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Alpha Natural Resources (ANR +7.4%) soars after reaffirming 2012 guidance originally published...

Alpha Natural Resources (ANR +7.4%) soars after reaffirming 2012 guidance originally published in its Q2 earnings release. ANR also announces a public offering of $500M senior notes. Other coal names also move higher: JRCC +5.2%, ACI +4.4%, BTU +3.9%, CNX +3.5%, WLT +3.2%, YZC +2.4%.
Comments (3)
  • wigit5
    , contributor
    Comments (4101) | Send Message
     
    Confirming bad news is good?
    27 Sep 2012, 11:58 AM Reply Like
  • tiger8896
    , contributor
    Comments (620) | Send Message
     
    Traders are still selling ANR into the rallies, it's up 10 cents after a strong open. Steel headwinds are still the story with these met coal companies like ANR, more downgrades to SELL on the steel stocks by Goldman and Citi in the last couple of days.
    27 Sep 2012, 01:44 PM Reply Like
  • walking around money
    , contributor
    Comments (51) | Send Message
     
    At what nat gas price does the coal alternative for dispatch become the better horse? Is $4.00 too expensive for nat gas?
    3 Oct 2012, 09:04 AM Reply Like
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