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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (45751)	12/1/2011 8:57:28 PM
From: E_K_S	Read Replies (2) of 78790

With the new "resource tax" by Brazil and now Australia, CNX's U.S. coal reserves should benefit by having a net lower price (especially Australian coal). However, Suncor Energy owns a lot energy resource located in Canada which should also benefit from a "no resource tax". I am not sure how it will all eventually play out so I am now willing to own more Canadian resource companies which before last week I had them in my sell bucket. On the next run higher on CNX, I may peel off some of the shares and put them into Suncor Energy. I have been looking at it and I agree with you they have a lot of reserves that have a lot of value. EKS

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