Coal Is the New Black Gold
I put Arch Coal on the watch list without a trigger price. I would like to buy it cheaper and with natural gas prices moving lower we may get the chance. I will send an email update when I think it is safe to enter. We may miss the breakout if it occurs but the gas glut is a factor to watch. Better safe than sorry.
Check your email during the week for updates on ACI and any other stocks that become targets.
Current Watch List
ACI - $47.43 - Arch Coal Inc
Arch Coal, Inc. operates as a coal producer in the United States. The Company's primary business is the production of steam and metallurgical coal from surface and underground mines throughout the United States, for sale to utility, industrial and export markets. Its mines are located in southern West Virginia, eastern Kentucky, Virginia, southern Wyoming, Colorado and Utah. As of December 31, 2005, it operated 21 mines, and controlled approximately 3.1 billion tons of proven and probable coal reserves. During the year ended December 31, 2005, the Company sold approximately 140.2 million tons of coal. The Company has three business segments, which are based on the low-sulfur coal producing regions in the United States, in which the Company has operations. These segments are the Central Appalachia region, the Powder River Basin and the Western Bituminous region. On December 31, 2005, the Company sold its 100% interest in Hobet Mining, Inc., Apogee Coal Company and Catenary Coal Company.
Buy Jan $55 Call ACI-AK currently $4.10