Kentucky Energy (fka QMIN)

[smaz1969]

Oh, I understand the future of coal and nat gas expectations. With the current low cost of nat gas, many electricity producers are burning more of it instead of coal and therefore contributing to the downturn in coal demand. To add to the downward pressure, electricity demand is way down. To make it a triple... The demand for steel is way down due to the severe downturn in the auto and construction industries. So there is currently virtually no market for met coal. Met coal is currently being sold on the steam market... on and on. It is not a pretty picture from the supply side. My point is expectations are not always the way things turn out. In light of expectations I don't have much hope for Quest. But one never knows. It is clear to me that betting on Quest is betting against popular consensus. But every now and then it pays well to swim against the tide. Be assured that I don't have that much on it though.