Simplified: 1. I am confident that the BK procedures will, starting from Nov on, lead to well thought through and judicially approved consolidation through the first half of 2016(first steps and court appearances were positive) 2. Most Lenders are in good faith negotiations to guarantee business contingency (has already started; see previous posts/news) 3. Prices for metallurgical coal (ANR is a big producer) are expected to see a turnaround in 2017 (several forecasts by many analysts; can be googled). MET coal can't be replaced and will in asia and elsewhere see a bottom demand this fall and then an increase again (just inevitable with 2 billion people in these regions in continuously modernizing countries) 4. Although thermal coal is in overproduction, and the coal prices may still drop, the heating gas and oil prices are expected to rise (several forecasts by many analysts; can be googled) which in the past was indirectly correlated to the chances for coal prices to rise...especially after temporary reduction of production, adjustment to new EPA standards and shedding of inefficient mining which is all in swing.
Excerpts from Zacks: Brokerages Give $0.61 Consensus Price Target to Alpha Natural Resources (NASDAQ:ANRZQ) http://www.wkrb13.com/markets/877659/zacks-brokerages-give-0-61-consensus-price-target-to-alpha-natural-resources-nasdaqanrzq/ Posted by Scott Davis on Oct 29th, 2015: Analysts have set a one year consensus price objective of $0.61 for the company and are anticipating that the company will post ($0.78) earnings per share for the current quarter, according to Zacks. Zacks has also given Alpha Natural Resources an industry rank of 169 out of 265 based on the ratings given to related companies.
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