Coal Stocks Get a Shot in the Arm (KOL) (ANR) (PCX)
Tweet Send to a Friend
Coals stocks (NYSE: KOL) are moving higher today after Alpha Natural Resources, Inc. (NYSE: ANR) announced that it has amended its credit facility to give it more flexibility during a period when coal prices are sagging and demand is weak, sending its stock up in early trading. Earlier this month Alpha said it would stop production at four mines in Kentucky, reduce thermal coal production and slash 150 jobs, as low coal prices and high costs have hurt profitability.
Shares of ANR are higher by 5 percent. Shares of Patriot Coal (NYSE: PCX) are also higher, gaining 14 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Shares of ANR are higher by 5 percent. Shares of Patriot Coal (NYSE: PCX) are also higher, gaining 14 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Coal on Watch as Top-Exporter Expected to See Lower Prices in June (ACI) (CNX) (BTU)
- Alpha Natural Resources (ANR) Confident it Can Pay Debt Without Tapping Equity
- Coal Stocks Roiled After Walter Pulls Out of Loan Refi (WLT) (ACI) (ANR) (BTU) (JRCC)
Create E-mail Alert Related Categories
ETFs
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
