I like coal, but love Massey Energy
August 31st, 2008
Massey Energy is one of the great plays on coal for numerous reasons. The growth rates the company posts are out of this world, its position in low sulfur or clean coal technologies is second to none and its poised to do well both as coal prices rise and the world population becomes more interested in clean technologies. Not to mention that it has a heavy stake in the sale of metallurgical coal, or coal that is clean enough to use for the creation and preparation of steel. Positioning in metallurgical coal also means a position in emerging markets and steel. Higher prices for steel means higher prices for its coal. Read more…
