KAL Energy, Inc. (OTCBB: KALG) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company recently issued a press release announcing that a well-respected firm, TRI-STATE Capital (TSC), has initiated a new upgraded rating on KALG to "Outperfom," and raising its 12-month target price from $3.30 to $4.00.
Great news for KALG investors! The company has found a new coal seam on one of their concessions. This new seam was discovered during the company's $2 million drill program. The new seam is approximately 1.5 meters thick, with the extent and quality to be determined by further drilling. Management plans to complete Phase I of drilling by the second quarter of 2007.
This is certainly another company for investors to watch closely! KAL Energy's wholly owned subsidiary Thatcher Mining Pte. has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O'Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton.
Continue to watch this company. TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. The entire independent, original research report is available through the profile below.
KALG Stock is up over 22% this week and on much higher than usual volume. The stock closed Tuesday at $1.36, setting a new 52-week high!
For Stock Market Alert's in-depth profile of KAL Energy, visit http://www.WallStreetENews.com/HotStocks/KALG042407/default.aspx
KAL Energy's wholly owned subsidiary Thatcher Mining Pte. has the rights to several coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets.
Other Stocks of interest yesterday were:
Schlumberger Limited (NYSE: SLB) up 0.3% on 8.4 million shares traded. Schlumberger is the world's leading oilfield services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customers working in the oil and gas industry.
Grant Prideco, Inc. (NYSE: GRP) up 3.5% on 4.7 million shares traded. Grant Prideco, headquartered in Houston, Texas, is the world leader in drill stem technology development and drill pipe manufacturing, sales and service; a global leader in drill bit technology, manufacturing, sales and service; and a leading provider of high-performance engineered connections and premium tubular products and services.
Arch Coal, Inc. (NYSE: ACI) down 0.2% on 3.7 million shares traded. St. Louis-based Arch Coal is one of the nation's largest coal producers. The company's core business is providing U.S. power generators with clean-burning, low-sulfur coal for electric generation. Through its national network of mines, Arch supplies the fuel for approximately 6 percent of the electricity generated in the United States.
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for KAL Energy (OTCBB: KALG). The compensation was fifteen thousand dollars in 2007 from third party, Onyx Consulting Group LLC, who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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