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US Railroads Could Face Billions In Losses As Coal Demand Slumps
Friday, September 6, 2019 - 8:44am | 828The systemic decline in U.S. coal production could cost U.S. freight railroads as much as $5 billion, according to a report produced by market ratings firm Moody's Investment Service. As coal demand from utilities drops by more than 50 percent by 2030, U.S. railroads could see an estimated $5...
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Switch To Gas To Accelerate, Slashing U.S. Coal Demand
Wednesday, July 24, 2019 - 11:18am | 1506Europe's shift from coal to natural gas for power generation is poised to accelerate – a negative for coal producers and transporters – according to a special report issued by investment bank Morgan Stanley (NYSE: MS) on July 22. Morgan Stanley said that lower than expected natural gas prices will...
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Good Timing For This Alternative Energy ETF
Monday, July 1, 2019 - 7:31am | 546The ALPS Clean Energy ETF (CBOE: ACES), an exchange traded fund with exposure to multiple clean energy themes, debuted about a year ago and it appears its timing was excellent and not just because the fund is up 30.51% this year. What Happened ACES and its index bring a fresh approach to...
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Is The Death Of Rail-Hauled Coal True, Or Premature?
Monday, June 17, 2019 - 5:24pm | 1612FreightWaves features Market Voices – a forum for market experts with unique knowledge from numerous transportation sectors and other critical expertise. Coal is fundamentally "sedimentary rock that burns." Formed by the decomposition of plant matter, coal is a complex substance that is marketed...
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Slumping Coal Exports Threaten Rail And Ocean Shipping Demand
Monday, June 10, 2019 - 11:20am | 1711Foreign buyers of U.S. coal threw a lifeline to America's embattled mines in 2017-18. As domestic demand dwindled in the face of environmental regulation and competition from natural gas, export markets helped fill the gap, giving the coal industry a much-needed boost. But the tide has turned in...
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Still Some Lumps With The Coal ETF
Friday, April 26, 2019 - 8:59am | 609Declining costs for alternative energy coupled with countries and states pushing for increased use of clean energy sources are among the factors weighing on the global coal industry. The VanEck Vectors Coal ETF (NYSE: KOL) is up nearly 9 percent year-to-date, indicating some investors still have...
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Higher Coal, Chemicals Rail Volumes Lift U.S. Carloads
Wednesday, April 17, 2019 - 6:18pm | 375Higher coal and chemicals volumes drove U.S. carloads upward on a weekly basis for the first time since late February, according to the latest data from the Association of American Railroads (AAR). But despite that weekly gain for U.S. carloads, overall U.S. rail traffic still softened. AAR...
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Don't Panic: China Has Not 'Banned' Australian Coal Imports
Friday, February 22, 2019 - 12:18pm | 2013Widespread jitters in the Australian political and business communities that China may have banned imports of Australian coal now appear to be unfounded. Customs clearance delays at Dalian are happening owing to entirely "normal" reasons and coal cargo can be re-routed around a given port...
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Less Gold On The Horizon For Aurizon; Big Fall In Revenues, Profits
Tuesday, February 12, 2019 - 12:43pm | 1267Australian bulk rail freight operator Aurizon yesterday (February 11, 2019) reported decreases in top-line revenues, earnings before interest, tax and depreciation, and a big decline in net profit after tax. ASX-listed Aurizon recorded top line revenues of AU$1.46 billion (U.S. $1.03 billion) for...
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Stifel: The Market Is Undervaluing Charah Solutions
Monday, July 9, 2018 - 2:40pm | 392The market is pricing in a secular decline in coal-fired and nuclear power generation, but the decline is occurring at a slower pace than investors realize — a bullish signal for Charah Solutions Inc (NYSE: CHRA), according to Stifel. The Analyst Stifel's Michael...
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Citi's 'More Constructive' Stance On Coal Leads To Warrior Met Coal Upgrade
Thursday, February 22, 2018 - 4:18pm | 245Warrior Met Coal Inc (NYSE: HCC), a U.S.-based producer of and exporter of coal for the steel industry, has seen its stock gain more than 70 percent over the past year. There's still room for more upside, according to Citi. The Analyst Citi's commodities analyst upgraded Warrior Met Coal...
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Southern Company's CEO Talks Tax Reform, Nuclear Project Updates
Wednesday, February 21, 2018 - 10:50am | 316Southern Co (NYSE: SO) reported fourth-quarter results Wednesday that beat Wall Street's expectations on the top- and bottom-line. After the print, the company's CEO Thomas Fanning was a guest on CNBC's "Squawk Box" segment to talk about the results and the tax...
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Bernstein's Bullish Stance On BHP Has Come To An End
Monday, January 22, 2018 - 3:49pm | 409Analysts at Bernstein's bullish stance on BHP Billiton Limited (ADR) (NYSE: BHP) was based on the premise that the involvement of activist investor Elliott Management would bring in some of the necessary changes to the company. But Monday, the firm parted ways with its bullish stance after...
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Here's How The States With The Cheapest Electricity Are Generating Their Power
Sunday, August 13, 2017 - 5:21pm | 608Considering the generally high cost of air conditioning, the fact that New Mexico has the lowest average monthly energy bill of any state may come as a surprise. But perhaps more surprising is that its trick isn’t living by candlelight or killing the cooling system. It’s living by coal...