ST Alpha - "It’s... not a terrible bet in the near to mid-term. " (Reading a Post)

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In response to "Awaiting Trump's coal comeback, miners reject retraining -- (link)" by ty97

It’s... not a terrible bet in the near to mid-term.

Posted by mafic Nov 1 '17, 06:30

Really depends on China, and who knows wtf is really happening there?

I don’t know a lot about the economics of the coal in PA (production costs, mostly. Could look it up tomorrow), but there’s plenty of good stuff there at least.

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Plants seem to keep closing nonetheless -- nm - ty97 Nov 1, 06:33 1
- Thermal plants in the US, sure, but transport costs essentially nothing, you need it for steel, and China’s a big market. -- nm - mafic Nov 1, 06:37

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It’s... not a terrible bet in the near to mid-term.

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