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Stock Market & Financial Investment News

News Breaks
April 2, 2014
12:20 EDTJRCC, ACI, BHP, BTU, ANR, CNX, WLTCoal stocks higher after BHP executive signals confidence
Coal stocks are rallying today after positive comments were made by the head of BHP's (BHP) coal division. WHAT'S NEW: The Wall Street Journal reported this morning that BHP's Dean Dalla Valle said he expects world demand for coal to increase for decades to come. According to the report, the BHP executive added that most demand growth for coal will come from outside China, which has been the primary driver of global commodity prices in recent years. "Over the next couple of decades we expect global growth in demand for both energy coal and metallurgical coal," said Dean Dalla Valle. The executive added that India, which is "not not overly endowed with metallurgical coal," is seen as being a significant source of demand. PRICE ACTION: Shares of BHP Billiton (BHP) are higher by 0.77% in midday trading. OTHER COAL STOCKS: Walter Energy (WLT) is up 2.61%, Alpha Natural Resources (ANR) is up 1.06%, Arch Coal (ACI) is up 1.44%, CONSOL Energy (CNX) is up 1.65%, Peabody Energy (BTU) is up 1.1% and James River Coal (JRCC) is up 13.25%.
News For BHP;WLT;ANR;ACI;CNX;BTU;JRCC From The Last 14 Days
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July 28, 2015
10:32 EDTCNXCONSOL to reduce dividend to 1c per share, effective in Q3
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08:14 EDTBTUPeabody expects to realize improvement in annual cash outlays by early 2017
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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.
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 EDTANR, ACI, BTUPeabody downgraded to Neutral from Overweight at JPMorgan
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05:36 EDTBHPBHP Billiton reports FY15 group production up 9%
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