Read This Before You Buy Thermal Coal Stocks
The U.S. coal industry is emerging from a period marked by painful change, bankruptcies, and a truly horrid public image of the fuel in question. Just because companies like Arch Coal, Inc. and Peabody Energy Corporation (NYSE: BTU) have emerged from bankruptcy doesn't mean that coal is back on a growth path. That's why you need to read this before you buy thermal coal stocks... and stick to industry leaders like Alliance Resource Partners, L.P. (NASDAQ: ARLP).
The good news about coal is that it isn't going away. Coal produces around a third of the power in this country, and you simply can't replace that much production overnight. That's why the U.S. Energy Information Administration's (EIA) projections include coal as a major power contributor for at least another 20 years (current projections only go out to 2040).
Image source: Getty Images
Source: Fool.com