Who bought Arch Coal?
Who bought Arch Coal?
Arch Resources is the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market….Arch Resources.
|Key people||John W. Eaves, Executive Chairman Paul A. Lang, President/CEO John T. Drexler Sr.VP/COO|
|Revenue||US$ 2.32 billion (2017)|
Where is Arch Coal located?
Arch and its subsidiaries also operate highly efficient, low-cost thermal mines in the United States — in the Powder River Basin and Colorado. These mines produce highly cost-competitive thermal coal for sale into the domestic and international power generation markets.
Is Arch Resources a public company?
NYSE: ARCH (Common Stock)
Is Arch Resources a good investment?
Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of ARCH, demonstrate its potential to outperform the market. It currently has a Growth Score of A.
Is Arch Coal a buy?
Arch Resources has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Is it a good time to invest in coal?
Investment Rationale Coal remains a primary source of energy in India and demand for coal is likely to grow over the next few years as the economy is likely to grow. Reliance on continuous power based on thermal power could keep demand for coal buoyant at least for the next decade.
What is the best coal stock to buy?
Best Coal Stocks Right Now
- Alpha Metallurgical (NYSE: AMR) Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia.
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- Arch Resources (NYSE: ARCH)
- BHP Group (NYSE: BHP)
- CONSOL Energy (NYSE: CEIX)
Where is Tunnel Ridge coal Mine?
Wheeling, West Virginia
Tunnel Ridge, LLC operates the Tunnel Ridge Mine, located near Wheeling, West Virginia. Tunnel Ridge utilizes the longwall mining technique to produce medium/high-sulfur coal. The Tunnel Ridge preparation plant has a throughput capacity of 2,000 tons of raw coal per hour.
Why are coal stocks going up?
Many coal stocks have doubled or tripled over the past year; Peabody’s shares have gone up more than 400%. The war, rebounding post-pandemic demand, the rising politicization of trade, erratic weather and the world’s intent to become greener have left fossil fuel supplies more vulnerable to supply shocks than ever.
Is Arch coal a good Investment?
Jefferies is very positive about ARCH and gave it a “$160.00 – $225.00” rating on Jun 07, 2022. The price target was set to 177.30+10.92. Over the last 90 days, this security got 2 buy, 0 sell, and 0 hold ratings.