Grande Cache Coal Corp. (GCE.TO) Buy, Sell or…

Grande Cache Coal Corp. (GCE.TO)

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19 watching

DON'T BUY

Metallurgical coal has been the driving force. Trading at a ridiculously cheap multiple because of the $300 coal price. There is now some doubt about the steel market, especially in China.

DON'T BUY

He is putting coal in with energy, so does not own any at this time.

BUY

Pure coal play but a junior. Statistically incredibly cheap. Analysts are predicting a double from here. Should move in any commodity recovery.

BUY

One of the more volatile coal names but is looking for it to go higher. Expects it to at least meet and pass through its old high of $10.50.

TOP PICK

Good cash flow. Coal stocks have been killed in the last month or so but the cash flow hasn’t changed. Less than 2X forward cash flow. Western Canadian Coal (WTN-T) is in play and when it goes some of money will shift over. Any disappointed buyer may be interested in this one.

HOLD

The coal sector is on fire. He wouldn't buy it today but he would continue to hold it.

COMMENT

Primarily metallurgical coal. Coal prices have done very well. Likes this sector. Steel demand is very high. They have a wonderful asset base. A lot of it is already reflected in the stock price. We consider it at $8 or $8.50.

COMMENT

He has been playing coal through Fording (FDG.UN-T).

HOLD

Price of coal has virtually tripled over the last year. People believe the price will stay at its current level for an extra year. This generates huge cash flows. You could buy a little bit here, but it has had a good run and there could be some profit taking before it goes higher.

BUY

Trading very cheap at 4X this year’s earnings.

TOP PICK

Almost went bankrupt in last cycle. Had production, rain and transportation problems and now all fixed and price of coal skyrocketed. Company could cash flow $4/share but stock is just above $8. Will be debt free later this year. Think this company will get bought by a Japanese steel company.

BUY

Coal tends to rise with energy prices. Metallurgical coal is going up because steel prices have been skyrocketing.

COMMENT

Controversy on the spot price of coal at $300 and some believe it will not last. This company produces a couple of million tons of met coal. Some of the mines have relatively short lives. Developing another mine that could give them 5 years. (Also see Top Picks.)

COMMENT

A junior Western Canadian metallurgical coal play. With $300 coal contracts and $80 costs, these guys are going to be free cash flow machines.

BUY

Leveraged play on coal. New contracts will $300 a ton versus the current $70. (He owns Fording FDG.UN-T) instead.

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Grande Cache Coal Corp. (GCE.TO)