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Streaming Delayed Price  /  Updated: 6:40 PM EDT, Apr 17, 2014  /  Add to My Watchlist      
(ANR) Community Analysis from
April 19, 2014
(Stock Blog Hub, 1/24/14)
As we enter the new year, rather than guess at what the broad market will do, I prefer to look at which companies and industries will perform better. Up first, coal. They could really use a...(read more)
Well I didn't hit my profit target with Alpha Natural Resources, Inc (ANR) this morning. My stops took me out of the trade on the pull back. I had moved them forward to stay...(read more)
This mornings trade was a Long position opened in Alpha Natural Resources, Inc. (ANR). I placed a limit buy at $4.83, .01 higher then the prior low. I waited about 15 minutes...(read more)
Alpha Natural Resources (ANR) Company Overview

Alpha Natural Resources NYSE:ANR engages in the production, purchase and sale/resale of thermal and metallurgical coal. Since 2002 when it was established by affiliates of the First Reserve Corporation, it has experienced tremendous growth (in 2005 it had an IPO under $400 million, after the 2011 acquisition of Massey Energy it will have a market value of around $13 billion). As the leading exporter of metallurgical coal from the U.S., ANR is pursuing opportunities to capitalize on tight global supplies and sustained buyer interest from a number of foreign countries. Strong global steel production, coupled with high ocean freight rates and weather and logistical problems encountered by Australian producers, has created opportunities for unplanned metallurgical coal sales overseas this year. China will continue to remain a large importer of coal as well as the country has a large supply of coal but lacks the necessary infrastructure to extract the commodity to meet demand. After the combination with Massey Energy Alpha will have operate 150 coal mines and half of its workforce will be in West Virginia. Though shareholders of both companies approved overwhelmingly the takeover only about 3/4 of them showed up to vote. The Massey Energy deal adds 2.8 billion tons of copper 2P reserves. That's up significantly from 2007 when it operated 65 coal mines (38 underground, 27 surface) and 10 coal preparation plants.[1] Massey's Big Branch Mine (lengthy closure in 2010 due to explosion) used to account for about 1/6th of the company's metallurgical coal shipments. As of March 2011 China is on track to import between 45 and 50 million tons of coking coal (steel making), considering the effect of Australia's flood problems (flooding reduced Queensland's production by more than 15 million metric tonnes, coal exports from Queensland were 15% higher in 2010 than 2009 up to 183.1 million tonnes ended June 2010)[2] Alpha Natural Resources will inevitably face heavier demand (for 2011 the United States is on on pace to export 100 million tons of coal 25% more than it did in 2010). Even though Alpha's price realization per ton has been underwhelming (between 45 and 55 dollars from 2009 into 2011), in the first quarter of 2011 46% of the metallurgical coal it sold commanded more than $324/tonne. The newly acquired West Coal division is largely responsible for the weighing down of consolidated unit prices (sales by West Coal more than doubled in 2010). In March 2011 Massey Energy reported 7,613 employees up from 5951 in March 2010.[3][4]

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