Coal Producers Prepare for Highly Lucrative Summer

The Bedford Report released research on the outlook for coal and for two coal companies, Patriot Coal Corporation (NYSE:PCX) and International Coal Group, Inc. (NYSE:ICO).

The press release is quoted as saying:

US coal companies are seeing a surge in demand following last year’s devastating floods in Queensland, Australia. Due to the flooding, the US Energy Department believes shipments from the US are poised to rise almost nine percent this year to about 86.5 million tons.

To read the full press release, click here.