PCX Patriot Coal Corp.

In recent months the Industrial Metals & Minerals Industry has become a hotbed of Merger and Acquisition activity. As companies get larger and experience diminishing returns in their core business, they are showing their willingness to utilize their large resource pools to acquire smaller companies in a race to diversify themselves. Given the limited opportunities for meaningful acquisitions, the companies in stronger financial positions, and the willingness to act, stand to gain the most from such activities. The Bedford Report examines the outlook for companies in the Industrial Metals & Minerals Industry and provides research reports on Massey Energy Co. (NYSE: MEE) and Patriot Coal Corporation (NYSE: PCX). Access to the full company reports can be found at:

www.bedfordreport.com/2010-10-MEE

www.bedfordreport.com/2010-10-PCX

Last week, The Wall Street Journal reported in an article that the board of directors of Massey Energy formed a committee to consider options for the company, which could include sale of the firm or remaining independent. This week, Stifel Nicolaus & Co. analyst Paul Massoud speculated that the coal miner could draw a price of $62 a share in a hypothetical offer by Cliffs Natural Resources Inc. Massoud believes Cliffs would be interested to expand in central Appalachian coal development, and has said it would "consider opportunities."

The Bedford Report releases regular market updates on the Industrial Metals & Minerals Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

The Wall Street Journal report also mentioned that an acquisition of another company could be another option for Massey. Way back in March, there was speculation that Patriot Coal could be acquired by Massey Energy, but those rumours died down in April after a tragic mine blast at Massey Energy's Upper Big Branch Mine in West Virginia killed 29 miners.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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