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PRB creates enthusiasm and coal hangs on for companies in last week’s earnings calls

August 7, 2017 in News

Spring earnings have already revealed some modest numbers for coal producers. The second quarter of the year, between winter and summer demand, generally shows a decrease in production and revenue for Powder River Basin coal companies. Oil and gas companies are also reporting for the period from April to June, months marked by crude prices under $50 a barrel and natural gas’s spot price hovering near $3. But the PRB, for oil and gas, continues to deliver.

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