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PR Newswire (Jul 15, 2014)
at CNBC.com (Jul 9, 2014)
Tue, Jul. 15, 4:36 PM
Wed, Jul. 2, 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.
Nov. 20, 2012, 12:45 PM
Oct. 9, 2012, 11:37 AMHallador Energy (HNRG +8.5%) is initiated with a Buy rating at Brean Murray, which sees the pure‐play Illinois Basin coal producer gaining on several favorable fundamental drivers. HNRG is "structurally well positioned in one of the most attractive domestic thermal coal basins, has lower costs than its peers, and trades at a more compelling valuation," the firm says. | 1 Comment
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