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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
Paul Olson
22 Oct 14 16:45:19
$BTU is near a support level, let's see if it can hold onto the $10 mark.
Stockaholics
22 Oct 14 14:03:59
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $LFL $BTU $CMLS
naomihn2000
22 Oct 14 12:59:57
this is great $OIL down means a lot to the 99% thus helps economy not so much help for greedy 1%. SHORT $SPY $BTU $CLF $RIG $SDRL $SPX
naomihn2000
22 Oct 14 12:39:03
if u believe in this market u need to buy all u can $SPY $SPX i dont therefore i am SHORT $SPY $BTU $CLF. $CLF not working...oh well.
Market Int Center
22 Oct 14 12:09:44
Peabody Energy $BTU Trading Near $11.29 Resistance Level ( http://t.co/w5zyscMBAQ )
naomihn2000
22 Oct 14 11:46:25
@DougKass that is great for US economy but bad for $BTU $CLF $RIG $SDRL. SHORT $SPY $SPX. Dont be shy, SHORT $SPY :-)
naomihn2000
22 Oct 14 11:44:49
@sbanawan i was up prior to earnings and held. a loss is a loss but its only $426 $AAPL . $SPY $BTU $CLF $RIG long VXX....winning/won
naomihn2000
22 Oct 14 11:08:54
but bad for $BTU, $CLF $RIG, $SDRL with oil down $SPX $SPY
naomihn2000
22 Oct 14 11:00:12
$SPY $SPX selling off due to shooting in canada is not how i want to make money but i am SHORT $SPY $SPX $CLF $BTU $AAPL
naomihn2000
22 Oct 14 09:47:28
financials are weak so short away $SPY $SPX $AAPL $BTU $CLF
naomihn2000
22 Oct 14 09:46:07
this is a great opportunity to short this market $SPY $SPX $AAPL $BTU $CLF $SDRL
Joe Smyth
22 Oct 14 09:34:42
Losses Show Peabody Energy ‘Is Not a Healthy Company’ http://t.co/0gUsEJMlCK via @ieefa_institute $BTU #coal #coalexport
Nick Wroblewski
22 Oct 14 08:39:58
RT @OphirGottlieb: 10-22-14: Daily Covered Call Report $BTU $COV $WFT $AAL and more: http://t.co/aV3PFDm6mX
Ophir Gottlieb
22 Oct 14 08:39:32
10-22-14: Daily Covered Call Report $BTU $COV $WFT $AAL and more: http://t.co/aV3PFDm6mX
Dami Scab
22 Oct 14 08:07:00
With coins you also pay the bills $study. $PDS -0.3R $BTU -1R $CLF 2.4R
naomihn2000
22 Oct 14 07:35:41
this is a long term short $SPY $SPX. as for $RIG $CLF $BTU $AAPL its short term.
naomihn2000
22 Oct 14 07:31:09
short away $SPY $SPX however with $oil prices down its good for economy but hedge with short $BTU, $CLF $AAPL
Dami Scab
22 Oct 14 07:28:57
STP $BTU 10.92 $PDS 9.39. We win when money create money and when prices push prices, never when time pass without disturb. $study
Dami Scab
22 Oct 14 07:18:10
Commented on StockTwits: $PDS average at 9.41, $BTU waiting, i dont stp at 10.93, put stp to 10.89 this dont move http://t.co/6nPFthoeqr
naomihn2000
22 Oct 14 07:11:51
@DJ_Dan79 down on short $aapl but not out. the gains on shortin $RIG, $CLF $BTU $SPY will more than cover $AAPL short.
Dami Scab
22 Oct 14 07:08:29
Commented on StockTwits: stp at 10.93 dont wait for nothing $BTU http://t.co/Czlm4Mh0nx
naomihn2000
22 Oct 14 07:02:42
by covering $RIG short it gave me some dry powder to short more $SPY $SPX . still shorting $CLF, $BTU, $AAPL
Dami Scab
22 Oct 14 06:51:42
$BTU taking now 11.00
naomihn2000
22 Oct 14 06:46:37
what the heck, 100% short $SPY $SPY in addition to SHORT $AAPL $RIG $BTU $CLF
naomihn2000
22 Oct 14 06:36:51
Dont be shy, SHORT $SPY!!!!! $SPX also, $BTU, $CLF $RIG $SDRL $AAPL
naomihn2000
22 Oct 14 05:43:49
who bought $CLF in premarket? $clf taking a $6 Billion write down...not good. still short $CLF, $BTU, $AAPL, $RIG
Peter Bardens
22 Oct 14 05:31:10
$BTU Peabody Energy Loss Widens on Lower US, Australian Revenue http://t.co/Ljk3JuyOL5
qbeats news
22 Oct 14 05:28:31
10 #stocks rocking in social media this AM and 10 getting rolled: http://t.co/MJOfXmvQYS $SNV $BIIB $KO $BTU http://t.co/sI12ynQFHp
Stock Moo
22 Oct 14 02:54:05
$btu: Modi takes first bite at coal to end India's power mess http://t.co/p9glCMSXcb
Stock Moo
22 Oct 14 02:54:05
$btu: Modi takes first bite at coal to end India's power mess http://t.co/UNsIXxwmPZ
Seeking Alpha
22 Oct 14 02:35:08
Peabody Energy Still Faces A Tough Coal Industry http://t.co/IxVgGQoEPI $BTU
Stockaholics
22 Oct 14 01:33:14
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $LFL $BTU $CMLS
Stock Moo
22 Oct 14 00:54:03
$btu: Foreign firms with India units could mine, sell coal - source http://t.co/XDauF9REc9
Stock Moo
22 Oct 14 00:54:03
$btu: Foreign firms with India units could mine, sell coal - source http://t.co/n7hG8J3Prd
InterCooler
22 Oct 14 00:49:53
Peabody Energy Sees Large Growth in Short Interest $BTU http://t.co/ZLuSGZ7fk5
US Banking News
21 Oct 14 22:40:21
Peabody Energy $BTU – Research Analysts’ Recent Ratings Updates http://t.co/iNyeZjrkhG
Tiger Shark
21 Oct 14 22:03:45
RT @StockSignaling: Movers and Shakers: Having Earnings Surprises: $PKG $CDNS $ZION $ILMN $TXN $AAPL $IBM $BTU $STLD $HAL $BK $STI $TXT $GE…
Jimmy
21 Oct 14 22:01:46
RT @StockSignaling: Movers and Shakers: Having Earnings Surprises: $PKG $CDNS $ZION $ILMN $TXN $AAPL $IBM $BTU $STLD $HAL $BK $STI $TXT $GE…
Sunset
21 Oct 14 22:01:44
RT @StockSignaling: Movers and Shakers: Having Earnings Surprises: $PKG $CDNS $ZION $ILMN $TXN $AAPL $IBM $BTU $STLD $HAL $BK $STI $TXT $GE…
Stock Signaling
21 Oct 14 22:01:24
Movers and Shakers: Having Earnings Surprises: $PKG $CDNS $ZION $ILMN $TXN $AAPL $IBM $BTU $STLD $HAL $BK $STI $TXT $GE $MS #nyse #stock
Stockaholics
21 Oct 14 21:40:42
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $LFL $BTU $CMLS
Stock Signaling
21 Oct 14 18:01:26
Movers and Shakers: $OREX $CSIQ $LIVE $BBRY $SCOK $IBIO $KBH $X $AKS $ESI $SLCA $SUNE $BTU $P $GDP http://t.co/Vtx6dLy0Nw #stock #watchlist
Platts Coal
21 Oct 14 15:21:18
RT @lcdnews: Peabody Energy high yield bonds gain, CDS tightens after results beat expectations http://t.co/QPsXPGRgbt $BTU (free)
Stock Signaling
21 Oct 14 15:01:03
Volume Leaders: $HOG $BA $SNV $PKG $BTU $LXK $SDRL $DVN $ILMN $IBM $STLD $NLNK $BBRY $TXN $HST http://t.co/Vtx6dLy0Nw #markets #stockpicks
AdvantageData
21 Oct 14 14:49:22
[Volume Leaders] $BTU 6.25% 11/15/2021 $TRN 4.55% 10/1/2024 $CCU 14% 2/1/2021 First Data Corp 12.625% 1/15/2021 http://t.co/BwNaUx5T4J
AdvantageData
21 Oct 14 14:47:07
[Key Gainers and Losers] + $BTU 6.25% 11/15/2021 (1): +3.8% + Hexion U S Fin Corp 8.875% 2/1/2018: +1.4% - $LINE 6.5% 5/15/2019 (1): -5.0%
Tan Copsey
21 Oct 14 13:49:09
RT @GregorMacdonald: Peabody conference call: relief that India import volumes are soaring. World to build 250 GW of new coal-gen through 2…
Gregor Macdonald
21 Oct 14 13:38:17
Peabody $BTU conf. call - my comment: no discussion of world energy trends or future. Very similar to oil and gas companies in this regard.
Gregor Macdonald
21 Oct 14 13:36:42
Peabody conference call: relief that India import volumes are soaring. World to build 250 GW of new coal-gen through 2016. $BTU
Deep Dive
21 Oct 14 12:40:22
RT @CapitalCube: Analysis on latest earnings published today for $VRX, $HXL, $BMRA, $GPC, $GCI, $BTU http://t.co/uHngHrNlwL
				
				
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