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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (41859)	3/18/2011 8:26:27 PM
From: E_K_S	Read Replies (2) of 78714

RE: Penn Virginia Resource Partners(NYSE: PVR ) PVR is the new PVG after all the share conversion. I bought this to produce income for my IRA but have no idea what the UBTI will be in 2011. I have two MLP's in the IRA (DPM & PVR). Coal is seen as a value fuel and I have noticed that CONSOL Energy Inc. (CNX) also was moving higher (they own coal & NG). I own an equivalent amount of PVR in the taxable account so there is no UBTI issue. Long term I think coal is a legacy dirty fuel. I do like PVR's midstream business and this was the main reason for my initial buy. So what's your view on coal and do you think it is still seen as an undervalued fuel or could this be seen as a windfall move for coal and NG will end up as the fuel of choice? I started to explore coal about 8 months ago as my BHP holding had all sorts of commodity mineral assets but lacked any significant amount of coal reserves. There is a rumor that BHP is ready to buy some energy assets and has been looking at U.S. shale and/or coal reserves. Do you think coal is now a "value" energy resource and longer term could move higher? EKS

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