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sulhaj 21 posts  |  Last Activity: 12 hours ago Member since: Dec 17, 1997
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  • Part 2-

    Though Pullin knew HB-483 would see a late vote, she had no idea how close a of a call it would end up being.

    Any bill passed after midnight is deemed “unconstitutional,” since the law holds legislation to a strict midnight deadline.

    Pullin said Senate votes ended in a 19-19 deadlock. Since a majority is required, she was sure the bill was dead.

    However, when the Senate president routinely asked if anyone wanted to change his or her vote before declaring HB-483’s fate, Sen. Sara Beth Gregory (R-Monticello) stepped out to change her “no” to a “yes.”

    Soon after, three other senators similarly opted in favor of the bill, giving it life.

    “It was like watching one of UK’s NCAA tournament games,” Pullin said. “It had the attention of everyone in the building and when the final vote came out, they all erupted in cheers.”

    The bill was swiftly signed by the speaker of the house and Senate president at 11:50 p.m. and sent to Gov. Steve Beshear’s desk.

    Pullin said the co-sponsorship of other members of the delegation showed legislatures how important the bill is to this region.

    “There are a lot of jobs there (AK Steel) and they are very important to us,” she said. “That’s why I — and everybody else — worked very hard on getting it passed. We need to keep those good jobs in our area.”

    Incentives provided by the bill are vital to modernizing the plant, which could include relining the Amanda Blast Furnace, adding environmental controls and support for supplemental projects.

    Without this bill, it would be hard for Ashland Works to remain competitive and retain jobs.

    The blast furnace at Ashland Works annually consumes more than 100,000 tons of Kentucky coal and almost 100,000 tons of Kentucky high-calcium limestone. The internal lining of the furnace is badly in need of a full reline, according to the company.

    Pullin said she hopes the steel mill will use the incentive extension for just that.

  • Last-minute bill to benefit AK Steel

    Posted On April 18, 2014

    FRANKFORT, Ky. — During the 11th hour of the General Assembly, a bill extending important sustainable incentives for AK Steel’s Ashland Works was pushed through for approval Tuesday night.

    House Bill 483 was created to extend the plant’s incentives provided by the Kentucky Industrial Revitalization Act in 2004.

    These incentives allowed Ashland Works to upgrade its equipment for building automotive grade carbon steel, which in turn provided two million tons of high quality steel to Toyota, Ford and General Motors.

    The agreement was set to expire in July, but has now been extended for an additional 24 months.

    Without the approval of this bill, many jobs would be in jeopardy, Rep. Tanya Pullin (D-South Shore) said.

    Pullin was the primary sponsor for the bill with the rest of the northeast Kentucky delegation signing on as co-sponsors, including Representatives Rocky Adkins (D-Morehead), Kevin Sinnette (D-Ashland) and Jill York (D-Grayson).

    Sen. Robin Webb (D-Grayson) also advocated for the bill in the Senate, where it was unsuccessful.

    The bill was initially successful, unanimously passing through the House of Representatives and then going on to the Senate.

    But Pullin explained once the bill appeared in the Senate, a member added an “unrelated amendment” that included incentives for nuclear power plants in western Kentucky, ultimately causing the entire bill to suffer.

    “Then the bill became complicated,” she said. .But when I saw we were having a lot of difficulties with the bill, I was able to use a parliamentary procedure to put the guts, or language, of the AK Steel bill as an amendment to another bill in my (house) committee.”

    After doing that, she was able to send the new bill back to the Senate for a concurrent vote.

    But problems arose with the new format of the bill. Concurrent votes are generally taken at the end of the assembly.

    Though Pullin knew HB-483 would see a

  • KLR Group Downgrades Halcon Resources Corporation to Reduce, Maintains $3.75 PT

  • Reply to

    Jesus hates coal investors

    by jimjohn320 Apr 10, 2014 4:03 PM
    sulhaj sulhaj Apr 10, 2014 6:00 PM Flag

    What happen if a Jew or muslim buy coal stock. What will Jesus do to them.

  • M Stanley recommends China steel stocks, with Angang as top pick
    2014-04-08 12:16:17

    SHOW STOCK INFO SIZE

    The outlook for China steel sector has turned attractive and the demand has improved, as the Chinese government put a limit on production in order to curb pollution, Morgan Stanley said in a report. The broker believed the industry will be more balanced. Given lower iron ore costs and recovery in seasonal demand, the steel prices and gross profit of steel companies would rebound.

    ANGANG STEEL (00347.HK) +0.020 (0.370%) Short selling $12.83M; Ratio 14.836% and Baosteel were the most preferable steel stocks by Morgan Stanley, both rated Overweight. The price target for ANGANG STEEL was $7. Meanwhile, MAANSHAN IRON (00323.HK) +0.010 (0.549%) Short selling $286.28K; Ratio 0.759% was kept Equalweight with target price of $2.4

  • Alpha Natural Resources’s “Market Perform” Rating Reaffirmed at FBR Capital Markets (ANR)

    Posted by Ethan Ryder on Apr 3rd, 2014 // No Comments

    Alpha Natural Resources (NYSE:ANR)‘s stock had its “market perform” rating reiterated by equities research analysts at FBR Capital Markets in a research note issued to investors on Tuesday, Stock Ratings News reports.

  • Cold Winter Will Lead To Higher Coal Prices: Sterne Agee
    by Clayton BrowneMarch 25, 2014, 12:52 pm

    Higher coal consumption will lead to higher coal prices in the near future, says Sterne Age
    A Sterne Agee Industry Report dated March 25, 2014 and titled “Coal 360: Burn Up, Stockpiles Down” points out that the last few months of very cold winter weather across the U.S. has depleted the coal stockpiles of many utilities. Sterne Agee analysts Michael S. Dudas and Satyadeep Jain argue that this is likely to lead to higher coal prices in the near future as utilities begin to purchase more to refill their reserves.

    The analysts summarize their call below: “Jan ’14 coal stockpiles have now dropped to lowest levels, on an absolute basis, since Sep ’06. Given continued below normal temperatures, we expect above average coal stockpile drawdowns in Feb ’14 and Mar ’14 as well. As utilities continue to work down inventories, we expect pricing to pick up on expectations of market tightness and increased contracting.”

    Electricity generation and coal consumption up

    The Sterne Agee report highlights that net electricity generation in the U.S. increased 8.2% year over year (y/y) in January, and almost all of the increase can be attributed to the cold weather. Related to this, given that many utilities generate a good bit of their above-projected-demand electricity from coal, coal consumption increased 11.6% y/y in January to 83.7 million tons. Coal consumption in January was the highest monthly coal consumption since July 2012.

    Coal prices increasing, stockpiles shrinking

    Dudas and Jain also point out that coal stockpiles slipped 15.6 MT in January compared to a 5-year average January stockpile drawdown of just 5.6 MT. Bituminous coal stockpiles decreased by 10.8 MT in January, while sub-bituminous coal stockpiles dropped 5.2 MT.

    The SA analysts provide further details below. “Jan ’14 coal stockpiles of 132.3 MT are at lowest levels, on an absolute basis, since Sep ’06

  • Reply to

    scratching my head

    by feckman Mar 21, 2014 10:09 AM
    sulhaj sulhaj Mar 21, 2014 2:41 PM Flag

    lkjdil029 . I told you before do not be a day trader. you need to be holding for the long time not short time. Market will surprise you every day. good luck.

  • Reply to

    AK Steel files automatic mixed securities shelf

    by tvtman Feb 21, 2014 5:23 PM
    sulhaj sulhaj Feb 21, 2014 7:47 PM Flag

    explains 'Shelf Registration'

    Sometimes current market conditions are not favorable for a specific firm to issue a public offering. For example, suppose the housing market is heading toward a dramatic decline. In this case, it may not be a good time for a home builder to come out with its second offering, as many investors will be pessimistic about companies working in that sector. By using shelf registration, the firm can fulfill all registration-related procedures beforehand and go to market quickly when conditions become more favorable

  • Halcon Resources Market Cap: $1.4 billion Share Price: $3.50 52-Week Range: $3.16 to $8.20 Forward P/E: 20 Stock Options: Yes

    Halcon Resources Corp. (NYSE: HK) has been a serial disappointment. But Chairman and CEO Floyd Wilson is no stranger to lucrative deal making in the oil and gas sector – and the Houston-based company is operating in the prolific Bakken, Eagle Ford, and Utica shale regions.

    2013 was the year that revenues started to pick up exponentially, and sales growth is expected to surpass 17%, to $1.16 billion, in 2014. The company is just turning profitable, and that trend is expected to continue. And with the current stock price at less than half its year ago value, the stock could double and still not recover back to its 52-week high.

    Halcon peaked in 2012 with a stock price of about $12, but that figure's been in decline ever since. The shares have dipped low enough that it even trades at a discount to its September 2013 book value of $1.84 billion. This stock used to be considered a buyout candidate, and the endless number of oil and gas mergers that we've seen in recent years could help keep interest in this company alive.

  • Nine Stocks that Could Double in 2014

    By Jon C. Ogg February 1, 2014 9:04 am EST

    .Halcon Resources
    Market Cap: $1.4 billion
    Share Price: $3.50
    52-Week Range: $3.16 to $8.20
    Forward P/E: 20
    Stock Options: Yes

    Halcon Resources Corp. (NYSE: HK) has been a serial disappointment. But Chairman and CEO Floyd Wilson is no stranger to lucrative deal making in the oil and gas sector – and the Houston-based company is operating in the prolific Bakken, Eagle Ford, and Utica shale regions.

    2013 was the year that revenues started to pick up exponentially, and sales growth is expected to surpass 17%, to $1.16 billion, in 2014. The company is just turning profitable, and that trend is expected to continue. And with the current stock price at less than half its year ago value, the stock could double and still not recover back to its 52-week high.

    Halcon peaked in 2012 with a stock price of about $12, but that figure’s been in decline ever since. The shares have dipped low enough that it even trades at a discount to its September 2013 book value of $1.84 billion. This stock used to be considered a buyout candidate, and the endless number of oil and gas mergers that we’ve seen in recent years could help keep interest in this company alive.

    Read more: Nine Stocks that Could Double in 2014 - Archer Daniels Midland Company (NYSE:ADM) - 24/7 Wall St. http://247wallst.com/special-report/2014/02/01/nine-stocks-that-could-double-in-2014/#ixzz2s8DFUOrv
    Follow us: @247wallst on Twitter | 247wallst on Facebook

  • Barclays increased their target price on shares of AK Steel Holding Corp. (NYSE:AKS) from $8.00 to $10.00

  • sulhaj sulhaj Jan 25, 2014 5:56 PM Flag

    Correction,
    10,000x2204 lb x 12 month= about 265,000,000 lb
    265,000,000 x O.4% CU vs design of CU O.23%= 106 million pound of Copper a year is this correct?
    How much Gold and Silver can we produce a year out of 265 million pound of shipment.

  • 10,000 ton x 2000 lb/ ton x12 month= 240,000,000 lb. can some one break down the numbers for Copper,Gold and Silver.
    MM suppose to produce 89,000,000 lb of copper a year and 260,000 oz gold . Any help in this matter from the board members. Thanks

  • AK Steel said to be out of the spot market into the summer. this is great news

  • Any one listen to the CEO when he said if copper prices stay were they at now and the exchange rate for the Canadian dollars stay the same the MM will make us a lot of money. That was the last sentence in the conference.

  • Clarkson Capital Downgrades Arch Coal, Inc. to Underperform, Lowers PT to $2.50


    Last update: 23/01/2014 7:59:34 am

    Clarkson Capital downgrades Arch Coal, Inc. (NYSE: ACI) from Market Perform to Underperform and lowers the price target from $4.00 to $2.50.

  • Nordea Securities upgraded DryShips (NASDAQ: DRYS) from Buy to Strong Buy with a price target of $4.90.

    For an analyst ratings summary and ratings history on DryShips click here. For more ratings news on DryShips click here.

    Shares of DryShips closed at $3.81 yesterday, with a 52 week range of $1.65-$5.00.

  • Nordea Upgrades DryShips Inc. to Strong Buy


    Last update: 23/01/2014 7:50:49 am

    Nordea upgrades DryShips Inc. (NASDAQ: DRYS) from Buy to Strong Buy.

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