Cloud Peak downgraded to Market Perform from Outperform at BMO Capital BMO Capital downgraded Cloud Peak Energy to Market Perform citing valuation following the company's weaker than expected Q1 results. The firm keeps a $21 price target for shares.
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.
Cloud Peak announces amendment to revolving credit facility Cloud Peak Energy announced that it has amended its $500M revolving credit facility to relax certain financial covenants, including the net secured debt leverage ratio and interest coverage ratio.