Western Canadian Coal Corp. (WTN.TO) Buy,…

Western Canadian Coal Corp. (WTN.TO)

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9 watching

COMMENT

A little bit suspicious as when the stock was above $9-$10, they had 2 approaches to take the company over and it went way down and is now recovering. Not his preferred coal stock. Solid operations and decent balance sheet but it still doesn't continue on an upsurge, it's not going to go anywhere.

DON'T BUY

(Market Call Minute) Speculative

COMMENT

Local paper had an article on a 211 million Dollar class-action suit because of insider trading. Hadn't heard anything about it so not sure it has gone out over the wire. (Ed note: Googled and couldn't find anything. Bill.) There is a lot of renewed demand for coal coming from Asia. Coal prices and loading seemed to be going in the right direction.

DON'T BUY

Would prefer to play coal through Westshore Terminals (WTE.UN-T), which gives you yields while waiting for things to improve. (See Remarks under WTE.UN-T.)

BUY

(Market Call Minute.) Has done pretty well because the price of coal has not gone down as much as people feared. Thinks coal will continue delivering reasonable earnings over the next year.

BUY

Metallurgical coal and the end game is dependent on the demand for steel. Tends to be some certainty on metallurgical coal prices. This one is well positioned. Longer term outlook is good.

BUY

Just acquired Cambrian Mining and are a stronger company for it. In high-cost coking coal for steel producing but coal price has not recovered. There is talk coal could go to $150 a ton. He considers this one of the higher risk plays that will give you higher leverage.

DON'T BUY

Coal is here to stay but will be substituted for cleaner fuels like uranium/nuclear. You want to be in the lowest-cost coal producers and this one is not. Has been teetering on bankruptcy in the last 2 or 3 years.

SELL

He is very cautious on coal. US will be imposing a huge tax on the energy complex and coal will be affected.

COMMENT

He doesn't own any coals. If you were going to use this as a play on Asia for the longer pull this would be okay. He is positive on the Asia recovery. Thinks there will be pressure on coal prices for the time being but operating costs will be coming down.

DON'T BUY

(Market Call Minute.) Would prefer a bigger coal name such as Fording (FDG.UN-T) or Grand Cache (GCE-T).

DON'T BUY

Coal has taken a huge hit in the last few days. Even though it has come off it is of no interest to him. Would have to come off a long way.

COMMENT

(Market Call Minute.) Doesn't like spikes. If it rallied a bit, he would get out. Don't let it violate its June low.

DON'T BUY

Company is up for sale and expects it will get taken out. Very volatile situation. If you own, you could hang around and hope to get a better price.

BUY

(Market Call Minute.) Very cheap coal stock.

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Western Canadian Coal Corp. (WTN.TO)