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Posts related to ‘Commodities’

Copper Miners Looking at a Tough Year (FCX, RIO, SCCO, BHP)

From a high of around $4.60/pound in February of 2011, copper prices have fallen around $3.60/pound today, which is actually better than the price of around $3.40/pound at the beginning ...
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1Q2012 Gold Report: Price, Volatility Rise; Correlation to Equity Prices Insignificant (GLD)

The World Gold Council has released its summary of the first quarter’s price performance for the yellow metal. The Council noted a few macroeconomic trends that had an impact on ...
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The World’s Most Resource-Rich Countries

24/7 Wall St. performed a detailed analysis of the 10 most plentiful and valuable natural resources on earth. Using estimates of each country’s total reserves and the market value of ...
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Chesapeake Files Registration for Spin-off (CHK, GS, BAC)

Chesapeake Energy Corp. (NYSE: CHK) will spin-off its wholly-owned oilfield services business into a new company to be called Chesapeake Oilfield Services Inc., which will trade on the NYSE under ...
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Coal Mining Stocks: Easy Come, Easy Go (BTU, ACI, ANR, PCX, JRCC, CLD)

Just yesterday we noted that coal stocks were getting a nice boost based on the expectation that the stocks had just about hit bottom. One day does not a trend ...
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Railroad Traffic Continues Decline on Lack of Coal Shipments (GWR, CSX, UNP, NSC, KSU)

Genesee & Wyoming Inc. (NYSE: GWR) this morning released its traffic volume report for March and for the first quarter of 2012. The news is not good, but it’s also ...
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Peabody’s Australian Coal Mine Attracting Thai Interest (BTU)

When the largest coal company in the US, Peabody Energy Corp. (NYSE: BTU) paid about $5 billion for Australia’s MacArthur Coal last year, it basically committed itself to Australia’s Bowen ...
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Coal Stocks Jumping Today (BTU, ACI, ANR, PCX, JRCC, CLD)

Coal prices are getting a nice bump today after a long slide. Peabody Energy Corp. (NYSE: BTU), Arch Coal Inc. (NYSE: ACI), Alpha Natural Resources Inc. (NYSE: ANR), Patriot Coal ...
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Credit Card Swipe Fees on Gasoline Blasted (V, MA, AXP, DFS)

We noted earlier this morning how lenders and credit card issuers were trying to beef up revenues by going back into the sub-prime market. Another way banks and card issuers ...
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Coal Exports Rose, But Low Domestic Prices Hurt (BTU, ACI, ANR, CLD)

US coal miners exported 107 million tons of coal in 2011, most of it to Asia. That’s nearly double total US coal exports just five years earlier, and the shipments ...
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Import Price Inflation Hits Headline Data

Before you panic about inflation in this reading, you might want to consider that many commodity prices have already backed off in recent days.  Still, the reading for commodity import ...
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Billiton Closes Australian Coal Mine (BHP)

BHP Billiton plc (NYSE: BHP) today announced the closing of its Norwich Park metallurgical coal mine in Queensland. The mine is one of six owned and operated by a 50/50 ...
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Chevron Lifts Sequential Earnings Guidance (CVX)

Chevron Corporation (NYSE: CVX) is raising its sequential guidance for the first quarter earnings when compared to the fourth quarter.  The company noted that upstream results are projected to improve ...
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Lower EIA Oil & Energy Demand Projection Tempers Expectations (XOM, BHI, OIH, VLO, CHK, BTU, KOL)

Oil demand is being revised lower in a new forecast by the Energy Information Administration.  The reality is that the demand erosion is modest at a mere 70,000 barrels per ...
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McMoRan Options Volume Highlights Woes (MMR)

McMoRan Exploration Co. (NYSE: MMR) is seeing almost a 100% above-normal trading volume in its shares today, but the real news is in the stock options trading volume today.  The ...
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