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5 Stocks That Have Doubled In 2016
Tuesday, July 5, 2016 - 12:02pm | 363The S&P 500 bounced back after a horrible start to 2016 and has now delivered more than a 2 percent gain on the year. Commodity stocks have led the way in 2016 after horrible returns in recent years. In fact, a number of big-name stocks have already doubled so far this year. Here’s a look...
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Global Fossil Fuel Electricity Demand Will Peak In 2025
Tuesday, June 14, 2016 - 2:03pm | 411In at least one segment of global energy demand, fossil fuel demand growth could peak by 2025. Tom Randall reports that Bloomberg New Energy Finance projects fossil fuel demand for electricity will finally hit its peak in another nine years. “You can’t fight the future,” the...
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Why Natural Gas Investors And Renewable Energy Investors Are Hoping For The Same Thing
Thursday, May 12, 2016 - 2:41pm | 306There are lots of clean energy investors out there who have very principled beliefs about the future of the global energy business. However, in the near term, fossil fuel investors and clean energy investors should both be hoping for the same thing: higher prices. According to Citi analyst Anthony...
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Peabody Energy Plummets 45% Amid Possible Bankruptcy
Wednesday, March 16, 2016 - 8:43am | 438Shares of Peabody Energy Corporation (NYSE: BTU) fell more than 40 percent in the pre-market hours after the coal miner said there exists substantial doubt whether it will be able to continue as a "going concern" and may need file for bankruptcy as it faces the worst industry downturn...
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A Reason Not To Trust The Coal ETF's Rally
Thursday, March 10, 2016 - 2:26pm | 551"Don't fight the tape." It is sound advice. So, with that in mind, the point here is not to tell readers to be quick to short the Market Vectors-Coal ETF (NYSE: KOL), but rather to be informed and make decisions accordingly based upon what is right for an individual's portfolio. Calling KOL...
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Coal Stocks Up Big On Supreme Court News
Wednesday, February 10, 2016 - 10:19am | 237Coal stocks were trading higher on Wednesday morning after the U.S. Supreme Court blocked President Obama's Clean Power Plan intended to cut emissions from power plants. Bloomberg noted that a 5–4 order halts the Environmental Protection Agency's Clean Power Plan until the final...
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The Coal Conundrum For Transportation ETFs
Tuesday, February 9, 2016 - 8:53am | 585The Market Vectors Coal ETF (NYSE: KOL) declined yesterday on heavy volume, but the lone equity-based exchange traded fund dedicated to moribund coal equities did not hit a new low. Still, KOL has lost nearly two-thirds of its value over the past two years and slumping demand for the commodity is...
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Freeport-McMoRan Surges Despite Overall Market Rut
Wednesday, January 27, 2016 - 5:00pm | 153Shares of Freeport-McMoRan Inc (NYSE: FCX) were trading higher by more than 10 percent heading into the final minute of trading on Wednesday. At the same time, the Dow Jones index was lower by around 1.5 percent, the S&P 500 was lower by 1.25 percent and the Nasdaq index plunged lower by...
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Rio Tinto Announces Asset Sale For $224 Million, Notes Transaction Will 'Deliver Significant Value' For Shareholders
Wednesday, January 27, 2016 - 10:56am | 162Shares of Rio Tinto plc (ADR) (NYSE: RIO) were trading lower by around 1 percent on Wednesday despite the company's announcement of an asset sale. Rio Tinto said in a press release it has reached an agreement to sell its Mount Pleasant thermal coal assets to MACH Energy Australia Pty Ltd...
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Commodity Slump Hammers Railroad Stocks
Friday, January 22, 2016 - 10:10am | 508Fourth-quarter earnings reports confirmed what many traders had been expecting— railroads like Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corp. (NYSE: NSC) were hammered by the drop in energy prices, according to the Wall Street Journal. Rail volumes have been under extreme pressure...
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Norfolk Southern To Consolidate Two Divisions As Part Of Ongoing Effort To 'Enhance Operating Efficiencies'
Wednesday, January 13, 2016 - 9:08am | 240Norfolk Southern Corp. (NYSE: NSC) announced on Tuesday a new plan to consolidate its Virginia and Pocahontas divisions into a single unit. The new unit will consolidate into the Pocahontas Division and consist of 2,581 route miles. Norfolk noted that combining the two divisions into one will...
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The Worst Stock Ideas of 2015
Tuesday, January 5, 2016 - 9:46am | 405After the S&P 500 roared back over the past six years following the Financial Crisis, the market took a break in 2015, finishing the year down 0.73 percent. Some unfortunate stocks, however, were hit harder than others. With oil and other commodity prices hitting new multi-year lows in 2015,...
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Morgan Stanley Sees Trouble In Coal Ahead, Downgrades Peabody And Cloud Peak
Wednesday, October 7, 2015 - 9:22am | 484Evan Kurtz of Morgan Stanley argued in a note that United States coal prices "could remain weak" for a few more years. Kurtz downgraded shares of Peabody Energy Corporation (NYSE: BTU) and Cloud Peak Energy Inc. (NYSE: CLD) to Equal-weight from Overweight. Kurtz noted both...
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Traditional Energy Firms Likely To Back Bush On New Policy Proposal
Tuesday, September 29, 2015 - 2:17pm | 367On Tuesday, presidential-hopeful Jeb Bush is expected to present the details of his plan to rework the energy sector in order to create jobs and spur on the economy. Bush has been very vocal about his opposition to President Obama's Clean Power Plan and is expected to fight the plan if he makes it...
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Coal Dealt Another Heavy Blow In California
Thursday, September 3, 2015 - 10:03am | 385The bad news continued for the coal industry on Wednesday as the California Assembly passed a bill that would require the states pension funds CalPers and CalSTRS to liquidate their investments in coal companies. The two public employee pension funds manage a combined $476 billion in assets....