Analyst looks for opportunities in met coal names after bad week at market

摘要

FBR & Co. analyst Lucas Pipes noted that producers had a tough week asrninvestors are pricing in an average $117/tonne metallurgical coal price forrncoal equities.rnPipes wrote that metallurgical coal-producing equities were downrnbetween 2% and 18% in the last week as investors consider the effect ofrndeclining prices on valuations. He said a number of factors contributed tornunderperformance in metallurgical coal company stocks, including pricerndeclines, skepticism about metallurgical coal’s outlook, bearish sentimentrnacross energy and materials and a coal company announcement on secondquarterrnmetallurgical coal prices and volumes.