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Patriot Coal Declares Bankruptcy; Green Energy or Natural Gas Victim?
Patriot Coal energy stock chart Investors in Patriot Coal Corporation (NYSE:PCX) have had a tough year. A year that has seen shares in the coal concern drop over 73% over the year ending on Friday,...
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Patriot Coal Shareholders Likely will be Wiped Out
Patriot Coal energy stock chart Patriot Coal Corporation (NYSE:PCX) filed for Chapter 11. I have been getting emails on it so thought I would answer. Not interested. WHY? Patriot Coal Corporation...
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Wilbur Ross: Avoid Coal and Railroads as US Switches to Natural Gas
U.S. demand for coal is at a 24-year low, and inventories are continuing to build as the global economy slows. WilburRoss, WL Ross & Company chairman/CEO, discusses whether investors should...
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Rail Traffic Just Set a Multi-Year Record
Total N. American rail traffic came in at 717k card last week. The adjusted total of ~735k cars sets a new 4 year record for a single week in the series handily beating the 721k set during the same...
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Rail Traffic Comes in Strong this Week
Total N. American rail traffic came in at 692k cars last week (716k adjusted). The adjusted number (for decline in coal shipments ~20k/wk) easily surpasses last years 698K. The coal adjustment this...
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Earnings Preview: CAT, FCX, HAS, STI, BTU, VFC, YHOO, TXN, WDC, ZION
Several major companies are reporting earnings today. We have a calendar/preview of the companies reporting (mostly third quarter) below. We highlight the companies reporting before and after the...
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Peabody Energy Beats Estimates, Shares Soar 12 Percent
Peabody Energy Corporation (NYSE:BTU) reported operating EPS of $0.51 this morning, above consensus estimates of $0.34. Peabody Energy Corporation (NYSE:BTU) beat on the top line and the bottom line....
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North American Rail Traffic Will Just Not Drop
Total North American rail traffic last week continued to buck its normal seasonal end of year swoon trend. It came in at 684k vs 701k the prior week. The 2% drop is well below the 5%-10% drop we have...
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Rail Traffic Rebounds Strongly In Early January
Total N. american rail traffic rebounded from the typical Christmas/New Year slump last week to 686k carloads. This is a very strong number as the rebound is back near the high levels of 2012....
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Why Europe’s Shale Future Is Still Indeterminate
This where we stand, and it’s a fairly bleak view: Peak oil is almost here, and nothing new (with the possible but unlikely exception of Iraq) is coming online anytime soon and while the clock is...
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Thompson Creek Metals, Arch Coal, Moly Corp: Beaten To Pulp
This could well be a season of corporate turnarounds. As U.S. equities continue to trend higher on better results and an improving economy, even laggards and beaten down stocks such as Thompson Creek...
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Rail Traffic Indicates economy is accelerating albeit at a slow pace
It’s been awhile since I posted on total N. American rail traffic so I thought I’d update it today with the latest information. After a middling month of March rail traffic has again begun to...
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Energy Access, Renewable Energy And Energy Efficiency: 2030 Goals [INFOGRAPHIC]
What will it take to meet the Sustainability for All goals for energy access, renewable energy and energy efficiency by 2030? 2030 Goals For Energy Access The Global Tracking Initiative combines the...
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Steel, Iron Ore Panic Equals Profits For Hedge Fund Shortsellers
Last week was upsetting for steel and iron ore prices as investors lost further confidence in the strength of the metal industry. Coal also traded low in last month. Both coal and iron ore experienced...
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Has China Collapsed? A Look at FX, Copper, Iron, and Steel
Has China collapsed? Well let us look at the evidence: Evidence For China The exchange rates of different currencies give some clues about China. The graph has been scaled that bottom is half of the...
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Barack Obama Unveils Renewable Energy Plan, Keystone XL Pipeline Hangs in the...
President Obama’s new Climate Action Plan is highly supportive of renewable energy and natural gas, but negative for coal says Anthony Yuen of Citigroup. Overall, the President’s plan raises natural...
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Union Pacific Corporation (UNP) Reports Strong 2Q Earnings
The stock price of Union Pacific Corporation (NYSE:UNP), the largest rail transportation company in the United States, reached its new highest level at $162.30 per share after reporting strong...
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Ordos, First Ghost Town Implodes, As China Crisis Looms
First, the coal industry, a pillar of this Mongolian city’s economy, lost momentum. Then the bubble in the local real estate sector burst. Many buildings in the city are vacant at present, and now...
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American Railcar: Why it Deserves Premium over Peers
American Railcar Industries, Inc. (NASDAQ:ARII) is not your average value stock. With an asset value per share of $17.8, American Railcar looks expensive compared to its assets. Indeed, the company is...
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John Burbank on The End of the Chinese Economic Boom
John Burbank’s Passport Capital was up 4.2 percent (net) in the second quarter, making the year to date return for the hedge fund 10.1 percent (net) according to a letter obtained by ValueWalk. Hedge...
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