-
This Industry Is Unhurt By China's Currency Woes
Friday, August 14, 2015 - 11:20am | 364In a report published Friday, Goldman Sachs analyst Christian Lelong argued that while coal is "particularly exposed" to the recent devaluation of China's currency, the impact on iron ore market is likely to be "muted." According to Lelong, coal is particularly exposed...
-
Cowen Coal Preview: 'Make The Bad Man Stop'
Tuesday, July 14, 2015 - 12:42pm | 381A new report by Cowen & Co analyst Daniel Scott focuses on the battered coal industry. Despite the dreary outlook in the space, Scott explains that some coal stocks are better-positioned than others to weather the downturn. In The News The Supreme Court’s ruling against the Mercury...
-
Black Hills Corp: Big Move In Natural Gas Not Expected Anytime Soon
Wednesday, June 10, 2015 - 2:23pm | 427Black Hills Corp (NYSE: BKH) CEO David Emery was on CNBC Wednesday to share his outlook on natural gas prices and to discuss whether coal-fired power generation is over. Here is what he had to say. Price Movement Unexpected In Near-Term "I certainly hope we don’t stay in the under-$3...
-
Credit Suisse Initiates On Coal Stocks; Notes 'Cheap Options, But Dire Outlook'
Tuesday, May 26, 2015 - 11:14am | 529In a report published Tuesday, Credit Suisse analyst Nathan Littlewood initiated coverage of Arch Coal Inc (NYSE: ACI), Alpha Natural Resources, Inc. (NYSE: ANR), Peabody Energy Corporation (NYSE: BTU) and Cloud Peak Energy Inc. (NYSE: CLD) "Although the US' dependency on coal is reducing, there is...
-
Dennis Gartman May Get Bullish On Coal
Friday, April 17, 2015 - 11:41am | 191A market pundit says he may get bullish on coal. "We know that coal is the fuel of the past and we know that it is being replaced every day by 'cheap' natural gas," said Dennis Gartman, who edits the Gartman Letter. "But the world needs coal and coal as the largest fuel for electricity is not going...
-
Barclays Is Bullish On Steel Producers, Neutral On Copper Miners And Cautious On Coal Companies
Thursday, January 15, 2015 - 12:03pm | 299Matthew Korn of Barclays on Thursday commented that concerns on global growth and persistently weak commodity prices remain an overhang among the metals and mining group. Korn is bullish on steel producers given the producers exposure to an improving American steel demand that should offset the...
-
Dow Suffers Worst One-Day Performance In 2014, Volatility Returns To The Markets
Thursday, October 9, 2014 - 4:55pm | 2188U.S. stocks plunged with the Dow, shedding more than 300 points, suffering the worst single day performance of the year. Despite the 300-plus point loss, both the S&P 500 and Nasdaq saw higher losses on a percentage basis as the CBOE Volatility Index surged over 24 percent to 18.76....
-
3 Reasons To Follow Coal & BHP Billiton Limited (ADR)
Monday, September 8, 2014 - 12:34pm | 331A recent article on Benzinga reported that BHP Billiton Limited (ADR)(NYSE: BHP), the world's largest natural resources company, is reorganizing into four core areas: coal, copper, iron ore and oil. Here are three reasons why long-term investors could consider following the lead of BHP...
-
3 Reasons To Follow The Big Dog In Natural Resources
Thursday, August 21, 2014 - 8:34am | 452BHP Billiton (NYSE: BHP) is the world's largest natural resources company. It's now undergoing a transformation and focusing on four areas: coal, copper, oil and iron ore. Here are three reasons why investors should follow the big dog in commodities in this change in corporate...
-
Peabody Cut On 'Cautious Outlook' By Deutsche Bank
Monday, July 7, 2014 - 7:59am | 154Shares of Peabody Energy (NYSE: BTU) are trading lower after Deutsche Bank downgraded shares of the company from Buy to Hold and lowered the price target from $22 to $19 on valuation and an elevated cautionary outlook. Deutsche Bank’s laundry list of concerns range from global economic...
-
Coal Sector Shooting Higher
Monday, June 23, 2014 - 12:01pm | 200Coal stocks are moving higher Monday on what appears to be little fundamental data. Most coal stocks have a high short interest, leaving open the possibility that much of the move may be shorts covering their positions after initial momentum on the open. Interestingly, European coal fell to a...
-
How The Obama Climate Change Rules Might Affect ETFs
Monday, June 2, 2014 - 4:26pm | 496The Obama administration has unveiled its latest proposal to help curb carbon emissions. Monday's announcement is taking aim at power-producing plants around the country, with the coal plants taking the brunt of the hit. As states are forced to lower the amount of emissions that are...
-
Market Wrap For March 20: Investors Showing No Post-Fed Decision Hangover
Thursday, March 20, 2014 - 4:44pm | 1946U.S. stocks recovered most of Wednesday's losses after Fed Chief Janet Yellen spooked the markets a bit by hinting a rate hike could occur as soon as six months after the central bank terminates its quantitative-easing program. Investors found positives in several economic reports released...
-
Are The Coal Industry's Days Numbered?
Tuesday, January 7, 2014 - 6:06pm | 798You don't have to look too far to see that America's energy landscape is evolving. Coal is still king for the moment, but its crown is being challenged. Coal continues to be a major source of energy in the U.S. According to the U.S. Energy Information Administration (EIA), the nation...
-
The Future is Bullish for Oil and Natural Gas Stocks
Wednesday, December 11, 2013 - 4:49pm | 692According to the most recent data from both governments,the United States and China are each importing and exporting more. That means the world's two biggest economies are both buying more and selling more goods and services with other nations. That is very bullish for oil and natural gas...