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Friday, November 19, 2010 11:37:23 AM
Recently the board of directors of Massey Energy formed a committee to consider options for the company, which could include sale of the firm or remaining independent. Stifel Nicolaus & Co. analyst Paul Massoud noted that the coal miner could draw a price of $62 a share in a hypothetical offer by Cliffs Natural Resources Inc. Massoud thinks Cliffs would be interested to expand in central Appalachian coal development, and has said it would "consider opportunities."
This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My track record is real time @TurnKeyOil
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