TECK - Australian coal exports cut as heavy rains shut rails slowing key port

Coal stocks are on watch after heavy rains along Australia's east coast over several days have caused the worst flooding in half a century, stopping shipments from the key coal terminal Port of Newcastle.Potentially relevant tickers include [[TECK]], [[BHP]], [[RIO]], [[BTU]], [[ARCH]], [[HCC]], [[METC]], [[GLCNF]], [[GLNCY]], [[KOL]]Coal deliveries to the world's biggest coal export port have been halted because flooding in the Hunter Valley region has shut rail lines, with heavy rains also slowing ship movements at the port."Historically, seasonal weather-related disruptions in Australia generally occur in H1 impacting Australian met coal supply and providing price support," National Bank Financial writes.BHP is operating with above-average EBIT margins, low leverage and a 3%-plus yield, Chris Jessen writes in a neutral analysis published on Seeking Alpha.

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Australian coal exports cut as heavy rains shut rails, slowing key port