StockGuru News: KAL Energy, Inc. — 42% Increase in Coal Price Forecast, Positive Country Outlook Boosts KAL Energy, Inc.
42% Increase in Coal Price Forecast, Positive Country Outlook Boosts KAL Energy, Inc. KAL Energy Inc. (OTCBB: KALG) LONDON–(MARKET WIRE)–Apr 27, 2007 — KAL Energy, Inc. (OTC BB:KALG.OB - News) (Frankfurt:D9T.F - News) is pleased to report a recent Bloomberg article published in the Jakarta Post on April 23rd quoted Dr. Mark Mobius, who oversees US$30 billion for Templeton Asset Management Ltd., saying that, “Asian coal prices may surge 42 percent in five years.” The article stated also quoted Deutsche Bank, Europe’s biggest investment bank by revenue, saying, “The prospect of China being a net importer of thermal coal as…