New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 2, 2014
12:20 EDTBHP, BTU, ANR, CNX, WLT, JRCC, ACICoal 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
Sign up for a free trial to see the rest of the stories you've been missing.
May 26, 2015
09:58 EDTBTU, ACIOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:24 EDTANRAlpha Natural initiated with an Underperform at Credit Suisse
Target $.50.
07:24 EDTACIArch Coal initiated with an Underperform at Credit Suisse
Subscribe for More Information
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
Subscribe for More Information
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.
09:57 EDTBHPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:38 EDTBHPBHP Billiton downgraded to Market Perform from Outperform at BMO Capital
Subscribe for More Information
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.
08:40 EDTBHPBHP Billiton to pay $25M penalty to settle FCPA charges with SEC
Subscribe for More Information
May 19, 2015
09:58 EDTBHPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:16 EDTBHPBHP Billiton downgraded to Reduce from Hold at HSBC
Subscribe for More Information
May 18, 2015
09:36 EDTBTUActive equity options trading on open
Subscribe for More Information
May 15, 2015
16:51 EDTCNXGreenlight Capital gives quarterly update on stakes
Subscribe for More Information
06:20 EDTBHPBHP Billiton spinoff hard to value, WSJ reports
Subscribe for More Information
May 14, 2015
08:50 EDTBHPBHP sees iron ore pricing to remain pressured, Reuters reports
Subscribe for More Information
08:42 EDTBHPBofA/Merrill Euro metals/mining analyst holds analyst/industry conference call
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use