When I said "We are near the last low in coal price", I mean the last previous bottom of the commodity price
[ Market Vectors Coal ETF (KOL) : last bottom ( nov 2008: ~ 11$) / we are now at ~ 13,7 $ from > 50$ ]
But anyway, you read my mind since I wonder if there is not a clear possibility for a natural gas price increase within a few month that will open a new era for coal. Why ?
I can help myself to notice that nat gas rings count are very low on a historical perspective.
The depletion rate of nat gas wells is at about 50% the first years so adjustment can be fast...
After the nat gas hype and the current fracking oil shake, financiers will be more cautious and the flow of money will dry up in the sector...
Copyright iTulip, Inc. 1998 - 2016 - All Rights Reserved
Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material.
Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. We reserve the right to make changes, including change in price, content, description, terms, etc. at any time without notice. By using this board you agree that you understand the risks of trading, and are solely responsible for your own investment and trading decisions. Read full legal disclaimer.
Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc. Requests for permission may be made via Contact Us.
Objectionable posts may be reported to the board administrators via Contact Us.