MARKETS SPECTATOR: Linc's welcome coal call

Linc energy's plan to exit coal has been greeted happily by investors, but it won't mean long-term stability for the group's share price.

Peter Bond is getting out of coal and investors like it. Linc Energy’s stock has gained as much as 17 per cent this morning. At 1154 AEST the shares were up 8 cents, or 9.8 per cent, to 89.5 cents after Linc’s chief executive Bond told the ASX it plans to sell or demerge its coal unit and concentrate on underground coal gasification and oil.

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