Coal Plays On Fire Triggering My Love For National Coal Corp. (NASDAQ:NCOC)

[inthemoneystocks]

Commodity stocks have been ripping of late. After the Jobs Report on Friday, the U.S Economy seems to be on the path to a solid recovery or so it may seem to most. Positive comments have emerged on many sectors from steel to coal. With analysts seeing a recovery not only in the United States but around the world, commodity prices have soared. Oil is now over $80 per barrel and other energy sources are not far behind.

Talk on coal has been extremely positive and stocks like Puda Coal, Inc (AMEX:PUDA), Patriot Coal Corporation (NYSE:PCX) and James River Coal Company (NASDAQ:JRCC) have not disappointed. These stocks have seen a meteoric rise. Just in the last three weeks, PUDA has jumped over 100%. Larger players like Patriot Coal have also ripped higher to the tune of 30% or more.

Over the weekend I was looking through these charts which you can view below and I came across National Coal Corp. (NASDAQ:NCOC). This coal stock has been crushed and seen none of the recent momentum in the sector. With the momentum pushing so hard and the gains in other coal stocks so high, it is hard to believe National Coal Corp. will not see some of that love. While any stock trading below $1.00 carries a ton of risk, I think it has some potential at these levels in the near term. I picked up some myself today at current levels and will see how it plays out.

Disclosure: Chief Market Strategist Gareth Soloway is long National Coal Corp at the time this article was written.

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com



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[Cosmic]

Two more coal company plays that never seem to get mentioned.

AWSR America West Resources (OTC)

Just bought two private companies in China. Something to do with the coking end of the business. Apparently still has a mine in the USA, had some financial problems a while back, stock seems to have done nothing. Is it a total dud or some gem in the rough?


The next one I really can't understand why somebody would attempt to list and trade it like this in the USA.


CCOZF China Coal Energy Company Limited (OTC)
On the Hong Kong it is 1898.HK trades for about $13 HKD.

This is a massive company with like over 52,000 employees. Into everything big time. Designs, builds and operates mines, including all the machinery involved. Got a huge market cap. Data very difficult to come by as a USA listing. Trades with a fairly large bid / ask spread. Had about a 200% gain over the last year. Question is there any gas left in the tank??? Very poor data for charting it. Like buying a pig in a poke.

Why would anybody attempt to list a company like this in the USA??? It should be sort of a blue chip, not some minor pink sheet. Apparently might even pay a dividend depending on how you read it.

Home web page is here.

China coal energy company limited

Would be interesting on anyone's take on the stock, have they owned it? I just don't understand why it is listed and attempts to trade like this. I do not own it, would be interesting maybe if you could know more about it, especially what the dynamics are in terms of increasing coal prices, versus the effect on that company's bottom line. Appears to be an integrated supplier with electricity generation plants of its own to some degree.