VanEck Vectors Coal ETFNYSEARCA
Fri, Nov. 25, 1:26 PM
Wed, Nov. 23, 4:35 AM
- The clean energy sector may get a boost after President-elect Donald Trump told the NYT he thinks "there is some connectivity" between humans and climate change, stating he was keeping an "open mind" on whether to pull out of the 2015 Paris climate agreement.
- Meanwhile, Ben Carson has been offered the post of Secretary of Housing and Urban Development. The former Republican presidential candidate said he'll consider the offer over Thanksgiving.
- ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, PBW, DUG, BGR, XES, IYE, IEO, FENY, IEZ, QCLN, PXE, GASX, PXI, FIF, PXJ, RYE, NDP, GUSH, PSCE, DRIP, DDG, FXN, PUW, CRAK, HECO, SOP, UOP, NANR, ERGF, ERYY, JHME, GEX, ICLN, PBD, PZD, KOL
Fri, Nov. 18, 5:10 PM
Wed, Nov. 9, 12:26 PM
- Coal stocks (KOL +2.5%) are surging, as Trump's election sparks hope that his administration can reverse the fuel’s long decline in the U.S.
- But analysts say the main culprit for coal’s decline is natural gas, which has flooded the market since the rise of fracking, which seems unlikely to change, as Trump also has promised to liberalize fracking; “cheap natural gas will continue to threaten the coal industry," says Andrew Moore of Platts Coal Trader.
- Analysts say it remains unclear whether Trump’s election is a signal to buy coal stocks, but at the least, “this is a sign that coal isn’t going away," Moore says.
- OTCPK:BTUUQ +43.2%, FELP +25.4%, OTCQB:RHNO +20.7%, CLD +16.7%, WLB +17.5%, WMLP +19.4%, ARCH +11.2%, CNX +6%, AHGP +5.8%, ARLP +4.1%.
Wed, Oct. 12, 11:12 AM
- Peabody Energy (OTCPK:BTUUQ +1.8%) and Japan's Nippon Steel have set the Q4 contract benchmark for metallurgical coal at $200/metric ton, more than twice the Q3 price, Reuters reports.
- The big jump underscores a resurgence in Asia's appetite for coal that also has been reflected in a recent mark-up in spot cargoes.
- The deal with BTU marks a departure from the normal quarterly price-setting mechanism where Nippon and Anglo American (OTCPK:AAUKF, OTCPK:AAUKY) typically establish the benchmark.
- ETF: KOL
Fri, Oct. 7, 4:56 PM
Mon, Sep. 5, 4:18 AM
- The United States joined China on Saturday to formally ratify the Paris agreement to curb climate-warming emissions, which could help put the pact into force before the end of 2016.
- The accord is the culmination of more than 20 years of effort to cut global greenhouse gas emissions and many nations are eager for it to take effect this year.
- ETFs: XLE, VDE, ERX, OIH, XOP, KOL, FCG, ERY, GASL, DIG, PBW, DUG, BGR, XES, IYE, IEO, FENY, IEZ, QCLN, PXE, GASX, PXI, FIF, PXJ, RYE, NDP, GUSH, PSCE, DRIP, DDG, FXN, CHIE, PUW, CRAK, HECO, SOP, UOP, NANR, TONS, ERGF, ERYY, JHME
Fri, Sep. 2, 4:17 PM
Fri, Aug. 19, 5:15 PM
Thu, Aug. 18, 7:45 AM
- For many years, General Electric (NYSE:GE) assumed coal's future was challenged by environmental and cost issues, and therefore promoted natural gas as an alternative.
- Now, as demand rises in India and Southeast Asia, GE is bullish about coal again, WSJ reports.
- GE leaders say they can reap decades of profits from existing coal power plants, installing upgrades that will come in response to slowly tightening emissions rules and utilities' desire to boost output, and are poised to build coal facilities in developing economies.
- ETFs: KOL, TONS
Tue, Aug. 16, 5:27 PM
- The Office of Surface Mining and Reclamation Enforcement announces plans to toughen "out-of-date" rules on self-bonding, the program that allows healthy coal companies (NYSEARCA:KOL) to post promissory notes instead of collateral to guarantee returning disturbed land to its natural setting.
- Among the changes, the regulator proposes modifying self-bonding eligibility standards, diversifying financial assurance options for mine cleanups and ensuring an independent third-party review of self-bonded entities' current and future financial health.
- Peabody Energy (OTCPK:BTUUQ), Alpha Natural Resources (OTCPK:ANRZQ) and Arch Coal (OTCPK:ACIIQ) - three of the four largest U.S. coal companies - have filed for bankruptcy in the past year, with more than $2B in self-bonds for future mine cleanups across several states.
Fri, Jul. 15, 4:14 PM
Fri, May 27, 4:17 PM
Fri, May 13, 4:16 PM
Fri, May 6, 4:26 PM
Fri, Apr. 22, 3:43 AM
- Leaders from 130 nations are gathering in New York for the formal signing of the climate change accord reached in Paris four months ago, which aims to limit the overall world temperature rise to below 2 degrees Celsius.
- With each country's signing of the pact, they must also submit an action proposal plan for the deal to be effective.
- The target date is 2020, but if enough countries ratify, officials say the agreement could enter into force much sooner.
- ETFs: XLE, ERX, VDE, KOL, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG