On Friday, the Obama administration announced regulations that would limit carbon pollution from new power plants. The Market Vectors-Coal ETF (NYSEARCA: KOL) fell 2.89 percent Friday and is down over 21 percent year-to-date. The proposal would require new coal-fired units would need to meet a limit of 1,100 pounds of CO2 per MWh. According to a recent Reuters article by Valerie Volcovici, the "most efficient coal plants currently in operation emit at a rate of at least 1,800 pounds of CO2 per MWh." "Today's announcement ... is direct evidence that this Administration is trying to hold the coal industry to impossible standards," said West Virginia Senator Joe Manchin.
Cloud Peak Energy Inc. (NYSE: CLD) shares traded in the range of $14.89 to $14.43 Friday before settling to close at $14.90, a decrease of 3.12 percent. The stock appears to be facing some resistance at the $15.44, $15.94 and $16.29 levels. Shares of Cloud Peak Energy have fallen approximately 23.0 percent in 2013.
More information on Cloud Peak Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CLD
Cliffs Natural Resources Inc. (NYSE: CLF) shares traded in the range of $21.88 to $22.83 Friday before settling to close at $21.98, a decrease of 3.30 percent. The stock appears to be facing some resistance at the $22.49 and $23.48 levels with some support at $21.35. Shares of Cliffs Natural Resources have fallen approximately 43.0 percent in 2013.
More information on Cliffs Natural Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CLF
CONSOL Energy Inc. (NYSE: CNX) shares traded in the range of $34.50 to $35.34 Friday before settling to close at $34.89, a decrease of 1.27 percent. The stock appears to be facing some resistance at $35.85 with some support at the $34.41 and $33.65 levels. Shares of CONSOL Energy have gained approximately 8.7 percent in 2013.
More information on CONSOL Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CNX
James River Coal Company (NASDAQ: JRCC) shares traded in the range of $2.03 to $2.14 Friday before settling to close at $2.14, an increase of 0.47percent. The stock appears to be facing some resistance at the $2.14 and $2.27 levels with some support at $1.96. Shares of James River Coal have fallen approximately 33.0 percent in 2013.
More information on James River Coal and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JRCC
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