I would'nt say LNC are heading in a different direction Penny. UCG to syngas for power generation is the cheaper and easier option atm in this current climate. LNC and CNX were always going to be doing power generation but they also have larger projects that are on hold like most companies. Its smarter to scale back or put on hold the expensive business plans atm. Even the blue chips are scaling and cutting back larger projects until global markets or consistent demand improve.
LNC Price at posting:
$1.53 Sentiment: None Disclosure: Not Held