Stock Tickers: ACI, CNX, BTU
Tonight on CNBC’s Mad Money, Jim Cramer said that recent pushes out of Democrats are now backing new coal initiatives for coal and for converting coal to fuel. Since we are coal rich and it is accessible easily in the US, he’s behind it and the Goldman Sachs downgrade this morning only helped this value for new investors. His two coal producers in the sector are Arch Coal (ACI-NYSE) and CONSOL Energy (CNX-NYSE). Archstone is riskier because their coal is somewhat uncommitted in 2008 and 2009. Cramer did say that CONSOL could even try to covert to a Master Limited partnership.
But Cramer’s favorite coal stock is Peabody Energy (BTU-NYSE). He likes where it is placed and he thinks coal will rise to catch up to oil as far as gains. Peabody can sell to China and India and its down over $9.00 from its highs. The company is also going to spin off its Appalachian assets to focus on growth, and that will take the stock higher when it occurs. He thinks it has 41 years of production in reserves.
Jon C. Ogg
June 18, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
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It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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