beegdawg007

Teck and Fording Should Benefit from Rising Coking Coal Prices

Western Cadadian Coal will benefit more since it has virtually no carry over remaining on the 2007 contracts after April 1. With 115 million shares and production of 3.2 million Tonnes of coal, I figure the EPS this year to be close to $1.00 a share. The stock trades for less than $3.00. There is also a good chance that some Asian steel company will simply buy the whole company to secure a 25 year supply of coal.