Demand for oil will eventually rebound, say analysts — driving up global coal demand in turn.
Geoff Beeston, investment advisor at Lonsec, offered CNBC an investment pick in the coal space: Australia's New Hope Corp., a producer of thermal coal.
"I like them for their very strong balance sheet," Beeston said. He explained that New Hope has "just completed" a huge asset sale sale to colossal BHP Biliton in July.
Further, the strategist says New Hope enjoys "good access to infrastructure," including nearby rail lines and "control" of a major port in Brisbane.
- Click to Watch Beeston Mini-Interview
- Short Term: Play the Oil Plunge!
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Disclosure information was not available for Beeston or for his company.