U.S. equity markets opened slightly lower this morning following not-much in the way of new data and a wait-and-see attitude until tomorrow’s meeting announcement from the FOMC, which began a two-day meeting…
U.S. equity markets opened mixed this morning on relatively little new data. In Europe, Italian consumer confidence rose more than expected and Germany auctioned 12-month bills at a positive yield for the…
ThinkstockCSXÂ Corp. (NYSE: CSX) has some somber words for the U.S. coal sector, despite what has been a handy recovery in the share prices of many of the sector leaders. The rail transportation…
ThinkstockEarlier this week, Consol Energy Inc. (NYSE: CNX) outlined its investment plans for 2013 and said it would focus more on natural gas production. Today the company released its fourth-quarter operational review,…
ThinkstockOn of the country’s largest coal miners, Consol Energy Inc. (NYSE: CNX) has outlined its investment plans for 2013, and the company expects to spend more on natural gas than it does…
ThinkstockNow that the United States has dodged the fiscal cliff, investors are expecting at least a boomlet in manufacturing and production. That means more energy and more basic materials. Coal and steel…
ThinkstockCanadian mining firm Teck Resources Ltd. (NYSE: TCK) announced this morning that the company expects fourth quarter coal shipments to exceed its prior guidance of 6.2 million metric tons. The company also…
ThinkstockBy 2017, coal consumption will nearly equal consumption of oil as the leading source of the world’s energy. The International Energy Agency (IEA) estimates that global coal consumption will reach 4.32 billion…
Paul Ausick ThinkstockIt is almost impossible to consider that troubles of such a magnitude could turn around in an instant, but that may actually be the case. We have taken a look at the…
ThinkstockWith about an hour and half to go before the markets close today, coals stocks are getting a boost from this morning’s announcement by Peabody Energy Corp. (NYSE: BTU) that its first…
Paul Ausick Canadian Pacific Railway Ltd. (NYSE: CP) this morning announced that it will take a pretax, noncash fourth-quarter charge of $180 million related to its option to build an extension of its network…
There’s nothing like an acquisition rumor to pump some life into an otherwise moribund stock. And when the company that’s the subject of the rumor is a coal miner, the whole coal…
ThinkstockJames River Coal Co. (NASDAQ: JRCC) reported third-quarter 2012 earnings this morning. The mining company posted a net loss of $0.59 per share on revenues of $288.1 million. In the same period…
Paul Ausick ThinkstockElection Day has come and gone. President Obama won a second term. The current electoral vote was by a margin of about 3 to 2 (unofficial), but the percentage last seen was…
ThinkstockAlpha Natural Resources Inc. (NYSE: ANR) reported third-quarter 2012 earnings this morning. The coal mining company posted a net loss of $0.16 per share on revenues of $1.46 billion. In the same…
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