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Energy and Utilities Rebound Following Obama's Remarks

  +Follow June 25, 2013 3:40PM
Tickers Mentioned:

Obama 2President Obama has taken tough actions against carbon emitting, going as far as to declare “war on coal.” Obama will be using a presidential memorandum to sidestep Congress and begin immediately enacting his plan, which aims to cut coal production, reduce carbon emissions, and inject $8 billion into renewable energy resources.

Obama's case was further bolstered when the Supreme Court agreed to hear a case that would bolster the Environmental Protection Agency's (EPA) ability to curb carbon emmissions from power plants.

Energy and utility companies fought this plan tooth and nail. While the plan still has a long way to go before implementation, investors were initially skittish on energy. The S&P 500 Energy Index lost 3.84 percent of its value last month.

Yet energy stocks, after suffering in preparation of the remarks, have actually seen a recent modest gain. Investors seem confident in energy and utilities to weather tighter restrictions and the move away from coal.

That is, should those changes even happen. Obama is utlizing executive branch powers to try to push the plan through quickly, and the plan is sure to be met with much resistance as it moves forward. And not just by energy companies, but by states that have hsitorically relied on coal as a major component of their economy. West Virginia Attorney General Patrick Morrissey, a Republican, said "This president's unprecedented use of the Environmental Protection Agency to enact overreaching regulations and circumvent state primacy has prompted our fellow Republican attorneys general to fight back at full force, and we plan to continue."

Coal company Peabody Energy (BTU) had dropped 17 percent since June 15. But Peabody has regained 1.68 percent to hit $15.10 a share.

Walter Energy (WLT), following a dip last week on the environmental news and word that the company wouldn’t refinance, rebounded and posted a big gain, rising 7.03 percent to hit $11.35 a share.

Utilities that fought the changes the hardest also bounced back. After experiencing a slide of almost 20 percent of its value over the last month, AES Corporation (AES) gained 2.63 percent to hit $11.71 a share. Southern Company (SO) had lost 10 percent since May and posted 1.72 percent gain to hit $43.68.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

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Results for BTU
Keila Forte
26 Nov 14 12:00:47
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26 Nov 14 11:38:59
$ELED is breaking out of bullish flag pattern today. Could be a big couple days here. $BRCM $ATVI $BTU
Yuriko Stowe
26 Nov 14 11:33:53
$NSR Best research on #stocks such s $HOG $BTU $HIT Worth a look http://t.co/osY8gQ5s3Q
Michelle Emery
26 Nov 14 11:29:11
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26 Nov 14 11:19:42
Wowser $ELED in breakout mode. Going long on the 8k news. $BRCM $ATVI $BTU
Lael Nation
26 Nov 14 11:01:59
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Glory Keen
26 Nov 14 10:54:16
$BTU #Stock Watchlist. Dont be left behind $I $SGEN $CHTP #financialnews http://t.co/QjZjfh8fve
26 Nov 14 10:31:40
RT @SeekingAlpha: The Coal Market Will Improve In The Long Term http://t.co/tzKRoWKLBc $ACI $ANR $KOL $WLT $BTU
Mark Trader
26 Nov 14 10:13:00
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26 Nov 14 10:06:32
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Franco Bruner
26 Nov 14 09:57:19
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Drema Deloach
26 Nov 14 09:51:57
$TEG Are you Investing in $EFX $BTU $LGND Visit http://t.co/kvT0d5fEsk
26 Nov 14 09:41:43
Wowser $ELED in breakout mode. Going long on the 8k news. $BRCM $ATVI $BTU
Lyndsay Fitzsimmons
26 Nov 14 09:19:42
#Stocks you might want to hold onto $DTE $LYB $BTU $LGND Visit http://t.co/eKNIf7SRwA
26 Nov 14 08:54:19
Volume Alert - BTU 11.01 Peabody Energy Corp $BTU Hit a high today of 11.05 Closing the day 10:30 at 11.01 +0. http://t.co/M9FOWUPKSk
26 Nov 14 08:53:57
$BTU Volume Alert - BTU Stock 11.01 Peabody Energy Corp $BTU Hit a high today of 11.05 Closing the day 10:30 at 11. http://t.co/u88zxFDRKf
26 Nov 14 08:40:57
$ELED is breaking out of bullish flag pattern today. Could be a big couple days here. $BRCM $JBLU $ATVI $BTU
26 Nov 14 08:16:51
Our Penny Stock Pick On $STTK Gained 171% And Closed up Over 85%! Huge News: https://t.co/MMLz0V8NAH $LFL $BTU $CMLS
Lorenza Salcedo
26 Nov 14 08:01:35
Insider Trading updates on $NYCB $BTU $CTSH $ABX #Stock http://t.co/Au2QV93ISk
Horacio Beebe
26 Nov 14 07:52:12
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Shaquita Foy
26 Nov 14 07:40:31
Latest information on #stocks like $CBSH $UB $BTU $PCLN Give it a try http://t.co/DNHPiVjiIx
26 Nov 14 07:27:27
@gene70 thats not what the environmentalist r saying. fracking better for environment than drilling n coal. $RIG $SPY $SPX $SDRL $CLF $BTU
26 Nov 14 07:27:06
$ELED is breaking out of bullish flag pattern today. Could be a big couple days here. $BRCM $JBLU $ATVI $BTU
Nicky Stokes
26 Nov 14 07:10:04
$BTU Do you think you should hold $CREE $TRV $ARNA #moneymanagement http://t.co/Zhe4lBXmSy
Audrey Machado
26 Nov 14 07:05:17
Are you hanging on to $INTU $BTU $ESRX $IR Goto http://t.co/tgCifOzk8g
26 Nov 14 07:00:56
just remember #obama hates coal n drilling. fracking its better $SDRL $BTU $CLF $RIG $SPY $SPX
26 Nov 14 06:55:08
very high probability $RIG will need to cut dividend as well. $SDRL is a better co than $RIG. $SPY $SPX $CLF $BTU
26 Nov 14 06:53:55
$SDRL $RIG can drill a grave for #icahn n followers because that's what going to happen might as well place $BTU $CLF in there too $SPY $SPX
26 Nov 14 06:52:37
what will #icahn do when $WTI hits $60? $SDRL $RIG r in deep water. well they specialize in deep water drilling :-) $SPY $SPX $BTU $CLF.
ReleaseTEAM Canada
26 Nov 14 06:52:11
RT @FoyHae: Free research on $RE $BTU $CTSH $IBM #investing http://t.co/ht5nJcyIN1
26 Nov 14 06:50:57
oh dear... $RIG $SDRL getting crush. great for me cause i am short :-) at least $SPY $SPX is not moving up too much today...YIPPEE $BTU $CLF
Hae Foy
26 Nov 14 06:49:17
Free research on $RE $BTU $CTSH $IBM #investing http://t.co/ht5nJcyIN1
26 Nov 14 06:43:05
added more short to $AAPL. i will cover if it goes up $.50+. $SPX $SPY $RIG $BTU $CLF
Bonnie Lafleur
26 Nov 14 06:40:19
Dont want to lose like you did with $CPWR $BTU $PHM $DO Visit http://t.co/1xXVEPMKKt
26 Nov 14 06:39:41
like i said, $RIG breaking $25, its game over. $SDRL $SPY $SPX $BTU $CLF. waiting for $BTU to go below $10..matter of time
26 Nov 14 06:38:33
what will #icahn do with $RIG he should buy $RIG when it hits $14. but i would rather buy $SDRL, its a better co. $SPY $SPX $BTU $CLF
26 Nov 14 06:35:09
its game over for $RIG. how's that dividend working out #icahn? $RIG is in deep water. at least $SDRL is suspends dividend. $BTU $CLF $SPX
26 Nov 14 06:33:28
if $SDRL can go down $3 $RIG will soon follow. will be down at least $1 by end of day $BTU $CLF $SPY $SPX $AAPL
26 Nov 14 06:32:18
26 Nov 14 06:28:55
but if u r short $RIG $SDRL $BTU $CLF...WINNING!! $SPX $SPY $AAPL
26 Nov 14 06:28:15
IMHO, $RIG is in deeper water than $SDRL thx to #icahn with the dividend increase....trouble!! $CLF $BTU $SPY $SPX
26 Nov 14 06:28:09
$ELED is breaking out of bullish flag pattern today. Could be a big couple days here. $BRCM $ATVI $BTU
26 Nov 14 06:25:24
i would be in a world of trouble if i didnt hedge short $WTI via $SDRL $CLF $BTU $RIG. $SPY #SPX short so wrong n it hurts. im ok thx to oil
26 Nov 14 06:18:48
Wowser $ELED in breakout mode. Going long on the 8k news. $BRCM $JBLU $ATVI $BTU
26 Nov 14 06:14:36
RT @SeekingAlpha: The Coal Market Will Improve In The Long Term http://t.co/tzKRoWKLBc $ACI $ANR $KOL $WLT $BTU
Seeking Alpha
26 Nov 14 06:14:09
The Coal Market Will Improve In The Long Term http://t.co/tzKRoWKLBc $ACI $ANR $KOL $WLT $BTU
26 Nov 14 06:10:15
@dave_meadows i am so so wrong on $SPY $SPX short n it hurts but im hedge $WTI $OIL $RIG $SDRL $BTU $CLF. a matter of time for $BTU to $3
26 Nov 14 06:08:47
@dave_meadows i dont have many $AAPL short since i am heavily short $WTI via $SDRL $CLF $BTU $RIG n i am very short $SPY $SPX.
Rosaline Bonilla
26 Nov 14 06:06:17
$ATVI Are you thinking of selling $DRQ $BTU $AAPL #moneymanagement http://t.co/e8909ZrY1G
26 Nov 14 06:00:22
if i can only get $SPY $SPX to go down i would be financially well off thx to short $WTI $OIL via $SDRL $RIG $BTU $CLF. Still short $AAPL
  +Follow June 25, 2013 3:40PM



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