Weak Market? Not for Coal Stocks
Jun 13th, 2008 | By Bryan Bottarelli | Category: Oil Investment & Alternative EnergyOver the last few weeks, the major market averages have been stuck in a severe sell-off.

But coal stocks, on the other hand, continue to appreciate in value. That’s why I feel that every Taipan reader (like you) needs to own some upside exposure to the coal sector. Today’s Chart of the Day offers you a look at one stock pick.
According to the U.S. Department of Energy, China and India will account for 70% of the world’s coal consumption increases over the next two decades, and this demand is not about to stop anytime soon. Roughly 66% of the world’s coal is used to fuel electrical plants, and the remainder goes into steel and concrete production.
That makes coal a global play on energy and infrastructure.
That’s why I like Fording Canadian Coal Trust (FDG:NYSE). It’s enjoyed current coal contract rates running as high as $275 per ton — compared to the $93 per ton it charged in 2007. This incredible year-over-year coal price increase makes it easy to predict that shares of FDG will hit $100 by Q4 of 2008.
Bryan Bottarelli, Bottarelli Research
Source: Weak Markets? Not for Coal Stocks
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Enticed by the promised wonders of the WaveStrength predictive system, Bryan joined forces with Adam Lass to run the