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Posts related to ‘NYSE: CNX’

Coal Miners Face Years of Low Prices, Problems

Posted: July 16, 2012 at 9:23 am

Billionaire Wilbur Ross, who founded International Coal Group in 2005 and sold the company to Arch Coal Inc. (NYSE: ACI) last year for $3.4 billion, told Bloomberg News that current ...
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Patriot Coal Rides the Rocket Again — Short Covering?

Posted: July 5, 2012 at 12:11 pm

Coal miner Patriot Coal Corp. (NYSE: PCX) continues to skyrocket again today, taking up where it left off on Tuesday when the shares gained more than 32%. The stock is ...
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Coal Stands to Lose Even More Following Court Ruling (PCX, ANR, ACI, BTU, JRCC, WLT, CNX, CLD, KOL)

Posted: June 27, 2012 at 7:39 am

An appeals court in the District of Columbia has ruled that the US Environmental Protection Agency was “unambiguously correct” in taking steps to set limits on greenhouse gas emissions. The ...
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Arch Coal Shuts Down Appalachian Plants (ACI, PCX, ANR, BTU, JRCC, CNX, WLT, CLD)

Posted: June 22, 2012 at 9:32 am

More bad news last night from the coal miners. Arch Coal Inc. (NYSE: ACI) announced that it would fire approximately 750 full-time employees and close 3 of its “higher-cost” thermal ...
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Coal Stocks: The New Solar Sector or a Value Choice? (BTU, CNX, WLT, ANR, ACI, JRCC, PCX, CLD, KOL)

Posted: June 1, 2012 at 11:54 am

Coal stocks are taking another hit today, although there has been a slight bounce in the late morning. Buyers must hold the opinion that the stocks have reached or nearly ...
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Coal Stocks Stumble Again (JRCC, PCX, CNX, ANR, ACI, WLT, BTU)

Posted: May 30, 2012 at 1:27 pm

US coal stocks are getting pummeled again today, with James River Coal Co. (NASDAQ: JRCC) and Patriot Coal Corp. (NYSE: PCX) leading the downturn. Downgrades to Patriot Coal from UBS ...
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Patriot Coal’s Starts Bloodbath for Coal Miners (PCX, BTU, ACI, CNX, ANR, JRCC, WLT, CLD, KOL)

Posted: May 22, 2012 at 1:24 pm

Shares of Patriot Coal Corp. (NYSE: PCX) are in freefall this afternoon on a report from Debtwire that the company is seeking a firm to help with its restructuring. The ...
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Coal, Natural Gas Reaching Price Parity (XOM, CHK, EOG, CNX, BTU, ANR, ACI)

Posted: May 22, 2012 at 8:58 am

Natural gas prices have been rising, getting to around $2.75/thousand cubic feet last week before falling back a little to around $2.69. At this level, coal once again enters the ...
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Patriot Coal Leads the Way to New Lows

Posted: May 15, 2012 at 1:28 pm

Today’s not a good day to be in the coal business. Miner Patriot Coal Corp. (NYSE: PCX) announced this morning that it was lowering both shipment and price forecasts for ...
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S&P Cuts Outlook on Coal Miner (CNX, ACI, ANR, WLT)

Posted: May 4, 2012 at 1:14 pm

Ratings agency S&P has lowered its outlook on coal miner Consol Energy Corp. (NYSE: CNX) from ‘positive’ to ‘stable’, while maintaining a ‘BB’ junk rating on the company’s debt. Earlier ...
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How Bad are Coal Stocks? (JRCC, ACI, ANR, BTU, PCX, CNX)

Posted: April 9, 2012 at 11:24 am

Concerns about the global economic recovery and the ability of emerging markets, especially China, to keep growing are affecting prices for many commodities, including coal. Adding to coal’s problem is ...
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Arch Coal Tumbles on Earnings, Forecast (ACI, ANR, PCX, BTU, CNX)

Posted: February 10, 2012 at 9:27 am

Arch Coal Inc. (NYSE: ACI) reported fourth quarter and full year earnings this morning, and, like most other coal miners, the fourth quarter was just okay, while the outlook for ...
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Lower Coal Demand, Odd Investor Outlook (ANR, PCX, BTU, CNX, ACI, KOL)

Posted: February 6, 2012 at 12:12 pm

US coal miners had a tough fourth quarter and most are expecting the same conditions for at least the first half of 2012. Alpha Natural Resources Inc. (NYSE: ANR), Patriot ...
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