If you think oil prices are spiraling out of control, take a peek at the stock chart for Patriot Coal Corp. After an 8-percent rally on Friday, Patriot shares surged another 12 percent Monday to close at $120 a share.…
After a furious run-up, coal stocks took a hit Friday when Goldman Sachs issued a report saying coal prices are likely to fall.
U.S. coal stocks have risen 30 percent since mid-January (versus an increase of 3 percent for the Russell 3000) because of a “perfect…
Shares of Arch Coal Inc. reached their highest point in a year Friday after the nation’s No. 2 coal producer reported fourth-quarter profit that exceeded Wall Street expectations and forecast record earnings in 2008.
Net income increased to $81.3 million, or…
