$74.51
0.00 (0%)
Fording Canadian Coal Trust (USA) (FDG.DL)
CAPS Rating:
The Company is an open-ended mutual fund trust. The Trust makes directly and indirectly owns all of the interests of Fording LP. It uses the cash it receives from its investments to make quarterly distributions to its unitholders.
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Exported coal is going to continue to be strong in the medium term. While the projected increased demand in the U.S. hasn't really panned out, developing nations such as China are growing their imports at an exponential clip. If some of the alternative uses of coal, like gasification, catch on this trend will only be exacerbated.