West Virginia residents see new era after indictment of former Massey Energy CEO Donald Blankenship, the New York Times reports.» Read More
BECKLEY, W.Va., Nov 20- A former chief executive of Massey Energy Co pleaded not guilty on Thursday to charges he violated federal mine safety laws before a 2010 explosion that killed 29 miners in West Virginia, the worst U.S. mine disaster in four decades. Donald Blankenship, who headed Massey from 2000 to 2010, was released on a $5 million cash bond after a hearing in...
*Walter Energy's Q3 cash burn rate high- analysts. *Alpha Natural shares slide 6 pct, Walter Energy down 13 pct. Oct 30- Higher-than-expected spending levels at U.S. coal miners Walter Energy Inc and Alpha Natural Resources Inc, struggling to stem their losses, worried investors enough to dump their stock.
Oct 30- Coal miner Alpha Natural Resources Inc halved its quarterly loss as cost cutting helped it offset lower prices and shipments. The company's net loss narrowed to $185 million, or 84 cents per share, in the third quarter ended Sept. 30 from $458.2 million, or $2.07 per share, a year earlier. The Bristol, Virginia- based company's revenue fell 8 percent to $1.10...
You might hope for a sense of realism and practical moves to address the issues, but instead the World Coal Conference in Copenhagen this week was characterised by what seemed like a state of denial. Spot thermal coal at Australia's Newcastle port fell to $64.92 a tonne in the week ended Oct. 10, 1 cent higher than the previous week, which was the lowest since...
The crisis in eastern Ukraine has emboldened Europe and the United States to impose broad sanctions on Russia. But Europe finds itself in a precarious position, with almost a third of the natural gas the continent consumed in 2013 flowing from Russia, according to the U.S. Energy Information Administration.
Some of Wednesday's midday movers:
Aug 6- Alpha Natural Resources Inc reported a smaller-than-expected second-quarter loss as the cost of selling coal in eastern United States declined 6 percent from the first quarter.
Aug 6- Coal miner Alpha Natural Resources Inc reported a slightly bigger adjusted net loss for the second quarter as coal prices remained weak. Alpha Natural is also being hurt by poor rail service in Wyoming's Powder River Basin, which is preventing the company from cashing in on an uptick in demand for electricity-generating coal.
Aug 6- Coal miner Alpha Natural Resources Inc reported a bigger quarterly loss as coal prices remained weak. Net loss widened to $512.6 million, or $2.32 per share, in the second quarter ended June 30, from $185.7 million, or 84 cents per share, a year earlier. Revenue dropped 21 percent to $1.05 billion.
July 22- Coal miner Peabody Energy Corp reported a smaller-than-expected quarterly loss, helped by stronger price realizations in the United States and higher sales volumes in Australia.
Investors are down on coal as institutions divest fossil fuel stocks and Obama gets tough on emissions. Maybe it's a good time to invest.
Obama's new proposal to crack down on carbon emissions from coal-fired electricity plants will have a limited effect on utility stocks.
Take a look at some of Monday's midday movers:
The U.S. power sector must cut carbon dioxide emissions 30 percent by 2030 from 2005 levels, according to federal regulations unveiled on Monday.
Some of Wednesday's midday movers:
Take a look at some of Friday's midday movers:
Some of Thursday's midday movers:
Some of Friday's midday movers:
Some of the names on the move ahead of the open.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.