Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Merrill Reiterates Buy on U.S. Coal Producers

Merrill Lynch reiterated its near term and long term buy for Massey Energy (MEE) and other coal producers Arch Coal (ACI) and Consol Energy (CNX), which were all trading higher on Wednesday, Oct. 10.

Analyst Daniel Roling says the outlook for significant 2002 earnings momentum for U.S. coal producers he covers remains intact. He added that the vast majority of 2002, and some of 2003, sales contracts were locked in at substantially higher prices prior to the current economic slowdown. Moreover, coal prices continue to be strong even in the face of lower natural gas prices, validating the thesis that coal and gas prices have very low correlation, Roling notes.

blog comments powered by Disqus