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La Nina effect not priced into thermal coal companies
Thursday, February 3, 2011 - 12:52am | 566A protracted, La Nina-related wet season cut Indonesia's thermal coal exports (the country is the world's largest exporter) by 15 percent in 2010 (though the overall industry's capex was up 18% yoy, suggesting the potential for increased volume capacity) and also hurt output in other key producing...
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Stocks Going Ex Dividend the Second Week of February
Thursday, February 3, 2011 - 12:49am | 733Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Health Net Lags Estimates - Analyst Blog
Wednesday, February 2, 2011 - 6:21pm | 1104Health Net Inc. (HNT) reported fourth-quarter EPS of 83 cents compared to a loss of 43 cents in the prior-year quarter. The reported quarter included $24.9 million, a non-cash benefit related to a litigation reserve true-up; and $13.0 million of expenses primarily related to litigation and the...
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Health Net Lags Estimates - Analyst Blog
Wednesday, February 2, 2011 - 5:54pm | 1104Health Net Inc. (HNT) reported fourth-quarter EPS of 83 cents compared to a loss of 43 cents in the prior-year quarter. The reported quarter included $24.9 million, a non-cash benefit related to a litigation reserve true-up; and $13.0 million of expenses primarily related to litigation and the...
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Puts Purchased on PPL Corporation (PPL)
Wednesday, February 2, 2011 - 4:04pm | 157Shares of PPL Corporation (NYSE: PPL) are lower on the session by 0.12%, currently trading at $25.78. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short...
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TECO Energy Names Sandra W. Callahan Senior VP
Wednesday, February 2, 2011 - 3:12pm | 44The TECO Energy (NYSE: TE) board of directors named Sandra W. “Sandy” Callahan as senior vice president of Finance & Accounting on Wednesday. She will retain the position of chief financial officer. The promotion is effective immediately.
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Wisconsin Energy Ups EPS, Fails Rev - Analyst Blog
Wednesday, February 2, 2011 - 12:23pm | 886Energy utility, Wisconsin Energy Corporation (WEC), posted net operating earnings of $1.06 per share in the fourth quarter of 2010, ahead of the Zacks Consensus Estimate of $1.01 per share and the year-ago quarter's operating earnings of 96 cents per share. Wisconsin Energy's fiscal year 2010...
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Wisconsin Energy Ups EPS, Fails Rev - Analyst Blog
Wednesday, February 2, 2011 - 12:00pm | 886Energy utility, Wisconsin Energy Corporation (WEC), posted net operating earnings of $1.06 per share in the fourth quarter of 2010, ahead of the Zacks Consensus Estimate of $1.01 per share and the year-ago quarter's operating earnings of 96 cents per share. Wisconsin Energy's fiscal year 2010...
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TECO Energy Declares Quarterly Dividend of $.205
Wednesday, February 2, 2011 - 11:06am | 46At its meeting today, the Board of Directors of TECO Energy, Inc.(NYSE: TE) declared a dividend of 20.5 cents per share on the company's common stock. The dividend is payable February 28 to shareholders of record as of February 14.
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Ormat Technologies Inc. Issues $88M Aggregate Principal Amount of Senior Unsecured Bonds
Wednesday, February 2, 2011 - 10:32am | 58Ormat Technologies, Inc. (NYSE: ORA) announces that it entered into an Addendum to the Deed of Trust dated August 3, 2010, governing the issuance of, and accepted subscriptions for, an additional $88 million in aggregate principal amount of senior unsecured bonds of the same series of bonds issued...
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MarkWest Completes EQT Asset Buy - Analyst Blog
Wednesday, February 2, 2011 - 10:11am | 531Pipeline operator MarkWest Energy Partners L.P. (MWE) has closed its previously announced purchase of assets – a Kentucky-based natural gas processing complex and an associated natural gas liquids (“NGL”) pipeline – from integrated energy firm EQT Corp. (EQT). The $230 million transaction...
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Wunderlich: NISOURCE Posts Solid Quarter; Raises Estimates, PT
Wednesday, February 2, 2011 - 9:44am | 169NiSource, Inc. (NYSE: NI) reported 4Q operating (non-GAAP) earnings yesterday of $0.33 versus $0.36 a year ago. The 4Q and full year earnings were as expected, driven by rate cases and improving sales, but offset partially by higher expenses. The combination of pending rate cases and capital...
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MarkWest Completes EQT Asset Buy - Analyst Blog
Wednesday, February 2, 2011 - 9:30am | 531Pipeline operator MarkWest Energy Partners L.P. (MWE) has closed its previously announced purchase of assets – a Kentucky-based natural gas processing complex and an associated natural gas liquids (“NGL”) pipeline – from integrated energy firm EQT Corp. (EQT). The $230 million transaction...
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Wunderlich Raises PT On Nisource To $18
Wednesday, February 2, 2011 - 8:24am | 27Wunderlich Securities has raised the price target on Nisource, Inc. (NYSE: NI) from $17 to $18 and maintains its Hold rating.
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NiSource Lags Estimates - Analyst Blog
Wednesday, February 2, 2011 - 2:01am | 1093Diversified utility, NiSource Inc. (NI), posted net operating earnings of 33 cents per share in the fourth quarter of 2010, falling short of the Zacks Consensus Estimate of 34 cents and the year-ago quarter's operating earnings of 36 cents. NiSource's operating earnings of 2010 were $1.22 per...