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  • Foresight 'best positioned' to sustain coal exports: FBR analyst

    As exports have "ground to a halt" for most Illinois Basin producers and domestic markets 

    remain  uncertain, Foresight  Energy  is one of the "best-positioned" producers to sustain 

    exports at current prices, investment bank FBR said Monday. 

    That analysis echoes the sentiment of the St. Louis-based company, which boosted its tot

    al sales guidance through the end of the year to 22 million tons from 20.5 million st, largel

    y due to the strength of its exports. 

    "The  company  remains  optimistic  on  the export market, as Foresight believes Chinese 

    and Indian demand will drive prices," FBR said in a note. 

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