TULSA, Okla., Aug. 13, 2012 /CNW/ - American Natural Energy Corporation ("ANEC") (TSX Venture:ANR.U) announced that it has completed an Unsecured Convertible Debenture financing previously announced on July 3, 2012 with a private investment group in the amount of US$2 million. Under the terms of the agreement an additional $1 million may be sold at [...]
BRISTOL, Va., August 8, 2012 /PRNewswire/ -- Reports second quarter 2012 revenue of $1.8 billion and adjusted EBITDA of $186 million Records goodwill impairment, and asset impairment and restructuring charges of $1.5 billion and $1.0 billion, respectively, in the second quarterSuccessfully amends secured credit agreement, relaxing covenants and [...]
BRISTOL, Va., Aug. 6, 2012 /PRNewswire/ -- Alpha Natural Resources (NYSE:ANR), a leading U.S. coal supplier, today announced the appointment of L. Patrick Hassey to the company's board of directors.Mr. Hassey was the chairman and chief executive officer of Allegheny Technologies Incorporated until his retirement in May 2011. Allegheny [...]
BRISTOL, Va., July 31, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal supplier, has appointed John W. Hanekamp as Senior Vice President—International Thermal Sales and Trading. Hanekamp has more than 30 years' experience in marketing, trading, transportation and logistics, and other areas [...]
Coal stocks soared last Friday after Arch Coal posted a better-than-expected earnings report and a positive forecast for thermal coal demand in the U.S. The Market Vectors-Coal ETF (KOL) -- which replicates an index that provides exposure to publicly traded companies worldwide that derive greater than 50% of their revenues from the coal industry [...]
BRISTOL, Va., July 23, 2012 /PRNewswire/ -- Alpha Natural Resources (NYSE: ANR), a leading U.S. coal company, today announced that seven affiliated operations have been recognized for their safety achievements in 2011. The Virginia Coal Mine Safety Board and Department of Mines, Minerals and Energy recognized the following [...]
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 [...]
BRISTOL, Va., July 13, 2012 /PRNewswire/ -- Alpha Natural Resources (NYSE:ANR), a leading U.S. coal company, plans to report its second quarter 2012 results before the market opens on Wednesday, August 8, 2012. A conference call to review the results and current business conditions is scheduled to follow at 10:00 a.m. EDT that [...]
TULSA, Oklahoma, July 3, 2012 /CNW/ - American Natural Energy Corporation ("ANEC") (TSX Venture:ANR.U) announced that it has signed a Term Sheet with a private investment group for a financing consisting of a series of US$1 million Unsecured Convertible Debentures, up to a total of US$3 million. The financing is to be used for the drilling and [...]
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 recently stated that demand from China has seen strong growth in recent months. Five Star Equities examines [...]
BRISTOL, Va., June 27, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR) announced today that it has amended its $1.6 billion secured credit facility enhancing its financial flexibility.The amendment, among other revisions, provides the company with a holiday from the maximum net leverage ratio covenant of 3.75 times through 2014 [...]
BRISTOL, Va., June 13, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal producer, announced that members of Alpha's management team will provide an overview of Alpha Natural Resources and meet with investors at the Raymond James 4th Annual Coal Investors Conference on Tuesday, June 19, 2012. The presentation [...]
