Daily Stock Opinions and Ratings

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Opinions

Michael Sprung Western Canadian Coal Corp. WTN-T COMMENT Jul 28, 2010

Coal market is centred on what is happening in China. Any threat of China slowing down worries him that coal is going to suffer. If you believe in the long-term outlook for steel, demand for coal is going to remain robust. Little too volatile for him.

Michael Sprung

Unlock Rating

$4.150

Stock price when the opinion was issued

non-base metal mining

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

BUY

Great company but surprised that it is languishing in the low $4's. Key attraction to this coal company is that they are going to ramp up production faster than anyone else going into 2011-2013. Nice geographical diversification.

DON'T BUY

Couple of years ago he had coal companies on this watch list. None right now. He doesn’t know their financial statements.

COMMENT

Metallurgical coal market is still fairly tight. Prefers Westshore Terminals (WTE.UN-T) which pays a nice dividend and has less volatility.

WAIT

It has pulled back but is starting to show strength again. If it can break above $6.80 then it is worth buying. Wait until it hits $7. Chance it could drop to $5 otherwise.

COMMENT

Has done well because of the general view on metallurgical coal, the outlook from a commodity point of view and its operations. Could use it as a trading stock. Currently not in it but looking for an opportunity.

HOLD

Possible takeover by Walter Energy (WLT-N). Doubts there will be another offer. If you own, he would suggest you hold on until the deal happens as it could improve.

HOLD

Possible takeover by Walter Energy (WLT-N).

SELL

In a merger agreement with Walter Energy (WLT-N) and doesn’t expect there will be any more offers. If you own, take your profit.

HOLD

Have strong management. Not a bad deal. Wait before selling and enjoy the upside from higher coal prices.

COMMENT

He would have taken some off but would have been wrong. Is moving because of the company that is taking it out. Flooding in Australia is going to make things better for Canadian mines.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Michael Sprung Western Canadian Coal Corp. WTN-T COMMENT Jul 28, 2010

You might be interested:

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Western Canadian Coal Corp.(WTN-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Kim Bolton

Stockchase Insights

Jim Cramer - Mad Money

Paul Harris, CFA

The Panic-Proof Portfolio (Stockchase Research)