FastSaying
The big picture for investors is what will it do for production. What will it mean for supply and demand and pricing?
Ian Synnott
Will
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Any time you have a disruption, you have a loss in (coal) production. But I don't think this will be an event that shuts down the coal industry.
— Ian Synnott
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But I am not sure how much someone would be prepared to pay for James River, rather than buying a private company.
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There has been a lot of pressure from large shareholders. The market is reacting well to it...everyone is talking about consolidation (in the coal industry).
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They had encouraging operating numbers. Their lower cost guidance was also good.
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The demand for Appalachian coal is strong, and it's cheap compared to other fuel prices.
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