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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
Stockaholics
24 Oct 14 23:33:46
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $LFL $BTU $CMLS
Kym L
24 Oct 14 16:35:37
@RetroWallSt $BTU for surz
Stock Relay
24 Oct 14 14:12:15
$LSBI Bid Size Click Here: http://t.co/RIHchTvhRV Also See: $CPLP $CGI $BTU $LNDC ~
Stockaholics
24 Oct 14 14:11:53
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $LFL $BTU $CMLS
Vic Scherer
24 Oct 14 13:19:43
$BTU and $CLF should be halted for 2 years.
Vic Scherer
24 Oct 14 12:46:18
$BTU and $CLF should take 2 years off.
John Ablemann
24 Oct 14 11:32:52
$BTU Peabody Energy Post-Earnings: A Well-Run Company In A Ravaged Industry ... http://t.co/xM8OI6yDI1
Sqwii
24 Oct 14 10:04:57
#COAL stocks looks hot $ANR $ACI $WLT $BTU
Wealthy Retirement
24 Oct 14 10:00:35
#Coal isn't a bad investment, you're just #investing in the wrong companies... http://t.co/PHA1XdVNGi $ACI $BTU $ANR #stocks
naomihn2000
24 Oct 14 09:54:06
now i am regretting selling $VXX. still short $SPY $RIG $BTU
Stockaholics
24 Oct 14 09:46:29
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $LFL $BTU $CMLS
naomihn2000
24 Oct 14 09:04:08
@dave_meadows but i am all in short $SPY $SPX and now $BTU
naomihn2000
24 Oct 14 09:03:33
@dave_meadows LOL..how did you know its only 10 shares ;-) $RIG $BTU $SPY $SPX. put some more "0" i cut my short position in half for $RIG
naomihn2000
24 Oct 14 08:54:37
i mean reshort $BTU. Still have $RIG short along with $SPY short
naomihn2000
24 Oct 14 08:54:03
covered $VXX so i am going to short $BTU
Ticker Report
24 Oct 14 07:44:09
Peabody Energy Co. $BTU Plans Quarterly Dividend of $0.09 http://t.co/dz5hL0O28c
Tuan
24 Oct 14 07:28:03
If $UNG flushes out today or soon, watching for moves in $WLT $BTU $CLF..
Joe Smyth
24 Oct 14 06:39:09
Rating Peabody: A #coal giant on the ropes http://t.co/edtdoXB3ge via @ieefa_institute $BTU #riskycoal
Seeking Alpha
24 Oct 14 06:28:58
Peabody Energy Post-Earnings: A Well-Run Company In A Ravaged Industry http://t.co/GljvDdiqz1 $BTU
Market Int Center
24 Oct 14 05:31:15
Peabody Energy $BTU Trading Near $10.84 Resistance Level ( http://t.co/uCmsBIzdHN )
naomihn2000
23 Oct 14 18:05:14
i am going to laugh to the bank tomorrow if market tanks $SPX $SPY and $VXX goes north. $BTU short.
Steve S.
23 Oct 14 15:16:16
#madtweets Jimbo, think $BTU will change direction after UNP coal shipment rise, valuation, earnings beat, and short interest? Is it a dud?
MarketCurrents
23 Oct 14 14:29:53
Peabody Energy declares $0.085 dividend http://t.co/LpgBLOvFGF $BTU
US Banking News
23 Oct 14 13:05:54
Peabody Energy announces quarterly dividend of $0.085. Payable on 11/26/2014. 3.30% Yield. http://t.co/Z3N81G8HoC $BTU #BTU
US Banking News
23 Oct 14 13:04:36
Peabody Energy Co. Declares Quarterly Dividend of $0.09 $BTU http://t.co/u06M0jXazJ
Stock Moo
23 Oct 14 12:55:24
$btu: Peabody Energy Declares Dividend Of $0.085 Per Share http://t.co/ySqpPnfRaJ
Stock Moo
23 Oct 14 12:55:20
$btu: Peabody Energy Declares Dividend Of $0.085 Per Share http://t.co/nE4JSOiNAH
Stockaholics
23 Oct 14 12:24:33
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $LFL $BTU $CMLS
4-traders.com
23 Oct 14 11:40:05
Peabody Energy : Declares Dividend Of $0.085 Per Share http://t.co/OrzlqXmck7 $BTU
$Stocknewsalerts
23 Oct 14 11:39:50
$BTU Peabody Energy Declares Dividend Of $0.085 Per Share From our Stock News Alerts App
NASDAQ
23 Oct 14 11:38:04
$BTU - Peabody Energy Declares Dividend Of $0.085 Per Share http://t.co/TnzK3300VD
Stocks News&Markets
23 Oct 14 11:38:03
$BTU - Peabody Energy Declares Dividend Of $0.085 Per Share http://t.co/c7fHU6UBZO
BV Basic Materials
23 Oct 14 11:36:30
$BTU Peabody Energy Declares Dividend Of $0.085 Per Share.. http://t.co/YxkzRlfTAU
US_proptrader
23 Oct 14 11:03:09
$ALJ $BBG $BCEI $BTU $CIE $CLR $CPE $CRK $KERX autocharts @ http://t.co/hj7PGeTQk3
Axios
23 Oct 14 09:39:48
@DividendMaster @DonDraperClone some coal will die but $btu and probably $aci will survive. $Wlt and $anr are finished.
Market Int Center
23 Oct 14 08:46:00
Peabody Energy $BTU Trading Near $9.76 Support Level ( http://t.co/ecVTxHJYWG )
US_proptrader
23 Oct 14 08:45:52
$BCEI $BTU $CDE $CRK $GDP $GLOG $HK $JKS $TPLM autocharts @ http://t.co/hj7PGeTQk3
naomihn2000
23 Oct 14 07:39:36
even though i feel $CLF $BTU are in trouble $SPX $SPY
naomihn2000
23 Oct 14 07:38:40
covering $BTU and $CLF for a nice profit. need the money so i can buy $VXX. Still short $SPY $SPX
US_proptrader
23 Oct 14 07:25:51
$AKS $ANGI $APT $BTU $ISNS $LAKE $PEIX $UCO $XCO autocharts @ http://t.co/hj7PGeTQk3
US_proptrader
23 Oct 14 07:09:51
$BTU $CIE $CLR $CPE $EGY $JKS $KN $MDR $ZNGA autocharts @ http://t.co/hj7PGeTQk3
naomihn2000
23 Oct 14 06:47:19
here we go, lets spiral down..$CLF $BTU $SPY
naomihn2000
23 Oct 14 06:46:51
good bye $CLF $BTU $SPY $SPX
TP Strategic Partner
23 Oct 14 06:42:16
$CAT World mining continues to show a rebound. Expect Coal prices to rise 60% in 18 months, Copper, Iron Ore to follow. Buy $BHP $RIO $BTU
naomihn2000
23 Oct 14 06:39:54
along with $BTU, $CLF SHORT
The Stock Janitor
23 Oct 14 06:30:42
$ANR doesn't have to outlast $BTU or $BHP they just need to outlast $WLT and $ACI classic zombie scenario just faster than the other guy
naomihn2000
23 Oct 14 05:40:00
by covering $AAPL yesterday i have dry powder to short more $SPY $SPX. still holding $BTU, $CLF SHORT
Stockaholics
23 Oct 14 01:28:47
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $LFL $BTU $CMLS
Paul Olson
22 Oct 14 16:45:19
$BTU is near a support level, let's see if it can hold onto the $10 mark.
Stockaholics
22 Oct 14 14:03:59
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $LFL $BTU $CMLS
				
				
  +Follow June 25, 2013 3:40PM
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