Hallador Energy Co (HNRG) - NASDAQ
  • Jul. 2, 2014, 7:51 AM
    • Hallador Energy's (HNRG) Sunrise Coal subsidiary agrees to acquire Vectren's (VVC) coal mining unit for $296M plus additional working capital adjustments, not to exceed a total of $325M.
    • Vectren Fuels owns three underground coal mines in Indiana which have sold 10.1M tons of coal in the past 12 months; current 2015 coal sales commitments are 9.5M tons.
    • VVC says the transaction will result in a Q2 book loss of $0.24-$0.26 per share.
    | Jul. 2, 2014, 7:51 AM
Company Description
Hallador Energy Co. through its subsidiaries engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Carlisle underground coal mine located near the town of Carlisle, Indiana; the Ace in the... More
Industry: Independent Oil & Gas
Country: United States