CARACAS, Venezuela (AP) — The falling oil prices that are providing relief to drivers around the world threaten to bring more misery to the life of Milagro Alvarez and millions of other Venezuelans, whose country depends almost exclusively on oil revenue.
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Venezuelans brace for slump in oil prices
Westmoreland Coal Company’s (WLB) recent acquisition of Sherritt’s mountain operations in Canada has given Westmoreland access to the Coal Valley Mine.
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Analyzing Westmoreland Coal Company’s seaborne coal business
Mizuho Securities on Friday initiated coverage on Marathon Oil Corporation (NYSE: MRO ) with a Buy rating and price target of $40. Analyst Jeffrey Connolly noted that “MRO is a pure-play E&P focused …
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UPDATE: Mizuho Securities Initiates Coverage On Marathon Oil
Brent crude oil looked set to post its first weekly gain in more than a month after reports that Saudi Arabian output was depressed boosted prices. However, the commodity was under some pressure and traded …
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Brent Set To Post First Weekly Gain In More Than A Month
Another positive of Westmoreland Coal Company (WLB) is its customer base. The company supplies coal to utilities with strong balance sheets.
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Why Westmoreland Coal Company’s customer base is a positive thing
Last year, propane prices spiked as a result of a shortage in propane inventories. Propane shortages depend on the severity of the weather.
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Why weather is a wild card for propane prices
If international natural gas prices were to fall, LNG prices would also plummet, and send Cheniere’s stock price tumbling.
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Must-know: Cheniere Energy prospects in a nutshell
Last week crude oil futures (CLZ14:NYM) tested and found support twice at the $80.00 area, then proceeded to bounce to the $85 handle before resuming selling pressure this week. What I want to look at today is the Nadex Daily Crude Oil (Dec) $80.00 binary option, based on the CLZ4, which will expire today at 2:30 EST. When CLZ4 trades again to $80, this option will be trading at or near $50.00. If I believe that crude will hold that level into the close, I want to buy that option at a price of $50.00 or lower; What either trade offers me is a 1:1 risk versus reward; I will reach maximum profit on this trade if either CLZ4.NYMEX closes today at 2:30 EST above the $80.00 price (if I buy the option), or if the CLZ4.NYMEX closes below the $80.00 price (if I short the option).
Westmoreland’s Canadian operations contain six operational surface mines. The company uses dragline excavators to extract coal from these mines.
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An overview of Westmoreland Coal Company’s Canadian operations
Most of the metallurgical coal produced in the U.S. is exported. In fact, metallurgical coal dominates overall U.S. coal exports. In 1Q14, the U.S. exported 28 million short tons of coal.
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Why met coal prices are under pressure
A decrease in natural gas expenditures this year would be the net result of lower fuel consumption—due to a moderate winter—and higher residential gas prices.
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Why winter heating might not cost much this year
WARSAW, Poland (AP) — European Union leaders meeting in Brussels to set their new greenhouse gas emissions plan are facing staunch opposition from coal-reliant Poland and other East European countries who say their economies would suffer from the new target.
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Coal-rich Poland ready to block EU climate deal
Kemmerer Mine Westmoreland Coal Company (WLB) bought the Kemmerer Mine in Wyoming from Chevron (CVX) in 2012 at a cost of $164.5 million. The mine is a surface mine spread across…
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Why Westmoreland Coal Company’s growth strategy is different
Last week, natural gas prices didn’t increase despite forecasts for cooler weather. The forecast called for weather that would be cooler, but not cold enough to cause freezing temperatures.
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Why cold weather warms natural gas investors
Met coal producers are the worst hit in the current energy environment. Based on our analysis so far, we can conclude that the higher the revenue share of met coal, the steeper the stock prices fell in …
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Why survival is for the fittest of US coal producers
Both Barrick and Newmont have large, overlapping operations in Nevada. Combining operations would reduce costs and increase free cash flow, which both companies need to do.
According to the U.S. Energy Information Agency (or EIA), high monthly crude oil production—combined with weakening demand—has caused Brent crude oil spot prices to fall.
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Why American Airlines will benefit from declining oil prices
Dismal operating performance, huge debt on the books, and competition from Australian producers have put the survival of American met coal producers in question.
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Why strong balance sheets make the difference for coal producers
Westmoreland Coal Company’s (WLB) U.S. operations include six surface mines in the western U.S. producing sub-bituminous and lignite ranks of coal.
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An overview of Westmoreland Coal Company’s US operations
On October 16, the U.S. Energy Information Administration (or EIA) reported a 94 billion cubic feet (or bcf) natural gas inventory build for the week ending October 10. Inventories increased to 3,299 bcf….
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Must-know analysis of natural gas inventory report
