• Michael Bryant
    Wonder if Cliffs Natural Resources ($CLF) will make another bid for Alpha Natural Resources ($ANRZQ)?
    1/7/13
    Reply (15)
    • wigit5: I would be surprised if $ANRZQ management would facilitate a sale they have been very anti-sell since the Massey Acquisition.
      1/7/13
    • wigit5: plus while ANR has rallied back above $10, $JRCCQ has languished below $5... other than it's debt not sure why...
      1/7/13
    • cfb5006: What would CLF buy them with? They had 36 million in cash last quarter. No bank on the planet would let them do that right now.
      1/7/13
    • cfb5006: This rally in ANR is crazy. I was long the stock but not now. They are way too tied to NG prices in the US, which are crashing.
      1/7/13
    • wigit5: ANR derives a lot of it's revenue from met coal which is actually trending upward after bottoming late last year. And with NG hanging in
      1/7/13
    • cfb5006: They are like 70/30 therm/met coal. They plan on shifting that in the future, but as of right now they are tied to us therm coal.
      1/7/13
    • cfb5006: They are far from a pure China play. I loved the name at 6-7, but at 10+, they have to start making money.
      1/7/13
    • wigit5: the low $3 + the cost cutting measures ANR has aggressively put out they may surprise us in Q1 or Q2 of 2013.
      1/7/13
    • cfb5006: nine months ended September 30, 2012, sales of metallurgical coal, which generally sells at a premium over steam coal,
      1/7/13
    • cfb5006: were 4.9 million and 15.4 million tons, respectively, and accounted for approximately 17% and 19%, respectively, of our coal sales volume
      1/7/13
    • cfb5006: I was wrong, they are about 80/20 Therm/Met coal, sorry.
      1/7/13
    • wigit5: Hmm I was pretty sure that in terms of revenue it was more balanced... I could be mistaken though.
      1/7/13
    • cfb5006: I just don't see how it goes to 11 or 12 without the fundamentals improving. This winter is turning out to be very warm - that's not good.
      1/7/13
    • wigit5: very warm is subjective but it's colder then it was last year which was historically warm
      1/7/13
    • cfb5006: At 10.63 I worry about waking up and it being down 10+%. I have had more than enough of those days with ANR over the past year.
      1/7/13