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EPS100Momentum
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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • Brean Murray raises targets on underestimated Coal Sector.. 0 comments
    Jan 7, 2011 8:47 AM | about stocks: GACHF, WLT, MEE, BTU, ACI, TCK, RNO, CLF, ANR, PCXCQ, CLD, CNXQ, ICO, BHP, RIO, VALE, KOL, PALL, SLV, GLD, OIL, USO, ERY

    Brean Murray firmly believes that many investors are underestimating the potential impact of the Australian floods.

    ICO target raised to $13 tgt from $9;  PCX upgraded to Buy; MEE tgt to $65 from $55; ANR tgt to $80 from $60; WLT tgt to $161 from $120; JRCC tgt to $30 from $23; CNX tgt to $63 from $50; BTU tgt to $81 from $66; CLD tgt to $23 from $18; and ACI tgt to $23 from $18.

     

    He is calling for Coal to soar to well over $300/ton, "these floods have the potential to shut in even more Australian coal production than in 2008 (when spot prices increased from roughly $200/metric ton fob port to well over $300/ton in less than six months)". 

    Stocks: GACHF, WLT, MEE, BTU, ACI, TCK, RNO, CLF, ANR, PCXCQ, CLD, CNXQ, ICO, BHP, RIO, VALE, KOL, PALL, SLV, GLD, OIL, USO, ERY
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