What does anyone know about clean coal technology? Or converting coal to fuel. I need to know if I should load up on coal stock(s).
“What does anyone know about clean coal technology? Or converting coal to fuel. I need to know if I should load up on coal stock(s).”
I am a big fan of coal stocks, and, conveniently, they have just been crushed by about 30%. It is NOT because of coal-to-gas, it is because of met coal, the type of coal used to make steel.
My favorite coal stocks are the ones located in Appalachia, which have among 1: The highest BTU content, 2: The highest proportion of met coal vs. steam coal of all US producers 3: have known, working infrastructure to deliver the coal. We are talking about millions of tons, rail lines are an absolute requirement. The Appal coal cos (generally called CAPP = Central Appalachia) that meet these requirements are:
ANR
PCX
WLT
MEE
Any of these are great investments. PM me for more math than the board needs to know about.
less good: CNX
even less good: JRCC
Just as a point of reference as to how the market views BTU, sulfur, and ash content and proximity to port facilities, consider that steam (not met) coal from CAPP sells for about $100-120/ton, not including special buddy-buddy deals to the local utilities; while PRB (Powder River Basin) Coal, typ from Wy & Colo & Ut sells for....wait for it.....$14 - $18 a ton.