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Energy and Utilities Rebound Following Obama's Remarks

  +Follow June 25, 2013 3:40PM
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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
Meskita
22 Sep 14 15:18:35
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Bonnie
22 Sep 14 15:17:27
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Curt
22 Sep 14 15:16:29
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
DAMERON Architecture
22 Sep 14 15:15:51
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Soff
22 Sep 14 15:12:58
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Claudette
22 Sep 14 15:12:00
Coal is a matter of national security. Why not just give the foreigners keys to or energy production? Idiots run this country $btu $aci $anr
Shark Attack
22 Sep 14 15:10:58
$aci $anr $btu We want energy independence than why press our coal companies to the point they are take over targets by foreigners? Idiots.
Shark Attack
22 Sep 14 15:08:37
Coal is a matter of national security. Why not just give the foreigners keys to or energy production? Idiots run this country $btu $aci $anr
The Hogar Collection
22 Sep 14 15:06:54
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Chris Bostick
22 Sep 14 15:02:18
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Taro Ariga
22 Sep 14 15:02:04
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Phil Davis
22 Sep 14 15:01:28
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Ben Strong
22 Sep 14 15:00:56
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Jeff
22 Sep 14 15:00:29
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Bob Brill
22 Sep 14 14:59:04
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Mario B.
22 Sep 14 14:58:14
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Brenna Leigh
22 Sep 14 14:57:50
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Anne Keckler
22 Sep 14 14:56:16
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Fastball Marketing
22 Sep 14 14:55:55
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
GSM Nation
22 Sep 14 14:55:27
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Erica
22 Sep 14 14:55:07
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Capitol Benefits,LLC
22 Sep 14 14:52:40
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Haleigh
22 Sep 14 14:50:19
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
EAA Chapter 240
22 Sep 14 14:48:38
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Edward Ramirez
22 Sep 14 14:46:50
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Kraig Reed
22 Sep 14 14:45:29
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Bruce
22 Sep 14 14:45:05
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Janoskianitus_101
22 Sep 14 14:44:32
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Jack Fanous
22 Sep 14 14:42:56
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Mz_Miami
22 Sep 14 14:42:32
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Diligent
22 Sep 14 14:41:51
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Marc Thaler
22 Sep 14 14:41:22
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
RBS
22 Sep 14 14:40:55
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Rob
22 Sep 14 14:40:33
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Benson Nebraska
22 Sep 14 14:40:07
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Edward P.
22 Sep 14 14:37:41
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
jimmiwin
22 Sep 14 14:35:29
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Shark Attack
22 Sep 14 14:34:46
$anr $aci $btu Our country tries to put under the coal industry, we have the best coal globally some one is gonna buy it up. It's not right
Yellen's Yodel ™
22 Sep 14 14:34:31
$SPX new 52WK members: $ARG - HIGH $BTU - LOW $CLX - HIGH $DNR - LOW $DO - LOW $DPS - HIGH $EMC - HIGH $ESV - LOW $ETN - LOW $EW - HIGH
Aliza Sherman News
22 Sep 14 14:34:25
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Music Like
22 Sep 14 14:32:49
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Elodie Shipley
22 Sep 14 14:32:21
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Alex Rodriguez
22 Sep 14 14:29:26
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Tweet Your Weight
22 Sep 14 14:28:39
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Richard
22 Sep 14 14:28:09
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Gabe
22 Sep 14 14:27:12
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Richard
22 Sep 14 14:25:00
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Eileen
22 Sep 14 14:24:35
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
katharine
22 Sep 14 14:23:32
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
Geoff Doucette
22 Sep 14 14:21:53
RT @philstockworld: Monday Market Outlook - $T and $AAPL Trades up 90% since June! Ideas for $BTU $CHK $YHOO $DBA $HOV $IRBT and more @ h…
				
				
  +Follow June 25, 2013 3:40PM
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