- Filipe Nyusi wins Mozambique's presidential election @ Financial Times - 25 minutes ago
Filipe Nyusi, of the ruling Frelimo party, has won Mozambique's presidential election and will lead the southern African nation as it develops its huge gas reserves. Mr Nyusi, a former defence minister, ...
- Analyzing Westmoreland Coal Company’s seaborne coal business Market Realist - 1 hour 53 minutes ago
Westmoreland Coal Company's (WLB) recent acquisition of Sherritt’s mountain operations in Canada has given Westmoreland access to the Coal Valley Mine.
- UPDATE: Mizuho Securities Initiates Coverage On Marathon Oil Benzinga - 5 hours ago
Mizuho Securities on Friday initiated coverage on Marathon Oil Corporation (NYSE: MRO ) with a Buy rating and price target of $40. Analyst Jeffrey Connolly noted that "MRO is a pure-play E&P focused ...
- Why Westmoreland Coal Company’s customer base is a positive thing Market Realist - 5 hours ago
Another positive of Westmoreland Coal Company (WLB) is its customer base. The company supplies coal to utilities with strong balance sheets.
- Why weather is a wild card for propane prices Market Realist - 21 hours ago
Last year, propane prices spiked as a result of a shortage in propane inventories. Propane shortages depend on the severity of the weather.
- Must-know: Cheniere Energy prospects in a nutshell Market Realist - 21 hours ago
If international natural gas prices were to fall, LNG prices would also plummet, and send Cheniere’s stock price tumbling.
- Saudi Arabia's Risky Oil-Price Play @ BusinessWeek - 22 hours ago
By boosting production and lowering prices, Saudi Arabia has helped create a bear market in oil
- Canada's TMX acts on predatory HFTs @ Financial Times - Thu, Oct 23, 2014 2:47 PM EDT
The operator of Canada's largest stock exchange plans to introduce a series of measures to discourage predatory high-speed traders and keep deals from leaking to US markets. Toronto-based TMX Group wants ...
- Will Crude Hold The $80 Price? MrTopStep.com - Thu, Oct 23, 2014 1:39 PM EDT
Last week crude oil futures (CLZ14:NYM) tested and found support twice at the $80.00 area, then proceeded to bounce to the $85 handle before resuming selling pressure this week. What I want to look at today is the Nadex Daily Crude Oil (Dec) $80.00 binary option, based on the CLZ4, which will expire today at 2:30 EST. …
- BP and Chevron report promising oil find @ Financial Times - Thu, Oct 23, 2014 1:17 PM EDT
BP and Chevron have revealed an oil find in deep waters in the US Gulf of Mexico, extending a series of discoveries in a region that has emerged as one of the industry's new technological frontiers. The ...
- An overview of Westmoreland Coal Company’s Canadian operations Market Realist - Thu, Oct 23, 2014 1:00 PM EDT
Westmoreland’s Canadian operations contain six operational surface mines. The company uses dragline excavators to extract coal from these mines.
- Why met coal prices are under pressure Market Realist - Thu, Oct 23, 2014 1:00 PM EDT
Most of the metallurgical coal produced in the U.S. is exported. In fact, metallurgical coal dominates overall U.S. coal exports. In 1Q14, the U.S. exported 28 million short tons of coal.
- Why winter heating might not cost much this year Market Realist - Thu, Oct 23, 2014 1:00 PM EDT
A decrease in natural gas expenditures this year would be the net result of lower fuel consumption—due to a moderate winter—and higher residential gas prices.
- Why Westmoreland Coal Company’s growth strategy is different Market Realist - Thu, Oct 23, 2014 9:00 AM EDT
Kemmerer Mine Westmoreland Coal Company (WLB) bought the Kemmerer Mine in Wyoming from Chevron (CVX) in 2012 at a cost of $164.5 million. The mine is a surface mine spread across…
- Why cold weather warms natural gas investors Market Realist - Thu, Oct 23, 2014 9:00 AM EDT
Last week, natural gas prices didn't increase despite forecasts for cooler weather. The forecast called for weather that would be cooler, but not cold enough to cause freezing temperatures.
- Why survival is for the fittest of US coal producers Market Realist - Thu, Oct 23, 2014 9:00 AM EDT
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 ...
- Why a Barrick-Newmont merger would make sense Market Realist - Thu, Oct 23, 2014 9:00 AM EDT
Both Barrick and Newmont have large, overlapping operations in Nevada. Combining operations would reduce costs and increase free cash flow, which both companies need to do.
- Property portal competition row heats up in the UK @ Financial Times - Thu, Oct 23, 2014 8:35 AM EDT
Online estate agent eMoov has filed a complaint with the UK's competition authority against a start-up property portal, as the battle over online home sales heats up. The business of selling property is ...
- Retailers lead FTSE 100 losses @ Financial Times - Thu, Oct 23, 2014 6:06 AM EDT
UK retailers crowded at the bottom of the FTSE 100 on Thursday after fresh insight into the problems faced by Tesco unsettled the sector. After the biggest name on the UK high street confirmed it overstated ...
- India eyes end to state coal monopoly @ Financial Times - Thu, Oct 23, 2014 3:30 AM EDT
New Delhi has paved the way for private sector companies to mine coal commercially in India, as fuel shortages threaten to choke industrial activity in Asia's third-largest economy. The 27-page ordinance ...
- Oil Search buoyed by PNG gas project @ Financial Times - Thu, Oct 23, 2014 2:43 AM EDT
Oil Search has earmarked up to half its future net profits for dividend payments, as it reported record production following the start up of its US$19bn Papua New Guinea gas joint venture with ExxonMobil ...
- Why American Airlines will benefit from declining oil prices Market Realist - Wed, Oct 22, 2014 5:00 PM EDT
According to the U.S. Energy Information Agency (or EIA), high monthly crude oil production—combined with weakening demand—has caused Brent crude oil spot prices to fall.
- Why strong balance sheets make the difference for coal producers Market Realist - Wed, Oct 22, 2014 5:00 PM EDT
Dismal operating performance, huge debt on the books, and competition from Australian producers have put the survival of American met coal producers in question.
- An overview of Westmoreland Coal Company’s US operations Market Realist - Wed, Oct 22, 2014 4:45 PM EDT
Westmoreland Coal Company’s (WLB) U.S. operations include six surface mines in the western U.S. producing sub-bituminous and lignite ranks of coal.
- Rising supplies sink oil prices to 27-month lows @ USA TODAY - Wed, Oct 22, 2014 4:35 PM EDT
Gas prices likely to continue to slide as oil prices sink to 27-month lows.
- [$$] Two Stocks Burned by Lower Energy Prices @ Barrons.com - Wed, Oct 22, 2014 4:16 PM EDT
We reiterate our long-term normalized natural-gas-price forecast at $4.50 per million British thermal units (MMBtu). Our target price for Callon Petroleum (CPE) [target price cut to $12 from $16] and Energen (EGN) [target price cut to $82 from $105] [both rated at Buy] are most impacted as their valuation is highly levered …
- Hostility limits growth of fracking in Europe @ Financial Times - Wed, Oct 22, 2014 4:12 PM EDT
As the US shale revolution continues to transform the country's energy supply, progress towards establishing whether Europe can follow in North America's footsteps is at a snail's pace. Fracking bans across ...
- Europe strives to wean itself on dependence on Russian gas @ Financial Times - Wed, Oct 22, 2014 4:12 PM EDT
An interim gas deal between Ukraine and Russia has been in the works. If a new price and a timetable for paying off $5.3bn in gas debts can be agreed - at the time of publishing, although progress had ...
- African Minerals' chief lines up purchase of rival @ Financial Times - Wed, Oct 22, 2014 4:04 PM EDT
Frank Timis, chairman of African Minerals, is lining up the acquisition of a rival iron ore mine in Sierra Leone through his privately held company. London Mining, owner of the Marampa mine in Sierra Leone, ...
- Must-know analysis of natural gas inventory report Market Realist - Wed, Oct 22, 2014 2:49 PM EDT
On October 16, the U.S. Energy Information Administration (or EIA) reported a 94 billion cubic feet (or bcf) natural gas inventory build for the week ending October 10. Inventories increased to 3,299 bcf....
- Falling oil price to cut shale costs @ Financial Times - Wed, Oct 22, 2014 2:11 PM EDT
As oil prices have fallen, the cost of production from US shale has emerged as a critical question for investors. In a downturn, higher-cost supply is most at risk, and the need for horizontal wells and ...
- What to Think When Platinum Prices Go Lower Than Gold @ 24/7 Wall St. - Wed, Oct 22, 2014 2:01 PM EDT
Platinum is generally supposed to be worth more than gold per ounce. After all, it is more rare and considered more precious.
- Why last week’s natural gas rig count defies downward trend Market Realist - Wed, Oct 22, 2014 1:00 PM EDT
The U.S. natural gas rig count was up by eight rigs, from 320 to 328, during the week ended October 17.
- Westmoreland Coal Company is up 83% while other coal stocks suffer Market Realist - Wed, Oct 22, 2014 12:45 PM EDT
One thing that drew our attention towards WLB is its stock market performance. While stocks of other coal producers are down substantially since the start of the year, WLB is up 83%.
- Low Oil Prices Hurt U.S. Shale Operations 24/7 Wall St. - Wed, Oct 22, 2014 11:05 AM EDT
Slumping oil prices are putting pressure on U.S. drillers.
- Why investors keep a close eye on natural gas inventories Market Realist - Wed, Oct 22, 2014 10:49 AM EDT
There are supply constraints because of rising demand, especially in the winters. This can push natural gas prices up. Last week, analysts expected a 91 billion cubic feet (or bcf) build in inventories....
- The World's New Biggest Ship? Maybe. Niftiest Ship? For Sure @ BusinessWeek - Wed, Oct 22, 2014 10:44 AM EDT
The Pieter Schelte is a cross between a ship and a massive robot
- Goldcorp chief says Asia buying will support price of gold @ Financial Times - Wed, Oct 22, 2014 9:35 AM EDT
Demand from China and other parts of Asia will support the price of gold, the chief executive of one of its largest miners said, as the precious metal traded near its strongest level in six weeks. Chuck ...
- Copper hopes 'bright despite volatility' @ Financial Times - Wed, Oct 22, 2014 9:28 AM EDT
Copper is set for a period of price volatility as the market digests new supply but long-term prospects remain bright due to grade declines and extended lead times for new projects, according to global ...
- Brent Prices May Be On The Rebound Benzinga - Wed, Oct 22, 2014 9:20 AM EDT
Brent crude oil was steady above $86 on Wednesday as investors saw the potential for global demand to pick up rising. The commodity traded at $86.31 at 8:00 GMT, still buoyant from China's demand figures, ...
- Why Barrick’s long-term production profile is in question Market Realist - Wed, Oct 22, 2014 9:00 AM EDT
With Barrick’s new focus on quality over quantity, many of its mines were sold off in the last year and a half. The company sold off non-core mines, reducing the number of mines from 27 to 19.
- Asia bourses follow Wall Street higher @ Financial Times - Wed, Oct 22, 2014 1:06 AM EDT
Wednesday 06:00 BST. Bourses in Asia-Pacific were mostly positive, taking their lead from gains on Wall Street and better-than-expected Japanese export data. European stocks are expected to open with gains ...
- British Columbia lowers tax in LNG push @ Financial Times - Tue, Oct 21, 2014 9:03 PM EDT
British Columbia has lowered its tax rate for liquefied natural gas sales, following extensive negotiations with oil and gas companies like Shell and Petronas, which are looking to site multibillion-dollar ...
- Oil's Slump Won't Last; Which Stocks to Buy Now @ Barrons.com - Tue, Oct 21, 2014 6:29 PM EDT
Crude oil prices have skidded for four straight weeks, and closed lower over eight of the past 10 weeks, taking many oil and energy stocks down with it. In fact, last week’s 4.9% drubbing in Brent crude oil prices was the worst week in more than 18 months, and Brent crude oil is down more than 22% so far this year, a very …
- Why Barrick suspended Pascua-Lama operations Market Realist - Tue, Oct 21, 2014 5:00 PM EDT
This suspension is positive for Barrick. The capital that had been allocated for the development of this project will be used to pay down Barrick's debt and improve its overall financial condition.
- Codelco sticks with ambitious plans @ Financial Times - Tue, Oct 21, 2014 3:39 PM EDT
Codelco is defying gloom in commodities markets and embarking on a make-or-break series of investments, endeavouring to regain the Chilean state-owned copper miner's lead as the world's largest producer ...
- Total: After de Margerie @ Financial Times - Tue, Oct 21, 2014 1:54 PM EDT
Christophe de Margerie will be remembered for much more than just his stewardship of Total, where he had been chief executive since 2007. But his death on Monday will put new focus on the oil company, ...
- Jefferies Downgrades BHP, Lowers Metals Price Targets @ Barrons.com - Tue, Oct 21, 2014 12:20 PM EDT
With commodities reflecting balances or surpluses in supplies, and risks to demand, Jefferies lowered its price forecasts for metals and coal, and downgraded BHP Billiton. Jefferies lowered its commodity price forecasts and cut earnings estimates for mining companies it covers by an average of 21% in 2015. Its new estimates …
- India Coal, Fuel Reform Boosts Energy Stocks @ Barrons.com - Tue, Oct 21, 2014 11:46 AM EDT
India's moves this week to open up its coal industry to commercial mining, deregulate diesel prices and adjust natural gas prices signal that market reform is in high gear. The India S&P BSE Sensex Index rose 1.2%. India smallcaps are rallying, with the iShares MSCI India Small Cap ETF (SMIN) up 2.8% in recent trading, …
- Reasons to be gloomy about emerging market prospects @ Financial Times - Tue, Oct 21, 2014 11:28 AM EDT
It is hardly surprising that global growth scares would hit emerging markets more powerfully than developed markets. By the end of last week, share prices in developed markets had recovered most of their ...