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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
AlgoWar1337
1 Oct 14 18:39:03
RT @WallStJesus: 👎STOCKS THAT HAVE SEEN REPEAT BEARISH PUT ACTION: $CLF $AVP $BTU $ORCL $BHP $CY http://t.co/1oMv1FEkl0
Cap'n Kev
1 Oct 14 18:27:48
RT @WallStJesus: 👎STOCKS THAT HAVE SEEN REPEAT BEARISH PUT ACTION: $CLF $AVP $BTU $ORCL $BHP $CY http://t.co/1oMv1FEkl0
JE$US
1 Oct 14 18:16:59
👎STOCKS THAT HAVE SEEN REPEAT BEARISH PUT ACTION: $CLF $AVP $BTU $ORCL $BHP $CY http://t.co/1oMv1FEkl0
Robert Eubank
1 Oct 14 18:01:13
@LongShortTrader I'm nervous of $DE and the offshore drillers. $TSN and $BTU are interesting longs
Dumb Money
1 Oct 14 17:32:04
'You should invest in coal stocks like $BTU because they will protect your portfolio in a sell off' @Sean_Hyman in 2013
J. Dessaryo
1 Oct 14 16:40:20
Intermarket pagi ini netral. Sektor COAL mungkin akan cukup tertekan hari ini karena semalam $BTU mengalami koreksi yg cukup dalam
QT Equipment
1 Oct 14 15:12:57
Canadian coal mine sold for $2. Not a share. Total price of TWO DOLLARS. http://t.co/SMKup4jJN3 $ANR $ACI $BTU
Despicable Draghi ™
1 Oct 14 14:20:48
$SPX new 52WK members: $AFL - LOW $AVP - LOW $BTU - LOW $CA - LOW $CBS - LOW $CF - HIGH $CHK - LOW $DISCA - LOW $DNR - LOW $DO - LOW
Stockaholics
1 Oct 14 13:46:59
Subscribe to our Penny Stock Newsletter, for FREE! Major new picks coming: http://t.co/buedBpPSUK $LFL $BTU $CMLS
Ariel Silahian
1 Oct 14 13:09:56
Algorithmic trading CLOSING Oct/01 $GPRE(8.8 %) $STX(3.8 %) $NBG(2.8 %) $CBSO(1.8 %) $BTU(3.6 %) $OAS(5.6 %) $IPG(2.7 %) $TRMB(2.2 %)
JustTradingHoy
1 Oct 14 12:03:04
$BTU just 35 days until elections. Shorts be careful if polls show Republicans taking control of Senate & incresing seats in the House
L J Furman
1 Oct 14 11:00:38
Commented on: "The Paradigm Is Shifting; Fossil Fuels Are Becoming Fossils" http://t.co/VEZUbpEJp9 $BP $BTU $COP $CREE
Stockaholics
1 Oct 14 10:46:38
New, SECRET penny stock alert coming today! Check it out: http://t.co/A2y8IBJKSf $LFL $BTU $CMLS
Seeking Alpha
1 Oct 14 10:42:28
The Paradigm Is Shifting; Fossil Fuels Are Becoming Fossils http://t.co/FyHi6ggRCJ $BP $BTU $COP $CREE $CVX $FSLR $GTAT $HAL $LSCG $NEE
efinancialpub.com
1 Oct 14 09:53:54
RT @SeekingAlpha: If You Own Coal Stocks, You Need General Electric Too http://t.co/AJRjHgZ37a $BTU $KOL $GE
Seeking Alpha
1 Oct 14 09:53:02
If You Own Coal Stocks, You Need General Electric Too http://t.co/AJRjHgZ37a $BTU $KOL $GE
Seeking Alpha
1 Oct 14 09:30:04
Peabody Energy: The Best Coal Stock http://t.co/rEM93A3708 $BTU
12Stocks.com
1 Oct 14 08:54:07
MidCap #Stocks Performance $TK $CTAS $WYNN $AWAY $LLL $BTU $MGM $WWAV $MAS $CSC $PNRA $STRZA $USM $CPA more@ http://t.co/tf79gD96D3
12Stocks.com
1 Oct 14 08:53:17
S&P500 #Stocks Performance $EBAY $CTAS $WYNN $LLL $BTU $MAS $CSC $ACN $REGN $EMC $WFM $HPQ $TSN $WIN $NTAP more@ http://t.co/RPeaHBZz9y
CWD
1 Oct 14 08:17:02
$BTU Liquidating all. Emotions setting in. Benched for now. Sell order set at 12.33 for +.30.
Danny Salzgeber
1 Oct 14 07:02:32
Decidedly holding $REGN, and $CNX (for the minute). Dumped 1069 $BTU, 1186 $CG and 1669 $CLD
Harry Walkman
1 Oct 14 06:01:33
$BTU Peabody Energy: The Best Coal Stock (BTU) http://t.co/97Qf97LwS0
Profit.ly
1 Oct 14 05:46:33
RT @myTraderGang: http://t.co/274muOD3fC Verified $2,910.06 profit in $WLT $BTU index back on bounce
Trader Gang
1 Oct 14 05:44:57
http://t.co/274muOD3fC Verified $2,910.06 profit in $WLT $BTU index back on bounce
Stock_Tracker
1 Oct 14 02:33:44
Peabody Energy Corp (BTU) 12.38 $BTU Peabody Energy Down 19.5% Since SmarTrend Downtrend Call (BTU) Comtex Sma http://t.co/GjWscgXvc5
FOREX Insight
1 Oct 14 02:21:03
RT @SeekingAlpha: Peabody Energy: The Best Coal Stock http://t.co/6by0nMVKiJ $BTU
Seeking Alpha
1 Oct 14 02:14:00
Peabody Energy: The Best Coal Stock http://t.co/6by0nMVKiJ $BTU
Stockaholics
1 Oct 14 01:47:51
New, SECRET penny stock alert coming today! Check it out: http://t.co/A2y8IBJKSf $LFL $BTU $CMLS
TV_Trading Ideas
1 Oct 14 01:15:50
BTU $BTU http://t.co/ka7D8jPhhV
ZaRdOz420WPN
30 Sep 14 23:26:31
RT @Mick_Peel: #Coal: When Tax Loss Selling is a ‘Better Opportunity Than Hanging On’ http://t.co/1BsrdEx7qO via @barronsonline $BTU $ACI $…
Mick Peel
30 Sep 14 23:15:41
#Coal: When Tax Loss Selling is a ‘Better Opportunity Than Hanging On’ http://t.co/1BsrdEx7qO via @barronsonline $BTU $ACI $ANR
Mitch
30 Sep 14 22:40:05
RT @Dvm001Mike: Pickle's Picks for Wednesday - $MACK, $CERS, $VMEM, $SPEX, $HZNP, $HIMX, $BTU
Mike
30 Sep 14 22:33:33
Pickle's Picks for Wednesday - $MACK, $CERS, $VMEM, $SPEX, $HZNP, $HIMX, $BTU
12Stocks.com
30 Sep 14 22:29:09
MidCap #Stocks Performance $TK $CTAS $WYNN $AWAY $LLL $BTU $MGM $WWAV $MAS $CSC $PNRA $STRZA $USM $CPA more@ http://t.co/tf79gD96D3
12Stocks.com
30 Sep 14 22:28:34
S&P500 #Stocks Performance $EBAY $CTAS $WYNN $LLL $BTU $MAS $CSC $ACN $REGN $EMC $WFM $HPQ $TSN $WIN $NTAP more@ http://t.co/RPeaHBZz9y
Stockaholics
30 Sep 14 19:29:01
FPFI closed up 250% today! Huge Update and new pick coming: http://t.co/wSPWepHL5n $LFL $BTU $CMLS
Patrick
30 Sep 14 19:00:04
#SENTISHIFTUP $WAG $NXTD $PANW $Q $NWS $HE $AA $NQ $BTU $FDX #quantheta
Patrick
30 Sep 14 16:00:05
#SENTISHIFTUP $WAG $NXTD $PANW $AA $NWS $HE $FCX $NQ $BTU $FDX #quantheta
Stockaholics
30 Sep 14 15:31:56
FPFI closed up 250% today! Huge Update and new pick coming: http://t.co/wSPWepHL5n $LFL $BTU $CMLS
Patrick
30 Sep 14 14:00:04
#SENTISHIFTUP $WAG $NXTD $PANW $NWS $HE $AA $FCX $NQ $VZ $BTU #quantheta
Ariel Silahian
30 Sep 14 13:22:34
Algorithmic trading: OPEN Sep/30 SELL: $VHC $BTU $BAX $SLB $DDR $TMUS $AN $AFL $BSMX $JBLU $GFA
12Stocks.com
30 Sep 14 13:00:49
MidCap #Stocks Performance $TK $CTAS $BTU $PNRA $MAS $CLF $WFM $MUR $WWAV $KN $AA $CSC $LPI $NI $RE $KSU more@ http://t.co/tf79gD96D3
12Stocks.com
30 Sep 14 13:00:10
S&P500 #Stocks Performance $CTAS $EBAY $BTU $MAS $WFM $MUR $AA $CSC $NI $ACN $KSU $D $HPQ $DHR $ETR $CTSH more@ http://t.co/RPeaHBZz9y
Paul Norman
30 Sep 14 12:29:23
@JBoorman Agree. U2 should perform it live, for a Disaster Relief concert for $WLT, $ACI, $ANR, $BTU 2011-14.
EuclideanSpace
30 Sep 14 12:19:17
RT @HitTheBidRadio: $WLT $CLF $BTU this is getting fun. Out for now ,good luck . nice trading off the bottoms on the reversals.
EuclideanSpace
30 Sep 14 12:19:13
RT @HitTheBidRadio: $WLT $CLF $BTU stop into the broadcast for some levels to watch for re-entries long
Anthony
30 Sep 14 11:03:52
RT @OptionAlert: Notable gainers among liquid option names this morning include $CTAS (+7.1%), $EBAY (+6.8%), $BTU (+3.7%), $MAS (+3.5%), a…
Winters Coming
30 Sep 14 10:13:49
Wheres the bottom for $BTU $EXXI #WinterComing #FreeEnergy
Irma Doucet
30 Sep 14 09:30:43
$BTU Peabody Energy to be removed from S&P 500 index http://t.co/5nVgZHQ0Qc
Jack Trader
30 Sep 14 09:30:42
$BTU Coal Industry Ignores Positive Guidance From Peabody Energy http://t.co/gIg1qZxn9P
				
				
  +Follow June 25, 2013 3:40PM
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