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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for BTU
PolgarStocks
6 Jul 15 23:18:37
$BTU Percent Change Updated Tuesday, July 7, 2015 02:07:37 AM $PCLN $UNH $TVIX $SMN http://t.co/ZAbA8w3cSV
brian sweetheart
6 Jul 15 23:05:44
Voted top trading group. http://t.co/5eVXN8RJLp Related: $SALT $BTU $SIRI $NBG $AUY
IH News Desk
6 Jul 15 23:02:12
$BSX Stock Price Updated Tuesday, July 7, 2015 01:11:41 AM $GM $BTU $PMCB $MJMJ http://t.co/1L13HGVfwi
clayton
6 Jul 15 22:47:34
XLI Industrials Select Sector SPDR Financials http://t.co/QuuWTvQqqS $XLI $XME $BTU $AA #XLI #finance #stock
IH NASDAQ OMX
6 Jul 15 22:47:09
VALE Companhia Vale do Rio Doce SA % Change http://t.co/4YpdCFNHLg $VALE $BTU $VLTC $EEM #VALE #stockmarket #investing
DennyT
6 Jul 15 22:46:13
UUP PowerShares DB US Dollar Index Bullish Fund E.P.S. http://t.co/bOEr3RG9Au $UUP $BTU $BAC $IWM #UUP #finance #pennystocks
iStock Market
6 Jul 15 22:46:12
RT @clayton_dd: UUP PowerShares DB US Dollar Index Bullish Fund E.P.S. http://t.co/qMSqyxzmFs $UUP $BTU $BAC $IWM #UUP #finance #pennystoc…
clayton
6 Jul 15 22:46:05
UUP PowerShares DB US Dollar Index Bullish Fund E.P.S. http://t.co/qMSqyxzmFs $UUP $BTU $BAC $IWM #UUP #finance #pennystocks
IH NASDAQ OMX
6 Jul 15 22:44:32
TLT iShares Barclays 20+ Year Treasury Bond Fund Summary http://t.co/mLb43eNXxs $TLT $XLE $DIA $BTU #TLT #nasdaq #share
Jake13
6 Jul 15 22:36:33
GOOGL Google Inc. - Class A Quotes http://t.co/ACG9dYt6zN $GOOGL $BTU $HVU.TO $TECL #GOOGL #investing #share
PolgarStocks
6 Jul 15 22:32:40
BTU Peabody Energy Corp. Stock Forum http://t.co/dyvOLvjudN $BTU $KGC $GILD $HZNP #BTU #invest #investing
Analyst Actions
6 Jul 15 21:31:01
$BTU: Analyst action by Stifel Nicolaus on Peabody Energy: http://t.co/8crzVG5GGg http://t.co/li9N97FgHW
IH News Desk
6 Jul 15 20:58:12
$BTU Financials Updated Monday, July 6, 2015 11:11:26 PM $VGK $DBC $BIDU $JNK http://t.co/SGemUCdu9J
Emylers
6 Jul 15 20:41:23
LNKD LinkedIn Corp. Dividend http://t.co/uupRKj4qzV $LNKD $NUGT $BTU $XLU #LNKD #share #invest
IH NASDAQ OMX
6 Jul 15 20:35:08
CYTR CytRx Corp. 52Wk Low http://t.co/jZt2jwbn60 $CYTR $BTU $HUM $XIU.TO #CYTR #stock #stocks
Penny Stockington
6 Jul 15 19:50:48
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $LFL $BTU $CMLS
Stock Dawgzz
6 Jul 15 19:26:33
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $LFL $BTU $CMLS
StockenheimerSchmidt
6 Jul 15 19:22:23
Our Stock Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $LFL $BTU $CMLS
Stock Rocket
6 Jul 15 19:20:50
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHBloV $LFL $BTU $CMLS
Stockaholics
6 Jul 15 19:18:24
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeF3OQ $LFL $BTU $CMLS
Stocks Creamun
6 Jul 15 19:15:14
RT @AlertTrade: How Sonar top NYSE looked @ today's open: $CRK $WLT $YELP $BTU $CLF $ACI $BAS $FXCM $STRI… | SH #TradeAlerts ➡ via http://t…
Stocks Creamun
6 Jul 15 19:15:09
RT @Bong8242CO: $anr $aci $btu idk how it works but i see the same thing in ah as when i bought spwr at $5 2 years ago before $40. Revealin…
PolgarStocks
6 Jul 15 19:13:10
$BTU Investor Opinions Updated Monday, July 6, 2015 10:07:28 PM $TPAC $GM $AIG $VNQ http://t.co/wRgq0BqbHa
PolgarStocks
6 Jul 15 19:13:10
$AMZN Filings Updated Monday, July 6, 2015 10:07:28 PM $AA $QLD $FXE $BTU http://t.co/MCpQXLsSow
YS YOON, 皇室特派留學生 孫子
6 Jul 15 18:52:25
RT @Bong8242CO: $anr $aci $btu idk how it works but i see the same thing in ah as when i bought spwr at $5 2 years ago before $40. Revealin…
당의 승리는 정치인이나 하는 말이다
6 Jul 15 18:32:28
$anr $aci $btu anr ask pps has been tight for closing pps for several months, last week,.80 in ah, now 4.85. .76-.80 is a good ta target
당의 승리는 정치인이나 하는 말이다
6 Jul 15 18:28:46
$anr $aci $btu idk how it works but i see the same thing in ah as when i bought spwr at $5 2 years ago before $40. Revealing target price
Ophir Gottlieb
6 Jul 15 17:14:13
$BTU Trade Card -> http://t.co/Nkh2wvtB9s http://t.co/VKLAC2B2Ld
Penny Stockington
6 Jul 15 16:39:14
$SUTI Has Gained 66.67%, Since Our Penny Stock Blog Alert! Huge News: http://t.co/llIxl7cUOL $LFL $BTU $CMLS
Rosner Stocks
6 Jul 15 16:23:13
$TIP News Updated Monday, July 6, 2015 6:59:29 PM $MPC $BTU $FEYE $AIG http://t.co/tswqJEHJSl
Stock Dawgzz
6 Jul 15 16:21:52
Our Platinum Subscribers Saw Their Penny Stock Alerts Gain Over 200% In 2 Weeks! Big Update: http://t.co/Lhta1yqlzk $LFL $BTU $CMLS
Stockaholics
6 Jul 15 16:12:48
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeWEGo $LFL $BTU $CMLS
Stock Rocket
6 Jul 15 16:10:14
Our Penny Stock Newsletter Alerts Gained 200% In 2 Weeks! Get Our Next Pick Early: http://t.co/4eX1MHBloV $LFL $BTU $CMLS
StockenheimerSchmidt
6 Jul 15 16:09:48
Our Stock Pick On $PPCH Is Up 370% For Our Subscribers, Since Our Original Release At .02! Huge News: http://t.co/Ab9x726B1J $LFL $BTU $CMLS
Sleek Money
6 Jul 15 15:35:47
Peabody Energy Bonds Trading 2.3% Lower $BTU http://t.co/IxJul6NkMI
BreakingStocksNews
6 Jul 15 15:34:02
$BTU: Peabody Energy Bonds Trading 2.3% Lower (BTU): http://t.co/jVxqy4GCvY
Analyst Actions
6 Jul 15 15:24:02
$BTU: Analyst action by Stifel Nicolaus on Peabody Energy: http://t.co/8crzVG5GGg http://t.co/aWPzgqpQ6m
Donut Shorts
6 Jul 15 14:21:30
@BrattleStCap Maybe they are just the oil service version of $BTU, a little late but headed to the same party as the rest of the DITs
Hope Fusaro
6 Jul 15 13:45:10
$BTU Peabody Energy Corp http://t.co/fBSuHgjPNP $AAPL $NFLX $NAT $BIB #AAPL #tradeideas #nasdaq $LNKD $SLV $AMZN $DDC $IPO $GLD $VTI $CEMP
Sophie Courval
6 Jul 15 13:44:44
RT @bosocial: $BTU Peabody Energy Corp http://t.co/OzAW2OZN3d $AAPL $NFLX $NAT $BIB #AAPL #tradeideas #nasdaq $LNKD $SLV $AMZN $DDC $IPO $…
Jacob Wolinsky
6 Jul 15 13:17:58
@AppFlyer @The_Analyst 100+% $BTU $MCP $HLF $FNMA $FMCC
NASDAQStocks
6 Jul 15 13:11:04
RT @AlertTrade: How Sonar top NYSE looked @ today's open: $CRK $WLT $YELP $BTU $CLF $ACI $BAS $FXCM $STRI… | SH #TradeAlerts ➡ via http://t…
Austin Forex Insight
6 Jul 15 13:05:28
RT @AlertTrade: How Sonar top NYSE looked @ today's open: $CRK $WLT $YELP $BTU $CLF $ACI $BAS $FXCM $STRI… | SH #TradeAlerts ➡ via http://t…
Stock Trade Alerts
6 Jul 15 13:05:20
How Sonar top NYSE looked @ today's open: $CRK $WLT $YELP $BTU $CLF $ACI $BAS $FXCM $STRI… | SH #TradeAlerts ➡ via http://t.co/LHfNLyERf1
Stock Horizon LLC
6 Jul 15 13:01:00
How Sonar top NYSE looked @ today's open: $CRK $WLT $YELP $BTU $CLF $ACI $BAS $FXCM $STRI $SHAK http://t.co/ZsJ8IywzRp
binaryoptionsocial
6 Jul 15 12:20:59
RT bosocial: $BTU Peabody Energy Corp http://t.co/OzAW2OZN3d $AAPL $NFLX $NAT $BIB #AAPL #tradeideas $GOOG #lea… http://t.co/XG5hVG1h9O
Susanne Troi
6 Jul 15 12:17:45
RT @bosocial: $BTU Peabody Energy Corp http://t.co/OzAW2OZN3d $AAPL $NFLX $NAT $BIB #AAPL #tradeideas $GOOG #learntotrade #fo… http://t.co…
US_proptrader
6 Jul 15 12:14:36
$ANGI $ARIA $BDSI $BTU $CPHD $GERN $HZNP $SGYP $SXC autocharts @ http://t.co/cLiki3R0GR
US_proptrader
6 Jul 15 11:41:36
$ARIA $BDSI $BTU $ENR $FRO $GERN $JUNO $NLNK $TGTX autocharts @ http://t.co/cLiki3R0GR
NOEL PENA
6 Jul 15 11:07:34
RT @ConnorAlerts: traders on $CLF $KGC $BTU $SD $DANG $ARIA STUDY my rules for bottom bouncers here: http://t.co/QBv4G4JMOE cannot stress t…
				
				
  +Follow June 25, 2013 3:40PM
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