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Steps in the Right Direction - Featured Research on Cliffs Natural Resources Inc and Plains Exploration & Production Company

ID: 1058946

(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/21/11 -- Today, introduced featured coverage of Cliffs Natural Resources Inc (NYSE: CLF) and Plains Exploration & Production Company (NYSE: PXP). Full research reports are available to readers at: .

With the European Financial Stability Facility set to increase to $1.4 trillion, it marks a significant move forward to strengthen the safety net in place for Europe's most troubled countries. Private bondholders of Greek debt are settling at a 50% haircut as another $180 billion in fresh aid is set to arrive, enabling banks to recapitalize at a healthy 9% reserve. Overall, these measures will bring Greece's debt burden down to 120% of GDP by 2020. An important consideration is political commitment to this road map. Currently the global community appears to be on point with ECB's initiative, an outlook that should be sufficient to support markets around current levels.

Bollinger Report screened and selected Cliffs Natural Resources Inc for its current position within the basic materials industry. Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is a producer of iron ore pellets in North America and metallurgical coal, and a supplier of direct-shipping lump and fines iron ore out of Australia. A copy of this report featuring Cliffs Natural Resources Inc (NYSE: CLF) is available at: .

Bollinger Report is featuring Plains Exploration & Production Company for its changing role within the basic materials industry. Plains Exploration & Production Company (PXP) is an independent oil and gas company engaged in the upstream oil and gas business. The upstream business acquires, develops, explores for and produces oil and gas. Its upstream activities are located in the United States. To download researches and analysis on Plains Exploration & Production Company (NYSE: PXP) we welcome investors to visit: .

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Bereitgestellt von Benutzer: MARKET WIRE
Datum: 21.11.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 1058946
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