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Patriot Coal Corp.

  • Closer Look Into This Spin-Off

    By Mike Thiessen - May 6, 2013 | Tickers: BAM, BPY, PCXCQ.PK

    Toronto-based Brookfield Asset Management's (NYSE: BAM) recent spin-off of Brookfield Property Partners (NYSE: BPY) is finally in the books. In the days since the spin-off became official, these two companies have experienced divergent stock-price movements that may hint at things to come. Specifically, Brookfield Property Partners has seen its share price decline from $22.20 to about $20.80 in the space of six trading days. Meanwhile, Brookfield Asset more »

  • Will More Debt-Laden Spin-offs Sue Their Parent Companies?

    By Mike Thiessen - April 28, 2013 | Tickers: OSH, PCXCQ.PK, BTU, SHLD | Editor's Choice

    Editor's Note: This article has been amended to better reflect Orchard's debt position pre and post spin-off.

    An ongoing lawsuit between now-bankrupt Patriot Coal Corporation (NASDAQOTH: PCXCQ.PK) and its former parent Peabody Energy (NYSE: BTU) has reignited the debate over the tendency of parent companies to load their spin-offs up with undesirable retirement, healthcare and pension debts. After citing an unmanageable burden of over $600 million in long-term more »

  • The Dim Short-Term Outlook for Coal in the U.S.

    By Maxwell Fisher - January 18, 2013 | Tickers: ANR, CNX, PCXCQ.PK, BTU

    Our country is slowly but surely becoming addicted to natural gas. Developments in shale gas drilling techniques have unlocked trillions of cubic feet of gas that a generation ago was thought to be unobtainable. As a power generation source, gas-powered plants are less expensive to build than either nuclear or coal of the same output, and have far less environmental impact upon being burned that coal. I have heard before more »

  • U.S. Coal Producers Set Stage for Export-Driven Recovery

    By John Macris - December 19, 2012 | Tickers: ANR, CNX, KOL, PCXCQ.PK

    The International Energy Agency released its annual Medium-Term Coal Market Report on Tuesday morning, and the publication reaffirms the view that coal demand is growing on a worldwide basis, despite declining consumption here in the United States. Specifically, the IEA expects coal usage to grow at nearly 5% per annum, with two-thirds of the increase coming from China. Coal consumption in the US is expected to decline by 2.5 more »

  • Despite the Outlook for Coal, Alliance Resource is worth a look

    By Steve Binge - May 19, 2012 | Tickers: ARLP, ACI, PCXCQ.PK

    The coal industry has been in the spotlight recently as new EPA regulations were announced that effectively end coal as a fuel source for any new power plants that are to be constructed in the US going forward. At the same time natural gas is at 10-year lows and some energy companies have decided to switch to natural gas as a fuel source for their power plants. As a consequence more »

  • 3 Big Coal Stocks To Buy, 2 To Avoid

    By Michael French - January 31, 2012 | Tickers: ANR, ACI, PCXCQ.PK, BTU

    Coal is primarily used to create electricity and steel, two of the most highly valuable resources in the U.S. Both of these products tend to see an increase in use as the economy begins an upturn. However, recent concern over the possibility of a slower than expected economic recovery has pushed coal stocks down over the past few months. If you believe that the economy is picking up, now more »