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Stock Market & Financial Investment News

News Breaks
April 30, 2014
05:39 EDTCLDCloud 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.
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August 20, 2014
09:17 EDTCLDCloud Peak announces termination of TRA with Rio Tinto
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August 14, 2014
08:21 EDTCLDWhile Appalachian mines close, U.S. ramps up coal imports, WSJ says
Coal imports surged 44% to 5.4M metric tons during the first six months of this year compared with last, despite coal mines closing throughout the Appalachia region, reported The Wall Street Journal, which noted that IHS Energy said it costs $26 a ton to ship coal from Central Appalachia to Florida but only $15 a ton to get coal from a mine in Colombia. Imports supply just 1% of U.S. coal consumption, but the imports, especially from Colombia, "are a factor" in mine closings, the report added. Publicly traded coal companies include Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU), Alliance Resource Partners (ARLP), and Walter Energy (WLT). Reference Link

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