Coal companies hit by oversupply, Obama
July 1st, 2013
07:05 AM ET
10 months ago

Coal companies hit by oversupply, Obama

New York (CNNMoney) – Coal company stocks have taken a hit lately, as a global oversupply and pending climate change rules from the Obama administration weigh on the sector.

The Market Vectors Coal Index ETF is down 17% in the last 30 days. Some individual companies have fared even worse. Shares of Peabody Energy Corporation have plunged nearly 30% from a month ago, as have shares in Yanzhou Coal Mining. Shares in Westmoreland Coal Co. are down about 10%.

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Filed under: climate change • Energy • President Obama