Like demand for crude oil, demand for coal is being driven by China. The government’s recent decision to limit domestic production means that other coal miners will be sending more coal to…
Apparently it seems that getting coal in your Christmas stockings is now a good thing. FBR Capital Markets has a research report this morning that is highlighting some select coal names and…
Jon C. Ogg After the markets closed on Friday, the board of directors of Massey Energy Co. (NYSE: MEE) issued a press release announcing that its long-time board chairman and CEO, Don Blankenship, “will retire…
The board of directors of Massey Energy Co. (NYSE: MEE) are meeting this week to decide on the company’s next step following a report in mid-October that it was “exploring strategic alternatives,…
The coal sector has enjoyed much of the same run that has been seen by other commodities of late. Coal companies and commodities companies are about to start reporting earnings and we…
China consumed 864 million metric tons of coal in the first quarter of 2010. Thermal coal consumption to generate electricity totaled 444 million metric tons and metallurgical coal consumption, primarily used in…
The coal sector has been rocked in the past two weeks by deadly accidents at mines in China and the US. In China, 32 miners are still missing and 6 are dead,…
These are this Wednesday’s top ten analyst upgrades, downgrades, and initiations seen from early morning Wall Street research notes: Boeing Co. (NYSE: BA) Raised to Outperform at Oppenheimer. CONSOL Energy (NYSE: CNX)…
This 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…
We have been saying for some time that 2009 would be a tougher year for coal producers than 2008 was. The struggling economy just doesn’t need more energy. CONSOL Energy Inc. (NYSE:…
Douglas A. McIntyre Patriot Coal Corp. (NYSE:PCX) reported fourth quarter and full year numbers this morning. Patriot’s report follows the trail blazed earlier this year by Peabody Energy Corp. and Arch Coal Inc. (NYSE:ACI) and…
After the market closed on Friday, Cliffs Natural Resources, Inc. (NYSE:CLF) announced that it was closing its Pinnacle Mine in West Virginia for the month of February. About 360 employees "will be…
This morning’s quarterly and annual results from Arch Coal, Inc. (NYSE:ACI) have kept the coal fires burning. Arch reported EPS of $2.45 on net income of $354.3 million for the year. Annual…
These are some of the top pre-market analyst upgrades and positive calls we have seen on Wall Street this Friday morning: Accuray (ARAY) Raised to Buy at Piper Jaffray. AstraZeneca (AZN) Raised…
Peabody Energy Corporation (NYSE:BTU) yesterday reduced its production estimates for Wyoming’s Powder River Basin and for its Australian coal mining. The company said it has produced "in excess of 200 million tons"…
