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Wednesday, March 21, 2012

Stock Alert - Patriot Coal (PCX -3.3%), Peabody Energy (BTU -5.4%) and Alpha Natural Resources (ANR -4.4%).- 3/21/12

Coal stocks are weak today, after Sterne Agee says they see a nonexistent market for spot and near-term coal prices as utilities continue to wrestle with unexpected generation declines, and to expect more production cuts for the industry: Patriot Coal (PCX -3.3%), Peabody Energy (BTU -5.4%) and Alpha Natural Resources (ANR -4.4%).

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