STOCKCHASE

A lot of the cyclical stocks have come under big pressure. This one has been missing some of their production estimates and earnings for this year but thinks it will ultimately be acquired. Expecting it to get around $12 a share.

2011-08-19

PARTIAL BUY

6.840

Bill Harris, CFA

Great little company that produces high-quality coal. It has high costs producing. If China slows down, and it could, this would be the canary in the coal mine because of high costs. Feels that China will be fine. Buy now to start with the idea of making further purchases when it drops further.

2011-08-17

PAST TOP PICK

8.950

Hap (Robert) Sneddon FCSI

(A Top Pick July 23/10. Up 51.85%.) Good chance they could get taken out.

2011-07-25

BUY

8.860

Strong upward trend since the early part of 2009. This is the right space to be in. Seasonality, there could be a short summer run. Good risk/reward right now.

2011-07-06

PAST TOP PICK

7.940

(A Top Pick July 23/10. Up 30.03%.)

2011-06-13

DON'T BUY

8.540

James Hodgins

Depends on your view of Chinese demand for met coal. Thinks their demand is going to fall during the last half of the year. This company is an emerging kind of growth producer but still relatively small. Prefers thermal coal. (See Top Picks.)

2011-04-21

HOLD

10.840

It could go a little bit higher, but it’s getting close to full valuation of $11-$12 unless coal continues to go higher.

2011-04-05

HOLD

8.800

Jim Huang

Underlying leverage is coking coal price. High cost producers so you have to be positive on prices staying high. He thinks it will and maybe goes higher. Should do well in the next couple of years.

2011-02-24

BUY

9.610

Torrential rains in Australia have been pushing coal prices. Likes this company and coal. Stock price is moving sideways and is probably getting ready to move back up again.

2011-02-17

PARTIAL SELL

9.940

Bill Carrigan

Looking at the different coal producers, he feels it is pretty close to the end for coal. If you are long, he would reduce.

2010-12-20

SELL ON STRENGTH

6.500

Robert Lauzon

Prefers Westshore Terminals (WTE.UN-T). Expects this could get past $7. If you own, look for $7-$7.25 as an exit point.

2010-09-13

TOP PICK

5.960

Strong producers. Likes metallurgical coal. Valuations have this as an exceptionally cheap stock.

2010-07-23

BUY

5.720

Good company. Operating update last week was pretty good. Great leverage to the world's steel markets.

2010-07-22

BUY on WEAKNESS

5.120

Peter Imhof

When playing any of the coal stocks, you are really looking at what the macro environment is going to be. If China and economy does well, coal will do well. He would treat as a trading vehicle because of its volatility.

2010-07-16

HOLD

5.350

Coal stocks all over the world have taken a pretty big hit. He would hang in with this one. Chances are if the world stays together it will go back to its old high. It was a big commodity correction over fears about China.

2010-06-03

SPECULATIVE BUY

5.740

John Stephenson

Speculative buy but attractive. Theme is rising metallurgical coal prices that would be the catalyst. Tend to be a higher cost producer meaning higher leverage to the upside if prices rise and higher leverage to the downside if prices fall. Cheap relative to its competition.

2010-05-28

DON'T BUY

5.300

Andrew McCreath

Buying coal stocks depends on a view of the economy. This one is highly volatile. He prefers to be defensive at this point. Contract prices for metallurgical coal will be sent in the next 2-3 weeks and will probably be $225-$230, which implies a trade of around 5X next year's earnings.

2010-05-26

BUY on WEAKNESS

4.990

Jim Huang

(Market Call Minute.) Need high coal prices to break even and thinks this is likely over the next little while.

2010-05-21

BUY

4.660

Ron Meisels

Started to break below the 200-day moving average. Long term he believes it will recover but right now you want to get in only around $4 with a $3.75 stop loss. There may be some support coming in.

2010-05-18

HOLD

7.900

Andrew Cook

Stock has had a great run. Think there is some more run left here but if it starts to go down he will take some off the table. At some point the price of coal has to plateau. Would not buy here, as there are better risk/reward situations.

2010-04-26

HOLD

6.710

Jason Donville

Good quality name, more torque for sure. The trade in coal is a lot less cyclical than other commodities.

2010-02-24

SELL

6.420

Martin Hubbes, CFA

Lock in some profits by selling half or your cost. It’s going to be a volatile ride.

2010-02-18

BUY

5.950

Peter Imhof

Great barometer of what the economy is doing. If you believe China is growing and will still require metallurgical coal, the stock looks cheap. Very high beta versus the market so if you need some exposure on the long side, this is a good way to play.

2010-02-11

BUY

5.950

Coal is a commodity that is on a tear and taken a lot of people by surprise. Chinese steel mills are working full out so metallurgical coal is high. Bullish on coal. Good earnings momentum.

2010-02-11

DON'T BUY

5.250

Colin Stewart

(Market Call Minute.) Likes the metallurgical coal theme but this is a junior company and you would have to live with a lot of volatility. (See Top Picks.)

2010-01-28

BUY on WEAKNESS

6.350

Jeff Parent B. Eng. FCSI

Good-looking chart. A bit toppy at $4.50 with an upward trend line to that point, followed by a big breakout, which is always a very positive sign. Will probably consolidate here that wouldn't surprise him to see it drop to $6.

2010-01-15

HOLD

4.140

Chinese steel demand is increasing so coal is going higher. Clean balance sheet and had some good production. He prefers the bigger US companies such as Walter Energy (WLT-N) because of better liquidity.

2009-11-16

DON'T BUY

3.900

Stan Wong

Coal has been very hot. Pretty high at 47X forward earnings. Extremely volatile. Technically it is hitting a peak that it hit about a month ago so it is something he would watch very carefully. Doesn't rank too highly for him.

2009-09-17

SELL

3.970

Junior coals are quite cheap. It has no fall back plan so be careful. It can, and probably will, go higher. Should sell half if you have a large holding.

2009-09-15

PARTIAL BUY

3.890

Andrew Cook

Has been a significant rebound on metallurgical coal prices but suspects it will be higher a year from now. It may need to go into a period of consolidation. If you are going to buy consider doing it in stages.

2009-08-20

DON'T BUY

3.940

Laura Lau

Metallurgical coal for steel production and stainless steel looks like its bottom is starting to rebound. A marginal high-cost producer so there is volatility. Fully valued at this point.

2009-08-14

Comment

3.720

Coal is funny in that contracts are signed in March. Seasonally coal stocks have not done well over the fall but usually better in the spring. Things are different this year but if coal prices go back down this could drop in a heartbeat. This is a tradable stock, not Buy/Hold.

2009-08-10

Comment

3.210

There is an expectation of an inventory rebuild across a bunch of industries. Metallurgical coal is directly in that supply chain and you could see coal companies go a long higher.

2009-08-06

BUY

2.860

Metallurgical coal prices have been red hot. Started the year at $110 and spot is now going at $150. A great levered play on these coal prices. This is the best small-cap play in this area.

2009-07-31

BUY

2.880

Stan Wong

Coal stocks are doing extremely well right now. Have lots of great assets in Alberta. Very strong earnings over the next little while. Small-cap mining company so very volatile.

2009-07-30

BUY on WEAKNESS

2.930

Jeff Parent B. Eng. FCSI

Volume started picking up in March and is starting to see an increase right now. Broke out of a short-term triangle formation. Expect it will pull back to about $2.60, which would be a good entry point. You have to get out at about $2.20. Has the potential of going up to $4.30.

2009-07-24

BUY

1.690

Didn't have enough cash because they where bringing lines in on production. Has not bottomed and is making new highs with each low being higher than the previous low.

2009-06-04

HOLD

1.390

Jeff Parent B. Eng. FCSI

(Market Call Minute.) Looks like it is positing a lot right now. Very jumpy stock. Maybe Buy on the next good news.

2009-05-13

Comment

1.190

It has just been announced that metallurgical coal prices are settling in at $125/$130, down from $300. Not sure this is the bottom. You have to be prepared for volatility.

2009-04-08

BUY

0.720

Fits in the takeover potential. Made almost as much as their share price in the most recent quarter. Estimates are $.17 a share in earnings going forward. Debt-free so there is not a huge amount of risk. Coal contracts are being signed at about $115. This company will be around for the next cycle. Little concerned about how much cash they will spend but it looks good for 09.

2009-02-12

DON'T BUY

0.590

(Market Call Minute.) Would wait for better times in the coal industry.

2008-11-25

Comment

1.310

Recent numbers were good. Good production, good cash flow and good cost control. Steel production is falling off a cliff so 24 months from now what will be the price of coal? It might be a little vulnerable coming into year end.

2008-11-07

DON'T BUY

2.010

Metallurgical coal for steel production. Would not be interested in buying as he feels the world is going into a quite dramatic recession. Base metal commodities will go down.

2008-10-17

DON'T BUY

3.050

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

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

2008-09-08

BUY

5.110

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

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

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

Steve 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

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

2008-05-27

TOP PICK

8.300

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

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

2008-05-16

Comment

6.980

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

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

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

The rumours are the price is going up but, would be a holder not a buyer.

2008-03-28

BUY

3.500

Mentioned he liked fording and this one. Wouldn't give a reason, (special situation).

2008-03-19

Comment

3.250

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

(Market Call Minute.)

2008-02-15

Comment

1.660

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

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

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

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

Outlook for coal should be good for a few moer years.

2005-10-31

WEAK BUY

7.350

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

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

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

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

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