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CONSOL Energy Announces Quarterly Production (CNX)
Wednesday, October 13, 2010 - 8:45am | 146CONSOL Energy Inc. (NYSE: CNX) reported total coal production of 14.7 million tons for the quarter ended September 30, 2010. Included in the total was 1.3 million tons of low-vol coal produced by the company's Buchanan Mine. CONSOL's Gas Division achieved record quarterly production of 35.8 Bcf...
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Deutsche Bank Gives 3Q Preview Of Peabody Energy
Wednesday, October 13, 2010 - 8:36am | 157Deutsche Bank expects Peabody (NYSE: BTU) to report a 3Q EPS of $0.97 compared to a Street estimate of $0.91. Prior comparable results are EPS of $0.71 in 2Q10 and $0.49 in 3Q09. EBITDA forecast for 3Q is $542MM; vs $422MM in 2Q10 and $338MM in 3Q09. Peabody's guidance pointed to 3Q EBITDA of $...
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British Use Feces for Power
Monday, October 11, 2010 - 2:11am | 846Residents of the town of Oxfordshire, England will be the first in the country to use what they flush down their toilets to power their homes. The sewage will be converted to biomethane which will be used in the national grid. British Gas, Thames Water and Scotia Gas Networks are involved in the...
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Uranium Resources, Inc. Regains Compliance with NASDAQ
Thursday, October 7, 2010 - 3:28pm | 62Uranium Resources, Inc. (NASDAQ: URRE) announced today that it has received notification from The NASDAQ Stock Market confirming that the Company has regained compliance with the $1.00 per share minimum bid price requirement for continued listing on the NASDAQ Capital Market. URI regained...
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Massey Energy Company Releases Results of Special Stockholder Meeting Vote
Wednesday, October 6, 2010 - 4:04pm | 106Massey Energy Company (NYSE: MEE) announced the results from its Special Meeting of Stockholders (the "Special Meeting") held today. The Company is pleased to announce that the following proposals received the requisite percentage of votes at the Special Meeting: (i) declassification of the Board...
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Playing QE II: SPDR S&P Metals And Mining ETF (XME)
Wednesday, October 6, 2010 - 1:49pm | 201For traders and investors looking to play the hard asset trade ahead of what is expected to be another round of quantitative easing from the Federal Reserve, here is a fairly straightforward pick - buy the SPDR S&P Metals and Mining ETF (NYSE: XME). The near-term chart pattern looks solid, and...
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Brean Murray Carret Initiates Coverage On ICO, CLD, MEE
Wednesday, October 6, 2010 - 9:25am | 45Brean Murray Carret & Co. has initiated coverage on the following companies: International Coal (NYSE: ICO) Hold Cloud Peak Energy (NYSE: CLD) Hold Massey Energy (NYSE: MEE) Buy, $39 price target
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Patriot Coal Downgraded To Hold
Wednesday, October 6, 2010 - 9:14am | 23Brean Murray Carret & Co. has downgraded Patriot Coal Corporation (NYSE: PCX) from Buy to Hold.
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Long URS At $38.82
Tuesday, October 5, 2010 - 4:55pm | 139Busy day in the market. I took gains in my short position in Lockheed Martin (LMT), while taking half my gains off the table for Callaway Golf (ELY), and closed out my position in Patriot Coal (PCX) after a 6% gain on the day. I did add a couple of positions near the close with URS and TIE. You'll...
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Standpoint Research Downgrades Arch Coal (ACI)
Tuesday, October 5, 2010 - 11:12am | 99Standpoint Research has downgraded shares of Arch Coal (NYSE: ACI). Standpoint analyst Ronnie Moas wrote that ACI "is now fairly valued at 2X book value, 46X trailing twelve months earnings, 23X estimates for 2010 and 10X speculative estimates for 2011 (that also equal peak earnings from 2008)."...
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Arch Coal Downgraded to Hold
Tuesday, October 5, 2010 - 10:25am | 29Standpoint Research is downgrading Arch Coal (NYSE: ACI) from Buy to Hold. Arch Coal is currently down 0.19% trading at $26.16 per share.
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Deutsche Bank Downgrades BTU To Hold
Tuesday, October 5, 2010 - 6:26am | 51Analysts at Deutsche Bank downgrade Peabody Energy Corporation (NYSE: BTU) from "buy" to "hold." The target price for BTU has been reduced from $57 to $55. BTU shares lost 2.83% to close at $49.45 yesterday. More Analyst Ratings here
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Penn Virginia L.P. - Bear of the Day
Tuesday, October 5, 2010 - 3:36am | 178The recent announcement of Penn Virginia L.P.'s (PVE) merger with its general partner is expected to reap profits in the long term, benefiting from the partnership s lower cost of capital. This would place the company in a better position to compete for acquisitions, increasing returns on future...
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Natural Resource Partners L.P. Completes Third Acquisition of Coal Reserves at Deer Run Mine
Monday, October 4, 2010 - 4:00pm | 94Natural Resource Partners L.P. (NYSE: NRP) announced today that it has completed the third of seven acquisitions of coal reserves at the Deer Run mine in Illinois for $55 million from Colt LLC. The acquisition was funded through NRP's credit facility. NRP has paid $105 million of the $255 million...
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Long PCX At $11.95
Friday, October 1, 2010 - 7:51pm | 231What a week it has been, I think I came away with whip-lash due to all the market reversals that we saw. What was good news was bad news (GDP, Jobs, Consumer Sentiment) and what was bad news was good news (Consumer Confidence). That is why you shouldn't get too wrapped up in what the numbers are vs...