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ANR

Alpha Natural Resources, Inc.

6/18/2013, 9:49 PM ET

Quote & Headlines Market Currents StockTalk

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Tuesday, June 18, 10:54 AM With liquidity a relevant topic lately among coal companies, Alpha Natural Resources (ANR +2.1%) proactively tells a Brean Capital analyst it is confident in its current liquidity to meet $417M in debt obligations due in 2015 without tapping equity, which ANR sees as a poor option at today's prices. ANR also says it isn't inclined to employ its current liquidity toward additional acquisitions. Comment! [Energy, On the Move]
Tuesday, June 18, 10:41 AM Walter Energy (WLT +12%) finally turns around since dropping 12% after delaying plans to refinance existing debt, as Morgan Stanley steps in to say WLT's potential upside has finally grown too large to ignore. Other coal names (KOL +0.6%) also move higher, perhaps aided by Sterne Agee's slightly improved view for the sector:ACI +4.2%, CLF +3.2%, ANR +3%, BTU +1.3%. Comment! [Energy, On the Move]
Friday, June 14, 2:19 PM Coal stocks (KOL -2.8%) are sliding with the latest statistics from China showing steel production trends declined in late May. Another data point this week: U.S. coal shipments fell 31% M/M in April with high production costs and oversupply in Asia for met coal driving the decline. BTU -4.3%, ACI -6.4%, ANR -4.8%, CNX -2.8%, CLF -4.7%, YZC -4.8%. Trading halted in WLT, -17.3% (earlier). 9 Comments [Energy, On the Move]
Friday, June 14, 1:34 PM Walter Energy (WLT -12.8%) dives after Forbes reports the company withdrew a proposed $1.55B debt refinancing offer due to "market conditions." Other coal stocks are also off: BTU -4.5%. ACI -7.1%. CLF -3.5%. ANR -5.1%. OXF -3.1%. JRCC -3.3%. CLD -4.1%. 8 Comments [Energy, On the Move]
Thursday, June 13, 10:10 AM Prices for met coal (KOL) have fallen to a point where they will no longer cover cash costs, even for low-cost producers, and prices should rise from current levels, FBR Capital says. Of the more met-levered names, FBR rates Alpha Natural (ANR) at Outperform, but believes Market Perform-rated Walter Energy (WLT) and Teck Resources (TCK) also could benefit. 13 Comments [Energy]
Friday, June 7, 11:14 AM Raymond James cuts its 2013-14 met coal price forecast due to resilient supply growth and slowing demand; a recovery could take longer than expected given declining global GDP growth and a potential slowdown in China demand. Downgraded: Arch Coal (ACI -3.8%), James River (JRCC -12.6%)), Walter Energy (WLT -5%), Alpha Natural (ANR -3.9%), Peabody Energy (BTU -2.1%). 12 Comments [Energy, Quick Ideas]
Wednesday, June 5, 10:59 AM Global thermal coal prices are unlikely to recover this year unless Australian coal producers lower production or an unexpected event rattles the seaborne market and sends prices north, industry experts at the Coaltrans Asia conference say. Coal (KOL -1%) names are weak in early trading: BTU -1.2%, CLF -3.1%, ACI -1.2%, ANR -1.8%, WLT -2%, BHP -2.5%, CNX -1%, CLD -1.9%. 2 Comments [Energy, On the Move]
Thursday, May 30, 10:37 AM Peabody Energy (BTU +3.9%) pops higher on speculation of an activist investor such as Carl Icahn looking to seek seats on the company's board. The rumor may be helping to lift other coal names: JRCC +2.4%, OXF +1.9%, CLD +1.8%, WLT +1.5%, ANR +0.6%, ACI +0.5%. 1 Comment [Energy, On the Move]
Monday, May 13, 3:43 PM Alpha Natural Resources (ANR -2.5%) slips today after Standard & Poor's lowered its outlook on the coal producer to Negative from Stable late Friday. The ratings agency noted that continued weakness in coal is likely challenge the company's operating conditions, especially within the Central Appalachian thermal and metallurgical coal markets. 1 Comment [Commodities, On the Move]
Wednesday, May 8, 12:55 PM Alpha Natural Resources' (ANR +5.6%) plan to sell at least $300M of convertible debt has shares recouping much of yesterday's 6.5% swoon. Sterne Agee says the debt refinancing "adds to already-solid financial flexibility" by extending debt maturities. Comment! [Energy, On the Move]
Tuesday, May 7, 8:25 AM Alpha Natural Resources (ANR) -2.5% premarket after Goldman Sachs downgrades shares to Sell from Neutral with a $5 price target (down from $9), due to its much greater exposure than peers to the firm's expectation of a very slow recovery in met coal prices. Goldman says shares are discounting a $190 metric ton 2014 benchmark met coal price vs. the firm's $180 forecast. 1 Comment [Energy, Quick Ideas, On the Move]
Monday, May 6, 11:30 AM Coal (KOL) is staging a comeback in the Midwest, as new technologies remove barriers to mining in the Illinois Basin, boosting output and bucking the overall trend, WSJ reports. The region had been largely ignored due to its coal deposits being richer in sulfur, but new scrubbing technology, which removes excess sulfur to meet emissions standards, causes companies to take a fresh look. 1 Comment [Energy]
Thursday, May 2, 8:27 AM More on Alpha Natural Resources' (ANR) Q1 results: Coal revenues fell 30% to $1.14B, but shipment volumes on an annualized basis were pacing ahead of the midpoint of prior full-year guidance for both Eastern and Western thermal coals. Generated $21M of free cash flow, enabling liquidity of ~$2.1B at the quarter's end, including ~$1B in cash. Shares +1% premarket. Comment! [Energy, Earnings]
Thursday, May 2, 7:04 AM Alpha Natural Resources (ANR): Q1 EPS of -$0.47 beats by $0.09. Revenue of $1.33B beats by $0.01B. (PR) Comment! [Earnings, Breaking News]
Thursday, May 2, 12:05 AM Notable earnings before Thursday’s open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL Comment! [Earnings]
Wednesday, May 1, 5:30 PM Notable earnings before Thursday’s open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL Comment! [Earnings]

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