If you think oil prices are spiraling out of control, take a peek at the stock chart for Patriot Coal Corp. After an 8-percent rally on Friday, Patriot shares surged another 12 percent Monday to close at $120 a share.…
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Loading ...Gregory H. Boyce, Peabody Energy Corp.’s chief executive, will join the board of Houston-based oil producer Marathon Oil Corp. on April 1.
With revenue of $65.2 billion in 2007, Marathon is the nation’s fourth-largest oil company and fifth-largest refiner. Peabody…
(No Ratings Yet) Loading ...After a furious run-up, coal stocks took a hit Friday when Goldman Sachs issued a report saying coal prices are likely to fall.
U.S. coal stocks have risen 30 percent since mid-January (versus an increase of 3 percent for the Russell 3000) because of a…
(1 votes, average: 5 out of 5) Loading ...Peabody Energy Corp. CEO Gregory Boyce told an audience at the Cambridge Energy Research Associates conference in Houston that the world’s coal markets are becoming more interconnected as energy demand soars and countries look for alternatives to costlier petroleum.
Boyce was Thursday’s…
(No Ratings Yet) Loading ...Shares of Peabody Energy Corp. fell Thursday after the coal producer reported fourth-quarter profit that fell short of Wall Street estimates.
Net income at St. Louis-based Peabody fell 80 percent to $35.8 million, or 13 cents a share, from $175…
(No Ratings Yet) Loading ...FROM WIRE REPORTS
Peabody Energy Corp. this morning reported that its fourth-quarter profit dropped 79.5 percent as its earnings were hurt by the spin off of Patriot Coal Corp.
The St. Louis-based company reported a profit of $35.8 million, or…
(No Ratings Yet) Loading ...Peabody Energy Corp. is taking a stake in GreatPoint Energy Inc., a start-up company developing technology to make natural gas from coal or biomass while capturing emissions of carbon dioxide.
As part of the agreement, Peabody and Cambridge, Mass.-based GreatPoint Energy…
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