Been reading a fair bit of articles on how Coal price is surging ahead and there is still a lot of upside in the prices.
We have just seen a bull run on almost every commodity man has ever known and almost everything enjoyed a significant upside the last 12-18 months.
Lots of compelling articles which mention that Coal looks very lucrative and its demand is sky rocketing given the general prevailing conditions.
Significant factors amongst these:
a. EM's (India, China and the growing economies) are growing smartly at a decent clip and need a lot of Coal to take care of their energy needs
b. Australian miners are lobbying against their government to introduce carbon taxes in 2012. A crucial meet in scheduled for sometime this week to decide on these matters.
c. Demand far outstrips supply which would obviously lead to higher prices.
For ppl interested in the entire article, the link is here
Coal India is up quite smartly ever since it started trading sometime last year. Currently the stock is up about 70 odd % in some 3 Q's which is excellent whichever way one looks at it.
So, is it time to dirty one's hands (euphemistically speaking) and dig deep into Coal? What say ye?
We have just seen a bull run on almost every commodity man has ever known and almost everything enjoyed a significant upside the last 12-18 months.
Lots of compelling articles which mention that Coal looks very lucrative and its demand is sky rocketing given the general prevailing conditions.
Significant factors amongst these:
a. EM's (India, China and the growing economies) are growing smartly at a decent clip and need a lot of Coal to take care of their energy needs
b. Australian miners are lobbying against their government to introduce carbon taxes in 2012. A crucial meet in scheduled for sometime this week to decide on these matters.
c. Demand far outstrips supply which would obviously lead to higher prices.
For ppl interested in the entire article, the link is here
Coal India is up quite smartly ever since it started trading sometime last year. Currently the stock is up about 70 odd % in some 3 Q's which is excellent whichever way one looks at it.
So, is it time to dirty one's hands (euphemistically speaking) and dig deep into Coal? What say ye?
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