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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
Stephen s
1 Sep 14 09:22:22
RT @IHPosts: $IMSC P/E Ratio http://t.co/wbgk0qEgON Also See: $HPNN $BTU $T $VIPS ~
Investors Hangout
1 Sep 14 07:13:02
$IMSC P/E Ratio http://t.co/wbgk0qEgON Also See: $HPNN $BTU $T $VIPS ~
Investors Hangout
1 Sep 14 05:56:18
$HCLP Yield http://t.co/oaceTiuQ3O Also See: $BTU $ORE.TO $TNA $CSCO ~
Stocks in News
1 Sep 14 05:08:21
$BTU: Peabody Energy Corporation CEO Says Coal Is Still On Top, But Is It? http://t.co/kesAaF0p1p http://t.co/uQYRIS6gf6
1 Sep 14 04:59:01
$GILD Company Info http://t.co/VQqlLifdfH Also See: $EXPE $GDXJ $BTU $MCD ~
Wall Street Monitor
1 Sep 14 04:08:20
$BTU: Peabody Energy Corporation (NYSE:BTU) Looks For Alternative Options After ... http://t.co/OILNtASrWU http://t.co/yaArDx1LcE
1 Sep 14 03:35:43
$F Ex-Div Date http://t.co/vZf9JBUu5i Also See: $MDY $BTU $GOOG $CAR ~
Investors Hangout
1 Sep 14 03:26:12
$F Dividend http://t.co/WgLLZv1L5h Also See: $TAP $BTU $SLTD $FITX ~
Investors Hangout
1 Sep 14 01:53:40
$EEM 52Wk High http://t.co/WH3jIK1D6f Also See: $IBM $SGLB $BTU $ORE.TO ~
Chasing Stars
1 Sep 14 01:44:54
$EBAY News http://t.co/6pDkETypOA Also See: $URRE $MEAS $TOU.TO $BTU ~
Rosner Stocks
1 Sep 14 01:09:25
$DRYS Open http://t.co/tSc644YJ3J Also See: $CSCO $AAPL $BTU $TQNT ~
Stock Forums
1 Sep 14 00:44:11
$DIS Financials http://t.co/0o6ilIQ7OE Also See: $EEM $MNK $AAPL $BTU ~
Stock Market News
1 Sep 14 00:08:19
$BTU: [video] Facts You Should Know About Coal http://t.co/H3NZyaKqiB http://t.co/YeBJy36bF0
Investors Hangout
31 Aug 14 23:50:44
$DBA % Change http://t.co/WIUofM0pW1 Also See: $ANV $PEIX $BTU $HIMX ~
Investors Hangout
31 Aug 14 23:26:10
$CSCO Bid http://t.co/Vek6TD8gGZ Also See: $XLE $BTU $BTU $URBN ~
Investors Hangout
31 Aug 14 23:11:17
$COP Ask Size http://t.co/863dYZmHAG Also See: $BTU $SLW $YRI.TO $CDE ~
31 Aug 14 22:22:58
$BTU Chart http://t.co/9xTEIeuqN7 Also See: $KORS $CAR $XOP $BIIB ~
Investors Hangout
31 Aug 14 22:20:27
$BTU Exchange http://t.co/U70IeXDHuu Also See: $SLW $URRE $AEM $FXE ~
Chasing Stars
31 Aug 14 22:13:53
$BTU EOD Data http://t.co/tNTG2Gy968 Also See: $EA $XLY $CCJ $GILD ~
Rosner Stocks
31 Aug 14 22:12:03
$BTU Open http://t.co/1c5JxSSH7x Also See: $XLB $X $DGLY $XLV ~
Stock Updates
31 Aug 14 22:08:20
$BTU: Peabody Energy Corporation (BTU), CONSOL Energy Inc. (CNX), and Alpha ... http://t.co/0GgzHYk2lD http://t.co/QqCGBMmCc0
Investors Hangout
31 Aug 14 22:05:58
$BTU Tick http://t.co/hne4L9wpxf Also See: $TWTR $QLD $YRI.TO $DE ~
Stock Forums
31 Aug 14 22:03:28
$BTU % Change http://t.co/5aczHJpIap Also See: $KMP $ABX $XOM $BITA ~
Stock Forums
31 Aug 14 20:34:32
$AU Volume http://t.co/SkpvQ1MQNg Also See: $HD $CAR $BTU $T ~
Investors Hangout
31 Aug 14 19:51:21
$AIG News http://t.co/DmxCcsUuJV Also See: $BTU $AAPL $RSX $VXX ~
Investors Hangout
31 Aug 14 19:13:09
$ABT E.P.S. http://t.co/x6eMuMc6wL Also See: $PDGO $BTU $M $IWM ~
Financial Updates
31 Aug 14 08:08:26
$BTU: Peabody Energy Enjoys Wide Global Presence, Regulations Bind http://t.co/gmIdw0Wo70 http://t.co/cSuSPQYEgM
Thomas Rice
31 Aug 14 07:28:31
The case for $KOL on Russia tensions; $BTU $ANR $CNX http://t.co/JFFGUW80PP
Stephen M Richardson
31 Aug 14 01:49:21
RT @ACInvestorBlog: $ANR $BTU $ACI $WLT U.S. coal stocks could gain on Russia tension http://t.co/e7uLuyMqG9
Antonio Costa
31 Aug 14 01:47:09
$ANR $BTU $ACI $WLT U.S. coal stocks could gain on Russia tension http://t.co/e7uLuyMqG9
Stock News Updates
30 Aug 14 13:08:24
$BTU: Peabody Energy Reduces Production At Burton Mine In Australia; Raises ... http://t.co/9TVYi2ScBu http://t.co/AjrvdNSqFb
Leo Kolivakis
30 Aug 14 09:29:09
U.S. coal stocks could gain on Russia tension $ACI $ANR $BTU $WLT $KOL http://t.co/rZCyBn2iF9 via @reuters
30 Aug 14 04:15:55
$BTU:US 30Aug Negative News #Sentiment http://t.co/ZOdaP0DLTs #SP500
Investors Hangout
29 Aug 14 18:16:30
$TZA Stock Message Board http://t.co/uuQT3Sl98O Also See: $BTU $IBM $TSLA $IBB ~
Business News Now
29 Aug 14 18:08:19
$BTU: PEABODY ENERGY CORP Files SEC form 8-K, Regulation FD Disclosure http://t.co/2MJolYwoa0 http://t.co/tobaahiPms
Investors Hangout
29 Aug 14 18:05:19
$TWTR Ask http://t.co/9Uws2eZF6Y Also See: $BTU $XLK $DBC $PFE ~
Stock Forums
29 Aug 14 17:25:45
$TLT Filings http://t.co/xiaO17ULBk Also See: $PLUG $BTU $GLD $UNG ~
Stock Forums
29 Aug 14 16:50:16
$THC % Change http://t.co/nwPquucQSd Also See: $VGZ $JNJ $BTU $ROST ~
Rosner Stocks
29 Aug 14 14:33:50
$RSP 52Wk High http://t.co/Yw4ibkDeCG Also See: $URA $BTU $HYG $AXCG ~
Chasing Stars
29 Aug 14 13:13:54
$PFE Bid Size http://t.co/3Ppd1gT8CK Also See: $TIP $BAC $BTU $XLK ~
Market Compass
29 Aug 14 13:08:22
$BTU: Why Peabody Energy Stock Has Crashed 20% in 2014 http://t.co/d2RpCP4VRh http://t.co/TH7YzgmHHT
29 Aug 14 13:03:04
Have a good long weekend guys. Still holding $BIDU and $BTU for challenge.
Stock Forums
29 Aug 14 12:51:59
$PG Stock Forum http://t.co/ulGmDBLcFQ Also See: $THI.TO $BTU $XOM $PBR ~
29 Aug 14 12:46:31
Morgan Stanley plans natgas export plant in new commodities foray Adam Jeffery | CNBC Morgan Stanley has $BTU $LNG http://t.co/tS9VfYewU0
Stock Forums
29 Aug 14 12:43:32
$PFE Market Cap http://t.co/FlvmwyXr8q Also See: $EWZ $TZA $BTU $SIRI ~
29 Aug 14 12:09:45
RSII shot up over 100% today! Major Update: http://t.co/GMnQioznZp $LFL $BTU $CMLS
Chasing Stars
29 Aug 14 12:07:00
$NBRI Quotes http://t.co/u7nNbBxFKW Also See: $BTU $DBA $NFLX $BTU ~
Investors Hangout
29 Aug 14 11:57:58
$NEM Change http://t.co/xS5in7phfA Also See: $BTU $NUGT $FLS $XLE ~
Market Int Center
29 Aug 14 10:50:54
Peabody Energy $BTU Showing Support Near $15.43 ( http://t.co/ktElKuyJsX )
Stock Updates
29 Aug 14 09:08:21
$BTU: PEABODY ENERGY CORP Files SEC form 8-K, Other Events http://t.co/lobVJcjgSW http://t.co/MJ0k4lr0zQ
  +Follow June 25, 2013 3:40PM



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