Coal Becoming More Competitive in Face of Rising Gas Prices: Analyst

CNBC reported that coal mining company shares lifted on Friday after favourable analyst comments on the future of the coal industry.

As quoted in the market report:

Coal is becoming more competitive since natural gas prices have risen closer to $4 per 1,000 cubic feet. It was below $2 earlier this year. And coal demand is expected to pick up as emerging-market economies get healthier, Sterne Agee analyst Michael S. Dudas said.

To view the whole CNBC report, click here.