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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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