After a challenging 2012, the outlook for the coal industry has improved in 2013. Last year turned out to be a tough one for this industry, especially in the U.S. Our commodities research team has initiated this year's first wave of technical analysis on two companies in this industry, namely Peabody Energy Corporation (NYSE: BTU) and Arch Coal [...]
ST. LOUIS, Jan. 15, 2013 /PRNewswire/ -- On Tuesday, Jan. 29, 2013, Peabody Energy will announce the results for the year ended Dec. 31, 2012. A conference call with management is scheduled for 10 a.m. CST on Tuesday, Jan. 29. Participants may access the call using the following phone numbers:U.S. & Canada(800) 230-1074International(612 [...]
CORAL SPRINGS, Florida, January 11, 2013 /PRNewswire/ --FinancialNewsMedia.com "Active Energy Companies to Watch" for today: VSUS Technologies, Inc. (OTC:VSUT), Peabody Energy Corp. (NYSE:BTU), Cliffs Natural Resources Inc. (NYSE: CLF), Tesoro Corporation (NYSE:TSO) and Alpha Natural Resources, Inc. (NYSE: ANR)Headline News: VSUS [...]
After a dismal 2012, the Coal Industry looks to be on the upswing as a recent report from the International Energy Agency predicts global coal demand over the next five years to grow at an average of 2.6 percent a year. The Market Vectors-Coal ETF (KOL) has gained nearly 7 percent over the last month. The Paragon Report examines investing [...]
ST. LOUIS, Dec. 14, 2012 /PRNewswire/ -- Peabody Energy today provided comments on factors affecting first quarter and selected full year 2013 targets, following initial first quarter seaborne metallurgical coal pricing settlements.Compared with average quarterly year-to-date 2012 levels, first quarter 2013 results are expected to be impacted [...]
The coal mining industry has experienced major struggles in 2012 as warm temperatures and the emergence of natural gas as a cheaper alternative have caused demand for the commodity to plummet. The Market Vectors-Coal ETF (KOL) has fallen 25 percent year-to-date. The Paragon Report examines investing opportunities in the Coal Industry and provides [...]
ST. LOUIS, Dec. 3, 2012 /PRNewswire/ -- In recognition of his three decades of outstanding leadership in the global mining sector and plan to eradicate energy poverty, Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce has been inducted into the Mining Foundation of the Southwest's American Mining Hall of Fame. Boyce [...]
ST. LOUIS, Nov. 30, 2012 /PRNewswire/ -- An international panel has recognized Peabody Energy (NYSE: BTU) with a Global Energy Commodity Excellence Award for leading the global coal sector in performance and stewardship. The honor was presented at the 14th Annual Global Energy Awards Ceremony in New York City. The Commodity [...]
ST. LOUIS, Nov. 27, 2012 /PRNewswire/ -- Big Ridge, Inc. today announced it will permanently close the Willow Lake Mine near Harrisburg, Ill. The mine has failed to meet acceptable standards for safety, compliance and operating performance, and these ongoing issues make the operations unsustainable. (Logo [...]
ST. LOUIS, Nov. 19, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that the company has voluntarily prepaid $75 million of term-loan borrowings, bringing year to date debt repayments to more than $380 million.(Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO)The company also has amended its 2010 credit facility and 2011 [...]
ST. LOUIS, Nov. 17, 2012 /PRNewswire/ -- Chad Wayne Meyers, a 30-year-old employee at the Willow Lake Mine in Southeast Illinois, was fatally injured early this morning after he became pinned by a continuous mining machine that he was operating. The underground mine has been idled pending investigation and appropriate officials with the [...]
Coal stocks across the board fell sharply last week as Obama's re-election increased speculation that more regulations may be on the way for the already struggling industry. Both the Market Vectors Coal ETF (KOL) and the PowerShares Global Coal ETF (PKOL) both fell over 5 percent last week. The Paragon Report examines investing opportunities in the [...]
