Lower Ratings Cause Coal Stocks To Fall
CNBC News reported that coal stocks including Arch Coal (NYSE:ACI) and Consol Energy (NYSE:CNX) fell due to slow demand and lower analyst ratings.
Articles Tagged "consol energy"
Consol Shares Drop on Coal Production Cuts
Reuters reported that Consol Energy (NYSE:CNX) dropped its production target and reported lower earnings than analysts has estimated.
Consol Meets First Quarter Coal Production Guidance
Mining Weekly reported that Consol Energy (NYSE:CNX) met its planned production guidance of 15.7mt of coal in first quarter.
Higher Coal Prices Help Consol Energy
MarketWatch reported that Consol Energy (NYSE:CNX) profits were up 87% in fourth quarter.
Consol Profit Doubles on Higher Coal Prices
The Globe and Mail reported that Consol Energy Inc.'s (NYSE:CNX) shares rose on the company's increased profits due to higher steel-making coal prices.
Consol Sees Lower Q4 Coal Production
Reuters reported that Consol Energy Inc (NYSE:CNX) is expecting lower coal output in the coming fourth quarter.
Consol Energy Raises 2011 Coal Production View
Reuters reported that Consol Energy (NYSE:CNX) expects to produce more coal in 2011 that it originally forecast.
Continued Tightness In Coal Market
There is surging demand in China, steel mills have restarted and Australian firms are struggling to fill orders for a metallurgical coal price rise to $160 a metric tonne from less than $100 a few months ago. People are also looking for freight from the US to China. Morgan Stanley analysts mention that there is spot price "momentum" toward $175 a tonne.
Obama To Reverse Bush Rule On Coal
The U.S. Interior Department has said it will try to overturn a Bush administration rule that made it easier for coal mining companies to dump mountaintop debris into valley streams. The action is the latest blow to the coal industry, which defends mountaintop mining as a safer, cheaper alternative to traditional underground mining.
