On Wednesday BHP's Dean Dalla Valle said he expect demand for coal to increase for decades to come. The executive said most of demand growth for coal will come outside of China, the current primary driver of global commodity prices. India, which Valle said is "not overly endowed with metallurgical coal," could be a significant source of demand.
Shares of Alpha Natural Resources gained 7.1% in the past week.
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TheStreet Ratings team rates ALPHA NATURAL RESOURCES INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALPHA NATURAL RESOURCES INC (ANR) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: