Fording Canadian Coal Trust (FDG.UN : TSX : $70.20), Net Change: 2.69, % Change: 3.98%, Volume: 594,287
Grande Cache Coal* (GCE : TSX : $6.98), Net Change: 0.51, % Change: 7.88%, Volume: 2,573,194
Western Canadian Coal* (WTN : TSX : $5.85), Net Change: 0.70, % Change: 13.59%, Volume: 5,364,523
4-3-2-1...Earth below us, drifting falling, floating weightless, calling calling home...Canadian coal stocks continue to run as
analysts expect coking coal prices to stay high for longer. Media reports are saying that some producers are demanding up to
$350/tonne this year, which is higher than the benchmark set by BHP Billiton (BHP). While some expect the Queensland
supply situation to return to normal through 2008. Others say infrastructure constraints both in Queensland and elsewhere
around the world should limit potential supply growth for at least the next two or three years. Canaccord Adams' benchmark
2008 coal-year contract price forecast is US$300/tonne for hard coking coal and US$245/tonne for ULV PCI coal. Under
"High" case commodity price assumptions there still remains significant upside to Canadian coal stocks from current levels.
