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Western Coal Corp (TSX/LON WTN) Updated May 15, 2009
Western Coal Corp. currently has one operating coal mine (Dillon),two large mine projects in the design and development phase (Wolverine and Brule), and a 50% interest in a joint venture having two additional multi-deposit coal properties (Belcourt and Saxon). All of Western's mine development activities, and those of the joint venture, are located on northeastern British Columbia's coal fields.
Recent News: Western Coal Enters Into Exclusive Negotiations For Potential Business Combination With Walter Energy
Western Coal Net Income Up 18-fold on 105% Revenue Growth in Fiscal Second Quarter 2011
Western Coal Announces Intention to Redeem Convertible Debentures
Western Coal Announces Sales Update and Fiscal 2011 Operating Plans
Western Canadian Coal Announces Fiscal Second Quarter 2010 Results
Cliff Hale-Sanders............Cormark …Nov 19, 2010 Downgraded to MARKET PERFORM from TOP PICK Target raised to $11.50 from $10.00 WTN Price day before:$10.85Finish day posting$10.76Current $10.76 ------Sept 24, 2010------- Target raised to $10.00 from $9.00 (Target Hit Nov 18, 2010) WTN Price day before:$5.18Finish day posting$5.43Current $10.76 -------Mar 17, 2010------ Upgraded to TOP PICK from BUY Target raised to $7.00 from $6.10 (Target Hit Oct 21, 2010) WTN Price day before:$4.77Finish day posting$5.13Current $10.76 --------Feb 18, 2010------ Target raised to $6.10 from $4.50 (Target Hit Mar 25, 2010) WTN Price day before:$3.88Finish day posting$3.86Current $10.76 ------Feb 11, 2010------- Target raised to $4.50 from $4.10 (Target Hit Mar 15, 2010) WTN Price day before:$3.58Finish day posting$3.70Current $10.76 ************ Meredith Bandy ............BMO Capital Markets …Nov 19, 2010 Maintained MARKET PERFORM Target raised to $11.50 from $6.00 WTN Price day before:$10.85Finish day posting$10.76Current $10.76 ------July 15, 2010--------- New MARKET PERFORM Target $5.00 (Target Hit Sept 13, 2010) WTN Price day before:$4.23Finish day posting$4.14Current $10.76 ************ Jackie Przybylowski …Nov 19, 2010 Downgraded to SECTOR PERFORM from OUTPERFORM Target raised to $11.50 from $10.50 WTN Price day before:$10.85Finish day posting$10.76Current $10.76 ------Nov 18, 2010------ Maintained OUTPERFORM Target raised to $10.50 from $9.50 WTN Price day before:$7.38Finish day posting$10.85Current $10.76 ------Nov 12, 2010---- Maintained OUTPERFORM Target reduced to $9.50 from $10.50 (Target Hit Nov 18, 2010) WTN Price day before:$7.76Finish day posting$7.27Current $10.76 --------Oct 05, 2010----- Maintained OUTPERFORM Target raised to $10.50 from $7.50 WTN Price day before:$6.05Finish day posting$6.47Current $10.76 -----July 29, 2010----- Maintained OUTPERFORM Target reduced to $7.50 from $7.75 (Target Hit Nov 05, 2010) WTN Price day before:$4.15Finish day posting$4.28Current $10.76 ------May 07, 2010------- New OUTPERFORM Target $7.75 WTN Price day before:$5.20Finish day posting$5.30Current $10.76 ************ Alec Kodatsky …CIBC World Markets...Nov 19, 2010 Downgraded to SECTOR PERFORM from OUTPERFORM Target raised to $11.50 from $9.00 WTN Price day before:$10.85Finish day posting$10.76Current $10.76 -----Nov 12, 2010----- Maintained OUTPERFORM Target raised to $9.00 from $8.00 (Target Hit Nov 18, 2010) WTN Price day before:$7.76Finish day posting$7.27Current $10.76 ------Oct 13, 2010------ Maintained OUTPERFORM Target raised to $8.00 from $7.50 (Target Hit Nov 09, 2010) WTN Price day before:$6.68Finish day posting$6.70Current $10.76 ------Sept 23, 2010---- New OUTPERFORM Target $7.50 (Target Hit Nov 05, 2010) WTN Price day before:$5.14Finish day posting$5.18Current $10.76 ************ Mike Plaster ............Salman Partners ….Nov 19, 2010 Downgraded to HOLD from BUY Target raised to $11.50 from $9.00 WTN Price day before:$10.85Finish day posting$10.76Current $10.76 ------Nov 12, 2010------- Target raised to $9.00 from $8.00 (Target Hit Nov 18, 2010) WTN Price day before:$7.76Finish day posting$7.27Current $10.76 ------Oct 08, 2010------ Target raised to $8.00 from $7.50 (Target Hit Nov 09, 2010) WTN Price day before:$6.05Finish day posting$6.47Current $10.76 -------Aug 05, 2010---- Target reduced to $7.50 from $8.00 (Target Hit Nov 05, 2010) WTN Price day before:$4.16Finish day posting$4.07Current $10.76 ------Apr 13, 2010----- Target raised to $8.40 from $6.50 WTN Price day before:$6.28Finish day posting$6.33Current $10.76 --------Mar 17, 2010------- Target raised to $6.50 from $5.50 (Target Hit Apr 14, 2010) WTN Price day before:$4.77Finish day posting$5.13Current $10.76 ------Mar 08, 2010------ Target raised to $5.50 from $4.65 (Target Hit Mar 23, 2010) WTN Price day before:$4.17Finish day posting$4.25Current $10.76 -----Feb 11, 2010-------- Target raised to $4.65 from $4.00 (Target Hit Mar 16, 2010) WTN Price day before:$3.70Finish day posting$3.71Current $10.76 ------Aug 21, 2009----- Target raised to $3.60 from $3.20 (Target Hit Jan 04, 2010) WTN Price day before:$2.88Finish day posting$3.18Current $10.76 ------July 03, 2008------- Upgraded to BUY from HOLD WTN Price day before:$8.00Finish day posting$7.50Current $10.76 ************ Gary Lampard ............Canaccord/Adams …Nov 19, 2010 Downgraded to HOLD from BUY Target raised to $11.50 from $8.70 WTN Price day before:$10.85Finish day posting$10.76Current $10.76 -------Nov 12, 2010------- Maintained BUY Target raised to $8.70 from $7.90 (Target Hit Nov 18, 2010) WTN Price day before:$7.76Finish day posting$7.27Current $10.76 ------Aug 05, 2010----- Maintained BUY Target reduced to $7.50 from $7.80 (Target Hit Nov 05, 2010) WTN Price day before:$4.16Finish day posting$4.07Current $10.76 -------July 12, 2010------ Maintained BUY Target raised to $7.80 from $7.70 WTN Price day before:$4.22Finish day posting$4.15Current $10.76 -------Mar 29, 2010----- Maintained BUY Target raised to $7.70 from $7.00 WTN Price day before:$5.90Finish day posting$6.12Current $10.76 ------Mar 17, 2010--------- Maintained BUY Target raised to $7.00 from $6.00 (Target Hit Oct 21, 2010) WTN Price day before:$4.77Finish day posting$5.13Current $10.76 --------Mar 08, 2010------ Maintained BUY Target raised to $6.00 from $4.75 (Target Hit Mar 25, 2010) WTN Price day before:$4.17Finish day posting$4.25Current $10.76 -------Nov 23, 2009------ Maintained HOLD Target reduced to $3.70 from $3.85 (Target Hit Jan 04, 2010) WTN Price day before:$2.77Finish day posting$2.75Current $10.76 -------Sept 25, 2009--------- Maintained HOLD Target $3.20 WTN Price day before:$3.07Finish day posting$2.87Current $10.76 ---------Apr 29, 2009--------- Maintained HOLD Target raised to $0.90 from $0.75 (Target Hit) WTN Price day before:$0.79Finish day posting$1.00Current $10.76 ---------.Jan 30, 2009--------- Maintained HOLD Target reduced to $0.58 from $0.67 (Target Hit) WTN Price day before:$0.54Finish day posting$0.54Current $10.76 -----Jan 12, 2008----- Downgraded to HOLD from BUY Target reduced to $0.67 from $1.35 WTN Price day before:$0.62Finish day posting$0.56Current $10.76 -------Nov 17, 2008----------- Maintained BUY Target reduced to $1.50 from $3.95 WTN Price day before:$0.90Finish day posting$0.81Current $10.76 -------Aug 15, 2008------- Maintained BUY Target reduced to $9.50 from $10.25 WTN Price day before:$6.56Finish day posting$6.77Current $10.76 ----------July 15, 2008------ Upgraded to BUY from SPECULATIVE BUY Target reduced to $10.25 from $12.25 WTN Price day before:$7.51Finish day posting$7.31Current $10.76 ---------June 23, 2008--------- Downgraded to SPECULATIVE BUY from BUY Target raised to $12.25 WTN Price day before:$10.80Finish day posting$10.80Current $10.76 *********** Chris Lichtenheldt............UBS ….Oct 19, 2010 Maintained BUY Target raised to $8.35 from $5.30 (Target Hit Nov 18, 2010) WTN Price day before:$6.24Finish day posting$5.97Current $10.76 --------Aug 05, 2010--- Maintained BUY Target reduced to $5.30 from $5.90 (Target Hit Sept 17, 2010) WTN Price day before:$4.16Finish day posting$4.07Current $10.76 -----Apr 13, 2010----- Maintained BUY Target raised to $7.00 from $5.50 WTN Price day before:$6.28Finish day posting$6.33Current $10.76 ------Mar 17, 2010----- Target raised to $5.50 from $5.00 (Target Hit Mar 23, 2010) WTN Price day before:$4.77Finish day posting$5.13Current $10.76 ********* Robin Kozar...........RBC Capital Markets …Oct 08, 2010 Maintained OUTPERFORM Target raised to $8.00 from $7.50 (Target Hit Nov 18, 2010) WTN Price day before:$6.05Finish day posting$6.47Current $10.76 -------Mar 17, 2010-------- Maintained OUTPERFORM Target raised to $7.00 from $6.00 (Target Hit Oct 21, 2010) WTN Price day before:$4.77Finish day posting$5.13Current $10.76 -----Mar 15, 2010-------- New OUTPERFORM Target $6.00 (Target Hit Mar 25, 2010) WTN Price day before:$4.26Finish day posting$4.53Current $10.76 ********* David Davidson …Paradigm.......Nov 19, 2010 Downgraded to HOLD from BUY WTN Price day before:$10.85Finish day posting$10.76Current $10.76 ------Oct 08, 2010--------- Maintained BUY Target raised to $7.75 from $7.00 (Target Hit Nov 05, 2010) WTN Price day before:$6.05Finish day posting$6.47Current $10.76 ------Mar 18, 2010------- Target raised to $7.00 from $5.25 (Target Hit Oct 21, 2010) WTN Price day before:$5.13Finish day posting$5.11Current $10.76 ********** ............Genuity Capital Markets …Feb 11, 2010 Target raised to $4.75 from $4.60 (Target Hit Mar 16, 2010) WTN Price day before:$3.58Finish day posting$3.70Current $10.76 ************ Jacques Wortman ............GMP ….Oct 23, 2008 Maintained BUY Target reduced to $4.35 from $9.25 WTN Price day before:$1.81Finish day posting$1.38Current $10.76 ------Aug 14, 2008------- Maintained BUY Target reduced to $9.25 from $10.55 WTN Price day before:$6.79Finish day posting$6.56Current $10.76 ------July 15, 2008----- Upgraded to BUY from REDUCE Target raised to $10.55 from $9.10 WTN Price day before:$6.75Finish day posting$6.70Current $10.76 *********** Jacob Willoughby …Paradigm.......Sept 11, 2008 New BUY Target $11.00 WTN Price day before:$4.30Finish day posting$4.42Current $10.76 **********
Western Coal Short Positions TSX Date Outstanding Price Range Nov 01 to 15 2010 4.22million $8.14 to $6.90 Oct 16 to 31 2010 4.29million $7.27 to $5.94 Oct 01 to 15 2010 4.53million $6.19 to $5.85 Sept 16 to 30 2010 4,300,288 $5.92 to $4.76 Sept 01 to 15 2010 3,187,520 $5.17 to $4.15 Aug 16 to 31 2010 1,232,030 $4.04 to $3.47 Aug 01 to 15 2010 1.36million $4.43 to $3.81 July 16 to 31 2010 1.31million $4.40 to $3.76 July 01 to 15 2010 1.11million $4.32 to $3.51 June 16 to 30 2010 942,146 $5.05 to $4.08 June 01 to 15, 2010 971,136 $5.29 to $4.23 May 16 to 31, 2010 5,059,116 $5.46 to $4.11 May 01 to 15, 2010 5,777,848 $5.93 to $4.99 Apr 16 to 30, 2010 4,729,392 $6.97 to $5.82 Apr 01 to 15, 2010 5,119,760 $6.94 to $6.03 Mar 16 to 31, 2010 4,062,599 $6.34 to $4.66 Mar 01 to 15, 2010 1,229,011 $4.53 to $3.77 Feb 16 to 28, 2010 489,911 $4.03 to $3.58 Feb 01 to 15, 2010 734,348 $3.75 to $2.96 Jan 16 to 31, 2010 1,025,265 $4.04 to $3.31 Jan 01 to 15, 2010 696,978 $4.42 to $3.33 Dec 16 to 31, 2009 730,406 $3.39 to $3.02 Dec 01 to 15, 2009 967,049 $3.14 to $2.02 Nov 16 to 30, 2009 1,051,296 $2.85 to $2.47 Nov 02 to 13, 2009 270,543 $3.00 to $2.57 Oct 16 to 30, 2009 1,379,670 $3.33 to $2.72 Oct 01 to 15, 2009 236,111 $3.27 to $2.62 Sept 16 to 30, 2009 337,025 $3.44 to $2.83 Sept 01 to 15, 2009 412,902 $3.09 to $2.32 Aug 17 to 31, 2009 348,700 $3.32 to $2.58 Aug 04 to 14, 2009 2,960,126 $3.67 to $2.80 July 16 to 31, 2009 1,095,020 $3.07 to $1.94 July 02 to 15, 2009 2,885,144 $2.00 to $1.44 June 16 to 30, 2009 3,479,306 $2.20 to $1.55 June 01 to 15, 2009 3,167,641 $2.43 to $1.52 May 16 to 29, 2009 1,075,060 $1.69 to $1.28 May 01 to 15, 2009 791,858 $1.60 to $1.20 Apr 16 to 30, 2009 466,151 $1.70 to $0.71 Apr 01 to 15, 2009 336,202 $0.83 to $0.66 Mar 16 to 31, 2009 109,968 $0.92 to $0.42 Mar 13, 2009 168,876 $0.48 to $0.36 Feb 27, 2009 509,935 $0.57 to $0.47 Feb 13, 2009 214,173 $0.67 to $0.51 Jan 31, 2009 605,118 $0.63 to $0.50 Jan 15, 2009 598,400 $1.19 to $0.50 Dec 31, 2008 601,415 $0.79 to $0.55 Dec 15, 2008 2,145,255 $0.72 to $0.51 Nov 28, 2008 1,833,927 $0.92 to $0.43 Nov 14, 2008 858,537 $1.95 to $0.88 Oct 31, 2008 757,884 $2.30 to $1.06 Oct 15, 2008 1,001,580 $3.86 to $1.80 Sept 30, 2008 3,556,069 $5.25 to $2.95 Sept 15, 2008 3,406,591 $6.12 to $3.71
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