Cloud Peak upgraded to Outperform from Market Perform at FBR Capital FBR Capital upgraded Cloud Peak Energy citing improving steam coal markets. The firm raised its price target for shares to $24 from $18.
News For CLD From The Last 14 Days
Check below for free stories on CLD the last two weeks.
Ambre Energy completes purchase of Decker mine interest from Cloud Peak Cloud Peak Energy and Ambre Energy Limited announced that on September 12, their companies completed the previously announced transaction for Ambre Energy to purchase Cloud Peak Energy’s 50% interest in the Decker mine in Montana and related assets and assume all reclamation and other liabilities. Ambre Energy is now the 100% owner of the Decker mine and has fully replaced Cloud Peak Energy’s approximately $66.7M in previously outstanding reclamation and lease bonds for the Decker mine. Ambre Energy has also granted Cloud Peak Energy an option for up to 7 million metric tonnes per year of its throughput capacity at the proposed Millennium Bulk Terminals coal export facility, as previously disclosed in the companies’ September 4 joint press release.