ST. LOUIS, Oct. 24, 2012 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ), a producer and marketer of coal in the eastern United States, today announced that Bennett K. Hatfield has been named President and Chief Executive Officer and has been appointed to the Board of Directors, effective immediately. As CEO, he succeeds Irl F [...]
Coal stocks surged last Friday on speculation that steel demand was on the rise. Rising rebar prices in China have boosted prices for iron ore and analysts have speculated that metallurgical coal, used to make steel, may also soon be on the rise. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research [...]
The Coal Industry has been hit hard in 2012 as vast amounts of natural gas unlocked from shale deposits have made it a cheaper alternative to coal. Recent data released from the Energy Department has shown that the amount of gas used by power companies has risen 32 percent during the first half of the year, while coal usage has dropped 18 percent [...]
ST. LOUIS, Sept. 21, 2012 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ), a producer and marketer of coal in the eastern United States, today announced management changes intended to bolster the resources of its finance team as the Company continues its reorganization process. Mark N. Schroeder has been named Senior Vice President of [...]
ST. LOUIS, Sept. 14, 2012 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced temporary curtailments of approximately 85,000 tons of metallurgical coal production per month in response to further weakening of market demand. The production cuts will occur at three Southern West Virginia mine complexes, Kanawha Eagle, Rocklick [...]
Shares of companies in the coal industry have lagged in the market in 2012. The Market Vectors-Coal ETF (KOL) has fallen over 30 percent this year. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research on Peabody Energy and Patriot Coal
Better than expected second quarter earnings from James River Coal sparked a rally in coal stocks Thursday. "The thermal market is just beginning to show signs of recovery," said James River Coal's Chairman and CEO Peter Socha. "We believe that this is due to production cutbacks throughout the industry as well as improved demand for both coal and [...]
ST. LOUIS, Aug. 6, 2012 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ), a producer and marketer of coal products in the eastern United States, today announced that the U.S. Bankruptcy Court for the Southern District of New York has entered a final order approving Patriot's $802 million Debtor-in-Possession ("DIP") financing. The DIP [...]
Coal stocks had a dismal year as demand fundamentals continue to struggle. The Market Vectors-Coal ETF - which replicates an index that provides exposure to publicly traded companies worldwide that derive greater than 50% of their revenues from the coal industry - has plummeted over 27 percent this year. The Paragon Report examines investing [...]
ST. LOUIS, July 10, 2012 /PRNewswire/ -- Patriot Coal Corporation, a producer and marketer of coal products in the eastern United States, today announced that the Bankruptcy Court for the Southern District of New York (the "Court") granted Patriot interim approval of its $802 million Debtor-in-Possession financing ("DIP") from Citigroup [...]
ST. LOUIS, July 9, 2012 /PRNewswire/ -- Patriot Coal Corporation (NYSE: PCX), a producer and marketer of coal products in the eastern United States, announced today that Patriot and substantially all of its wholly owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy [...]
It has been a tough year for coal stocks as plummeting natural gas prices have seen demand for coal in the U.S. drop dramatically. Yet coal stocks have been on the upswing recently on strong foreign demand as Peabody Energy CEO Gregory Boyce last week stated that demand from China has seen strong growth in recent months. Five Star Equities examines [...]