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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.

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Results for BTU
26 Nov 15 09:47:14
$BTU: Peabody Energy Bonds Trading 1.9% Higher (BTU): https://t.co/EODOlgUsvw
Michael James
26 Nov 15 09:44:13
$MHRC Closed Up Another 100.88% Today! Special Penny Stock Blog Update: https://t.co/ohkeyaXpyZ $LFL $BTU $CMLS
Paul Henry
26 Nov 15 09:38:24
$MHRC has now gained 756.25% In The Past 2 Weeks! Huge News: https://t.co/fKslN0dN7c $LFL $BTU $CMLS
Michael Cook
26 Nov 15 09:35:57
3,500% Gains On Stock Picks In 5 Months And An Amazing New Pick Is On The Way! Get It Early: https://t.co/GCmBVIIC8f $LFL $BTU $CMLS
Norma Dowman
26 Nov 15 09:16:04
Dear $BTU, would you please pop up again? :-) You know what I mean here.
mokrari by @edi_bice
26 Nov 15 09:05:22
Worst underperformers ranked 35-40 $TWIN $SGI $MX $ORN $BTU
26 Nov 15 07:06:22
katelynn debruler
26 Nov 15 06:36:50
RT @SeekingAlpha: Peabody Energy: Mine Sale Should Give It Enough Cash To Get To A Positive Cash Flow Year https://t.co/Baj9xRhD5d $BTU
26 Nov 15 06:29:59
RT kthirum1: lanorarvs62: RT MoeTrading: $CANF starting to look like $KBIO!! $KBIO $MOC $MCUR $AEZS $TSYS $BTU $NV… https://t.co/eGZDHN01Sq
Stella Charlson
26 Nov 15 06:26:44
RT @kthirum1: lanorarvs62: RT MoeTrading: $CANF starting to look like $KBIO!! $KBIO $MOC $MCUR $AEZS $TSYS $BTU $NVCR $CTIC $AAPL $CANF $AV…
Ashley Senn
26 Nov 15 06:04:52
RT @beach_trades: $BTU $CPST some R/S have eyes on-No position yet
Trevor C. Palumbo
26 Nov 15 05:35:47
$BTU Selling mines its not good news for BTU.I tkink we well see the stock in 8-9 usd in the next sesions
Rapid Stocks
26 Nov 15 05:18:22
The Most Accurate Stock Alert Service Made $240,000 Yesterday https://t.co/YEr6mNrmWQ .. $LFL $BTU $CMLS
Breaking News
26 Nov 15 05:06:15
$BTU $EXEL: Hot Stocks News Buzz: Merck & Co., (NYSE:MRK), Peabody Energy …: https://t.co/ipXqK4NBw1
Russell Barbour
26 Nov 15 01:16:18
https://t.co/zkwrjD3miQ <<-- Nice trade by Superman which was replicated by everyone in the chatroom!! $INVN $TTI $BTU $CRTO #trading
25 Nov 15 22:52:27
Black Friday $SALE on #stockmarket. Cash-rich, 5.7 EV/EBITDA, $60M stock buyback plan in Q4. Read: https://t.co/qM8kTQH7RQ $MCO $BTU $SNI
25 Nov 15 21:44:06
LXFT Luxoft Holding, Inc. Yield https://t.co/nlDtQP8jNz $LXFT $BTU $JD $EUM #LXFT #stock #tradeideas
25 Nov 15 21:35:04
ATRC AtriCure Inc. Day High https://t.co/8RRc6Y4SC7 $ATRC $KORS $FTAL.L $BTU #ATRC #share #shareATVI Activision Blizzard Inc. Investor…
25 Nov 15 21:35:03
ATRC AtriCure Inc. Day High https://t.co/qwGIN8jcmy $ATRC $KORS $FTAL.L $BTU #ATRC #share #shareATVI Activision Blizzard Inc. Investor…
25 Nov 15 21:35:03
ATRC AtriCure Inc. Day High https://t.co/oQmeN9kcpf $ATRC $KORS $FTAL.L $BTU #ATRC #share #shareATVI Activision Blizzard Inc. Investor…
25 Nov 15 18:58:31
https://t.co/Fbbwdqk3HX Jaw Dropping verified $419,777 profit on a trade super_trades $CSIQ $BTU $NOV $WEN
The Legacy News
25 Nov 15 18:37:20
Peabody Energy Trading Down 4% $BTU https://t.co/yCKcCKjM4n
Investors Hangout
25 Nov 15 15:46:50
RSP Guggenheim S&P 500 Equal Weight ETF Filings https://t.co/RdnMVCgH0C $RSP $CRM $STE $BTU #RSP #share #stockmarket
25 Nov 15 15:35:03
BTU Peabody Energy Corp. Chart https://t.co/vmV2al32kF $BTU $FDN $EFA $EEM #BTU #nasdaq #stocks
Jocelyn Campbell
25 Nov 15 13:23:43
RT @PSSuperstar: https://t.co/kltyKJ2RKb Stocks in Play: $CRC $AVXL $EXEL $LINE $BTU $LYG $LPI $GGB $CBIS $BIOS $NGCG $SPPI $REXX $NGD
25 Nov 15 12:50:28
REVIEW https://t.co/E3NsRCqD2h TIMFundamentals Part Deux by Timothy Sykes excellent DVD $FUEL $BTU $ENV
25 Nov 15 12:31:49
$SALE Undervalued cash-rich retailer due for gains on Black Friday; $60M stock buyback plan in Q4 https://t.co/qM8kTQpx0i $MCO $BTU $SNI
25 Nov 15 12:23:42
The Most Accurate Stock Alert Service Made $240,000 Yesterday https://t.co/8WvnrVmkBS .. $LFL $BTU $CMLS
25 Nov 15 12:01:11
RT @CCieszynski_CMC: What impact could this year's Paris climate summit have on stocks? https://t.co/6UiP5OwuU6 #trading $VOW $TSLA $BTU $F…
delila jemenez
25 Nov 15 11:48:00
AMBA Ambarella, Inc. Stock Message Board https://t.co/Eqof5n5hIL $AMBA $PBR $BTU $INTC #AMBA #stock #pennystocks
CMC Sales Traders
25 Nov 15 10:57:21
RT @CCieszynski_CMC: What impact could this year's Paris climate summit have on stocks? https://t.co/6UiP5OwuU6 #trading $VOW $TSLA $BTU $F…
Colin Cieszynski
25 Nov 15 10:57:16
What impact could this year's Paris climate summit have on stocks? https://t.co/6UiP5OwuU6 #trading $VOW $TSLA $BTU $FSLR $TRP $KMI
sharleen chelton
25 Nov 15 10:44:53
RT @OptionAlert: Notable gainers among liquid option names this morning include $TSN (+9.4%), $BTU (+7.8%), $CMG (+5.6%), $AA (+4.7%), and …
25 Nov 15 10:41:28
Food for thought $BTU $ACI is posted on $FB https://t.co/2k8xFtdZvd https://t.co/ePMve7UHh3
25 Nov 15 10:30:09
Food for thought $BTU $ACI is posted on $FB https://t.co/a5lX6dODwm
25 Nov 15 10:23:22
Dear $BTU, would you please pop up again? :-) You know what I mean here. 󾇛󾍇 Hope $ACI share 20 for 1. We don't... https://t.co/56pwnfGEIl
Dakota Financial
25 Nov 15 10:08:17
Peabody Energy Bonds Drop 4.8% During Trading $BTU https://t.co/d2VheyHumi
Ashley Senn
25 Nov 15 09:45:01
RT @neetumcasingh: Best stocks of 3Q 2015: $btu $gas $viab $twx $m $ms $cbg https://t.co/23unIG2fgU $$ #stocks
Lauren Gibbs
25 Nov 15 09:12:42
Peabody Energy Bonds Trading 3% Higher $BTU https://t.co/Sks0F56XN7
25 Nov 15 09:10:33
$ACI $BTU Here I see a target of $1.4 very soon !!!
mokrari by @edi_bice
25 Nov 15 09:05:08
Worst underperformers ranked 35-40 $TWIN $SGI $MX $ORN $BTU
Stock Monster
25 Nov 15 07:33:55
Yesterday We Made $54,000 In Just One Trade More Info Here https://t.co/6lCxWaoHeB .. $LFL $BTU $CMLS
25 Nov 15 07:18:55
$ACI $BTU $RPRX Looks like it's ready to run ! first target $1.4 near term.
25 Nov 15 07:10:27
RT @MarketCurrents: Peabody Energy asset sale helpful for buying time, J.P. Morgan says https://t.co/uYgiuPiKYm $BTU
당의 승리는 정치인이나 하는 말이다
25 Nov 15 07:02:09
UBS cutting stock price to half price target for many energy stocks after good rally yesterday. $SUNE $2, $AKS $1, $X $3 $BTU $6 UBS=shorts
joseph amendolare
25 Nov 15 06:57:07
@SunriseTrader can't name too many stocks that have fallen as far in so little time as $BTU 1:15 reverse split Sept to 40...now 11+
Eagle Colossus
25 Nov 15 06:03:57
RT @superqguru: Can FuelCell Energy carbon capture solution give a cleaner life to Arch Coal $ACI or Peabody Energy $BTU? $FCEL iOwn https:…
Susie Atcheson
25 Nov 15 05:34:56
RT @LongwallNews: UBS slaps a 'Sell' on Peabody Energy, writes ICN editor @LouCaruana (UNLOCKED) #coal $BTU https://t.co/2Ojum2VdEV
Options Chris
25 Nov 15 05:17:49
Ideally, I'd like to see $BTU keep doing reverse stock splits until there's 1 share left and even that's sold short
Options Chris
25 Nov 15 05:17:08
$BTU also saw SI increase 15% to what appears to be a new 52wk high at 40%.
  +Follow June 25, 2013 3:40PM



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