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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.

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Results for BTU
MoneyTrading
4 Sep 15 22:51:12
http://t.co/Fbbwdq2sQp Jaw Dropping verified $419,777 profit on a trade super_trades $CSIQ $BTU $NOV $WEN
zenia merrett
4 Sep 15 20:54:02
RT @morganbrock64: Fasten Your Seatbelt - Natural Gas Is Ready To Blast Off http://t.co/6RGuZOzaTq $ARO, $CHK, $COG, $EQT, $SWM, $BTU, $UNG
Dakota Financial
4 Sep 15 19:45:48
Peabody Energy Bonds Drop 8.5% During Trading $BTU http://t.co/xVjjfXD9Mr
Janie Tracey
4 Sep 15 19:45:18
BTU Peabody Energy Corp. Chart http://t.co/xDYiJWOYBf $BTU $C $AVXL $SBUX #BTU #invest #stocks
Breaking News Now
4 Sep 15 19:42:03
$BTU: Peabody Energy Bonds Drop 8.5% During Trading (BTU): http://t.co/hVxOEo4sUn
Lis!
4 Sep 15 19:24:38
RT @ACInvestorBlog: $BTU is forming a potential cup & handle bottom pattern (bullish formation). Next wk we could see a move up to 2.74 htt…
allwaysbull
4 Sep 15 18:59:58
Hablan de carbon x no se q cosa de la #CadenaNacional me acuerdo de $BTU y ssssshhhhhoroooo
John Dianovich
4 Sep 15 17:41:16
$BTU spiked higher just b4 2PM on no news.
lavada mcomber
4 Sep 15 16:54:02
$BTU went green $ACI lagging
Penny Detective
4 Sep 15 15:47:50
http://t.co/R86fyaXHDZ ClayTrader: * * $BTU Video Chart 09-04-15 * *: ClayTrader http://t.co/VlJ5DaZs6F
Binary Trader Pro
4 Sep 15 15:22:10
RT http://t.co/nrpiHxrgEg RT DividendStoxApp: $BTU is one of biggest winner #stocks today. read more: http://t.co/1NVMCnEpjN
TopFiveTraders
4 Sep 15 15:16:10
RT @DividendStoxApp: $BTU is one of biggest winner #stocks today. read more: http://t.co/Z9GJmWd1nJ
The Daily Dividend
4 Sep 15 15:15:04
$BTU is one of biggest winner #stocks today. read more: http://t.co/Z9GJmWd1nJ
Billy Walsh
4 Sep 15 15:13:02
$SPY $BTU Pretty accurate pre mkt just did not get the MOMO in oil/gas/whaleshit https://t.co/PrK19yhRgc
Ale
4 Sep 15 15:10:09
RT @ACInvestorBlog: $BTU is forming a potential cup & handle bottom pattern (bullish formation). Next wk we could see a move up to 2.74 htt…
DayTraderChoice
4 Sep 15 15:06:45
ClayTrader: * * $BTU Video Chart 09-04-15 * * http://t.co/wU90xg60Bz
SKS1586
4 Sep 15 15:04:15
$BTU $BTU is forming a potential cup & handle bottom pattern (bullish formation). Next ... http://t.co/u0jRjrFIVy
TradeTrigger
4 Sep 15 14:58:13
RT @ACInvestorBlog: $BTU is forming a potential cup & handle bottom pattern (bullish formation). Next wk we could see a move up to 2.74 htt…
Billy Walsh
4 Sep 15 14:55:11
RT @ACInvestorBlog: $BTU is forming a potential cup & handle bottom pattern (bullish formation). Next wk we could see a move up to 2.74 htt…
HotStockAlert
4 Sep 15 14:54:56
ClayTrader: * * $BTU Video Chart 09-04-15 * * http://t.co/dRXmbxgBak
Venky Srinivasan
4 Sep 15 14:53:36
RT @ACInvestorBlog: $BTU is forming a potential cup & handle bottom pattern (bullish formation). Next wk we could see a move up to 2.74 htt…
MX Trades
4 Sep 15 14:53:09
RT @ACInvestorBlog: $BTU is forming a potential cup & handle bottom pattern (bullish formation). Next wk we could see a move up to 2.74 htt…
propshop73
4 Sep 15 14:52:44
RT @ACInvestorBlog: $BTU is forming a potential cup & handle bottom pattern (bullish formation). Next wk we could see a move up to 2.74 htt…
Antonio Costa
4 Sep 15 14:52:10
$BTU is forming a potential cup & handle bottom pattern (bullish formation). Next wk we could see a move up to 2.74 http://t.co/Uhsi5IchJQ
NOEL PENA
4 Sep 15 14:45:55
RT @ConnorAlerts: great free video lesson here http://t.co/pQV3sHQzZ0 on how I banked $4,500 in three days during the "market crisis" $FORD…
DayTraderChoice
4 Sep 15 14:20:15
ClayTrader: * * $BTU Video Chart 09-04-15 * * http://t.co/DcNvNzYF3y
HotStockAlert
4 Sep 15 14:20:13
ClayTrader: * * $BTU Video Chart 09-04-15 * * http://t.co/GCThqvVn9G
ClayTrader
4 Sep 15 14:14:15
VIDEO - $BTU Stock Technical Analysis - 09-04-15 - watch here: http://t.co/V1R35qX8hc #stock #stocks #stocktrading
NICK Poulopoulos
4 Sep 15 14:00:30
puts $AXDX $WFM $HON $IWM $BIDU $TSLA long $HRTX $ROX $BTU $LULU for next week
Suzanne Carroll
4 Sep 15 14:00:06
RT @TrendsInvesting: New intraday upward move on Peabody Energy.. $BTU - up 9.05% in 12 minutes - http://t.co/tWTOhVAV9H http://t.co/sWjL0l…
Yamasuta
4 Sep 15 13:40:00
$BTU - SELL Signal at 2.14 on Sep 02, 15 By http://t.co/6PpjiKmc9G, Trading Signals Robot #stock #trading #trade #investing
tgler
4 Sep 15 13:34:21
$BTU up 2,28 strong close
Norma Dowman
4 Sep 15 13:09:14
RT @ACInvestorBlog: $BTU Holding for next week...
Jan Zon
4 Sep 15 13:08:42
RT @ACInvestorBlog: $BTU Nice bounce off support. Strong Bullish options flow today $4 ...... could see a new leg up... http://t.co/WcHs10g…
Media Sentiment
4 Sep 15 12:59:39
$BTU received a new alert. Find out why at http://t.co/nZwqRf3BRT #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 373
Antonio Costa
4 Sep 15 12:56:02
$BTU Nice bounce off support. Strong Bullish options flow today $4 ...... could see a new leg up... http://t.co/WcHs10gujH
Quartermaster
4 Sep 15 12:48:37
$btu gonna make soros famous to new generation like all these others guys have in the past
StockTalk
4 Sep 15 12:47:35
$BTU 229
ProfessorKev
4 Sep 15 12:34:55
@DrDuru $btu probably selling of calls in anticipation of BK. lol. And for the record I'm say long but got in at $1 mark
Antonio Costa
4 Sep 15 12:34:26
$BTU Holding for next week...
 narayanjewe
4 Sep 15 12:30:30
Don't Buy #Stocks, Sell them! $$ http://t.co/UefA6lCVsj $BTU $GAS $M $TWX $MS $TIF $DIS $SCHW
StockTalk
4 Sep 15 12:30:25
$BTU has some shorts
StockTalk
4 Sep 15 12:29:13
$BTU no shake
Binary Trader Pro
4 Sep 15 12:26:04
RT http://t.co/FLRTr2zDQm Don't Buy #Stocks, Sell them! $$ http://t.co/M5e3ev7in1 $BTU $GAS $M $TWX $MS $TIF $DIS $SCHW
Binary Trader Pro
4 Sep 15 12:26:03
RT http://t.co/F2984Z07GL Don't Buy #Stocks, Sell them! $$ http://t.co/M5e3ev7in1 $BTU $GAS $M $TWX $MS $TIF $DIS $SCHW
Playboyankur1@gmail.
4 Sep 15 12:24:11
Don't Buy #Stocks, Sell them! $$ http://t.co/FTNr9Tgqno $BTU $GAS $M $TWX $MS $TIF $DIS $SCHW
Playboyankur1@gmail.
4 Sep 15 12:23:19
Don't Buy #Stocks, Sell them! $$ http://t.co/FTNr9Ty1eW $BTU $GAS $M $TWX $MS $TIF $DIS $SCHW
mark cedric
4 Sep 15 12:17:20
Don't Buy #Stocks, Sell them! $$ http://t.co/UMBvAXb1Bh $BTU $GAS $M $TWX $MS $TIF $DIS $SCHW
Kashika.adlakha9
4 Sep 15 12:13:08
Don't Buy #Stocks, Sell them! $$ http://t.co/NaWUoTuCtG $BTU $GAS $M $TWX $MS $TIF $DIS $SCHW
vasanth kumarnr
4 Sep 15 12:06:38
Don't Buy #Stocks, Sell them! $$ http://t.co/UxMbUFXj5V $BTU $GAS $M $TWX $MS $TIF $DIS $SCHW
				
				
  +Follow June 25, 2013 3:40PM
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