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Fording Canadian Coal Trust (Inc Trust) (FDG.UN.TO)
Financials 
Technical Analysis 0
PAST TOP PICK
(A Top Pick March 26/08. Up 60.9% including distribution.) Being acquired by Teck Cominco (TCK.B-T).
Ken McCordOwned
other mines
BUY
Good long-term play. About 200 nuclear and 150 hydroelectric plants being built globally but won’t be ready for 7 to 10 years. Meantime electricity will have to be generated from coal, gas etc. Coal will be a prime beneficiary of this. Just reported greater earnings, which should continue. Their coal is used for steel and is 17% of the world’s supply. 12.25% yield.
other mines
PARTIAL SELL
Just taking a bit of a pause here. Record contracts were recently set for iron ore and they are very well exposed to metallurgical coal. We have just gone through a very heavy period for coal prices. There are concerns on inflation and a slowing economy. If you own, consider taking some profits off the table.
other mines
BUY
Doesn't think you can call the distribution safe, but it could go up over the next 6 months or a year. If you can accept some risk, this is a Buy.
Pat McKeoughOwned
other mines
BUY
Just increased their payout. Yields about 11%. Should have more upside.
David CockfieldOwned
other mines
BUY
Coal in general tends to move with energy prices. Prices for both thermal and metallurgical coal have gone up. Love the long-term prospects.
Ken McCordOwned
other mines
TOP PICK
Coal. If spot prices stay at $375 not impossible for stock to be paying $17-$18/unit.
David BurrowsOwned
other mines
HOLD
Coal is a sector that has been absolutely hot. Any coal stocks should be a Hold. The issue with the big winners is that they are quite extended from the start of their run. Long-term fundamentals for coal continue to look very good. A significant pullback of 15% or 20% would be your opportunity to buy. Sentiment will be negative at that point but it is a much better risk/reward ratio for a longer-term play.
other mines
TOP PICK
One of the concerns was that prices would come down because Australia saw flooding and that constrained supply. China has really been out of the world coal market for the last 18 months. They have been buying metallurgical coal from the US at $350 a ton and offering 3 and 4 year contracts at those prices.
David BurrowsOwned
other mines
BUY
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