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Uranium Energy Corp Acquires Major South Texas Uranium Exploration Database for $900K
Wednesday, August 31, 2011 - 8:02am | 216Uranium Energy Corp (NYSE: UEC) announced that it has entered into a definitive purchase and sale agreement with Uranium One Inc. which provides for the acquisition by the Company of a South Texas uranium database package (the "Database") from Uranium One. This strategic Database is to be...
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J.P. Morgan Initiates Coverage On Alpha Natural Resources
Tuesday, August 30, 2011 - 6:57am | 180J.P. Morgan Chase & Co. is out with a research report on Alpha Natural Resources (NYSE: ANR) and is initiating coverage with a Neutral rating and a $39 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "We are initiating coverage of Alpha Natural (ANR) with a...
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UPDATE: Goldman Sachs Initiates SunCoke Energy at Neutral
Tuesday, August 30, 2011 - 6:53am | 163Goldman Sachs is out with its report today on SunCoke Energy (NYSE: SXC), initiating SXC at Neutral. In its report, Goldman Sachs writes, "We view the SXC business mix favorably as: (1) it provides coal/energy investors with a defensive investment alternative, as SXC derives the majority of its...
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J.P. Morgan Initiates Coverage On Alliance Resource Partners
Tuesday, August 30, 2011 - 6:53am | 141J.P. Morgan Chase & Co. is out with a research report on Alliance Resource Partners (NASDAQ: ARLP) and is initiating coverage with an Overweight rating and a $82 price target. In a note to clients, J.P. Morgan Chase & Co. writes, "We are initiating on Alliance Resource Partners (ARLP), a...
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Financial Breakfast for August 30, 2011
Tuesday, August 30, 2011 - 6:41am | 655This is your Benzinga news summary and traders' outlook for Tuesday, August 30, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, S&P futures are down by about 5 points or (0.43...
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UPDATE: Peabody Energy, ArcelorMittal and Macarthur Board Agree to Terms for Recommended Takeover of Macarthur Coal
Tuesday, August 30, 2011 - 5:39am | 76Peabody Energy (NYSE: BTU) and ArcelorMittal (NYSE: MT) today announced that PEAMCoal has agreed to terms with the Macarthur board for a cash takeover of all outstanding shares of Macarthur Coal for A$16.001 per share, valuing the equity in Macarthur at approximately A$4.8 billion. All...
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JP Morgan Initiates Alliance Resource Partners At Overweight, $82 PT
Tuesday, August 30, 2011 - 5:33am | 26JP Morgan has initiated coverage on Alliance Resource Partners (NASDAQ: ARLP) with an Overweight rating and $82 price target.
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JP Morgan Initiates Alpha Natural Resources At Neutral, $39 PT
Tuesday, August 30, 2011 - 5:27am | 26JP Morgan has initiated coverage on Alpha Natural Resources (NYSE: ANR) with a Neutral rating and $39 price target.
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Peabody Energy, ArcelorMittal and Macarthur Board Agree to Terms for Recommended Takeover of Macarthur Coal
Monday, August 29, 2011 - 8:54pm | 285Peabody Energy (NYSE: BTU) and ArcelorMittal (NYSE: MT), today announced that PEAMCoal has agreed to terms with the Macarthur board for a cash takeover of all outstanding shares of Macarthur Coal for A$16.00(1) per share, valuing the equity in Macarthur at approximately A$4.8 billion. All...
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Midday Gainers; Travelzoo up 12% on Heavy Volume
Monday, August 29, 2011 - 11:58am | 62Travelzoo Inc. (NASDAQ: TZOO) +12.11% on heavy volume. Meritor Inc (NYSE: MTOR) +10.09% on average volume. Manitowoc Company, Inc. (NYSE: MTW) +11.49% on average volume. Denison Mines Corp. (NYSE: DNN) +9.22% on average volume.
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Gabelli Maintains Buy on Cameco
Monday, August 29, 2011 - 8:19am | 109Gabelli is out with its report today on Cameco (NYSE: CCJ), maintaining Buy. In its report, Gabelli writes, "We reiterate our buy recommendation: Cameco is a leading uranium producer with a diverse group of high-grade, low-cost operations spread throughout the Americas, Asia and Australia. The...
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Uranium Energy Corp Receives Draft Radioactive Material License, the Final State Authorization, for the Goliad Project in South Texas
Monday, August 29, 2011 - 8:01am | 57Uranium Energy Corp (NYSE: UEC) announces that the Company's Goliad In-Situ Recovery Project in South Texas has received a Draft Radioactive Material License from the Texas Commission on Environmental Quality. The RML is the last state-level authorization needed by the Company to begin...
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Notable Put Options Activity in Uranium Energy
Friday, August 26, 2011 - 10:33am | 100Shares of Uranium Energy (AMEX: UEC) are lower on the session by 2.46%, currently trading at $3.17. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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Cameco Announces Intention to Acquire Hathor Exploration Limited for $520M
Friday, August 26, 2011 - 6:02am | 101Cameco (NYSE: CCJ) announced that it intends to make an offer to acquire all of the outstanding shares of Hathor Exploration Ltd. for cash consideration of $3.75 per share in a transaction which values the fully diluted share capital of Hathor at approximately $520 million. Cameco delivered a...
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Evergreen Energy Announces At-The-Market Equity Offering Program
Thursday, August 25, 2011 - 5:47am | 160Evergreen Energy Inc. (NYSE: EEE) has entered into a Sales Agency Agreement, dated August 24, 2011, with Lazard Capital Markets LLC, under which it may, at the Company's discretion, from time to time sell up to a maximum of $10 million of its shares of common stock through an "at-the-market"...