• Samstag, 16 November 2024
  • 05:33 Uhr Frankfurt
  • 04:33 Uhr London
  • 23:33 Uhr New York
  • 23:33 Uhr Toronto
  • 20:33 Uhr Vancouver
  • 15:33 Uhr Sydney

President Fails to Show Support for Coal Industry in His State of the Union Address The Paragon Report Provides Stock Research on Arch Coal and Alpha Natural Resources

10.05.2012  |  Marketwire

The Paragon Report Provides Stock Research on Arch Coal and Alpha Natural Resources

NEW YORK, NY -- (Marketwire) -- 05/10/12 -- President Barack Obama has continued to show strong support of energy development in the U.S., but recently failed to mention the coal industry in his State of the Union address or during a recent tour promoting his policies. According to the National Mining Association the Obama administration regulations are accelerating coal's slide. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Arch Coal Inc. (NYSE: ACI) and Alpha Natural Resources, Inc. (NYSE: ANR).


Access to full reports can be found at:
www.ParagonReport.com/ACI
www.ParagonReport.com/ANR


The American Coalition of Clean Coal Electricity is "exceptionally disappointed in the policies of this administration with respect to coal," Luke Popovich, a spokesperson for the group, said in a recent interview. After unsuccessfully attempting to push legislation to block recent EPA regulations the group's focus will shift to the presidential campaign. According to the Center for Responsive Politics, a group that tracks lobbying and campaign spending, political donations from industry executives and employees have already exceeded 2008 totals. Republican presidential candidate Mitch Romney, a strong supporter of the coal industry, accused Obama of making it "harder to mine for coal," during his speech on May 3.


Paragon Report releases regular market updates on the Coal Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.


During the year ended December 31, 2011, Arch Coal sold approximately 156.9 million tons of coal, including approximately 5.5 million tons of coal it purchased from third parties, representing roughly 14% of the United States coal supply. It sells its coal to power plants, steel mills and industrial facilities. The company reported first quarter 2012 net income of $1.2 million, or $0.01 per diluted share, compared with net income of $55.6 million, or $0.34 per diluted share, in the prior-year period.

With $7.1 billion in total revenue in 2011, Alpha Natural Resources ranks as America's second-largest coal producer by revenue and third-largest by production. Alpha is the nation's largest supplier of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries. The company reported a first quarter net loss of $29.1 million or $0.13 per diluted share compared to net income of $49.8 million or $0.41 per diluted share last year.


Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
www.ParagonReport.com/disclaimer

Add to DiggBookmark with del.icio.usAdd to Newsvine


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Arch Resources Inc.
Bergbau
A2P4W1
US03940R1077

weitere Unternehmen:

Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.