Re: Coal
reposting this from 100's of posts ago. I still think it is relevant.
*****a personal observation*****
Whether ICVI/MTEI drills/digs coal, oil, gas or whatever this stock is going nowhere
but up.
Now, should they find nothing but coal. Has anyone ever heard of Roberts Bank
(located in BC)...bbruin probably has since he lives in Vancouver. I live in WA but can
see Roberts Bank from where I live. From morning to night there are huge tankers lined
up, mainly from Japan, loading....guess what...coal, from guess where....the US. Since
having moved here in 1979 I have seen Roberts Bank enlarged three times because they
cannot keep up with the volume. The coal comes by train from all over the US (mainly)
and Canada (minorly) and is then loaded and shipped by tanker to parts unknown. This
goes on on a daily basis....almost 24 hours a day.
It really doesn't require a rocket scientist to figure out that coal, is in huge demand, if not
just in the US and Canada....all over the world.
Any energy producing product (oil, gas, coal, etc.) is in demand.
THAT'S why I'm holding long.
Personal observation, that's all, not necessarily the opinion of the viewing audience.
Helene
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