BTU News and Press, Peabody Energy Corporation From 05/25/22

Philadelphia, Pennsylvania--(Newsfile Corp. - May 25, 2022) - A securities class action filed against Peabody Energy Corporation has survived a motion to dismiss. Current Peabody Energy shareholders who have held shares of Peabody's stock since at least September 22, 2018, can seek corporate r...

The prices of gas and coal have increased significantly these last few months, which has impacted businesses and consumers alike. However, findings from an analysis conducted by TransitionZero show that it has become cheaper to switch to clean energy from coal in comparison to switching ...

Germany's economy minister Robert Habeck said Tuesday that the country is making plans in case Russia cuts off gas to Europe. The comments come one day after Mr. Habeck said to expect an EU-wide embargo on Russian oil imports "within days." The list of assets on standby to generate electricit...

Teck Resources, the largest coking coal producer in N. America, has soared in value in large part due to its spectacular coking coal operations. Teck strongly believes that demand will remain robust -- not for months or years -- for at least 2-3 more decades. Colonial Coal has 2 h...

US natural gas prices (NG1:COM) rallied ~9% Monday, and are set to close at their highest level since 2008. Domestic demand has shown strength this month, as a quick transition from winter heating to summer cooling has increased consumption in the power sector and led to low inventories: ...

Much ink has been spilled over the companies and sectors benefitting most from the pandemic. Behavioral changes stemming from health concerns, paired with historic fiscal and monetary stimulus, fueled share price performance for many perceived "pandemic winners." Salesforce (CRM) replaced Exx...

The White House is planning a meeting between the crown prince of Saudi Arabia, Mohammed bin Salman, and President Biden. Biden had previously referred to the Prince as "the pariah" and said he has "no redeeming social value;" statements which likely led to Saudi declining an invitation to sp...

Electricite de France (OTCPK:ECIFF) cut the company's nuclear power production guidance for the fourth time this year, reducing 2022 targets from 305TWh (midpoint) to 290TWh (midpoint). In Early January, the company expected to generate 345TWh of power. With Thursday's update, 2022 guidance h...

Energy stocks (XLE) were not immune from Wednesday's steep selloff in equities (SPY), despite relatively positive developments across the commodity landscape. Natural gas prices (UNG) traded green most of the day, and are set to close flat, as continued production growth challenges led Pionee...

US thermal coal producers have enjoyed strong performance year to date, as Europe has bid up liquified natural gas prices to rebuild inventories, driving Asian buyers to substitute thermal coal into the power stack, and resulting in record seaborne thermal coal prices: However, for US produce...