Peabody shares rise as oil spikes and Analyst Reports for Eldorado Gold Corporation, Central Fund of Canada Limited, Minefinders Corporation Ltd and Fronteer Development Group Inc.
City of Industry, CA --(www.USEquityNews.com)-- 08/20/2008 - Uranium Exploration industry alert provided by U.S. Equity News. Peabody Energy Corp. (NYSE: BTU) shares rose Tuesday with a spike in oil prices and as a credit agency said its outlook for the coal producer's ratings is stable. Fitch Ratings, in a report late Monday, cited Peabody's "well-diversified operations, good control of low-cost production, strong liquidity and moderate leverage." Shares rose 7.6 percent, or $4.36, to end at $61.45. Fitch's issuer default rating, senior unsecured note rating and senior unsecured credit and term loan rating for Peabody stand at 'BB+,' one notch below investment grade. Its rating on the company's convertible junior subordinated debentures is 'BB-.'
U.S. Energy Corp. (``USE'') (NASDAQ: USEG), a natural resources exploration and development company with interests in molybdenum, uranium, oil and gas, gold, and real estate, today announced that it has entered into a definitive Exploration, Development and Mine Operating Agreement for its Lucky Jack molybdenum property, located in Gunnison County, Colorado, with Thompson Creek Metals Company Inc., one of the world's largest publicly traded, pure molybdenum producers. Under the terms of the agreement, which are valued at up to $400 million, Thompson Creek has the right to earn up to a 75% interest in the project. ``Securing a partnership with a global leader like Thompson Creek provides significant validation of both the Lucky Jack project and our strategy to realize value from this asset over the long-term,'' said Mark Larsen, President of U.S. Energy Corp.
MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for Eldorado Gold Corporation (AMEX: EGO), Central Fund of Canada Limited, Minefinders Corporation Ltd., and Fronteer Development Group Inc. should take this opportunity to get free in-depth research by signing up for a free membership at www.maybachfinancial.com.
Strongbow Resources, Inc. (OTCBB: STBR), a uranium exploration and development company, through its CEO Darren Hayes, recently announced that it has entered into a Memorandum of Understanding with Holloman Minerals, Ltd. of Perth, Australia to Farm-in up to 98% of seven (7) exploration license areas in the Frome Embayment near Lake Callabonna in South Australia covering an area of approximately 3,792 square kilometers (937,000 acres) known as the Cameron's Corner Palaeochannel Project (CCP Project). All of these areas are considered to be prospective for uranium and will form the basis for exploration activities. The Company's initial focus will be to explore the CCP Project Area by stages. The first stage will be an airborne electromagnetic survey to map channels and structure throughout the region with infill in the areas where channels or structure are indicated from previous work. Based on the results from this airborne survey and interpretation of existing data, the Company expects to target favorable structural belts and channels for follow up drilling. For a full report visit www.stocksjournal.com
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