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| Small & Midcap Stock Forum Small & Mid Cap Stocks exchange between one and ten dollars, and usually have capitalizations of between $300 million and $10 billion. |
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05-04-2009, 06:11 AM
|  | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 984
| |  re: PCX - Patriot Coal Corp (NYSE Stock)
SHANGHAI, May 4 (Reuters) - Chinese stocks rose 2.28 percent on Monday, with coal and steel shares strong after the CLSA Purchasing Managers' Index rose to a nine-month high in April, bolstering expectations for a recovery in the Chinese economy........Coal shares led, with China Shenhua Energy jumping 6.15 percent to 26.25 yuan. China stocks up 2.3 pct after rise in PMI data - Forbes.com |
05-04-2009, 09:09 AM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 984
| | re: PCX - Patriot Coal Corp (NYSE Stock)
May 4, 2009 Analyst Upgrades: Quote: |
Patriot Coal Corporation (NYSE:PCX) raised to Attractive at Goldman...Alpha Natural Resources, Inc (NYSE:ANR) raised to Attractive at Goldman... Arch Coal (NYSE:ACI) raised to Attractive at Goldman...Foundation Coal Holdings (NYSE:FCL) raised to Attractive at Goldman... Peabody Energy Corp. (NYSE:BTU) raised to Attractive at Goldman...
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05-04-2009, 01:30 PM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 984
| | re: PCX - Patriot Coal Corp (NYSE Stock)
Monday, May 4, 2009: Quote: |
NEW YORK (Dow Jones)--Shares of coal companies jumped Monday after Goldman Sachs raised its coverage view on the companies to attractive from neutral, saying there are several reasons to buy coal stocks now. The analysts said in a note they believe expectations for China's economic growth will rise in coming months, which could improve sentiment and demand for coal. They also expect less coal-to-gas substitution during the summer months and see natural gas prices rising in the next six months, which should improve coal prices. The analysts said they expect U.S. coal inventories to peak in April "on a days of demand basis," and coal stocks are trading below historical multiples.
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05-04-2009, 02:48 PM
|  | Super Moderator | | Join Date: Jul 2007 Location: Cincinnati, Ohio
Posts: 6,785
| | re: PCX - Patriot Coal Corp (NYSE Stock)
Just did some DD on this....GREAT PLAY!
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05-07-2009, 06:15 PM
|  | Super Moderator | | Join Date: Nov 2007 Location: The Bean
Posts: 968
| | re: PCX - Patriot Coal Corp (NYSE Stock)
If anyone is still in this...I was reading on the yahoo boards that a member called into Cramer's madmoney today and asked about PCX. Itll air tonight at 5pm and 10pm central time.
Dunno if that member was telling the truth, but itd be interesting to see what that maniac thinks of PCX.
__________________  "Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game." -Donald Trump “We all have great inner power. The power is self-faith. There's really an attitude to winning. You have to see yourself winning before you win. And you have to be hungry. You have to want to conquer.” -Arnold Schwarzenegger |
05-07-2009, 06:51 PM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 984
| | re: PCX - Patriot Coal Corp (NYSE Stock)
Quote:
Originally Posted by Volatile22  Dunno if that member was telling the truth | I watched the entire lightening round and PCX did not come up Quote:
Originally Posted by Volatile22 itd be interesting to see what that maniac thinks of PCX. |  |
05-07-2009, 07:36 PM
| | Super Moderator | | Join Date: Nov 2007 Location: The Bean
Posts: 968
| | re: PCX - Patriot Coal Corp (NYSE Stock)
That poster must be full of crap then. Thanks gate for the update.
Either way PCX is up nicely in afterhours. Kind of looks like the Cramer effect.
__________________ "Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game." -Donald Trump “We all have great inner power. The power is self-faith. There's really an attitude to winning. You have to see yourself winning before you win. And you have to be hungry. You have to want to conquer.” -Arnold Schwarzenegger |
05-08-2009, 09:35 AM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 984
| | re: PCX - Patriot Coal Corp (NYSE Stock)
Patriot Coal downgraded to Neutral from Buy at UBS
UBS downgraded shares of selective coal stocks citing the recent rise in valuations. Target to $8.50 from $7.50. Quote: Other downgrades:
DRYS from Outperform to Perform
GNK from Buy to Hold
DNDN from Hold to Sell
Coal Stock Downgrades from Buy to Neutral by UBS:
MEE/PCX/JRCC/FCL/ACI
Briefing.com: Upgrades/Downgrades | Question is who is right: UBS or Goldman Sachs?
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05-08-2009, 01:42 PM
| | AMEX Stock | | Join Date: Dec 2007 Location: Salt Lake City Utah
Posts: 594
| | re: PCX - Patriot Coal Corp (NYSE Stock)
Up to 9.19!!!!
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05-12-2009, 08:28 AM
| | Once you go options you never go back! | | Join Date: Sep 2008 Location: Michigan
Posts: 984
| | re: PCX - Patriot Coal Corp (NYSE Stock)
This will be a very fun day for PCX and whole coal sector. PCX up to $9.50 bid, $9.60 ask and word hasn't spread yet. Hopefully we can finally smash through $10.... Quote:
May 12, 2009:
Alpha Natural Resources and Foundation Coal Holdings Announce Merger Plan; Will Create One of America's Largest Coal Producers
All-stock transaction valued at $2.0 billion -- 2008 pro forma revenues of $4.2 billion -- One of the strongest balance sheets and credit profiles in the industry. The combined company will be the third-largest coal producer in the U.S., with 2008 pro forma revenues of $4.2 billion. Alpha and Foundation together operate 59 coal mines and 14 preparation plants and in combination will have one of the most expansive geographic footprints in the industry, reserves of more than 2.3 billion tons of coal, and an attractive growth profile. The combined company's scale of operations, diverse revenue stream, free cash flow generation capability and management depth will provide a platform to compete successfully in today's market environment and capitalize on the projected future growth in coal demand. Alpha is a leading Eastern coal producer and the nation's largest supplier of metallurgical coal to the steel industry, operating 50 mines and 10 coal preparation plants in four states. Foundation is a diversified producer of thermal coal used by electric utilities, with 9 active mines, 4 preparation plants and coal reserves in Northern Appalachia, the Powder River Basin and Central Appalachia as well as reserves in the Illinois Basin.
Alpha Natural Resources - Alpha Natural Resources and Foundation Coal Holdings Announce Merger Plan; Will Create One of America's Largest Coal Producers | Pre-market ANR is down 1%, FCL is up 27%, ICO up 8.6%, PCX up 9.22%, JRCC up 7.9%, NCOC up 12%.
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