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Peabody Energy Corporation (BTU)

  • Oct. 11, 2012, 11:34 AM
    Coal stocks are enjoying notable strength today, as natural gas hits multi-month highs, +4% to $3.61/btu. Dahlman Rose predicts demand may be on the rise from steel manufacturers in China; the boost in iron ore prices this week also is a bullish factor. ANR +12.1%, ACI +10.9%, JRCC +10.1%, ACI +7.7%, BTU +7.5%, CNX +6.3%, WLT +5.7%, CLD +5.5%.
  • Oct. 9, 2012, 2:54 PM
    Goldman Sachs is bullish on Consol Energy (CNX +5.2%) and Peabody Energy (BTU +6.4%) even as it downgrades Arch Coal (ACI +4.3%), giving a boost to coal mining stocks (KOL +1.8%). The firm says the duo are set to benefit from a rebound in spot prices, which it thinks are currently at "unsustainable" levels. Also: ANR +7.3%, WLT +7.9%, JRCC +9.1%.
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  • Oct. 9, 2012, 12:52 PM
    Arch Coal (ACI +2.6%) pushes higher even after Goldman Sachs downgrades shares to Sell, expecting ACI will be forced to cut met coal growth guidance. Coal, iron ore and steel stocks are strong for a second straight day following news that iron ore prices in China rose 6% to $110.40/ton. ANR +5.3%, AKS +3.9%, WLT +3.7%, BTU +3.6%, X +3.1%, CLF +2.7%.
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  • Oct. 5, 2012, 1:24 PM
    Bottom fishers in the beaten down coal sector might be interested to know the carts of several of the names are forming a very bullish inverse head and shoulder pattern, according to UpsideTrader. At this point, WLT, ANR, ACI, and BTU all seem to be finishing out the formation, so a bit more time is necessary to validate the move.
  • Oct. 4, 2012, 2:12 PM
    Is it a Romney rally? "I like coal... people in the coal industry feel like it's getting crushed by your policies," Mitt Romney said in last night's debate. Arch Coal (ACI +8.7%), which Brean Murray analyst Lucas Pipes says has more leverage to the domestic thermal coal market, continues to push higher (earlier). Also: JRCC +10.8%, ANR +6.2%, CNX +5.8%, WLT +5.1%, BTU +4.4%.
  • Oct. 4, 2012, 12:24 PM
    Coal is now cost competitive with natural gas for power generation, and the industry has seen utilities switching back to coal, which Global Hunter says points to a sooner than expected recovery in fundamentals. JRCC +9.8%, ACI +7.1%, WLT +5.9%, CNX +5.3%, ANR +5.2%, BTU +4.3%.
  • Sep. 27, 2012, 9:55 AM
    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%.
  • Sep. 24, 2012, 11:27 AM
    In another blow to coal stocks, BAML lowers its forecast for 2013 coking coal prices to $185/metric ton from $220/metric ton; demand is down, supply is up, and the pressure doesn’t look like it’s abating, the firm says. BTU and WLT are downgraded, and ACI and CNX are maintained at Underperform, but ANR remains at Buy as "the risk/reward looks favorable and cash flows [are] OK.”
  • Sep. 21, 2012, 3:38 PM
    Peabody Energy (BTU -1.6%) is downgraded to Hold from Buy at Brean Murray, which cites a lack of clear catalysts moving forward. While increasing efficiency and lowering costs in Australia have the greatest potential to enlarge BTU's returns, the firm expects these potential advancements will be offset by seaborne met coal price weakness.
  • Sep. 14, 2012, 11:39 AM
    Coal shares are on a roll - JRCC +11.4%, ANR +7.2%, ACI +6.9%, WLT +4.9%, BTU +3.8% - but Paul Ausick reminds of the sector's long-running ailments: ANR is saddled with debt and its met coal business amounts to only 20%-25% of its shipments; JRCC’s met coal business is weak, and thermal coal prices aren’t rising very fast; ACI’s assets in Appalachia have been a drag.
  • Sep. 14, 2012, 8:56 AM
    Coal names continue to climb higher in premarket trading, adding to yesterday's big gains: JRCC +5.1%, ACI +4.2%, ANR +4%, YZC +3%, WLT +2.9%, BTU +1.4%.
  • Sep. 13, 2012, 4:35 PM
    Perhaps adding momentum to coal's big upside move in recent days is the heavy short interest in some of the names: Short interest in ACI is 29%, ANR 18%, JRCC 27%, CNX +14%. Since Sept. 5, the day China announced its $156B infrastructure spending plan: ANR +56%, JRCC +38%, TCK +24%, BTU +23%, ACI +22%, YZC +19%, CNX +14%, CLD +14%, BHP +12%.
  • Sep. 13, 2012, 3:24 PM
    "Recoverable world coal reserves are the longest life (R/P ratio) of any fossil fuel - the go-to BTU in any return to global growth," Gregor McDonald writes. Thus QE bulls are pushing coal sector stocks (KOL +3.5%) near the top of today's top gainers: ANR +11.8%, ACI +8.5%, CLF +6.3%, WLT +5.2%, CLD +4%, CNX +3.1%, BTU +2.8%.
  • Sep. 11, 2012, 2:25 PM
    Shares of coal (KOL +1.5%) and steel (SLX +2.3%) companies continue to rise after last week's news that China would fast-track ~$150B in infrastructure spending plans. Investors hope China will soon announce another stimulus that will bolster demand for raw materials. Among today's top gainers: CLF +6.4%, ANR +6.1%, DNR +4.4%, X +4.2%, BTU +2.8%.
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  • Sep. 7, 2012, 11:08 AM
    Metal and mining firms are among today's top gainers on China's plans to spend $156B on infrastructure and Glencore's raised buyout offer for Xstrata. Coal is enjoying a big day, with Alpha Natural (ANR +14%) the S&P's biggest advancer. Other coal (KOL +5.2%) names: CLF +11%, BTU +9.6%. Steel (SLX +5%) names: X +7.1%, AKS +9.1%. Also: FCX +6.9%, JOY +6.8%.
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  • Sep. 6, 2012, 11:40 AM
    CEO Greg Boyce says Peabody Energy (BTU +1.4%) is cutting its 2012 capital expense budget to a $1B-$1.1B range vs. an earlier projection of $1B-$1.2B, and he expects 2013 capex to be at or below 2012 levels. An earlier report said BTU had deferred the $500M sale of its Wilkie Creek mine, which failed to attract a worthwhile bid.
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Company Description
Peabody Energy Corp is involved in mining. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers.