-
Natural Res. Beats by a Penny - Analyst Blog
Monday, November 8, 2010 - 7:00pm | 695Natural Resource Partners L.P. (NRP) recorded adjusted net income of 36 cents per unit in the third quarter ended September 30, 2010, beating the Zacks Consensus Estimate by a penny. Adjusted net income in the quarter remained in line with the third quarter of 2009. The outperformance was driven...
-
Massey Energy Company Completes $200M Credit Facility
Monday, November 8, 2010 - 5:33pm | 110Massey Energy Company (NYSE: MEE) today reported that it has entered into an amended and restated asset-based revolving credit agreement, which provides for available borrowings, including letters of credit, of up to $200 million, depending on the level of eligible inventory and accounts receivable...
-
Cloud Peak Energy Moving On Strength In Coal Market (CLD)
Monday, November 8, 2010 - 4:39pm | 88Cloud Peak Energy Inc. (NYSE: CLD) is up 5.5% this afternoon, as the coal names have been in play today, due in large part thanks to Alpha Natural Resources (NYSE: ANR) and Massey Energy (NYSE: MEE). At last check, shares of CLD were up $1.04 to $19.82. Cloud Peak Energy Inc. is a coal miner that...
-
Alpha Natural Resources, Inc. (NYSE)
Monday, November 8, 2010 - 4:28pm | 70Alpha Natural Resources (NYSE: ANR) is skyrocketing today, gaining 9% on tremendous volume. ANR has already traded more than three times its daily average volume, at just over 6.3 million shares. Alpha Natural Resources, Inc. is a coal producer that operates primarily in the central Appalachian and...
-
Uranium Stocks Strong Today (CCJ, URZ)
Monday, November 8, 2010 - 3:25pm | 81The uranium space is particularly strong today, led by mega mover in the space, Cameco Corporation (NYSE: CCJ). At last check, shares of CCJ were up $1.73 to $34.99, a gain of nearly 6%. Uranerz Energy Corp. (AMEX: URZ) which is a much smaller uranium miner, is up 14% this afternoon to $3.67, a...
-
Top Narrow Based Indexes For November 8 (HTM, URRE, LPH)
Monday, November 8, 2010 - 12:17pm | 191By 11:13 am, the Dow Jones Industrial Average was down 61.27 points, or 0.54%, to 11,382.81, while the broader Standard & Poor's 500 index had lost 6.38 points, or 0.52%. The NASDAQ composite index fell 3.46 points, or 0.13%. Some of the narrow based indexes that are still afloat in the market...
-
New Uranium Miners ETF from Global X
Monday, November 8, 2010 - 4:00am | 561Global X Uranium ETF (URA) began trading November 5, 2010 as the first ETF to track companies involved in uranium mining. According to the press release (pdf), uranium “is a clean resource alternative for electric generation. One pound of uranium can generate as much energy as 20,000 pounds of...
-
Massey Energy Screams Higher on Buyout Rumors; Calls Active (MEE, ANR)
Friday, November 5, 2010 - 3:14pm | 137Shares of Massey Energy Co. (NYSE: MEE) are screaming higher this afternoon; currently shares are higher by 11.58%, trading at $47.10. Just moments ago rumors hit the tape that Alpha Natural Resources (NYSE: ANR) was looking to takeover the company. This seems legit given that shares of ANR and...
-
Massey Energy Spiking On M&A Rumor (MEE, ANR)
Friday, November 5, 2010 - 2:57pm | 65Massey Energy Company (NYSE: MEE) is spiking on rumors that Alpha Natural Resources (NYSE: ANR) may be considering a bid for the company, from the Wall Street Journal. At last check, shares of MEE were up $4.92 to $47.13, a gain of over 11%. ANR shares were down $1.92 to $43.79, a loss of 4.2%.
-
Puts Purchased on Yanzhou Coal Mining (YZC)
Friday, November 5, 2010 - 1:39pm | 154Shares of Yanzhou Coal Mining Company Limited (NYSE: YZC) are higher on the session by 3.32%, currently trading at $31.72. The stock has been moving largely higher over the past three months after rallying off the $22.00 level. It is now trading well above the 50-day and 200-day moving averages....
-
Uranium Resources, Inc. Announces Exercise and Closing of Over-Allotment Option at $1.16 per Share
Friday, November 5, 2010 - 9:25am | 129Uranium Resources, Inc. (NASDAQ: URRE) announced today that Roth Capital Partners, the sole manager of its recent underwritten registered offering of common stock, has fully exercised their over-allotment option and have purchased an additional 1,072,500 shares at a price of $1.16 per share. The...
-
Alpha Natural Resources Offers First Look At 2011 Cost Guidance
Thursday, November 4, 2010 - 11:09am | 173Alpha Natural Resources (NYSE: ANR) introduced 2011 cash cost guidance for both PRB and Eastern operations at levels significantly higher than we had anticipated. East costs are being driven by difficult geology at the company's longwall and other operations, increasing levels of expensive...
-
James River Coal Earnings Negatively Impacted By Higher Costs
Thursday, November 4, 2010 - 11:03am | 192James River Coal Company's (NASDAQ: JRCC) third quarter earnings were negatively impacted by high costs and reduced tonnage due to regulatory activity. Dahlman Rose continues to remain cautious on near-term thermal markets and is maintaining a Hold rating. James River reported 3Q10 adjusted EBITDA...
-
The Daily Long and Short Setup
Thursday, November 4, 2010 - 8:27am | 107Futures continue to improve on the heals of what is looking like a breakout of recent consolidation for the market. Below are the morning trade setups, for those who are still holding on to a lot of short positions, be very careful about letting a market that is on a technical breakout, continue to...
-
ETFs and the Dividend Dilemma
Thursday, November 4, 2010 - 8:14am | 897GlobalX is about to launch the GlobalX Gold Explorers ETF (GLDX) and the GlobalX Uranium ETF (URA) as soon as today--I received an email yesterday saying it would be today but occasionally these things get pushed back but either way they are coming imminently. In looking under the hood they are...