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August 3, 2014
16:09 EDTCLD, ARLP, WLT, ANR, BTU, CNX, ACITwelve states sue EPA on proposed coal plant emissions rule, Bloomberg says
West Virginia is leading a 12 state lawsuit filed against the Environmental Protection Agency aiming to block a proposed rule that would limit carbon dioxide emissions from coal-fired power plants, says Bloomberg. Publicly traded companies in the space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
News For ACI;ANR;ARLP;CNX;WLT;CLD;BTU From The Last 14 Days
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May 29, 2015
15:54 EDTBTUPeabody remains secondarily liable for certain Patriot black lung liabilities
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12:03 EDTANRAlpha Natural exploring options after flawed self-bonding notice in Wyoming
Alpha Natural and its operating affiliate, Alpha Coal West, have been notified by the Wyoming Department of Environmental Quality's Land Quality Division that the LQD believes the companies "no longer qualify under the self-bonding program" in the State. Alpha disagrees with LQD's assessment, continues to believe it has fully complied with the regulations, and is currently reviewing all options to reverse or rectify this flawed judgment by the LQD. According to the LQD's notification, Alpha now has 90 days to provide substitute bonding. Alpha estimates that self-bonding by coal companies currently operating in Wyoming totals approximately $2 billion, of which Alpha's share is just over $400M.
09:30 EDTANR, ACICredit Suisse said 2H looking like a 'win-win' for US steel equities
Credit Suisse said 2H 2015 is looking like a "win-win" for U.S. steel equities. The firm assumes favorable outcomes in proposed congressional legislation redefining injury in anti-dumping trade cases, a trade case filing, and an end to market restock cycle. Credit Suisse continues to favor U.S. Steel (X) given its leverage to the trade case story and said the entire sector will benefit if 2H plays out as expected. Firm said Reliance Steel (RS), Worthington (WOR), and Olympic Steel (ZEUS) are leveraged to a drop in import volumes and raw materially suppliers Cliffs Natural (CLF), Arch Coal (ACI), and Alpha Natural (ANR) should benefit from production increases in domestic Blast Furnace given less import competition.
May 26, 2015
09:58 EDTBTU, CLD, ACIOn The Fly: Analyst Initiation Summary
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07:24 EDTCLDCloud Peak initiated with an Outperform at Credit Suisse
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07:24 EDTANRAlpha Natural initiated with an Underperform at Credit Suisse
Target $.50.
07:24 EDTACIArch Coal initiated with an Underperform at Credit Suisse
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07:24 EDTBTUPeabody initiated with a Neutral at Credit Suisse
Target $4.50.
May 22, 2015
18:39 EDTACIArch Coal hires advisers to help decrease debt load, WSJ reports
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13:01 EDTANRAlpha Natural affiliates to downsize central Appalachian mining operations
Operating affiliates of Alpha Natural have notified employees of the expected idling of the mining and processing operations where they work. In accordance with requirements of the Worker Adjustment and Retraining Notification Act, notices were given today to 439 employees at Rockspring Development's Camp Creek Underground Mine and Processing Plant in Wayne County, West Virginia, regarding the expected idling of those facilities based on the mine operator's current assessment of market conditions. Additionally, three other Alpha-affiliated mine operators announced last week that reductions in force were taking place at their locations due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian coal industry. A total of 71 employees were impacted. These actions are being triggered by persistent weakness in U.S. and overseas coal demand and depressed price levels, along with government regulations that are causing electric utilities to close existing coal-fired power plants and forego construction of new coal-fired capacity. Excess supply of coal worldwide also has contributed to sustained price weakness.
May 20, 2015
13:07 EDTANRAlpha Natural downgraded to Underperform from In-Line at Imperial Capital
Imperial Capital downgraded Alpha Natural to Underperform and reduced its price target to 40c from $1.50. The firm said Alpha can no longer access $750M in first lien basket now that the latest 12 month 1L secured leverage is greater than 2X and downgraded shares due to the significant deterioration in outlook.
May 18, 2015
09:36 EDTBTUActive equity options trading on open
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