---
title: "Crushed Coal"
url: https://independentstockanalysis.com/crushed-coal/
description: "Natural gas higher by 8 cents is irrelevant, the coal stocks are getting crushed today on the heels of a met coal driven downgrade ( Marketwatch )…"
published: 2012-09-04
updated: 2012-09-04
---

# Crushed Coal

Published 2012-09-04

Posted on

by

J.J. Butler

Natural gas higher by 8 cents is irrelevant, the coal stocks are getting crushed today on the heels of a met coal driven downgrade ([Marketwatch](http://www.marketwatch.com/story/downgrade-hits-coal-miners-peabody-alpha-natural-2012-09-04?siteid=yhoof2)).

Re-posts from this morning, but that relevant to coal: A Simmon’s analyst opines natural gas associated with oil production is the natural gas problem and a fall in oil prices in needed to balance the natty market ([Barron’s](http://online.barrons.com/article/SB50001424053111903904904577615400549462454.html?mod=googlenews_barrons)). Raymond James lowered their natural gas production forecast, yet are still calling for higher 2013 production. [RJ](http://www.raymondjames.com/Branches/c2c/7ho/Whittakercooper/resource.asp?page=energy_stat.htm)

Morgan Stanley is more constructive: [Barron’s](http://blogs.barrons.com/focusonfunds/2012/09/04/natural-gas-prices-set-to-hurdle-coal-to-gas-roadblock-ms/?mod=yahoobarrons).

Underground coal mining is dangerous: Death toll in China mine blast rises to 43 at [Terra Daily](http://www.terradaily.com/reports/Death_toll_in_China_mine_blast_rises_to_43_999.html). Thus the “Chinese government has decided to close hundreds of small mines over the year to ensure safety in the coal mining industry.” [Business Standard](http://www.business-standard.com/generalnews/news/china-to-shut-hundredscoal-mines-this-year/51067/)

Output cuts help steady China’s coal prices, outlook at [Mining Weekly](http://www.miningweekly.com/article/output-cuts-help-steady-chinas-coal-prices-outlook-2012-08-29).