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Calls Active on International Coal Group (ICO)
Friday, October 1, 2010 - 12:02pm | 200Shares of International Coal Group, Inc. (NYSE: ICO) are higher on the session by 2.42%, currently trading at $5.45. The stock has been moving largely higher over the past five months, off of a recent low near $3.65, though appears to be nearing resistance at $5.50. Options traders are buying...
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MarkWest Starts Majorsville Project - Analyst Blog
Tuesday, September 28, 2010 - 9:30am | 659MarkWest Liberty Midstream & Resources L.L.C and NiSource Midstream Services (‘NMS”) announced the start-up of operations for projects in the Majorsville Processing complex in West Virginia. MarkWest Liberty Midstream & Resources is a joint venture of MarkWest Energy Partners L.P. (MWE) and...
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National Coal Corp. to Be Acquired by Ranger Energy Investments at $1 per Share
Tuesday, September 28, 2010 - 8:48am | 145National Coal Corp. (Nasdaq: NCOC) announced today that it has agreed to be acquired by Ranger Energy Investments, LLC (Ranger Energy), an acquisition vehicle for Jim Justice, a businessman and operator of Appalachian coal assets. Under the terms of the agreement, Ranger Energy will pay $1.00 per...
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Citi Has Buy Rating On Peabody (BTU)
Tuesday, September 28, 2010 - 6:55am | 161Citi Investment Research has a Buy rating and $57 price target on shares of Peabody Energy Corporation (NYSE: BTU). In the research note, Citi writes, "BTU announced that the board has approved the expansion of its Gateway mine in Illinois (Mid West), boosting capacity to 4.5 mln tons annually...
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Arch Coal, Inc "A Top Pick"
Monday, September 27, 2010 - 12:41pm | 137Arch Coal, Inc (NYSE: ACI) analyst day creates speculation for a significant stock price appreciation. FBR Capital Markets recommends Arch Coal as their Top Pick. FBR in a research report writes, "The company has been transformed over a long time to a low-cost, safe steam and met coal mining...
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Peabody Energy Announces 40% Expansion of Gateway Mine
Monday, September 27, 2010 - 9:14am | 90The Board of Directors of Peabody Energy (NYSE: BTU) has approved the expansion of the Gateway Mine in Southern Illinois, which will extend the life of the operation by at least 16 years. Gateway has an additional 280 million tons of reserves available for expansion in favorable market conditions...
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NASDAQ Stocks Hitting 52-Week Highs (AHGP, ASYS, COST, SVNT)
Thursday, September 23, 2010 - 1:08pm | 144Alliance Holdings GP LP (NASDAQ: AHGP) shares jumped 0.53% to create a new 52-week high of $43.57. AHGP's quarterly earnings surged 79.80% y/y. Amtech Systems Inc (NASDAQ: ASYS) shares gained 8.31% to touch a new 52-week high of $17.34. ASYS was added to the Ardour Global Alternative Energy Index...
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PVR-PVG Decide to Merge - Analyst Blog
Thursday, September 23, 2010 - 5:27am | 496Master limited partnership Penn Virginia Resource Partners L.P. (PVR) has agreed to merge with its general partner, Penn Virginia GP Holdings L.P. (PVG), which holds a 37.6% stake in Penn Virginia Resources. The transaction will involve completion of 100% equity consideration, resulting in the...
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Penn Virginia Resource Partners, L.P. and Penn Virginia GP Holdings, L.P. Announce MergerPenn Virginia Resource Partners, L.P. and Penn Virginia GP Holdings, L.P. Announce Merger
Tuesday, September 21, 2010 - 8:37am | 141Penn Virginia Resource Partners, L.P. (NYSE: PVR) and Penn Virginia GP Holdings, L.P. (NYSE: PVG) today announced a definitive agreement that would result in the merger of the two partnerships. The merger transaction would be completed with 100 percent equity consideration and would result in PVR...
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Massey Again In for a Loss - Analyst Blog
Friday, September 17, 2010 - 3:39pm | 590Coal miner, Massey Energy Company (MEE) revisited its guidance for 2010 and 2011, and alerted investors of another loss this quarter. The company also said that it expects coal shipments for the third quarter to drop to roughly 10 million tons on account of the difficult regulatory environment...
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MEE Drops On Scaling Back 2010 Production Guidance
Friday, September 17, 2010 - 3:33pm | 77Shares of Massey Energy Co (NYSE: MEE) moved down after the company scaled back its projections for 2010 production. Massey projects to ship 39 million tons of coal at a price of around $71 per ton for 2010, versus its earlier projection range of 39 million to 40.5 million tons at $71 to $73 per...
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Massey Energy Guides Lower, Shares Take Hit
Friday, September 17, 2010 - 11:17am | 199Dahlman Rose recently reported Massey Energy (NYSE: MEE) is guiding 2H2010 operational performance to be at the low end of it's guidance range, joining several peers in recent weeks in citing the increased regulatory impact of MSHA activities in 3Q. Despite negative near-term factors, management...
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Company News for September 17, 2010 - Corporate Summary
Friday, September 17, 2010 - 10:15am | 732• Johnson & Johnson (NYSE: JNJ) is reportedly planning to buy its remaining stake in Dutch biopharmaceutical firm Crucell (NASDAQ: CRXL), in a deal valued at $2.29 billion • Goldman Sachs (NYSE: GS) upgraded CenturyLink (NYSE: CTL) to "buy" from "neutral" • Goldman Sachs (NYSE: GS) upgraded...
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Benzinga's Top Downgrades (IGT, MEE, ARNA, NBL)
Friday, September 17, 2010 - 8:02am | 147Janney Montgomery downgraded International Game Technology (NYSE: IGT) from "buy" to "neutral." IGT's shares closed at $15.10 yesterday. International Game Technology's earnings are likely to fall by 54.15% this year. Macquarie downgraded Massey Energy Company (NYSE: MEE) from "outperform" to "...
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Jefferies Reiterates Buy Rating on Alpha Natural Resources (ANR)
Thursday, September 16, 2010 - 9:18am | 176Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on Alpha Natural Resources (NYSE: ANR); it has a $62.00 price target on the stock. The Jefferies analysts noted that they expect ANR's product mix to leverage recovering thermal and strong global...