Thursday, December 9, 2010


Worldwide coal prices are rising. especially for coking coal that is used to manufacture steel. Look for wheeling and dealing in the industry. Rio looks like it wants to buy. The Indians want to buy. Keep an eye on options activity in U.S. plays. I doubt there will be an all out buy of a U.S. coal company, but there will be deals for assets of U.S. coal companies.

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