Posts for Ticker ‘ANR’

Top Day Trader Alerts (AET, GLW, TMS, YGE, CALM, ANR)

The following are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

Aetna Inc. (NYSE: AET) shares are down sharply on earnings affected by significantly higher commercial medical costs.

Corning Inc. (NYSE: GLW) shares are down on disappointing expectations for glass shipments.

Thomson (Nasdaq: TMS) shares are rising after the French media and technology firm said agreed to a debt restructuring with its creditors.

Yingli Green Energy Holding Co. (NYSE: YGE) shares are up on comments by CNBC’s Jim Cramer on his “Mad Money” show.

Cal-Maine Foods Inc. (Nasdaq: CALM) are down sharply in the premarket after a big earnings miss.

Alpha Natural Resources Inc. (NYSE: ANR) sees some early signs of a market turnaround, but are falling after missing EPS by 16 cents.

-The 24/7 Wall St. Team

Posted on: July 27, 2009 – 8:11 am in Pre-Market Activity, Trading Alert, , , , , ,

T. Boone Pickens & BP Updated Stock Holdings (ANR, APC, COG, CHK, CNX, DVN, FLR, FWLT, HAL, MEE, OXY, STR, SLB, SU, RIG, WFT)

Pickens PicThis morning we got to see the new equity holdings of T. Boone Pickens, via his BP Capital Management, L.P.,  as of March 31, 2009.  Some of the higher stakes look to be in Chesapeake Energy Corporation (NYSE: CHK), Devon Energy Corporation (NYSE: DVN), Suncor Energy Inc. (NYSE: SU), and Transocean Ltd. (NYSE: RIG).  Here is the full list of holdings for Pickens’ BP Capital with the implied value as of the reporting dat of March 31:

Posted on: May 15, 2009 – 11:37 am in Activist Investor, Insider Activity, Mutual Funds, Oil & Gas, , , , , , , , , , , , , , , ,

At Cliffs, Everybody Sacrifices in Prosperity (CLF, ANR, FCL)

In the wake of a poor first quarter report, iron ore producer Cliffs Natural Resources Inc. (NYSE:CLF), formerly known as Cleveland-Cliffs, has tightened its belt and the belts of all its shareholders. The company’s chairman, president, and CEO said that “we have asked all of our stakeholders to make sacrifices that will better position Cliffs to weather the direst of economic scenarios, while at the same time positioning the Company to take advantage of possible opportunities when the environment improves.”
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Posted on: May 13, 2009 – 7:51 am in Commodities, Dividend, Earnings, Metals, , ,

Coal Fields Merger Creates Big Player (ANR, FCL, CLF, KOL)

Coal ImageToday’s announcement of a merger between Alpha Natural Resources, Inc. (NYSE: ANR) and Foundation Coal Holdings, Inc. (NYSE: FCL) creates the third-largest coal producer in the US. The all-stock deal is worth about $2 billion including $530 million in Foundation debt, with Alpha issuing 1.084 shares for each Foundation share at a value of $32.73/share, a 37% premium to Foundation’s closing price on May 8.
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Posted on: May 12, 2009 – 7:46 am in Commodities, Mergers and Buy Outs, , , ,

Cliffs, Alpha Scrap Merger Plans (CLF, ANR)

Two weeks ago, Cliffs Natural Resources (NYSE:CLF) pushed out its shareholder vote on a merger with Alpha Natural Resources (NYSE:ANR) to mid-December. Alpha promptly filed suit, seeking to force Cliffs to stick to its agreed upon date of November 19th.

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Posted on: November 18, 2008 – 8:58 am in Mergers and Buy Outs, ,

Cliffs Natural Resources: Trouble in Mergertown (CLF, ANR)

Cliffs_logoThe proposed merger between Cliffs Natural Resources (NYSE:CLF) and Alpha Natural Resources (NYSE:ANR) has run over more than a few bumps. Cliffs’ largest shareholder, Harbinger Capital, tried to acquire enough shares to block the deal. The big stumbling block, though, has been the deteriorating share prices of both companies. When the merger was announced in July, it was worth $10 billion. A couple of weeks ago, the value had dropped to $4 billion.

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Posted on: November 4, 2008 – 10:13 am in Mergers and Buy Outs, ,

Cliffs Winning Strategy: Shutter Mines (CLF, ANR)

Cliffs_logoNewly-named Cliffs Natural Resources Inc. (NYSE:CLF) is slowing production at two of its Minnesota iron ore mines in order "to bring production in line with demand." Three furnaces capable of producing 300,000 tons of pellets a month will be shut down. That’s an annualized reduction of nearly 30% at the two locations and about 16% of total North American annual production.

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Posted on: October 28, 2008 – 11:47 am in Commodities, Labor & Unions, Metals, ,

Alpha Natural Resources, Looking Beta, Off The Cliffs in Cleveland (ANR, CLF)

Coal_imageAlpha Natural Resources (NYSE:ANR) has sold its majority interest in lime manufacturing plant in Kentucky and 17.6 million tons of coal that still needs to be mined. The after-tax gain from the sale of both properties is expected to be about $15 million.

Tomorrow is the day that Cleveland-Cliffs (NYSE:CLF) gets a new name,Cliffs Natural Resources, anticipating completion of its merger withAlpha Natural Resources (NYSE:ANR). When the merger was announced inJuly, it was estimated to be worth about $10 billion. It’s nowestimated to be worth about $4 billion.

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Posted on: October 15, 2008 – 8:25 am in Commodities, Mergers and Buy Outs, ,

Top Analyst Upgrades & Downgrades (ANR, BJS, DL, RIMM, AGU, CF, MNT, POT, TRA)

There are actually very few analyst calls this morning and some of these may even be carry-over calls from late yesterday:

  • Alpha Natural Resources (ANR) raised to buy at UBS.
  • BJ Services (BJS) raised to Equal Weight at Morgan Stanley.
  • China Distance Education (DL) started as buy at Citigroup.
  • Research in Motion (RIMM) raised to outperform but target cut to $110 at Raymond James; raised to neutral from underperform at Credit Suisse.
  • Agrium (AGU) cut to hold at Citigroup.
  • CF Industries (CF) cut to hold at Citigroup.
  • Mentor Corp. (MNT) cut to hold at Jefferies.
  • Potash Corp. (POT) target cut to $250 from $375 at RBC.
  • Research in Motion (RIMM) cut to hold at Canaccord; cut to sector perform at RBC.
  • Terra Industries (TRA) cut to hold at Citigroup.

Jon C. Ogg
September 26, 2008

Posted on: September 26, 2008 – 6:43 am in Analyst Calls, , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ANR, NILE, ENER, IFX, LH, NVS, SOV, TSCO, WY, YGE)

These are ten of the analyst calls we are focusing on this Monday morning in pre-market trading:

  • Alpha Natural Resources (NYSE: ANR) Raised to Overweight at Morgan Stanley.
  • Blue Nile (NASDAQ: NILE) started as Hold at Deutsche Bank.
  • Energy Conversion (NASDAQ: ENER) started as Equal Weight at Lehman Brothers.
  • Infineon (NYSE: IFX) cut to Hold at Citigroup.
  • Laboratory Corp. (NYSE: LH) Started as Overweight at Morgan Stanley.
  • Novartis (NYSE: NVS) started as Overweight at JPMorgan.
  • Sovereign Banc (NYSE: SOV) raised to Outperform at KBW.
  • Tractor Supply (NASDAQ: TSCO) raised to Buy at UBS.
  • Weyerhaeuser (NYSE: WY) cut to Hold at Deutsche Bank.
  • Yingli Green Energy (NYSE: YGE) raised to Buy at Citigroup.

Jon C. Ogg
June 2, 2008

Posted on: June 2, 2008 – 6:37 am in Analyst Calls, , , , , , , , , ,

Alpha Natural Resources Taps Financing (ANR)

Alpha Natural Resources Inc. (NYSE: ANR) filed its intent to raise an aggregate of up to $400 million through offering $250 million for their convertible senior notes due 2015 and a concurrent common share offering. 

The pricing and some of the general terms have already been reached.  They are offering 3.6 million common shares at a par-value of $0.01 per share, raising a total of $143.6 million. UBS Investment Bank and Citigroup Global markets are the joint book-running managers for the transaction.

Alpha, an Appalachian coal supplier with a $2.7 Billion market cap, will use the net proceeds from the convertible note offering and the common share offering to repurchase up to $175 million aggregate principal amount on the 10% Senior Notes due 2012.

We frequently discuss secondary offerings, special financings, restructurings, insider activity, activist investor trends, IPO’s, back door plays into IPO’s, SPAC’s, spin-offs, and more on our open email distribution list.

Shares are up $0.51, over 1$, to $41.80 this morning. The 52-week range is $15.50 to $44.58.

Rachel Lopez
April 2, 2008

Posted on: April 2, 2008 – 9:36 am in Oil & Gas, Secondary Offering,