Patriot Coal Replaces CEO, Shuffles Management
The recent troubles at Patriot Coal Corp. (NYSE: PCX) have reflected the problems the entire coal mining industry faces in the US -- the low cost of natural gas. Patriot, ...Read Full Story »
Posts related to ‘NYSE: PCX’
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24/7 Wall St. Closing Bell — May 23, 2012 (FB, PCX, BX, AMAT, DELL, AEO, BIG, HRL, STP, TSL, FRED, HNZ, MMYT, TIF, TD, COST, PETM, STX)
The three major US stock indexes opened lower this morning after European leaders disagree on a fiscal response to the continent’s debt crisis(our coverage here). New US home sales were ...Read Full Story »
24/7 Wall St. Closing Bell — May 22, 2012 (GPS, DRYS, DPZ, LYB, TSLA, AZO, BBY, RL, WSM, EXPR, AEO, BIG, HRL, NTAP, P, STP, TSL, PCX, BNHN, FB)
The three major US stock indexes opened slightly higher this morning following their European and Asian counterparts, none of which were the least concerned about a downgrade to Japanese debt ...Read Full Story »
Patriot Coal Tries to Stop the Bleeding
Here’s what Patriot Coal Corp. (NYSE: PCX) had to say this afternoon about the $625 million term loan it couldn’t close last week: Earlier this month,Patriot Coal Corporation (PCX) announced ...Read Full Story »
Patriot Coal’s Starts Bloodbath for Coal Miners (PCX, BTU, ACI, CNX, ANR, JRCC, WLT, CLD, KOL)
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 ...Read Full Story »
24/7 Wall St. Closing Bell — May 16, 2012
The three major US stock indexes opened higher this morning as investors appeared to be reacting to a temporarily stronger euro, which indicated some confidence in the Eurozone generally. But ...Read Full Story »
24/7 Wall St. Closing Bell — May 15, 2012
Two of the three major US stock indexes opened higher this morning as investors reacted to the news from Greece that no government could be formed and that a second ...Read Full Story »
Patriot Coal Leads the Way to New Lows
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 ...Read Full Story »
Arch Coal’s Bad Results Could Get Worse (ACI, BTU, ANR, PCX, JRCC, CLD)
No one was expecting much from Arch Coal Inc. (NYSE: ACI) when it reported first-quarter results this morning. And that’s just what investors got. The company reported an adjusted EPS ...Read Full Story »
S&P Puts Arch Coal on Negative Watch (ACI, PCX, JRCC, ANR, BTU)
Credit rating agency Standard & Poor’s has put coal miner Arch Coal Inc. (NYSE: ACI) on CreditWatch with negative implications, threatening a one-notch downgrade to the company’s current ‘junk’ rating ...Read Full Story »
24/7 Wall St. Closing Bell (BAC, CHK, SAM, ERJ, PAA, GE, MCD, KMB, ALK, ALTR, COF, HBI, SNDK, KEY, AEP, CP, CTIC, RCL, PCX, RVBD, RMBS)
Markets opened higher this morning although a decline in tech stocks weighed on the Nasdaq, leaving the index with only a small gain going into the last hour of trading. ...Read Full Story »
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 ...Read Full Story »
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 ...Read Full Story »
How Bad are Coal Stocks? (JRCC, ACI, ANR, BTU, PCX, CNX)
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 ...Read Full Story »
Coal Stocks Beaten Up on New EPA Emissions Rules (BTU, ANR, PCX, ACI, JRCC, KOL)
Yesterday’s publication of proposed new carbon emissions rules related to electricity power generating plants have taken even more steam out of US coal company stocks. The new rules are generally ...Read Full Story »
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