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Compliance Energy Corp CPYCF

Compliance Energy Corp Is a Canada-based exploration and development company. The company is engaged in the exploration and development of resource properties. The firm is an exploration and development company working on resource properties it has staked or acquired, principally on Vancouver Island. It has interest in Comox Joint Venture (CJV), which holds the Raven Underground Coal Mining Project (Raven Project).


GREY:CPYCF - Post by User

Comment by mokitaon Sep 26, 2012 12:48pm
137 Views
Post# 20416349

RE: Met Coal demand and prices down--indefinitely?

RE: Met Coal demand and prices down--indefinitely?

industry pundits are predicting a significant departure from the boom bust coal cycle that has bankrupted companies and tanked stocks.  Credible sources are not predicting a recovery.  additionally canadian coal will be competing with developing Asian countries that are developing their coal resources  and with lower costs for labor and transport how can you imagine a profitable future with CEC?  Not to mention the Hinton Coal project is expected to produce coal at a much lower cost than CEC.  More and more media exposure on the hidden costs of coal --A Harvard Study to be published demonstrates coal companies profit while $500 billion a year in US for health and environmental costs  get passed to taxpayers.  And this study doesn't cover the billions needed to cleanup contaminated rivers.  The more media attention to coal mine abuses, the more likely companies will be held accountable--like Teck that could be facing a billion dollar law suit for dumping thousands of tonnes of toxins into water and claims they were operating within the Canadian regulatory system.  

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