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Stock Market & Financial Investment News

News Breaks
February 4, 2014
10:44 EDTACI, CLD, WLT, BTU, ARLP, CNX, ANRArch Coal climbs after optimistic comments about 2014 outlook
Shares of Arch Coal (ACI) are climbing after the company reported weaker than expected fourth quarter results, but made positive comments about the thermal coal market. WHAT'S NEW: Arch Coal reported a larger than expected fourth quarter loss, and its fourth quarter revenue came in below expectations. However, the company stated that it expects U.S. thermal coal markets to tighten further this year. A number of factors - including favorable weather trends, healthier economic activity and elevated natural gas prices - should ensure that the prices of most U.S. thermal coal is competitive, Arch stated. On the other hand, demand for metallurgical coal from overseas markets remains weak, Arch added. But the company indicated that production of higher cost metallurgical coal would ease, causing the metallurgical markets to tighten in the future. PRICE ACTION: In early trading, Arch Coal rose 5% to $4.21. Other coal miners also climbed, with Alpha Natural (ANR) advancing 3%, CONSOL Energy (CNX) gaining nearly 2%, Peabody Energy (BTU) rising 1.7%, Cloud Peak (CLD) up 2.4%, and Walter Energy (WLT) jumping almost 4%. Another publicly traded company in the space is Alliance Resource Partners (ARLP).
News For ACI;CLD;WLT;BTU;ARLP;CNX;ANR From The Last 14 Days
Check below for free stories on ACI;CLD;WLT;BTU;ARLP;CNX;ANR the last two weeks.
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September 2, 2014
16:29 EDTCLDCloud Peak executive VP, CFO Michael Barrett to resign by 1Q15
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09:41 EDTCLDCloud Peak sees 2015, 2016 annual shipments 78M-84M tons
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09:39 EDTCLDCloud Peak updates 2014 shipment, adjusted EBITDA outlook
The company updated its guidance for 2014 coal shipments for its three owned and operated mines to between 83 million and 86 million tons, compared to its July 29, 2014 guidance of 85 million to 89 million tons. The Company also updated its guidance for 2014 Adjusted EBITDA to between $170M-$200M. On July 29, the company issued 2014 Adjusted EBITDA guidance of $180M-$210M. Colin Marshall, Cloud Peak Energy’s President and CEO said, “As we previously stated, our earlier guidance ranges were dependent upon an improvement in rail performance through the end of the year. While we believe the rail performance issues are being addressed, the reality is that the improvements have not taken place at a sufficiently robust pace to allow us to maintain our previous guidance. In addition, in late August our Cordero Rojo Mine was impacted by a significant rain storm causing flooding and damage to some equipment, which will slow shipments and cause us to incur some additional costs. Accordingly, we are updating our Adjusted EBITDA and shipment guidance ranges to reflect these impacts.”
August 31, 2014
21:48 EDTWLT, BTU, ARLP, ANR, CNX, ACI, CLDCoal stocks may get boost from Russia tensions, Reuters says
U.S. coal company stocks may get a boost in the near term if worsening relations between Russia and the West motivate President Putin to limit Europe’s natural gas supply, says Reuters. 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
17:00 EDTCNX, WLT, CLD, BTU, ARLP, ANR, ACICoal miners become more optimistic as prices stabilize, WSJ says
Coal miners are becoming more optimistic as a two year glut of the fuel that has driven prices down seems to be abating, says the Wall Street Journal. Plant shutdowns and a pickup in buying from China and India are leading to more price stability and what some see as a gradual recovery, added the Wall Street Journal. 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
August 29, 2014
08:37 EDTANRAlpha Natural unit received MHSA imminent danger order on Aug. 25
Alpha Natural Resources disclosed last night in a regulatory filing that on August 25, its subsidiary Brooks Run South Mining received an imminent danger order issued by the Mine Safety and Health Administration to the Wyoming No 2 Mine, located near Marianna, West Virginia. The order alleged that a miner was observed working in close proximity to an energized, unmanned scoop. The scoop was immediately de-energized, whereupon MSHA terminated the order. "MSHA had issued no citations or orders to the Mine for persons working near an energized, unmanned scoop during the prior twelve months, and no injuries occurred in connection with the alleged practice," Alpha Natural stated.
August 28, 2014
14:50 EDTWLTWalter Energy volatility at low end of 38-month range
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August 21, 2014
05:52 EDTWLTStocks with implied volatility movement; NOK WLT
Stocks with implied volatility movement; Nokia (NOK) 30, Walter Energy (WLT) 62 according to iVolatility.
August 20, 2014
09:17 EDTCLDCloud Peak announces termination of TRA with Rio Tinto
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