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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
ProTradersNews
25 Jan 15 02:26:03
$BTU: Peabody Energy: Free Cash Flow Yield Of 8.5% May Not Matter (BTU): http://t.co/IiQLzCQ0TN
Quantpost Basic Mats
25 Jan 15 01:35:20
$BTU News: "Peabody Energy: Free Cash Flow Yield Of 8.5% May Not Matter $BTU …" http://t.co/FAzGjZLEs9 Board view: https://t.co/YardyqFndM
Seeking Alpha
25 Jan 15 01:35:20
Peabody Energy: Free Cash Flow Yield Of 8.5% May Not Matter http://t.co/eAUDDN6bjr $BTU
Stock Rocket
25 Jan 15 01:13:13
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $LFL $BTU $CMLS
Mick Peel
24 Jan 15 23:10:11
Alumnus of the Year @UofA: CEO Peabody, Gregory H. Boyce '76 @AmericasPower https://t.co/DxTwzgB9Sw $BTU @PARCinc http://t.co/tL9QpCXPoE
Mick Peel
24 Jan 15 22:56:08
Peabody Energy CEO Gregory Boyce will step down May 4. 2014: $BTU exited S&P200, then 500 http://t.co/eXtPqxHgvR http://t.co/oAsnRoCemY
Mick Peel
24 Jan 15 21:19:16
.@breakingstlnews Adios, Gregory H. Boyce steps down on May 4, 2015 @PARCinc $BTU #coal @B_M @RDNS_TAI @lenoretaylor http://t.co/ZzxQ4Bmdrf
Stockaholics
24 Jan 15 21:15:45
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $LFL $BTU $CMLS
Wall Street
24 Jan 15 20:55:42
http://t.co/iQWRYqnOQl....Top penny stocks, NYSE, and NASDAQ trades from the stock market today. +296% last week. $BRCM $ATVI $BTU
Stockaholics
24 Jan 15 16:54:12
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $LFL $BTU $CMLS
Kym L
24 Jan 15 15:40:44
Earnings Tuesday $AAPL $AKS $BMY $BTU $CAT $COH $DD $EA $ETH $FCX $GLW $ILMN $JNPR $LMT $MMM $NUE $OSK $PG $RFMD $UTX $VMW $WDC $X $YHOO
Stock Rocket
24 Jan 15 13:05:04
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $LFL $BTU $CMLS
GThomasLackeyJr CMT
24 Jan 15 11:31:33
January 23, 2015 Relative Strength Scans http://t.co/rMl8ofBY39 $TLT $SLV $UUP $IYR $IYH $IDU $TASR $INCY $ALGT $CREE $SHWC $RIG $BTU $CRR
Stock Rocket
24 Jan 15 09:06:03
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $LFL $BTU $CMLS
Bidness Etc
24 Jan 15 08:17:18
Why Alpha Natural Resources And Peabody Energy (BTU) Stock Is Under Pressure http://t.co/mHzhCwcf6l $ANR $BTU
ProTradersNews
24 Jan 15 06:36:02
$ANR $BTU: Why Alpha Natural Resources (ANR) And Peabody Energy (BTU ...: http://t.co/ndJSm6uSly
The Legacy News
24 Jan 15 05:27:24
Peabody Energy Bond Prices Fall 1.3% $BTU http://t.co/gq7lOlTArZ
Stockaholics
24 Jan 15 04:49:05
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $LFL $BTU $CMLS
Stock Rocket
23 Jan 15 23:57:47
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $LFL $BTU $CMLS
Dakota Financial
23 Jan 15 23:15:11
Peabody Energy Debt Trading 1.3% Lower $BTU http://t.co/ujmLUTHjhF
4-traders.com
23 Jan 15 22:31:06
#Peabody Energy : names new CEO http://t.co/0O8OhTCGlE $BTU
TickerChirp
23 Jan 15 20:38:05
Most Popular Tweets Relevant to $BTU (Peabody Energy Corp symbol BTU) on 01/24/2015 http://t.co/bHWwpYnLKp
ProTradersNews
23 Jan 15 20:21:07
$BTU: Peabody Energy Debt Trading 1.3% Lower (BTU): http://t.co/c69B4O7LAq
Bill T
23 Jan 15 15:14:16
$BTU Insider stock purchases $$$ - see http://t.co/ZLw5Sh8IZy
Stock Rocket
23 Jan 15 13:44:32
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $LFL $BTU $CMLS
TP Strategic Partner
23 Jan 15 13:23:25
$BTU It should be against the law for S & P to announce rating changes during a company's quiet period prior to earnings releases.
Greg Merrill, CFA
23 Jan 15 13:23:04
RT @DividendMaster: $BTU 7 7/8% 2026 @ $78 = new lifetime low = 11.3% , stock is hitting new 11yr lows
ScalpNoob
23 Jan 15 13:02:35
*invests in Coal, Steel, and Oil* *KILLS SELF* $BTU, $ANR, $UCO, $USO, $X, $AKS, $CLF
toob
23 Jan 15 12:52:18
@tphedgegroup $MT and $BTU gotta be patient but wow ridic cheap here
Dividend Master
23 Jan 15 12:50:09
$BTU 7 7/8% 2026 @ $78 = new lifetime low = 11.3% , stock is hitting new 11yr lows
TP Strategic Partner
23 Jan 15 12:49:21
$BTU Has presold 86% of 2015 production...Where does S&P Data come from??
TP Strategic Partner
23 Jan 15 12:46:41
$BTU Manning and Napier announced increased stake, New President has 28 experience with $BHP Our prognosis is as originally stated.
TP Strategic Partner
23 Jan 15 12:29:57
$BTU $BHP $RIO $VALE Partisan wars continue to be fought over Coal. Interesting. We'll see how the majority's Base reacts in new session
JustTradingHoy
23 Jan 15 12:29:17
$BTU S&P analysis pure genius (sarcasm); behind ball by 6 months. S&P rated crap mortgages A+ into 2008. Pain today = opportunity next week
dalestrnad
23 Jan 15 12:05:11
Hey guys,check out $ANR & $btu just picked up 10k shares.took profit on $mhr & some long.buying more $rig $wti $chk -( $spy $aapl $ung $aapl
Joseph Ingersoll
23 Jan 15 11:59:56
RT @WallStreeTopGun: Why are these coal Chiefs not desperately calling one another for merger ideas? Have they simply given up? $KOL $ANR $…
ETrader
23 Jan 15 11:39:35
Why are these coal Chiefs not desperately calling one another for merger ideas? Have they simply given up? $KOL $ANR $WLT $BTU $ACI $CLF
stocked3
23 Jan 15 11:22:25
VCOR Vencor International Enters Into Agreement to Produce Bio-Coal Announcement Follows Successful $CEO $VCOR $BTU http://t.co/tky3zVxdxW
Jason Olive
23 Jan 15 10:12:23
RT @SeekingAlpha: Commodities Today: What Today's Events Mean For Oil, OPEC And Saudi Arabia http://t.co/j7a2YDqLRt $ACI $ANR $BP $BTU $CVX…
ProVesting
23 Jan 15 10:06:05
$ANR $ACI $BTU: Commodities Today: What Today's Events Mean For Oil, OPEC And ...: http://t.co/I8CYBPoemN
Peter Recson
23 Jan 15 10:05:09
RT @SeekingAlpha: Commodities Today: What Today's Events Mean For Oil, OPEC And Saudi Arabia http://t.co/j7a2YDqLRt $ACI $ANR $BP $BTU $CVX…
Alpha Maven Alerts
23 Jan 15 10:00:49
$BTU, Negative sentiment, -0.71, 1H, 1:00 PM EST, 23 Jan, #NYSE $SPY
Michael Scott
23 Jan 15 09:56:55
RT @SeekingAlpha: Commodities Today: What Today's Events Mean For Oil, OPEC And Saudi Arabia http://t.co/j7a2YDqLRt $ACI $ANR $BP $BTU $CVX…
Quantpost Basic Mats
23 Jan 15 09:56:27
$BP $BTU $CVX $XOM News: "Commodities Today: What Today's Events Mean For Oil,…" http://t.co/exkt5JfVWW Board view: https://t.co/SbVkKaUOdY
Seeking Alpha
23 Jan 15 09:56:22
Commodities Today: What Today's Events Mean For Oil, OPEC And Saudi Arabia http://t.co/j7a2YDqLRt $ACI $ANR $BP $BTU $CVX $XOM
Media Sentiment
23 Jan 15 09:55:00
$BTU received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 314
Quantpost Basic Mats
23 Jan 15 09:53:51
$BTU News: "Peabody Energy outlook downgraded by S&P $BTU …" http://t.co/68gy65RqMk Board view: https://t.co/YardyqFndM
MarketCurrents
23 Jan 15 09:53:50
Peabody Energy outlook downgraded by S&P http://t.co/hGq86knQRe $BTU
Media Sentiment
23 Jan 15 09:29:36
$BTU received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 293
Stock Trade Alerts
23 Jan 15 09:20:51
Peabody Energy $BTU Stock Falls Today After Standard & Poor's Downgrade http://t.co/Nz5FQOLvxB
				
				
  +Follow June 25, 2013 3:40PM
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