Coal Stocks Moving Higher

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Coal stock are moving up early Thursday dispute a move higher in natural gas after inventory data.

It is not clear what is driving the move in the coal stocks but there are a couple items to consider.

• Coal demand has been weak for eastern railroads, according to Barclays which downgraded Norfolk Southern (NYSE: NSC) today because of this. Although they see solid demand and relatively stable western coal dynamics.
  
  
• There were some earlier rumors of a takeover in the space, with none other than Warren Buffett named as a possible suitor. Peabody Energy was the rumored target.

Around the sector:

• Peabody Energy (NYSE: BTU) +3.3%
  
• Arch Coal (NYSE: ACI) +4.5%
  
• Patriot Coal (NYSE: PCX) +3.3%
  
• Alpha Natural Resources (NYSE: ANR) +2%
  
• Walter Energy (NYSE: WLT) +2.6%

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