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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
Breaking News Now
4 Mar 15 04:16:05
$BTU $EVBS: Trader's Buzz: Peabody Energy Corp. (NYSE:BTU), Intrexon ...: http://t.co/wzeXBdTGv7
Breaking News Now
4 Mar 15 04:06:06
$BTU: Peabody Energy Bond Prices Rise 2.6% (BTU): http://t.co/ea3l2lghKd
iHangout
3 Mar 15 22:04:07
lookn4wins: Stock Market News: BTU -3.47% Stock Charts $BTU Peabody Energy Corp. http://t.co/wgXhHVwkmW
lookn4wins
3 Mar 15 21:58:59
BTU -3.47% Stock Charts $BTU Peabody Energy Corp. (NYSE) Any opinions on BTU? Please reply to this post. Last http://t.co/o73vfdbteW
ProVesting
3 Mar 15 21:51:02
$BTU: Rio Tinto thermal coal mine in Australia cleared to expand: http://t.co/uRLZxxdEP6
WKRB News
3 Mar 15 19:42:29
Peabody Energy Bonds Rise 2.6% During Trading $BTU http://t.co/u6gyOYwI69
Breaking News
3 Mar 15 19:41:03
$BTU: Peabody Energy Bonds Rise 2.6% During Trading (BTU): http://t.co/h0XtMLLoV8
SKS1586
3 Mar 15 18:48:03
Stocks with Highest Implied Volatility - $RIG, $ANV, $BTU, $EXXI, $BAC, $CRK - http://t.co/z5qLGBAi4d
Janney
3 Mar 15 16:02:11
Analyst @JodyLurie discusses $ABX $GNW $GT and $BTU in today’s #DailyFix http://t.co/vwZHQVrTpw
John L. Bair
3 Mar 15 15:09:45
RT @valuewalk: U.S. Coal Industry Redux 2015: It's Not Getting Any Easier http://t.co/39v6l1tNed $BTU $ACI $CLD $ANR http://t.co/9XlCBMpBiQ
Stockaholics
3 Mar 15 12:55:06
Our Stock Alerts Have Gained Over 400% In The Past 5 Weeks! Huge News: http://t.co/knvfKjggSa $LFL $BTU $CMLS
BreakingStocksNews
3 Mar 15 12:32:02
$BTU: Peabody Energy to Refinance Debt Amid Soft Coal Market: http://t.co/eTcv3QdLmR
John H Armstrong
3 Mar 15 12:15:47
RT @valuewalk: U.S. Coal Industry Redux 2015: It's Not Getting Any Easier http://t.co/39v6l1tNed $BTU $ACI $CLD $ANR http://t.co/9XlCBMpBiQ
|-| /-\
3 Mar 15 12:07:11
“@zerohedge: XOM upsizes bond offering from $7 to $8 billion. An extra $1 billion in buybacks coming” like $BTU. http://t.co/laI7cJMRnK
|-| /-\
3 Mar 15 12:02:16
RT @HedgeBz: Peabody Announces Offering Of An Aggregate $1.0B Of Senior Secured Second Lien Notes $BTU | http://t.co/P2QJwkJWDY http://t.co…
ValueWalk
3 Mar 15 11:54:32
U.S. Coal Industry Redux 2015: It's Not Getting Any Easier http://t.co/39v6l1tNed $BTU $ACI $CLD $ANR http://t.co/9XlCBMpBiQ
Stock Rocket
3 Mar 15 11:32:34
Our Penny Stock Pick On $BYSD Gained Another 80% Today! Get Our New Pick Early: http://t.co/E259yJUj0L $LFL $BTU $CMLS
Jon J Anderson
3 Mar 15 10:49:53
@LaMonicaBuzz Is $BTU going to become my #StupidStock move of the year, or will I be redeemed?
BreakingStocksNews
3 Mar 15 10:41:03
$LPI $OAS $BTU $RDC: Basic Material Sector Comprehensive Update: Laredo Petroleum ...: http://t.co/T8ceXXqn2y
iHangout
3 Mar 15 10:03:21
leahanne: Xtremepicks Alerts: Volume Alert - BTU 7.49 Peabody Energy Corp $BTU http://t.co/Feu2425HYN
iHangout
3 Mar 15 10:03:08
leahanne: $BTU Peabody Energy Corp.: Volume Alert - BTU Stock 7.49 Peabody Energy Corp http://t.co/AbpY71icBo
leahanne
3 Mar 15 10:01:54
Volume Alert - BTU 7.49 Peabody Energy Corp $BTU Hit a high today of 7.57 Closing the day 10:30 at 7.49 unch u http://t.co/5JK8DBLE2P
leahanne
3 Mar 15 10:01:32
$BTU Volume Alert - BTU Stock 7.49 Peabody Energy Corp $BTU Hit a high today of 7.57 Closing the day 10:30 at 7.49 http://t.co/inZBdWUsWT
Patrick Ghosh
3 Mar 15 08:40:54
nukes, coal, and nat gas all getting decimated... are we going to all solar? $CCJ $BTU $RRC $FSLR in that order.
Oil Gas
3 Mar 15 08:15:11
RT @whey2muscle: What new developments have impacted the #energy space? $HAL $COP $SHL $BHI $BP $XOM $RIG $ESV $SDRL $NE $BTU $FSLR http://…
#HelpYouGetGAINS
3 Mar 15 08:14:20
What new developments have impacted the #energy space? $HAL $COP $SHL $BHI $BP $XOM $RIG $ESV $SDRL $NE $BTU $FSLR http://t.co/MMAfsyxK2o
StockNewsWires
3 Mar 15 07:16:03
$BTU $GDP: Stocks in Aggressive Mood: Midstates Petroleum Company, Inc ...: http://t.co/qNLK3bcswT
ProVesting
3 Mar 15 06:26:05
$TCPI $ADS $BTU: News In Considerations: TCP International Holding...: http://t.co/BUpo9m94hm
BreakingStocksNews
3 Mar 15 06:08:02
$BTU: Downtrend in Review: Peabody Energy (BTU), Activision Blizzard ...: http://t.co/BwjwQkDrib
WKRB News
3 Mar 15 05:07:06
Peabody Energy Bonds Rise 2.6% During Trading $BTU http://t.co/Q1sqkDryPc
Stockaholics
3 Mar 15 01:15:37
Our Penny Stock Pick On $THCZ Has Continues To See Gains! Special Update: http://t.co/ZH4BZ571Gt $LFL $BTU $CMLS
strategynode
2 Mar 15 23:12:25
Long 3/3 $ARCO $BTU $CEQP $CLF $CRK $CZZ $DSCO $EJ $IDRA $KOS $NCT $NVGN $PAAS $PDLI $PGH $PNNT $PVA $QLTI $ROYT $SFY $SZYM $UNIS $VHC $WTI
DailyStockPicks
2 Mar 15 22:41:05
This $100M market cap #biotech #stock has gotten 3 orphan drug designations in 3 weeks $MCO $BTU $SNI investors read http://t.co/r6XCUw0ZTz
Hedge.Bz
2 Mar 15 22:00:35
Peabody Announces Offering Of An Aggregate $1.0B Of Senior Secured Second Lien Notes $BTU | http://t.co/P2QJwkJWDY http://t.co/aWpTENF8Q4
|-| /-\
2 Mar 15 22:00:34
Peabody Announces Offering Of An Aggregate $1.0B Of Senior Secured Second Lien Notes $BTU | http://t.co/laI7cJvfZa http://t.co/3opAgzTGzQ
Stock Rocket
2 Mar 15 21:40:13
Our Penny Stock Picks Gained Over 342% In 2 weeks! Get Our Next Alerts Early: http://t.co/UCax3vIcXi $LFL $BTU $CMLS
NASDAQ
2 Mar 15 21:16:13
$BTU - Here's A List Of The Most Heavily Shorted Stocks In The Russell 1,000 http://t.co/CaWZNM5bIk
Maggie Smith
2 Mar 15 21:16:11
$BTU - Here's A List Of The Most Heavily Shorted Stocks In The Russell 1,000 http://t.co/j7stftcHgS
Stockaholics
2 Mar 15 20:31:12
Our Penny Stock Picks Gained Over 342% In 2 weeks! Get Our Next Alerts Early: http://t.co/188n3zyADY $LFL $BTU $CMLS
Liam Garrity-Rokous
2 Mar 15 18:58:06
KirkSpano Interesting... I don't recall us talking about either $ANR or $BTU, and I personally don't know much... http://t.co/QU7reMWD1m
Bhagjuize
2 Mar 15 16:45:46
$WLT really now!!. (no posn). $BTU $CLB $VALE
Greg David
2 Mar 15 14:45:52
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $NOK $SD $BTU $FITX $ARRY $HEMP $AKS $ARCP $RAD $S
Swing Trade Warrior
2 Mar 15 12:46:21
RT @warriornewsfeed: $BTU Peabody Energy outlook to stable from negative by Fitch
Ross Cameron (DTW)
2 Mar 15 12:43:30
RT @warriornewsfeed: $BTU Peabody Energy outlook to stable from negative by Fitch
Warrior Trading News
2 Mar 15 12:41:43
$BTU Peabody Energy outlook to stable from negative by Fitch
charles parrino
2 Mar 15 12:39:28
PEABODY ENERGY OUTLOOK TO STABLE FROM NEGATIVE BY FITCH - $BTU
Stock Rocket
2 Mar 15 11:30:10
Check out http://t.co/5jbX6lWXsj. They have a cool and different way of doing trade alerts. Pretty cool. $BTU $MDR $FRO $HBAN $GSS $EGO
CMCMFIN
2 Mar 15 11:14:37
RT @lcdnews: Peabody Energy launches $1B high yield offering to back 7.375% note tender $ http://t.co/mMSZLUzxL5 $BTU
leahanne
2 Mar 15 10:09:49
Volume Alert - BTU 7.55 Peabody Energy Corp $BTU Hit a high today of 7.88 Closing the day 10:30 at 7.55 -0.35 http://t.co/bzHciKbgHG
leahanne
2 Mar 15 10:09:28
$BTU Volume Alert - BTU Stock 7.55 Peabody Energy Corp $BTU Hit a high today of 7.88 Closing the day 10:30 at 7.55 http://t.co/F7XsUi2Wvq
				
				
  +Follow June 25, 2013 3:40PM
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