Market Vectors® Coal ETF

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  • The must-know dynamics of the global power industry
    Company & Industry Overviews

    The must-know dynamics of the global power industry

    In this series, we’ll look at the structure of the thermal power industry before moving on to focus on the power generation equipment sector.

    By Mike Sonnenberg
  • uploads///ratings
    Earnings Report

    Why Most Analysts Recommend a ‘Hold’ for Cloud Peak Energy

    Of the nine analysts covering Cloud Peak Energy (CLD), seven analysts rated its stock as a “hold,” and two gave CLD a “buy” or “strong buy” rating.

    By Alexis Tate
  • uploads///Part
    Earnings Report

    Analysts Expect Peabody Energy’s Revenues to Rise in 3Q17

    In 3Q15, Peabody Energy (BTU) reported $1.42 billion in revenues. Analysts anticipate that it will post $1.46 billion in 3Q17 compared to $1.26 billion in 2Q17.

    By Alexis Tate
  • uploads///lev
    Company & Industry Overviews

    Understanding Arch Coal’s Financial Position

    Arch Coal’s leverage On June 30, 2017, the book value of Arch Coal’s (ARCH) long-term debt was about $315.6 million, of which ~$297 million is due for payment in 2024. Arch Coal’s leverage, which is its net debt divided by EBITDA (earnings before interest, tax, depreciation, and amortization), has increased since the acquisition of International […]

    By Alexis Tate
  • Energy & Utilities

    Why we’re not seeing capacity additions from coal-fired plants

    The first half of 2014 saw 4,350 MW (megawatts) of new electricity generating capacity, according to the EIA (Energy Information Administration). Of this, 2,319 MW, or 53.3%, was natural gas–fired.

    By Mike Sonnenberg
  • uploads///Part  nginv
    Macroeconomic Analysis

    A lower-than-expected natural gas draw-down – what does it mean?

    According to the EIA, 115 Bcf of natural gas was drawn out during the week ending January 30. It was a lower-than-expected draw-down.

    By Mike Sonnenberg
  • Company & Industry Overviews

    How Westmoreland Coal Maintains Positive Cash Flow Each Quarter

    Range-bound margins Since the majority of Westmoreland Coal’s (WLB) contracts are long-term cost-protected contracts, its margins are protected. Many contracts have high-margin reclamation. The company’s EBITDA[1.earnings before interest, tax, depreciation, and amortization] margins have remained between 10% and 26% during the last six quarters. This trend contrasts with that followed by other major coal producers (KOL) such as […]

    By Alexis Tate
  • uploads///Part  NGPrices
    Macroeconomic Analysis

    Uptick in price of natural gas gives hope to coal producers

    The marginal increase in natural gas prices last week is good news for coal producers (KOL), especially the ones in the Appalachians and the Midwest.

    By Mike Sonnenberg
  • uploads///part  coal stocks
    Macroeconomic Analysis

    PRB coal producers may benefit from restocking at utilities

    At the beginning of winter, the PRB coal producers are struggling to get enough rail cars to meet utilities’ demand. The PRB coal producers may see increased demand well into 2015.

    By Mike Sonnenberg
  • uploads///part
    Macroeconomic Analysis

    Coal Prices Stabilized Last Week after the Previous Week’s Fall

    PRB coal prices have remained under pressure since the start of the year due to low natural gas prices.

    By Mike Sonnenberg
  • uploads///NG prices
    Macroeconomic Analysis

    How Low Natural Gas Prices Could Impact Coal Miners

    Henry Hub benchmark natural gas prices came in at $3.01 per MMBtu for the week ended September 30, 2016. This compares to $3.11 per MMBtu for the previous week.

    By Sheldon Krieger
  • uploads///part  natgas price
    Macroeconomic Analysis

    Natural gas prices stay pressured on a predicted warmer winter

    Natural gas prices and coal’s market share in electricity generation highly correlate. When natural gas prices rise, coal gains market share.

    By Mike Sonnenberg
  • uploads///copri
    Energy & Utilities

    Appalachian Coal Price Rose in the Last Week of September

    During the week ended September 29, 2017, spot coal prices for the Powder River Basin and the Illinois Basin closed at the same price as the previous week.

    By Alexis Tate
  • uploads///Part  coal prices
    Macroeconomic Analysis

    Powder River Basin Coal Breaks the $10 Barrier: Will It Stay Up?

    Powder River Basin coal prices averaged $10.55 per ton for the week ended July 24. Prices averaged above $10 a ton for the first time in the last five weeks.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    US Electricity Generation Rises in Week Ended September 4

    Electricity generation in the US increased to 86.8 million MWh for the week ended September 4, a 4% increase from the previous week’s 83.5 million MWh.

    By Mike Sonnenberg
  • uploads///PArt
    Macroeconomic Analysis

    Rising Natural Gas Inventory Makes Coal Producers Sweat

    The change of 94 Bcf in the underground natural gas inventory during the week of August 28 came in higher than Wall Street analysts’ expectation of 84 Bcf.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    Crude oil prices recover a bit—what does it mean for coal?

    Crude oil prices as of January 22 Crude oil prices recovered marginally during the week ended January 22, 2016. WTI (West Texas Intermediate) crude oil prices closed at $30.99 per MMBtu (million British thermal units) on January 22, 2016, compared to the closing price of $29.42 per barrel on January 15, 2016. Meanwhile, Brent crude […]

    By Mike Sonnenberg
  • uploads///ANR
    Earnings Report

    What Are Analysts’ Ratings for Westmoreland Coal?

    Of the four analysts covering Westmoreland Coal (WLB), 100% or four analysts gave the company a “buy” rating. There weren’t any “sell” or “hold” ratings.

    By Sheldon Krieger
  • uploads///part  KOL
    Macroeconomic Analysis

    Coal producers are feeling the heat

    So far, the milder weather this winter kept natural gas prices subdued. As a result, coal producers (KOL) are under pressure. The current environment isn’t encouraging for coal.

    By Mike Sonnenberg
  • uploads///Part
    Earnings Report

    Gauging Arch Coal’s Net Losses and EBITDA in 3Q15

    Arch Coal reported adjusted EBITDA of $134.8 million in 3Q15 compared to $71.9 million in 3Q14 despite the pricing pressure it experienced during 3Q15.

    By Mike Sonnenberg
  • uploads///Stock price
    Earnings Report

    What Could Drive Arch Coal Stock in 2017?

    Although the majority of coal (KOL) stocks began 2016 on a weak note, they outperformed the broader market in 2016.

    By Sheldon Krieger
  • uploads///Part
    Macroeconomic Analysis

    Falling Temperatures Give Energy to Coal Producers and Utilities

    More than 90% of the coal produced in the US is used for the generation of electricity, meaning that the power utility segment is coal’s largest end user.

    By Mike Sonnenberg
  • Consumer

    Why the Powder River Basin produces more coal with fewer mines

    The western region in the U.S. includes the area west of the Mississippi River. The region produced 520 million tons of coal for the 12 months ending September 11, 2014. The entire U.S. produced 974 million tons of coal during the same period. The western region accounted for 53% of the total coal production in the U.S. It’s important to note that 13 out of 24 western states produce coal.

    By Mike Sonnenberg
  • uploads///CLD
    Consumer

    Why Cloud Peak Energy is well positioned to survive the downturn

    Unlike its peers (KOL) like Walter Energy (WLT), Alpha Natural Resources (ANR), and Arch Coal (ACI), Cloud Peark doesn’t have any exposure to metallurgical coal.

    By Mike Sonnenberg
  • Energy & Utilities

    Why Russian coal could hinder US coal exports to China

    Coal accounts for less than a 20% share in electricity generation in Russia (RSX). Coal production is much higher than the domestic demand. As a result, most of Russia’s thermal coal is exported.

    By Mike Sonnenberg
  • uploads///guidance
    Earnings Report

    What to Expect from Major Coal Mining Companies in Their Future Earnings

    Alliance Resource Partners (ARLP) revised its fiscal 2016 shipments guidance to 36.5 million–37.0 million tons from its prior guidance of 35.0 million–36.0 million tons.

    By Sheldon Krieger
  • uploads///part
    Company & Industry Overviews

    Introducing Alliance Resource Partners: A Company Overview

    In this series, we’ll explore how Alliance Resource Partners has expanded its business and evaluate its key operational metrics and financial position.

    By Alexis Tate
  • uploads///copri
    Energy & Utilities

    Coal Spot Prices Remained Steady in the Week Ended October 20

    During the week ended October 20, 2017, coal spot prices from all the regions remained steady compared to their prices in the week ended October 13.

    By Alexis Tate
  • uploads///Stock price
    Earnings Report

    Factors Driving Major Coal Company Stocks So Far in 4Q16

    Stocks of all major coal mining companies remained upbeat after the US election results on November 9, 2016. The recent rally in natural gas prices helped coal stocks continue their momentum so far in December 2016.

    By Sheldon Krieger
  • uploads///PArt
    Macroeconomic Analysis

    Coal Shipments Continue to Rise amid Weak Natural Gas Prices

    According to EIA estimates, US coal shipments increased marginally to 18.7 million tons during the week ending August 28.

    By Mike Sonnenberg
  • uploads///copri
    Energy & Utilities

    Coal Spot Prices Remain Steady for the Second Month

    On December 18–22, the PRB and Illinois Basin coal prices remained at $12.10 per short ton and $32.60 per short ton, respectively.

    By Alexis Tate
  • Energy & Utilities

    Why survival is for the fittest of US coal producers

    Met coal producers are the worst hit in the current energy environment. Based on our analysis so far, we can conclude that the higher the revenue share of met coal, the steeper the stock prices fell in 2014.

    By Mike Sonnenberg
  • uploads///mlp
    Company & Industry Overviews

    Understanding the Master Limited Partnership Structure of Alliance Resource Partners

    As of December 31, 2016, Alliance Resource Partners was being managed by its MGP, which is 100% owned, directly and indirectly, by AGHP.

    By Alexis Tate
  • uploads///Guidance
    Earnings Report

    A Closer Look at Arch Coal’s Financial Position and 2017 Guidance

    Arch Coal’s (ARCH) 4Q16 earnings were driven by a strong rebound in metallurgical coal prices.

    By Sheldon Krieger
  • uploads///copri
    Energy & Utilities

    No Change in Coal Prices Week-Over-Week

    Powder River Basin coal prices Powder River Basin (or PRB) coal stood at $12.10 per short ton on November 24, 2017. PRB coal prices have not changed for the last three weeks. PRB has surface mines, where sub-bituminous coal is mined. These surface mines, located in Wyoming and Montana, are in the lowest-cost coal mining region in […]

    By Alexis Tate
  • uploads///copri
    Energy & Utilities

    Coal Prices Have Been Steady Week-over-Week

    Powder River Basin (or PRB) coal prices settled at $12.10 per short ton when the market closed on December 1, 2017. The prices were constant for all of November.

    By Alexis Tate
  • uploads///part
    Company & Industry Overviews

    What Factors Could Drive Arch Coal Stock in 2H17?

    1H17 in review Majority of the coal (KOL) stocks began 2017 on a weak note. The stocks have not been able to recoup from the slump until now. They have been outperformed by the broader market and the VanEck Vectors Coal ETF so far in 2017. On September 19, 2017, Arch Coal (ARCH) has fallen […]

    By Alexis Tate
  • Consumer

    China—global iron ore and met coal industry’s lifeline

    China accounts for almost half of the world’s raw steel production. In 2013, China produced 779 million tons of steel. This was a 7.5% increase over 724 million tons in 2012.

    By Mike Sonnenberg
  • Industrials

    Coal is losing its market share in China’s electricity generation

    Coal is the cheapest fossil fuel, but it’s also the most polluting. With its massive electricity generation capacity—mainly coal-fired—China emits the most carbon dioxide in the world.

    By Mike Sonnenberg
  • Consumer

    Westmoreland Coal Company is probably the strongest US coal name

    Westmoreland Coal Company (WLB) operates a unique business model of supplying coal to power plants in the vicinity of mines through cost-effective transportation modes on long-term, cost-protected contracts.

    By Mike Sonnenberg
  • uploads///Part  prof
    Miscellaneous

    Analyzing Walter Energy’s 1Q15 Costs and Profitability

    Walter Energy’s 1Q15 net losses were $80.2 million, compared with $92.2 million in 1Q14. The lower net loss largely resulted from a $58.6 million gain on the extinguishment of debt.

    By Mike Sonnenberg
  • Energy & Utilities

    China’s thermal coal imports—who benefits?

    Apart from shipping companies, coal producers (KOL) around the world benefit from China’s coal imports. However, competition in the Pacific market remains steep.

    By Mike Sonnenberg
  • uploads///Part
    Earnings Report

    Evaluating Arch Coal’s Bituminous Thermal Coal Costs in 3Q15

    Operating costs for Arch Coal’s bituminous thermal segment dropped in 3Q15. Operating cost per ton hit $24.63, higher than in 3Q14 but lower than in 2Q15.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    Did last week’s indicators impact thermal coal prices?

    Central Appalachian thermal coal prices came in at $50.90 per ton for the week ending February 6. Coal prices increased—despite the fall in natural gas prices.

    By Mike Sonnenberg
  • uploads///copro
    Energy & Utilities

    Coal Prices Stay Put in Winter 2017

    For the week ended December 15, Powder River Basin (or PRB) coal prices came in at $12.10 per short ton. PRB coal prices have remained at the same rate since November 10.

    By Alexis Tate
  • uploads///EV EBITDA
    Company & Industry Overviews

    Where Cloud Peak Energy’s Stock Is Trading next to Peers

    On August 17, 2017, Cloud Peak Energy (CLD) had a forward EV-to-EBITDA multiple of 5.5x.

    By Alexis Tate
  • uploads///coprice
    Energy & Utilities

    Spot Coal Prices Remained Flat in the Week Ending November 3

    Powder River Basin coal settled at $11.75 per short ton, while Illinois Basin spot coal prices closed at $32.60 per short ton.

    By Alexis Tate
  • uploads///Part
    Macroeconomic Analysis

    Natural Gas Prices Lean Hard on Coal in Mid-December

    Henry Hub benchmark natural gas prices rose in the week leading up to December 11. But the benchmark natural gas price fell to $1.77 per MMBtu on the day.

    By Mike Sonnenberg
  • Energy & Utilities

    Why natural gas injections affect thermal coal demand

    Coal’s share in electricity generation is down from over 50% in 2004 to 39% in 2013. During the same period, natural gas’ share increased from 18% to 27.5%.

    By Mike Sonnenberg
  • uploads///Energy
    Company & Industry Overviews

    What’s Driving Rio Tinto’s Energy and Minerals Division?

    Rio Tinto’s (RIO) Energy and Minerals division now includes coal, iron ore pellets, titanium dioxide, borates, salt, and uranium.

    By Anuradha Garg
  • uploads///Part
    Macroeconomic Analysis

    What Does a Spike in Coal Power Plant Utilization Rates Mean?

    The EIA published its latest report on capacity factors for power plants on July 27. Coal-based power plants surpassed natural gas-based power plants in utilization.

    By Mike Sonnenberg
  • uploads///Part
    Earnings Report

    How Arch Coal’s Rise in Bituminous Thermal Coal Volumes Hurt Prices in 3Q15

    Arch Coal’s Bituminous Thermal coal segment sold 2.3 million tons in 3Q15 compared to 2.2 million tons in 3Q14 and 1.9 million tons in 2Q15.

    By Mike Sonnenberg
  • uploads///ratings
    Earnings Report

    Why Are Analysts Rating Westmoreland Coal a ‘Buy’?

    Of the three analysts covering Westmoreland Coal (WLB), 100% (three analysts) gave the company a “buy” recommendation.

    By Sheldon Krieger
  • uploads///election results
    Miscellaneous

    Why Did Coal Stocks Soar after the US Election Results?

    The Republicans won the majority of the major coal-producing (KOL) states in the United States such as Wyoming, West Virginia, Kentucky, Pennsylvania, and Montana.

    By Sheldon Krieger
  • uploads///Part  met coal
    Miscellaneous

    Walter Energy’s Path to Bankruptcy: The Beginning

    Western Coal acquisition As we discussed in the previous part, Walter Energy traded under a dollar for more than a quarter until trading was suspended on the NYSE on July 8. The seeds of the fall were sowed back in 2011. Walter Energy filed for Chapter 11 bankruptcy on July 15, 2015. On April 1, […]

    By Mike Sonnenberg
  • uploads///Part  shipments
    Earnings Report

    Cloud Peak Energy’s 2Q15 Shipments: Potential Risk Factors

    Cloud Peak Energy (CLD) shipped 16.0 million tons of coal from its three owned and operated mines in the Powder River Basin (or PRB) in 2Q15.

    By Mike Sonnenberg
  • uploads///dragline
    Company & Industry Overviews

    Westmoreland Coal’s Canadian Operations: An Overview

    Westmoreland’s Canadian operations Westmoreland Coal (WLB) acquired seven surface mines in Alberta and Saskatchewan, a stake in an activated carbon plant, and a char plant in Canada from Sherritt International in 2014. As of January 1, 2016, WLB’s Canadian operations are grouped as one entity, Prairie Mines & Royalty ULC. Its Canadian operations hold total […]

    By Alexis Tate
  • uploads///Part
    Macroeconomic Analysis

    Coal under Pressure as Natural Gas Prices Fall Again

    Natural gas prices ended the September 4 week in red. Low natural gas prices have eaten away market share from coal in electricity generation.

    By Mike Sonnenberg
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    Earnings Report

    Why Natural Gas Dented Arch Coal’s Appalachia Segment in 3Q15

    Arch Coal’s Appalachia segment shipped 3 million tons of coal in 3Q15, down from 3.6 million tons in 3Q14, including 1.6 million tons of metallurgical coal.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    Coal Prices in All Major Regions Remain Steady

    For the week ending September 4, Powder River Basin spot coal prices averaged $10.7 per ton—$0.17 higher than the price for the week ending August 28.

    By Mike Sonnenberg
  • uploads///debt
    Company & Industry Overviews

    The Flip Side of Alliance Resource Partners’ Business: Key Risks

    As of June 30, 2017, ARLP’s long-term contracts totaled ~38.0 million tons for 2017, 20.1 million tons for 2018, and 11.0 million tons for 2019.

    By Alexis Tate
  • uploads///PArt
    Macroeconomic Analysis

    What Do Rising Crude Oil Prices Mean for Coal?

    Crude oil prices rose for the second straight week, albeit at a slower pace. When crude oil production rises, there are fewer railcars available to transport coal.

    By Mike Sonnenberg
  • uploads///Stock
    Earnings Report

    What Could Drive Alliance Resource Partners Stock in 2017?

    The majority of coal stocks began 2016 on a weak note. But they outperformed the broader market in 2016—mostly through gains in the second half of 2016.

    By Sheldon Krieger
  • uploads///Part  wlt stock
    Miscellaneous

    Walter Energy Is Preparing for Chapter 11 Bankruptcy

    On July 15, Walter Energy filed for Chapter 11 bankruptcy. This passes control over the company to its senior creditors. Junior debt holders will have to let go of their claims.

    By Mike Sonnenberg
  • uploads///Part
    Company & Industry Overviews

    Inside Alliance Resource Partners’ Mining Operations

    Alliance Resource Partners (ARLP) operates eight underground mining complexes in two regions: Illinois and Appalachia.

    By Alexis Tate
  • uploads///copri
    Energy & Utilities

    Coal Prices Have Been Constant Week-over-Week

    The coal prices in the Powder River Basin (or PRB) reached $12.10 per short ton for the week ended December 8, 2017.

    By Alexis Tate
  • uploads///part  coal
    Company & Industry Overviews

    Rising Coal Prices May Not Be Good News for U.S. Steel

    Rising coking coal prices could lead to a higher input cost for U.S. Steel. It would be at a disadvantage compared to mini mills.

    By Mohit Oberoi, CFA
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    Earnings Report

    Analyzing Arch Coal’s Powder River Basin Cost Drops in 3Q15

    In 3Q15, Arch Coal’s PRB operating cost per ton came in substantially lower, at $11.71 per ton compared to $12.42 in 3Q14.

    By Mike Sonnenberg
  • Energy & Utilities

    Must-know: The EPA helped a coal producing region

    The Illinois Basin produced ~120 million tons of coal during the 12 months ending September 13, 2014. This was ~65% of the interior region’s total production of 185 million tons during the same period. With estimates reserves of ~50 billion tons, the basin ranks second only to the gigantic PRB.

    By Mike Sonnenberg
  • uploads///Coal
    Earnings Report

    BHP Billiton Revised Its Coal Costs. Here’s Why

    Coal is one of the key commodities for BHP and contributes 21% of its revenues and 20% if its underlying EBITDA.

    By Anuradha Garg
  • uploads///copri
    Energy & Utilities

    Powder River Basin Coal Spot Prices Recovered Sharply

    During the week ended November 10, 2017, PRB coal closed at $12.10 per short ton, which was ~3% higher than $11.75 per short ton that coal maintained for the past five weeks.

    By Alexis Tate
  • uploads///intexp
    Earnings Report

    How Arch Coal’s Leverage and Liquidity Compare

    Arch Coal’s debt According to Arch Coal’s (ARCH) latest 10-Q filings, the book value of its long-term debt is ~$315 million, of which a term loan of ~$297 million is due for payment in 2024. It is also subject to quarterly principal amortization payments of $750,000. Arch Coal’s interest expenses were ~$6.0 million in 2Q17 […]

    By Alexis Tate
  • uploads///part
    Earnings Report

    Could Arch Coal’s Debt Lead the Company to Bankruptcy?

    Most American coal producers are building liquidity through various means to make sure they survive the downturn and avoid bankruptcy.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    US Electricity Generation Remains Steady, But Will Coal Producers?

    The latest EEI report for the week ending January 15, shows that US electricity generation jumped to 79.7 million MWh from 79.2 million MWh the week before.

    By Mike Sonnenberg
  • uploads///Part
    Macroeconomic Analysis

    Natural Gas Prices Rise Marginally—But Not Enough to Boost Coal

    Henry Hub benchmark natural gas prices came in at $2.22 per MMBtu on January 22, 2016. This compares to $2.18 per MMBtu on January 15, 2016.

    By Mike Sonnenberg
  • uploads///BM
    Company & Industry Overviews

    How Westmoreland Coal’s Business Model Differs from Peers’

    Business model Westmoreland Coal (WLB) has a different business model than American coal producer (KOL) peer Arch Coal (ARCH), Alpha Natural Resources (ANRZQ), and Peabody Energy (BTU). Contract Westmoreland Coal’s contracts are long term and cost protected. According to company filings, its weighted average contract life (contract life weighted by tonnage) extends to 2022. Low-cost supplier […]

    By Alexis Tate
  • uploads///ngp
    Energy & Utilities

    Coal Prices Remain Steady in Week Ended November 17

    Power River Basin coal prices In the week ended November 17, 2017, PRB (Power River Basin) coal prices closed at $12.10 per short ton, the same price reported at the end of the previous week. PRB produces sub-bituminous coal from surface mines, which make it a low-cost coal mining area. These coal reserves are located in […]

    By Alexis Tate
  • uploads///Part  natural gas inventory
    Macroeconomic Analysis

    Natural Gas Inventory High Enough to Pressure Coal

    A rise in natural gas inventory is a good indication that winter is over. If inventory is higher than expected, then so is expected supply.

    By Mike Sonnenberg
  • uploads///Co emission
    Company & Industry Overviews

    Clean Coal: The Future of the US Coal Mining Industry

    Clean coal aims to minimize the emission of harmful greenhouse gases with clean coal technologies.

    By Sheldon Krieger
  • Energy & Utilities

    Westmoreland Coal Company’s 3Q 2014 cost performance

    With coal prices plummeting, WLB took a $24 million non-cash charge on derivative contracts. The company also reported interest expenses of $21.3 million in 3Q 2014 compared to $9.9 million in 3Q 2013.

    By Mike Sonnenberg
  • uploads///PArt  natgas inventory
    Macroeconomic Analysis

    Natural Gas Inventory Tops Expectations: Bad for Coal

    Natural gas inventory has risen over the past few weeks since the injection season has started. If inventory is higher than expected, it indicates a higher-than-expected supply, which pressures natural gas prices. A fall in natural gas prices hurts coal producers.

    By Mike Sonnenberg
  • uploads///Inv
    Energy & Utilities

    Natural Gas Inventories and Coal in Week Ended September 1

    When the prices of other fuels are more attractive, the demand for coal can fall, and when other fuel prices increase, coal can become more attractive.

    By Alexis Tate
  • uploads///EPA
    Energy & Utilities

    Why you should care about the EPA’s war on coal

    Coal is the cheapest energy source. But it’s also the most polluting fossil fuel. Power plants emit harmful airborne pollutants like mercury, arsenic, nickel, and sulfur dioxide.

    By Mike Sonnenberg
  • Energy & Utilities

    Will a Republican majority affect the coal industry?

    Deadlock may continue The Republican majority in Congress can create trouble for President Obama’s projects. These projects include an immigration bill, Obamacare, and a quest for cleaner energy. But Obama has vowed to use his executive powers to make way for some of these bills. With the next presidential elections two years away, we may see a […]

    By Mike Sonnenberg
  • Basic Materials

    Must-know: ANR’s thermal coal business in 3Q14

    ANR produces thermal coal from its mines in the Appalachian and Powder River Basin (or PRB). The company had around three billion tons of thermal coal reserves.

    By Mike Sonnenberg
  • uploads///NAC
    Basic Materials

    Why Cliffs wants to operate North American coal at zero EBITDA

    Cliffs maintained its full-year 2014 North American coal expected sales and production volume of 7 million tons. Sales volume mix is anticipated to be ~70% low-volatile metallurgical coal, 20% high-volatile metallurgical coal, and 10% thermal coal.

    By Anuradha Garg
  • Consumer

    Why working capital management saved the day for Peabody

    The company’s accounts receivables reduced to $447 million on June 30, 2014 from $557.9 million on December 31, 2013.

    By Mike Sonnenberg
  • uploads///Coal
    Energy & Utilities

    How Does Vale Plan to Unlock Value in Coal?

    Vale’s (VALE) focus in its coal division is on stabilizing the business, which is why it’s not bothered by the flat growth in production.

    By Anuradha Garg
  • uploads///part  coal percentage
    Company & Industry Overviews

    What Teck Resources Investors Could Expect in 2018

    Asia is the biggest market for Teck Resources’ coal division, accounting for 75% of its shipments.

    By Mohit Oberoi, CFA
  • uploads///inv
    Energy & Utilities

    Natural Gas Inventory Remains below the 5-Year Average

    During the winter, the demand for natural gas increases in the US. In previous weeks, the supply continued to be below the five-year average.

    By Alexis Tate
  • uploads///copro
    Energy & Utilities

    Coal Production Continues to Fall

    On December 21, the EIA released the estimate of the coal volumes produced in the US for the week ending December 16.

    By Alexis Tate
  • uploads///oilpri
    Energy & Utilities

    Crude Oil Prices Rise: Will It Impact Coal Miners?

    On December 21, 2017, the price of Brent crude oil was $64.90 per barrel—up 2.6% from $63.23 per barrel recorded on December 15.

    By Alexis Tate
  • uploads///ngp
    Energy & Utilities

    Natural Gas Prices Continue to Fall

    In the EIA’s STEO report, it predicted that the Henry Hub natural gas benchmark price would average $3.12 per MMBtu in 2018.

    By Alexis Tate
  • uploads///copri
    Energy & Utilities

    Analyzing Coal Production’s Recent Fall

    On December 14, the EIA (Energy Information Administration) issued its coal shipment estimates for the week of December 9.

    By Alexis Tate
  • uploads///oilpri
    Energy & Utilities

    Will the Marginal Drop in Crude Oil Prices Hit Coal Miners?

    On December 15, Brent crude oil settled at $63.23 per barrel—0.3% below the $63.40 per barrel reported on December 8.

    By Alexis Tate
  • uploads///ngp
    Energy & Utilities

    Why Natural Gas Prices Keep Falling despite the Onset of Winter

    The January 2018 US natural gas futures contract price settled at $2.74 per MMBtu (million British thermal units) while the Henry Hub natural gas spot price was $2.71 per MMBtu when the market closed on December 18.

    By Alexis Tate
  • uploads///inv
    Energy & Utilities

    Natural Gas Inventories Down: Positive for Coal?

    Inventories are a significant driver of commodity prices. In this part of our series, we’ll focus on inventory levels for natural gas.

    By Alexis Tate
  • uploads///copro
    Energy & Utilities

    Coal Production Rebounded in the Week Ended December 2

    For the week ended December 2, 2017, coal production rose sharply to 15.7 MMst (million short tons) from 14.1 MMst in the previous week.

    By Alexis Tate
  • uploads///oilpri
    Energy & Utilities

    Are Coal Miners Impacted by a Fall in Crude Oil Prices?

    On December 8, 2017, the price of WTI crude oil was $57.36 per barrel. This price was nearly 2.0% below the price of $58.36 per barrel when the market closed on December 1.

    By Alexis Tate
  • uploads///ngp
    Energy & Utilities

    Chart in Focus: Natural Gas Prices and the Henry Hub Benchmark

    The January 2018 US natural gas futures contract price settled at $2.83 per MMBtu (million British thermal units) when the market closed on December 11, 2017.

    By Alexis Tate
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