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Massey Energy Company (MEE) Buying Rival For $640 Million
Tuesday, March 16, 2010 - 6:44pm | 189Massey Energy Company (NYSE: MEE) announced on Tuesday that the coal producer had reached an agreement to acquire its rival Cumberland Resources Corp. for $960 million. The acquisition is part of Massey Energy Company's strategy of gaining control of more high-value metallurgical coal assets, as...
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Volume Talks Monday: A Potential Option Straddle Play
Tuesday, March 16, 2010 - 10:03am | 2447Today's breakout report is for Monday March 15, 2010. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to the list of stocks. To reiterate previous blog posts like...
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Monday March 15th ETF Movers: IFNA, PKOL
Monday, March 15, 2010 - 5:16pm | 265In midday trading Monday, the iShares North America Index Fund (NASDAQ:IFNA) is outperforming other ETFs, up about 1.4% on the day. Components of that ETF showing particular strength include shares of Dupont Fabros Technology (NYSE:DFT), up about 0.7% and shares of Kite Realty Group (NYSE:KRG), up...
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Consol Energy To Buy Dominion Unit (CNX, D)
Monday, March 15, 2010 - 4:35pm | 135Consol Energy Inc. (NYSE: CNX) is planning to buy a unit from Dominion Resources (NYSE: D). The deal is expected to be worth $3.5 billion and will give a boost to Consol Energy’s (CNX) natural-gas business. The arrangement will increase the company’s total proven gas reserves by 50%. Consol Energy...
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Market Gives A Thumbs Down To Buyout By Consol Energy Inc. (CNX)
Monday, March 15, 2010 - 3:05pm | 137Consol Energy Inc. (NYSE: CNX) has agreed to buy the Appalachian exploration and production business of Dominion Resources Inc. for $3.5 billion. The acquisition by Consol Energy Inc. (CNX) would add 1.46 million oil and gas acres and 9,000 producing wells to Canonsburg based Consol’s portfolio,...
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Arch Coal Downgraded At HSBC (ACI)
Monday, March 15, 2010 - 2:52pm | 99HSBC Securities downgraded shares of Arch Coal (NYSE: ACI) today from Overweight to Hold. The firm has a price target of $30 on the stock. This downgrade has taken a fairly hefty toll on Arch Coal (ACI) today, as the shares have declined 4.45% to $24.22. In the last three months, ACI has surged...
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CONSOL Energy (CNX) To Buy Dominion Resources’ (D) Natural Gas Properties
Monday, March 15, 2010 - 2:06pm | 444CONSOL Energy, Inc. (NYSE: CNX), one of the top four coal producers in U.S., has reached an agreement to buy Dominion Resources, Inc.’s (NYSE: D) Appalachian natural gas properties for $3.48 billion in an all cash deal. The deal will give CONSOL a leading position in the Marcellus Shale field. The...
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Benzinga’s Top Pre-Market Losers (CNX, BSX, ISPH, CYTX)
Monday, March 15, 2010 - 9:32am | 273CONSOL Energy Inc. (NYSE: CNX) decreased 5.76% to $51.20 in the pre-market session. Dominion (NYSE: D) announced that it has agreed to sell its natural gas and oil exploration and production business to a newly-formed subsidiary of CONSOL Energy, for a total of $3.475 billion. The 52-week trading...
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Benzinga’s Top Pre-Market Gainers (GYMB, ICO, SMTX, FCEL, HITK)
Thursday, March 11, 2010 - 9:23am | 352The Gymboree Corporation (NASDAQ: GYMB) increased 4.77% to $48.50 in the pre-market session. Gymboree reported yesterday a fourth-quarter profit of $33.2 million, or $1.11 per share, from $29.5 million, or $1 per share, in the year-ago period. Analysts expected GYMB to report a profit of $1.10 per...
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Coal Plays On Fire Triggering My Love For National Coal Corp. (NASDAQ:NCOC), (NYSE:PCX), (AMEX:PUDA)
Monday, March 8, 2010 - 1:06pm | 305Commodity stocks have been ripping of late. After the Jobs Report on Friday, the U.S Economy seems to be on the path to a solid recovery or so it may seem to most. Positive comments have emerged on many sectors from steel to coal. With analysts seeing a recovery not only in the United States but...
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Massey Energy (MEE) And Other Coal Stocks Gain Subsequent to Price Hike
Friday, March 5, 2010 - 1:43pm | 123Massey Energy (NYSE: MEE) soared 4.8% to $48.69 by mid-day trading on Friday. Patriot Coal Corp Corp. (NYSE: PCX) rallied almost 6% to $20.4 and James River Coal Co. (NASDAQ: JRCC) advanced 6.2% to $17.95 by mid-day trading following a deal between BHP Billiton struck a Japanese coal deal worth $...
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Monday's Hot Stocks: Charge Up Your Portfolio With Volterra
Tuesday, March 2, 2010 - 11:06am | 2280With the major indices starting off March with a bang Monday, there were plenty of stocks which traded higher on above average volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you...
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James River (JRCC) Reports Q4 Loss; 2010 Outlook Worsens
Friday, February 26, 2010 - 4:25pm | 96James River Coal (NASDAQ: JRCC) reported a surprise Q4 loss of $3.2 million (12 cents per share), from a loss of $33.6 million ($1.26 per share) in Q4 2008. Analysts’ estimate was an adjusted EPS of 44 cents per share. Following results’ announcements, James River shares fell 7% to $15.87 Friday...
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Benzinga’s Top Upgrades (LAMR, BPOP, PCX, GTI, LSTZA)
Wednesday, February 24, 2010 - 2:30pm | 243Lamar Advertising Co (NASDAQ: LAMR) was upgraded by Wedbush Morgan from “underperform” to “neutral.” LAMR’s shares gained 1.01% to $30.09 at 9:38 am. The trailing-twelve-months gross margins at LAMR are 62.16%. Read more about this company here. B Riley & Co upgraded Popular Inc (NASDAQ: BPOP...
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Patriot Coal (PCX) Up 5% After Rating Upgrade
Wednesday, February 24, 2010 - 11:19am | 70One day after a big price drop, shares of Patriot Coal Corporation (NYSE: PCX) are up more than 5% in early morning trading. The stock received a boost after Brean Murray upgraded its rating of the shares from Hold to Buy with a price target of $25. Patriot Coal Corporation was trading near $16.40...