Karoon Gas, Incitec Pivot and Macarthur Coal - Winners of Week 41

Karoon Gas, Incitec Pivot and Macarthur Coal were the best performing stocks in their respective categories on the Australian sharemarket for week 41. Karoon Gas (KAR) was the overall winner of the week, shooting up 64 percent on the back of a broker's recommendation which said the company was worth between $20 to $40: the energy company closed the week at $3.70. The winner of the week for the ASX 100 index was Incitec Pivot (IPL) which managed to increase its value by 8.114 percent or $6.71 and closing the trading week at $89.41. On the other hand, ASX 200 winner Macarthur Coal (MCC) managed to put on 19.55 percent of value for its shareholders, or $1.21 closing at $7.40. Other notable gainers of the week were: Mt Gibson Iron ($2.45, increase of 11.36%); Cabcharge Australia ($11.05, increase of 11.17%), Aquarius Platinum ($41.32, increase of 9.6%) and Centro Retail ($1.71, increase of 8.9%). The Australian dollar at Friday close of business was US89.73 cents, gold was $747, All Ordinaries closed the week at 6760.1 and the ASX200 closed at 6748.9. Incitec Pivot was a previous winner of the week. Karoon Gas was also a previous winner. Read a previous recommendation for Macarthur Coal.

Karoon Gas Australia Limited is listed on the Australian Stock Exchange (ASX) under stock code KAR. You can view their investor website here. KAR was listed on the ASX on 8 June, 2004. Karoon Gas's core focus and strategy is to identify, explore and develop acreage that is highly prospective for oil and gas. Karoon currently has two focus areas, the Browse Basin and the Western Gippsland Basin. Incitec Pivot Limited is listed on the Australian Stock Exchange (ASX) under stock code IPL. You can view their investor website here. Incitec Pivot is a Fertilizer manufacturer and supplier and was listed on the ASX on 28 July, 2003. Incitec Pivot is a relatively new company, created by the merger of two of the powerhouses of the Australian fertiliser industry in June 2003. Its scale and production capacity was greatly increased in August 2006 with the purchase of Southern Cross Fertilisers, Australia's only manufacturers of MAP and DAP fertilisers. IPL supplies more than 50 per cent of Australia's agricultural plant nutrient needs. John Watson is the non-executive chairman of Incitec Pivot and Julian Segal is the Managing Director and CEO. Macarthur Coal Limited is listed on the Australian Stock Exchange (ASX) under stock code MCC. You can view their investor website here. MCC was listed on the ASX on 5 July, 2001. Keith De Lacy is the Chairman for Macarthur Coal and Nicole Hollows is the CEO. Macarthur Coal is involved in exploration, development and mining activities in Queensland's Bowen Basin. The company's corporate headquarters is located in Brisbane. Macarthur Coal's principal product is low volatile pulverized coal injection coal (PCI coal) for use in the production of steel. Macarthur Coal is a key supplier of low volatile PCI coal to the steel mills of Asia, Europe and the Americas, providing approximately 44 percent of the low volatile PCI coal exported from Australia.