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Exide Technologies Message Board

sulhaj 6 posts  |  Last Activity: Apr 24, 2015 9:24 AM Member since: Dec 17, 1997
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  • NSW weather impact - Update #5

    24 Apr 2015

    Hunter Valley

    Due to continuing high flood waters and unpredictability about when they might recede, ARTC remains unable to provide a firm forecast for services to return. Once the flood waters drop around Maitland and flood gates are removed, at least three days of repairs to track and signalling will be required before all services can resume operations safely.

    All Hunter coal chain, freight and passenger services remain suspended.

    ARTC will continue to work with our customers and the Hunter coal chain on an operational start up plan for coal, passenger and general freight that will take into account the need to meet passenger timetables, provide coal customers with access to the Port and above all, safety.

    Interstate network

    The mid North Coast track remains closed, affecting freight and passenger services. There are currently 28 work sites requiring repair works, with two of those particularly complex, around Tocal, requiring major engineering solutions. ARTC is working towards providing a preliminary forecast early next week.

  • Weather impact on ARTC network - update 4

    23 Apr 2015

    Hunter Valley

    Due to high flood waters, the Maitland flood gates being closed and continued difficult conditions, the forecast to return Hunter Valley operations has been revised and is expected to be an additional 48 hours at the earliest.

    However, this forecast is still contingent on flood waters receding and access to the track. Sections of the track remain underwater and there will be significant clean up requirements to allow track repairs.

    Hunter coal chain, freight and passenger services remain suspended.

    ARTC will continue to work with our customers and the Hunter coal chain on contingency planning and a return to operations while repair works are completed.

    Mid-North Coast

    Further track assessments are being undertaken along the mid-North Coast. There are currently 22 work sites identified as requiring significant repair works and a large amount of track under water. Access in and out of locations remains difficult.

  • Institutional Trading Alert for Alpha Natural Resources

    Posted on 03/31/2015 by Edward Connelly

    Block trades serve as a useful indicator for investors trying to understand the sentiment of large financial institutions. Today, a total of 43 block trades were recorded, typically at least 10,000 shares of stock or more represent a single block unit. Further examination shows that the bought value of the shares was $701,255 versus the sold value of $180,031. The positive cash flow of $521,223 into the stock shows that investors have bullish sentiment.

    A closer look at option trading reveals that a total of 24.45K call and 592 put contracts were traded yielding a 0.02 put/call ratio.

    Alpha Natural Resources is currently trading at $1.00, up $0.06 (6.67%) in today's trading session. The shares of the stock were trading between $0.93 and $1.00. Within the last week, the shares have gained 3.30% of their value. Todays's volume of 6.03M shares is greater than the average volume of 5.32M shares. The technical momentum Relative Strength Index indicator shows oversold conditions. ANR is trading above the fifty day moving average and higher than the two hundred day moving average.

  • - Mar 29,2015 - McConnell Amendment to Fight War on Coal Passes Senate

    Prevents Highway Funds from Being Withheld from States that Refuse to Submit a Plan to Implement EPA’s New Regulation - Mar 29,2015 - McConnell Amendment to Fight War on Coal Passes Senate

    WASHINGTON, D.C. -- The United States Senate approved (57-43) a bipartisan amendment by U.S. Senate Majority Leader Mitch McConnell that would prohibit the withholding of federal highway funds from states that refuse to submit a plan to implement a proposed new EPA regulation. The McConnell amendment to the Senate’s budget resolution would protect states and ensure no highway funds were withheld because of the new demands from the EPA. Federal highway funding has been withheld in the past and used as leverage to force states to comply with mandates from the federal government.

    Under the proposed EPA regulation, states are required to submit State Implementation Plans (SIPs) to dramatically restructure their electricity systems based on EPA’s view on how electricity should be produced and used in each state. Due to the drastic changes required by EPA and because of concerns regarding EPA’s legal authority to enforce this plan, many states have filed suit against the agency to block these regulations. These states, including Kentucky, believe that complying with EPA regulations will wreak havoc on their states’ labor forces and economies. In addition to Kentucky, the states include: Alabama, Indiana, Kansas, Louisiana, Nebraska, Ohio, Oklahoma, South Dakota, South Carolina, West Virginia, Wisconsin and Wyoming.

    “Many states, including my home state of Kentucky, have already filed suit against the proposal on the premise that it is not constitutional, and belief that the agency does not have the legal authority to require states to comply with all of its criteria,” Senator McConnell said. “I appreciate my colleagues for supporting my measure and expressing the belief that highway funds should not be held hostage in the War on Coal. Governors should not fear

  • Lawyers for power producers in the Michigan vs. EPA case before the Supreme Court say a new Obama administration environmental regulation will force the closure of older coal-fired plants and could increase electricity rates 3% across the nation. Above, a coal-fired power plant in Montana. (Matt Brown / Associated Press)

    High court conservatives raise prospect they may block strict emissions standards for coal-fired power plants
    March 25, 2015, 5:36 PM|Reporting from washington

    The Supreme Court's conservative justices sharply questioned the high cost of a new Obama administration environmental regulation Wednesday, raising the prospect they may block the strict emissions standards for coal-fired power plants..

    At issue is a rule, decades in the making, which would forbid these generating units from releasing mercury, arsenic and dozens of other hazardous pollutants into the air.

    The regulation, adopted by the Environmental Protection Agency in 2012 and slated to take effect this year, has been lauded by public health experts who say it will save thousands of lives and benefit hundreds of thousands of asthma sufferers.

    Twenty-one states with Republican governors, led by Michigan, joined with the electric power and coal industries to oppose the rule. Lawyers for the power producers say the rule will force the closure of older coal-fired plants and could increase electricity rates 3% across the nation. In the court, they alleged — and the EPA agreed — that the costs were not carefully weighed when the regulation was put forth.

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  • Coal carloads reach year-highs for three major US railways: AAR

    Houston (Platts)--5Feb2015/250 pm EST/1950 GMT

    US railroads originated 116,794 coal carloads during the week ended January 31, up 4.4% from the year-ago week and up 1.2% from the prior week, the Association of American Railroads said.

    Coal carloads made up 21.3% of all US rail traffic during the week, on an overall volume of 548,478 carloads. In 2014, coal carloads made up 20.3% of all US rail traffic.

    Year-to-date US coal carload originations totaled 452,594, up 4.4%, or 19,078 carloads, compared with the same period last year.

    "January was a good start to the year for US railroads, helped by the fact that the winter so far this year hasn't been nearly as bad as it was last year," AAR Senior Vice President John T. Gray said in a statement Wednesday.

    Platts Global Coal Alert brings real-time coal industry information to those who can't afford to wait until tomorrow to get market coverage and pricing information. With it, you get up-to-the-minute news, overheard transaction information, and market commentaries, along with thermal coal markets pricing for regional and global markets.

    "The AAR recently estimated that US railroads spent a record $27 billion on capital spending and maintenance expenses in 2014, and we're projecting $29 billion in 2015. This massive spending is making it possible for railroads to move their customers' freight more efficiently and reliably and steadily recover from 2014's service issues."

    For the week, coal carloads for the four largest US railroads, which include originations and interchange movements, were mostly up, with three railroads reaching yearly highs.

    BNSF Railway reported a year-high 50,838 weekly coal carloads, up 2.4% from the prior week and up 12.7% from the year-ago week. Coal ca

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