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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.

Results for BTU
Andie Andrewson
20 Apr 14 00:08:10
$BTU Missouri lawmakers take trips to Israel, California, New Orleans -- on the ... http://t.co/COLdgIIvl5
Andie Andrewson
19 Apr 14 20:37:04
$BTU Raymond Lalonde: Oil companies will stay until oil depleted http://t.co/6dlrpnFVDg
Jaydan Kyler
19 Apr 14 19:16:37
Free research on $BEAM $BTU $HES $GAIN #investing http://t.co/OygAaUCkVp
Mining Man
19 Apr 14 18:59:10
#brown and #black #coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Darryl Kendal
19 Apr 14 17:15:04
#Pennystock Research on $NYCB $BTU $BK $SLW #NSE http://t.co/w2q44iwJJm
Mining Man
19 Apr 14 17:07:38
#brown and #black coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Finance Wire
19 Apr 14 16:34:32
Top Performing #Stocks today $PTEN $BTU $TRI $GOOG Goto http://t.co/rhY1lLjXlC
Cammie Filman
19 Apr 14 15:06:30
$DPZ Seeking the next stock like $FMC $BTU $CHTP #wealthmanagement http://t.co/8Y8bZbzGgN
Stock_Tracker
19 Apr 14 14:35:03
Peabody Energy Corp (BTU) 16.71 $BTU Thankfully for these 2 Companies, Coal Prices are Finally Showing Signs o http://t.co/LJxEfEqo2t
Franco Gall
19 Apr 14 13:05:47
$BTU Insider Trading updates on $M $ACGL $SLV Visit http://t.co/e4yZO7Vn0n
Adria Mosley
19 Apr 14 11:57:17
$BTU Whats going on with $CVI $NLSN $FXY Give it a try http://t.co/gcjl8F6AU9
Donte Aldaine
19 Apr 14 07:26:37
$BTU Looking for the next $ABBV $Y $USD #financialnews http://t.co/g9ubLrisnt
Mining Man
19 Apr 14 07:19:12
#brown and #black #coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Mining Man
18 Apr 14 22:16:35
#brown and #black #coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Andie Andrewson
18 Apr 14 19:48:33
$BTU Time Difference http://t.co/WVo5UHQ89V
Sky Hunter
18 Apr 14 18:39:03
$BTU Buying or selling? $FLS $AMGN $QLYS #moneymanagement http://t.co/sfWd21npf4
Braylin McQuillen
18 Apr 14 16:37:19
$BTU Should you buy $NOC $BIIB $FB #StockMarket http://t.co/nEKREFGv6D
Mind Equity
18 Apr 14 16:07:52
$BTU Looking for the next $CLI $WAB $FB #financial http://t.co/LIdvanj4xp
Andie Andrewson
18 Apr 14 15:02:33
$BTU Dear Mr. Peabody: No One's Loss of Life, Liberty and Health For Your Coal ... http://t.co/ecXnHY40hB
Mining Man
18 Apr 14 13:57:08
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Chester Bryson
18 Apr 14 12:48:14
Stocks to Watch this week $UB $BTU $ESRX $GLD View now http://t.co/AMViuagSru
Cinthia Booker
18 Apr 14 12:17:16
Here are some Stocks to Watch $GES $BTU $CINF $GRPN View now http://t.co/4ou4EXfjDz
Mining Man
18 Apr 14 10:55:44
#brown and #black #coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Mining Man
18 Apr 14 07:13:50
#brown and #black #coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Fox Galvan
18 Apr 14 05:50:12
Get #Pennystock Research on $BTU $CINF $CHS $USD #overvalued http://t.co/bUhE4hD404
Louie O'Malley
18 Apr 14 05:13:30
$APC Best research on #stocks such s $FCX $BTU $GLD #liquidity http://t.co/PXKInKNHVV
Jaycob Keating
18 Apr 14 04:05:57
$DTE It could be breaktout time on $JNPR $BTU $HIT Must have http://t.co/Iy2LIDm1CQ
Lars Anders
18 Apr 14 03:45:11
$ATVI Here are some Stocks to Watch $MDRX $BTU $RAX #StockMarket http://t.co/joRB4dwGso
Crew Gretzky
18 Apr 14 01:58:32
Get great research on stocks $WCN $BTU $HCC $GAIN #liquidity http://t.co/XtMBqy5uKf
Maryland Churchill
18 Apr 14 01:28:48
Todays movers to research $BTU $COL $ACGL $USD Visit http://t.co/BIb9QR1uEp
senthilnathan karupp
18 Apr 14 01:13:38
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:12:38
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:11:39
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:08:39
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:05:03
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:04:03
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:03:03
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:02:03
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 01:01:04
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 00:50:07
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
senthilnathan karupp
18 Apr 14 00:49:16
$BTU is down 0.89% today, our subscriber’s portfolios are up 20% . http://t.co/tffaUfQ6oZ
Ward Dissan
18 Apr 14 00:44:53
Small-cap stocks breaking 52-wk high prices $BTU $MTB $URBN $QLYS #economy http://t.co/8jysgTjP9I
Mining Man
17 Apr 14 22:38:39
#brown and #black coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Mining Man
17 Apr 14 21:15:29
#brown and #black coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Mining Man
17 Apr 14 20:49:57
#brown and #black #coal, think $CLF, $BTU and $WLT at http://t.co/hXfxRcDUtC
Richard Hargrave
17 Apr 14 17:44:08
WEEKLY WRAP UP, $NYSI, $NYAD, $QQQ, $AA, $BTU, $ETC $ETC $ETC. http://t.co/cEGVqX8dBM
Inga Chisholmz
17 Apr 14 17:43:36
$XRX Find more winners like $DF $BTU $SSO #Research http://t.co/QrUGxZxIyi
Jaydan Kyler
17 Apr 14 16:26:16
$BTU Increasing the Chinese Co http://t.co/pX96FAjKFn
Marius Jackson
17 Apr 14 16:16:14
$BTU It could be breaktout time on $URS $HRL $CHTP #Stock http://t.co/2h7l9vpGWc
Jaycob Keating
17 Apr 14 14:08:10
$DNB Awesome #Stock #Research $DF $BTU $LGND Must see http://t.co/g3mLRm5IjV
				
				
  +Follow June 25, 2013 3:40PM
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