Category Archives: Energy
The Dow Jones U.S. Coal Mining Sector Index has more than doubled so far this year, up 117.6% through July 15, obviously much better than the broader DJ US Total Market Index’s gain of 5.7%. Much of coal’s gains reflect “dead … Continue reading
Alpha Natural Resources (ANRZQ) is the nation’s third largest coal producer and the leading producer of metallurgical coal, with a large reserve base in Appalachia. It also has a meaningful presence in the Powder River Basin in Wyoming.
Last week was a tough one for the stock market, the worst since the August mini-meltdown. Most major averages fell more than 3.5%. The S&P 500 was down 3.8%. The NASDAQ Composite dropped 4.1%. The Russell 2000 lost 5.1%.