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3 Coal Stocks to Buy on the Dip -Breaking

by Mike Robinson

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© Reuters. There are 3 coal stocks to buy on the dip

This year, coal consumption increased. However, its supply is still limited which has caused its prices to rise. With winter now approaching the Northern Hemisphere, coal prices are expected to rise further even after China’s intervention to lower prices. We believe it would be smart to invest in the coal stocks of Warrior Met Coal, Ramaco and Hallador Energy. Continue reading. Despite all the talk about cleaner energy worldwide, coal remains relevant. Since 2014, the United States has seen a first-over-year rise in coal usage for energy generation.

Due to the doubled prices in the U.S., coal prices reached their highest point since 2009. This is because the producers cannot keep up with rising carbon substance demand. Thermal coal prices also tend to rise in winter. And despite China’s intervention to lower coal prices by expanding supply, coal is expected to trade at $159.82 per metric ton by the end of this quarter.

Therefore, it might be a smart move to purchase the dip in fundamentally strong coal stocks such as Warrior Met Coal, Inc., Ramaco Resources, Inc., Hallador Energy Company, (NASDAQ) and Ramaco Resources, Inc.

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