Met coal price Christmas price correction provides buying opportunity

摘要

Christmas proved lackluster for metallurgical coal prices, and this mightrnprovide a kind of Boxing Day sale opportunity, according to an industryrnupdate by analysts.rn“Lower met coal prices have been priced into the stocks all along, and thernrecent pullback presents an attractive buying opportunity, especially for ourrntop pick, Arch Coal Inc.,” said FBR & Co. analyst Lucas Pipes in a Jan. 6 note.rn“We believe that the sector continues to be under-owned and that long-termrnvaluations remain exceptionally compelling on absolute and relative bases.”