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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:04 EDTARLP, WLT, ACI, BTU, ANR, CNX, CLDArch Coal bonds may be better bet than stock, WSJ says
Arch Coal (ACI) common stock may tempt value-minded investors following its decline of over 80% in the last three years, but its bonds may be a better bet, according to The Wall Street Journal's "Heard on the Street" column. Arch's 7% unsecured senior notes due in 2019 trade at a spread over comparable Treasurys of almost 12 percentage points, the column noted. Other publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
News For ACI;CLD;ANR;WLT;CNX;BTU;ARLP From The Last 14 Days
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July 28, 2015
08:14 EDTBTUPeabody cuts FY15 sales volumes to 225M-245M tons from 235M-255M tons
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08:11 EDTBTUPeabody expects US costs per ton to improve 3%-5% in 2015
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08:11 EDTBTUPeabody expects 55 GW of US coal-fueled generation to retire by 2017
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08:10 EDTBTUPeabody expects US coal demand to decline 90M-100M tons in 2015
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08:10 EDTBTUPeabody reports Q2 adjusted EPS (65c), consensus (61c)
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08:09 EDTBTUPeabody reports Q2 US Mining adjusted EBITDA $211.5M
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08:09 EDTBTUPeabody Q2 US coal pricing decline, reflecting slower global economic growth
In the second quarter, seaborne and U.S. coal pricing declined, reflecting slower global economic growth, declining steel demand and weak U.S. natural gas prices. In response, U.S. and seaborne supply reductions are occurring, with shipment declines accelerating in several regions. Within U.S. coal markets, coal generation declined 14 percent through June due to lower natural gas prices.
07:08 EDTARLPAlliance Resource Partners increases quarterly distribution 8% to 67.5c per unit
Alliance Resource Partners announced that the board of its managing partners increased the cash distribution to unitholders for the 2015 Quarter to 67.5c per unit, payable on August 14, 2015 to all unitholders of record as of the close of trading on August 7, 2015. The announced distribution represents an 8.0% increase over the cash distribution of 62.5c per unit for the 2014 Quarter and a 1.9% increase over the cash distribution of 66.25c per unit for the quarter ended March 31, 2015.
07:07 EDTARLPAlliance Resource Partners CEO: Market demand to stabilize
Commenting on ARLP’s current outlook for the rest of the year, president and CEO Joseph W. Craft III said, "Most of our coal industry counterparts are under extreme duress, particularly those with high leverage and significant exposure to the metallurgical coal markets. Thermal coal demand in the domestic utility market has also fallen this year primarily due to lower natural gas prices and a weaker export market. We believe, however, that market demand is beginning to stabilize and recent market weakness is causing a supply response. Total coal production has declined from the Sequential Quarter by 13.5% in the Illinois Basin and 15.0% in the northern Appalachian markets. We expect further supply reductions, which will continue to improve the oversupply situation in those regions."
07:05 EDTARLPAlliance Resource Partners reports Q2 EPS 76c, consensus 89c
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06:52 EDTCNXCONSOL putting MetCo IPO on hold
Due to the continued degradation of metallurgical coal prices, CONSOL (CNX) is putting the MetCo IPO on hold, which was previously announced to occur early in the fourth quarter of 2015. In addition to evaluating this asset as a potential future drop down into CNX Coal Resources (CNXC), CONSOL is also evaluating the possibility of partnering with a third party to grow this asset through consolidation, before a potential future initial public offering. Both options support CONSOL's strategic and structural goals, and the company expects to make a decision regarding its Buchanan asset by year-end 2015.
06:51 EDTCNXCONSOL reports Q2 E&P Production of 75.5 Bcfe
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06:50 EDTCNXCONSOL says will manage to be free cash positive over next 18 months
"CONSOL is focused on managing through what continues to be a very challenging commodity price environment. Given this environment, we will manage the company to be free cash positive over the next 18 months, beginning in the second half of 2015. We are moving forward by resetting the company using zero-based budgeting, lean manufacturing and continuous improvement to hold our E&P production growth targets, while achieving our free cash flow targets," commented Nicholas DeIuliis, president and CEO.
06:49 EDTCNXCONSOL reports Q2 adjusted EPS (37c), consensus 1c
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July 27, 2015
16:09 EDTACIArch Coal postpones on-for-ten reverse stock split
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06:45 EDTACIArch Coal has dark future despite reverse stock split, WSJ reports
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July 23, 2015
10:30 EDTCNXOptions with increasing implied volatility
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July 22, 2015
10:26 EDTCNXOptions with increasing implied volatility
Options with increasing implied volatility: LOCK DUST JNUG CHK LINE LNCO CNX ABX GG GDX
10:01 EDTBTUOn The Fly: Analyst Downgrade Summary
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06:23 EDTARLP, ANR, ACI, BTUPeabody downgraded to Neutral from Overweight at JPMorgan
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