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 [...]
ST. LOUIS, Nov. 13, 2012 /PRNewswire/ -- Arch Coal, Inc. (NYSE:ACI) today announced that it has launched a $250 million incremental, senior secured term loan due 2018, pursuant to an uncommitted accordion provision in the company's existing revolving credit agreement. Completion of the new term loan offering would reduce the size of the [...]
ST. LOUIS, Nov. 13, 2012 /PRNewswire/ -- Arch Coal, Inc. (NYSE:ACI) today announced it has commenced a private offering of $350 million aggregate principal amount of senior notes due 2019. The senior notes will be guaranteed by Arch's subsidiaries that guarantee indebtedness under the company's existing senior secured credit [...]
Coal stocks have struggled in 2012 as abundant supplies and historically low prices have made natural gas a cheaper alternative for utilities. Natural gas futures in April plummeted to a 10 year low of $1.91 per thousand cubic feet. The Market Vectors-Coal ETF (KOL) -- which seeks to replicate the price and yield return performance of the Stowe [...]
ST. LOUIS, Oct. 26, 2012 /PRNewswire/ --Earnings HighlightsQuarter EndedNine Months EndedIn $ millions, except per share data9/30/129/30/119/30/129/30/11Revenues$1,087.6$1,198.7$3,190.8$3,057.1Income (Loss) from Operations136.076.3(398.9)273.8Net Income (Loss) 145.88.9(388.3)70.8Diluted EPS/LPS0.220.04(1.83)0.39Adjusted Net Income [...]
ST. LOUIS, Oct. 25, 2012 /PRNewswire/ -- The board of directors of Arch Coal, Inc. (NYSE:ACI) today declared a quarterly cash dividend of $0.03 per share on the company's common stock. The dividend is payable December 14, 2012 to shareholders of record on November 30, 2012.(Logo: http://photos.prnewswire.com/prnh/20120727/CG47668LOGO [...]
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 [...]
Arch Coal will discuss its third quarter 2012 financial results in a conference call that will be webcast live on Friday, Oct. 26 at 11 a.m. Eastern time. Participating on the call will be Arch's President and Chief Executive Officer John W. Eaves, Executive Vice President and Chief Operating Officer Paul A. Lang and Senior Vice President and Chief [...]
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. 25, 2012 /PRNewswire/ -- Arch Coal, Inc. (NYSE:ACI) today has been honored with the 2012 Conservation Legacy Award by the National Museum of Forest Service History.(Logo: http://photos.prnewswire.com/prnh/20120727/CG47668LOGO) President of the National Museum of Forest Service History, Gray F. Reynolds, applauded Arch's [...]
LAS VEGAS, Sept. 25, 2012 /PRNewswire/ -- Arch Coal, Inc. (NYSE:ACI) today announced that its Canyon Fuel Company's Dugout Canyon mine earned the Sentinels of Safety award for achieving the nation's best 2011 safety record among large underground coal mines.(Logo: http://photos.prnewswire.com/prnh/20120727/CG47668LOGO) "Our Dugout Canyon employees [...]
Moments ago, National Traders Association introduced new coverage of Arch Coal and CONSOL Energy. Full outlook, analysis and consensus opinion is available to readers via the links below. The consistent delivery of accurate analyses relies solely on two factors, namely: market awareness and industry insight. Recent market drivers include August's [...]
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