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Stock Market & Financial Investment News

News For CLD;CNX;BTU;WLT;ARLP;ANR;ACI;JRCC From The Last 14 Days
Check below for free stories on CLD;CNX;BTU;WLT;ARLP;ANR;ACI;JRCC the last two weeks.
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April 24, 2014
17:18 EDTANRSallie Mae to replace Alpha Natural in S&P 400 as of 4/30 close
15:11 EDTWLTWalter Energy files to sell 4.3M shares of common stock
The shares relate to the company's 2014 long term incentive plan.
08:26 EDTBTUPeabody: US coal demand continues to rebound, seaborne markets challenged
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08:07 EDTBTUPeabody sees FY14 total sales of 245M-265M tons
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08:06 EDTBTUPeabody sees Q2 adjusted EPS (39c)-(14c), consensus (20c)
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08:04 EDTBTUPeabody reports Q1 adjusted EPS (19c), consensus (1c)
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April 23, 2014
08:43 EDTACIArch Coal weakness overdone, says Sterne Agee
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April 22, 2014
12:00 EDTACIArch Coal falls 8.2%
Arch Coal is down 8.2%, or 41c, to $4.56
10:00 EDTACIArch Coal falls 6.4%
Arch Coal is down 6.4%, or 32c, to $4.65
07:52 EDTACIArch Coal expects 2014 thermal sales volume to range of 124M-132M tons
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07:51 EDTACIArch Coal sees strengthening domestic thermal market in 2014
The strengthening domestic thermal market is supported by improved power demand, depleting customer coal stockpiles, higher natural gas prices and low natural gas storage levels that will need to be rebuilt. Expects U.S. coal consumption for power generation to increase more than 25M tons in 2014. Expects reductions in utility coal stockpiles throughout the year, due to solid demand and continued higher prices for competing fuels. The seaborne market remains challenged, as oversupply has pressured global prices for metallurgical and thermal coals. However, Arch believes the long-term outlook for the seaborne coal trade remains positive and the opportunities for U.S. coal significant. Global coal trade is projected to exceed 1.5B metric tonnes by 2020, with approximately 100 gigawatts of new coal-fueled power projected to come online in 2014 alone. Arch currently expects the global metallurgical coal market to remain soft in 2014, even as global steel production is projected to grow. However, recent and ongoing closures of some high-cost capacity and an improving demand outlook should lead to a more balanced market over time.
07:49 EDTACIArch Coal: Q1 results reflect challenging global metallurgical coal market
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07:47 EDTACIArch Coal reports Q1 adjusted EPS (60c), consensus (42c)
Reports Q1 revenue $736M, consensus $717.71M
April 21, 2014
12:00 EDTWLTWalter Energy falls 9.1%
Walter Energy is down 9.1%, or 72c, to $7.19
10:01 EDTWLTOn The Fly: Analyst Downgrade Summary
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10:01 EDTACIOn The Fly: Analyst Upgrade Summary
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10:00 EDTWLTWalter Energy falls 9.4%
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06:14 EDTBTUPeabody Q1 results likely above consensus, says Deutsche Bank
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06:14 EDTACIArch Coal upgraded to Neutral from Sell at Goldman
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06:14 EDTWLTWalter Energy downgraded to Sell from Neutral at Goldman
Goldman downgraded Walter Energy due to an increased PRB coal price outlook, potential liquidity issues, and believes the $250M asset sale goal will be difficult to achieve. Price target lowered to $5 from $9.
April 17, 2014
14:21 EDTACIArch Coal confirms probe of kickback allegations, MetroNews says
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14:00 EDTACIArch Coal investigating potential misconduct of personnel, Bloomberg says
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03:35 EDTWLTStocks with implied volatility movement; WLT ZNGA
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April 15, 2014
15:12 EDTWLTWalter idling step in right direction but industry needs more cuts, says UBS
UBS believes Walter Energy's decision to idle its Canadian operations should lower the company's pace of cash burn and is "a step in the right direction" for the coal industry, but the firm still thinks more production cuts are needed for met coal prices to rebound. The firm thinks it will be hard for Walter to reach its asset sale target and maintains its Sell rating on the stock.
11:37 EDTWLTWalter Energy asset sales in Canada would be difficult, says Brean Capital
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09:35 EDTWLTActive equity options trading on open
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09:09 EDTWLTWalter Energy to idle Canadian operations, temporarily lay off employees, staff
Walter Energy will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, in April. The company will place its Wolverine mine on idle status effective immediately. Brazion will continue to operate the Brule mine but expects to idle the mine by July. The company will continue to operate its preparation plants at these mines to complete processing of coal that already has been mined and is in inventory. For 2013, coal production from Wolverine, which produces mid-volatile hard coking coal, was 1.6M metric tons, while the Brazion mines produced approximately 1.9M metric tons of low-vol PCI and 0.1M metric tons of hard coking coal. As of December 31, 2013, Walter Energy had approximately 1.1M metric tons of coal in inventory in Canada. Employment impacts include temporary layoffs of approximately 415 employees at the Wolverine mine, approximately 280 employees at Brazion, and other administrative support staff. A limited number of employees will remain at each site to operate the preparation plants and, once coal processing is complete, to perform ongoing equipment maintenance and provide ongoing security for the sites during the idle period.
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