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Wednesday, September 11, 2013

New coal plant regulations could be better than feared, analysts say -9/11/13

New coal plant regulations could be better than feared, analysts say
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  • Coal producer Consol Energy (CNX) +2% today amid a report the EPA is close to requiring new coal plants to install expensive equipment to curb emissions - but analysts say it's an improvement over earlier fears that new coal plants would not be viable options at all.
  • The new EPA regulations being discussed are not fundamentally different and are perhaps a bit better than what the industry faced a year ago, Tudor Pickering Holt says.
  • Among other coal stocks mostly exposed to thermal coal markets: CLD -0.8%, ACI +0.4%.
  • Among coal stocks more exposed to the global metallurgical coal market: WLT -1.7%, BTU -0.4%, ANR -1%.
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