Sakari   

World Power station demand boosts coal profits

ALL ENERGY RELATED STOCKS IN GREEN FROM DOW & NYSE

                                                       

 

 

take a minute and check this out you willnot be dissapointed http://www.eia.doe.gov/emeu/internat...coalprice.html

 

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OIL has reach to as high as $75 a barrel due to short supply in US. All oil and energy ( commodoties ) stocks were all up in NYEx and Dow. I personally think that the BB will come in soon......if this stock has both oil and coal power...maybe high possibility bb will push up this baby (staitsasia) price to 1.65 up 23 cents in a day. This stock can move up ferociously... support well at 1.41 . Japan and South Korea giving up their nuclear power...they need more coal as other alternatives to generate power ( cheapest way is from burning coal) Think about it ....this baby will not dissapoint..... my fair value 1.70

 

World Power station demand boosts coal profits
UK Coal recently announced that 2006 saw the highest levels of coal burnt in the production of electricity in the last 10 years. This greatly aided UK Coal, the UK 's largest producer, to return to profit in 2006; UK coal reported a pre-tax profit of £17.6 million compared to a loss of £32.8 million in 2005. Coal is now responsible for 41% of energy generation in the UK . This consumed 58 million tonnes last year, 8.8 million tonnes of which is supplied by UK coal, 90% of its total output. The closure of two deep mines and the sale of Maltby colliery, North Yorkshire , have also aided UK Coal's financial position.
Shareholders in the UK- and Dutch-owned steel makers Corus overwhelmingly approved the takeover bid by Indian-owned Tata Steel. At the general meeting held on March the 7 th more then 97% of shareholders voted to accept Tata's proposed 608p per share. Tata Steel, state that ?the acquisition is not about job losses? and that they are now trying to align themselves with Corus by buying into coal and iron ore producers to meet their new needs. There is some speculation, however, that parts of the Corus business could be sold off to pay for the acquisition; a contender for this being the S****horpe rail and section works. Corus is a major manufacturer, employing 24 000 in the UK with operations in Port Talbot, S****horpe, Newport , Corby, Redcar, York , Deeside, Wolverhampton and Rotherham . The takeover will make Tata Steel the 5 th largest steel group in the world, increasing Tata's production to 25 million tonnes a year.
Sources: http://news.bbc.co.uk/1/hi/business/6428411.stm and Metal Bulletin 12/3/07