U.S. Domestic Coal Output Projected to Decline as Demand Continues to Fall
<p> Five Star Equities Provides Stock Research on Peabody Energy and Patriot Coal </p>
NEW YORK, NY--(Marketwire -09/04/12)- Shares of companies in the coal industry have lagged in the market in 2012. The Market Vectors-Coal ETF (KOL) -- which replicates an index that provides exposure to publicly traded companies worldwide that derive greater than 50% of their revenues from the coal industry -- has fallen over 30 percent this year. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research on Peabody Energy Corporation (BTU) and Patriot Coal Corporation (PCXCQ).
Access to the full company reports can be found at:
www.FiveStarEquities.com/PCXCQ
Plummeting prices and strict environmental regulations have continued to plague the coal industry. Several miners have reduced production further this year as demand falls in the U.S. and China. According to data from the U.S. Energy Information Administration domestic output will decline by 81 million tons in 2012.
The coal industry received a boost last week after a federal appeals court ruled against the U.S. Environmental Protection Agency's cross-state air pollution rule. The court stated that the EPA had overstepped their authority and imposed "massive emissions reduction requirements" that were too strict.
Five Star Equities releases regular market updates on the Coal Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. Second quarter sales volumes were 57.4 million tons, on par with the prior year as increases from Australia and Trading and Brokerage offset lower U.S. production. Shares of the company have fallen nearly 35 percent year to date.
Patriot Coal Corporation is a producer and marketer of coal in the eastern United States, with 12 active mining complexes in Appalachia and the Illinois Basin. The company controls approximately 1.9 billion tons of proven and probable coal reserves. Patriot Coal reported a $135.6 million loss in July.
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