Coal To The Rescue

Coal To The Rescue

Europe is in big trouble with energy prices expected to soar very high in winter. With the trade sanctions put on Russian oil, there needs to be another source for energy generation, and Europe is looking into "temporarily" relying on coal.

Indonesia, the world's biggest exporter of coal used in power plants, will be able to increase output to help meet the demand of countries that have lost supplies from Russia.

How to invest in coal?

It looks like the move towards clean energy is real. The last remaining ETF for coal shut down a couple of years ago. If you want to invest in coal and potentially sell it next year, you will have to create a basket of coal stocks yourself.

Below is the list of several well-known coal miner stocks:

  • Warrior Met Coal (HCC.US)
  • Arch Resources (ARCH.US)
  • American Resources Corp Class A (AREC.US)
  • Ramaco Resources (METC.US)
  • SunCoke Energy (SXC.US)
  • NACCO Industries (NC.US)
  • BHP Billiton Ltd ADR (BHP.US)