| DON'T BUY | 3.050 | Lyle Stein | 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. | 2008-09-09 | |
| DON'T BUY | 3.720 | David Burrows | He is putting coal in with energy, so does not own any at this time. | 2008-09-08 | |
| BUY | 5.110 | Bruce Campbell | Pure coal play but a junior. Statistically incredibly cheap. Analysts are predicting a double from here. Should move in any commodity recovery. | 2008-08-18 | |
| BUY | 7.470 | Ken McCord | 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. | 2008-07-29 | |
| TOP PICK | 6.940 | Peter Hodson | 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. | 2008-07-08 | |
| HOLD | 8.390 | Lyle Stein | The coal sector is on fire. He wouldn't buy it today but he would continue to hold it. | 2008-06-26 | |
| Comment | 9.530 | Brendan Kyne | 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. | 2008-06-06 | |
| Comment | 9.400 | Stephen Carlin | He has been playing coal through Fording (FDG.UN-T). | 2008-06-03 | |
| HOLD | 8.500 | Andrew Cook | 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. | 2008-05-29 | |
| BUY | 8.120 | Jean-Francois Tardif | Trading very cheap at 4X this year’s earnings. | 2008-05-27 | |
| TOP PICK | 8.300 | Peter Hodson | 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. | 2008-05-26 | |
| BUY | 6.910 | Derek Webb, CFA | Coal tends to rise with energy prices. Metallurgical coal is going up because steel prices have been skyrocketing. | 2008-05-16 | |
| Comment | 6.980 | David Burrows | 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.) | 2008-05-06 | |
| Comment | 5.160 | Bruce Campbell | A junior Western Canadian metallurgical coal play. With $300 coal contracts and $80 costs, these guys are going to be free cash flow machines. | 2008-04-11 | |
| BUY | 5.540 | Gavin Graham | Leveraged play on coal. New contracts will $300 a ton versus the current $70. (He owns Fording FDG.UN-T) instead. | 2008-04-09 | |
| PARTIAL SELL | 5.530 | Ron Meisels | Had a great huge breakout when it exceeded the $1.75 area. Chart shows a fantastic move. If you have it, you probably want to take a little bit of profit. The area in March/April is indicating some over bought conditions. | 2008-04-08 | |
| DON'T BUY | 5.210 | Peter Brieger | Had an enormous jump because of the increase in the price of coal. While cash flow for this year and next are terrific, there will be quite a drop in 2010. Stock is cheap, but he doesn't see the sustainability of the cash flow. | 2008-04-02 | |
| HOLD | 4.580 | Lyle Stein | The rumours are the price is going up but, would be a holder not a buyer. | 2008-03-28 | |
| BUY | 3.500 | David Burrows | Mentioned he liked fording and this one. Wouldn't give a reason, (special situation).
| 2008-03-19 | |
| Comment | 3.250 | Bruce Campbell | Sold his holdings at just about this price. Coal is a bit of the Australian/Asian story with some shortages that are exasperating the whole market. Will not be $3.25 a year from now. Very risky. Possibility it could spike, but could also go back to $1.50. | 2008-02-28 | |
| BUY | 3.070 | David Burrows | (Market Call Minute.) | 2008-02-15 | |
| Comment | 1.660 | Peter Hodson | Believed in coal last year and had a lot of this stock. He sold his holdings in order to offset some capital gains, but at the wrong time when it just about doubled. Still likes coal. They will make some decent money at today's rate. With the surge of coal prices, they are in the sweet spot, but it works both ways. He may consider buying again. | 2008-01-31 | |
| BUY | 0.910 | Bill Carrigan | Not the only coal stock that has rallied. They all rallied off the same low.
Make sure you've got a stop loss, suggests at around .75
| 2007-06-13 | |
| DON'T BUY | 0.780 | David Cockfield | Coal has run into problems in the last couple of years. You have to wait until the price of coal shows signs of increasing. Competition from Australia. Very difficult market. | 2006-12-07 | |
| DON'T BUY | 0.900 | Bill Carrigan | Money flows have been negative. Could be an insolvency. | 2006-07-17 | |
| DON'T BUY | 2.820 | Peter Hodson | Did a big financing which is going to sop up a lot of demand for the company. Would be better off with Arch Coal (ACI-N). | 2006-03-27 | |
| BUY | 3.100 | Peter Brieger | All the junior coal producers have had a very tough time recently. If you have a longer term view, it’s a great entry point. The Chinese have recently been crisscrossing B.C. looking to take stakes in the junior producers. | 2005-12-15 | |
| DON'T BUY | 2.520 | Peter Hodson | Has taken a giant, giant hit. There was talk that it was going to become an income trust and of course that was killed by the government. Had production and rail transportation problems. You now have a situation where the market cap is less than $100 million and you are going into year end tax selling so be cautious. | 2005-11-17 | |
| SELL | 2.340 | Michael Smedley | The small coal companies have had deliverability and cost problems. Would consider switching to a copper play or thermal coal. | 2005-11-10 | |
| BUY | 3.720 | Gavin Graham | Outlook for coal should be good for a few moer years. | 2005-10-31 | |
| WEAK BUY | 7.350 | Jean-Francois Tardif | Developing a coal project in the west. Stock doesn't look too good on the chart. Costs to produce has been going up. This company has disappointed many times. If the price of coal stays high, they should make a lot of money. Prefers others. | 2005-09-21 | |
| DON'T BUY | 9.550 | David Baskin | Like all commodities, coal prices will go up and down. Being driven by enormous energy demand and by the steel boom. Seeing steel prices dropping because of over capacity. Expect the next round of coal prices will be at lower prices. Thinks the best days are gone. | 2005-06-23 | |
| BUY | 9.600 | Gavin Graham | Continues to think coal is a good play. Now producing coal which can now be transported. | 2005-06-08 | |
| DON'T BUY | 9.180 | Bill MacLachlan | Highly unlikely that they will get back to their high in the $16 area. Will be very levered to energy prices. | 2005-05-17 | |
| DON'T BUY | 10.200 | Chris Fernyc | Ultimately in the long term full cycle, the only winners are companies that have low cost production. This company restarted some moth balled mines that weren't low cost, but are profitable currently due to the extreme spike in metalurgical coal prices. Not a long term investment. | 2005-04-25 | |
| DON'T BUY | 10.300 | Chris Fernyc | Metalurgical coal is very cyclical in nature. A cautionary note on the junior coal companies in Canada:These are mines that are not cost competitive in a commodized industry. If coal prices roll back to $60, these companies won't make any money and will get mothballed again. Extremely high risk. | 2005-04-14 | |
| WEAK BUY | 10.900 | Michael Smedley | There are some strange difficulties. Deliverability, productivity. Starting a whole new mining game as a result of a massive demand. Would feel more comfortable with Fording (FDG.UN-T). Have to overcome their deliverability problems. | 2005-04-06 | |
| WATCH | 12.950 | Sandy McIntyre | Moving coal. Moving from development to production. Likely to be in growth. Longterm has a classic parabolic move on charts. | 2005-03-04 | |
| HOLD | 15.000 | Robert Lyon | Have good production coming on stream and thinks it will become an income trust, maybe in '06. | 2005-01-11 | |
| DON'T BUY | 14.650 | Norman Levine | Pricing of coal has gone through the roof and stocks have probably been over done and will probably come down fast. Would stay out of the way in the near term. Look for China to start exporting steel, especially lower grade steel. Would prefer a Teck Cominco. | 2005-01-05 | |
| BUY | 16.090 | Peter Hodson | It's been a high flyer. Probably one of the next categories of coal companies in terms of the Canadian market. People are starting to look for a trickle down effect and see what else is out there. Signing some good contracts. They could have some very serious earnings over the next couple of years. Some talk about them becoming an income trust. | 2004-12-20 | |
| BUY | 13.200 | Michael Smedley | Metalurgical coal prices have gone up strongly. Having a little correction. China can't produce what it has. Should continue strongly. | 2004-12-07 | |
| BUY | 13.900 | Jean-Francois Tardif | Has just made their first shipment to Japan. Coal prices have increased substantially. If they stay where they are, coal stocks should do very well. | 2004-12-03 | |
| WEAK BUY | 14.160 | Bill Harris, CFA | The negative is that Cdn coal is a 2nd tier asset. A fantastic resource in Australia and South Africa. A start up. | 2004-11-25 | |
Experts that have talked about Grande Cache Coal Corp.
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