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Stock Market & Financial Investment News

News Breaks
December 31, 2012
10:58 EDTCNX, ACI, BHP, BTUShipping data show India cut in coal imports in November, Bloomberg says
Citing Interocean Group, an India based ship broker that provided the information, Bloomberg says India cut coal imports in November by 13% to 11.6M metric tons. Reference Link
News For ACI;BTU;BHP;CNX From The Last 14 Days
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December 21, 2014
19:22 EDTBHPFalling commodity prices, valuations may spur rebound in mining deals, FT says
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December 17, 2014
11:29 EDTACI, BTU, CNXJoy Global sees U.S coal market to be challenged in 2015
Joy Global says U.S. coal exports are likely to decline this year. Falling gas prices attributable to warmer weather will result in a switch to gas for electricity production. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
December 15, 2014
09:31 EDTBHPRio, BHP looking to raise copper output, Reuters says
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08:34 EDTBHPBHP Billiton downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital downgraded BHP Billiton as the firm believes that the outlook for the company's cash flow metrics is weaker than its peers. The firm questions the timing of the company's South32 spin off and Four Pillars initiative, given potential structural issues affecting iron ore and oil.
December 11, 2014
08:46 EDTCNXCONSOL should be bought at current levels, says Sterne Agee
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08:38 EDTCNXCONSOL MLP could add $3-$9 per share, says FBR Capital
FBR Capital believes a thermal coal master limited partnership could potentially add $3 to $9 of share value to CONSOL. FBR values the company's thermal coal assets at around $4.1B. It keeps an Outperform rating on CONSOL after the company announced plans to pursue the creation of an MLP.
08:16 EDTBHPBHP sees potash as focus for growth in China, WSJ reports
Mining giant BHP Billiton said it is focusing on potash as an area of strategic growth in China, with Mike Henry, a president for BHP saying potash "can be our fifth pillar, adding to the four key markets of iron ore, oil and natural gas, copper and coal that the company had identified previously, reported The Wall Street Journal. Other publicly traded companies in the potash space include Agrium (AGU), Intrepid Potash (IPI), Mosaic (MOS), Potash (POT). Reference Link
December 10, 2014
16:39 EDTCNXCONSOL sees transactions achieving four objectives
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16:37 EDTCNXCONSOL announces $250M share repurchase program
CONSOL Energy announced that its board has approved a two-year share repurchase program of up to $250M.
16:36 EDTCNXCONSOL board authorizes management to pursue MLP formation
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15:08 EDTBHPFollow-up: BHP Billiton upgraded at CLSA
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15:05 EDTBHP, BHPBHP Billiton upgraded to Buy from Outperform at CLSA
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December 9, 2014
10:09 EDTCNXCONSOL management to meet with FBR Capital
Meeting to be held in Kansas City on December 11 hosted by FBR Capital.
December 8, 2014
07:26 EDTBTUPeabody still sees FY14 coal sales volumes 245M-255M tons
Peabody Energy Corporation said in a filing that it reaffirms its prior guidance regarding 2014 coal sales volumes, U.S. revenues per ton, operating costs and expenses per ton and capital spending. Specifically, Peabody continues to target full-year 2014 sales volumes of 245 to 255 million tons, including U.S. sales of 185 to 190 million tons and Australian sales of 36 to 38 million tons. Peabody's targeted 2014 Australian sales volumes include 16 to 17 million tons of metallurgical coal and 12 to 13 million tons of seaborne thermal coal. In the U.S., Peabody continues to project a 2% to 4% decrease in revenues per ton compared to the prior year. Peabody also continues to expect a 1% to 3% decrease in its U.S. operating costs and expenses per ton in 2014 compared to the prior year and 2014 Australian operating costs and expenses of approximately $70 per ton, in addition to 2014 capital spending levels of $200M-$220M.
06:59 EDTCNXCONSOL removed from short-term buy list at Deutsche Bank
Deutsche Bank removed CONSOL from the short-term buy list due to an automatic six month demotion.
06:11 EDTBHPBHP Billiton says new company to be called South32
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