Intrinsic value of Cloud Peak Energy - CLD

Previous Close

$2.36

  Intrinsic Value

$3.32

stock screener

  Rating & Target

buy

+41%

Previous close

$2.36

 
Intrinsic value

$3.32

 
Up/down potential

+41%

 
Rating

buy

We calculate the intrinsic value of CLD stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  905
  926
  950
  977
  1,006
  1,039
  1,074
  1,113
  1,154
  1,198
  1,246
  1,296
  1,350
  1,407
  1,468
  1,532
  1,600
  1,672
  1,748
  1,829
  1,913
  2,003
  2,097
  2,196
  2,301
  2,411
  2,527
  2,649
  2,777
  2,912
Variable operating expenses, $m
  833
  852
  874
  899
  926
  956
  988
  1,024
  1,061
  1,102
  1,146
  1,192
  1,242
  1,294
  1,350
  1,409
  1,472
  1,538
  1,608
  1,682
  1,760
  1,842
  1,929
  2,020
  2,116
  2,217
  2,324
  2,436
  2,554
  2,678
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  833
  852
  874
  899
  926
  956
  988
  1,024
  1,061
  1,102
  1,146
  1,192
  1,242
  1,294
  1,350
  1,409
  1,472
  1,538
  1,608
  1,682
  1,760
  1,842
  1,929
  2,020
  2,116
  2,217
  2,324
  2,436
  2,554
  2,678
Operating income, $m
  72
  74
  76
  78
  81
  83
  86
  89
  92
  96
  100
  104
  108
  113
  118
  123
  128
  134
  140
  147
  154
  161
  168
  176
  185
  193
  203
  213
  223
  234
EBITDA, $m
  153
  157
  161
  165
  170
  176
  182
  188
  195
  203
  211
  219
  229
  238
  249
  259
  271
  283
  296
  310
  324
  339
  355
  372
  390
  408
  428
  449
  470
  493
Interest expense (income), $m
  40
  38
  39
  41
  43
  45
  47
  49
  52
  55
  58
  61
  64
  68
  72
  76
  81
  85
  90
  95
  101
  107
  113
  120
  127
  134
  141
  150
  158
  167
  176
Earnings before tax, $m
  34
  35
  35
  36
  36
  36
  37
  37
  38
  38
  39
  40
  40
  41
  42
  42
  43
  44
  45
  46
  47
  48
  49
  50
  51
  52
  53
  55
  56
  57
Tax expense, $m
  9
  9
  9
  10
  10
  10
  10
  10
  10
  10
  11
  11
  11
  11
  11
  11
  12
  12
  12
  12
  13
  13
  13
  13
  14
  14
  14
  15
  15
  16
Net income, $m
  25
  25
  26
  26
  26
  27
  27
  27
  28
  28
  29
  29
  29
  30
  30
  31
  32
  32
  33
  33
  34
  35
  36
  36
  37
  38
  39
  40
  41
  42

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,731
  1,771
  1,817
  1,868
  1,924
  1,986
  2,054
  2,127
  2,206
  2,291
  2,382
  2,478
  2,581
  2,690
  2,806
  2,929
  3,060
  3,197
  3,343
  3,496
  3,658
  3,829
  4,010
  4,199
  4,399
  4,610
  4,831
  5,064
  5,310
  5,568
Adjusted assets (=assets-cash), $m
  1,731
  1,771
  1,817
  1,868
  1,924
  1,986
  2,054
  2,127
  2,206
  2,291
  2,382
  2,478
  2,581
  2,690
  2,806
  2,929
  3,060
  3,197
  3,343
  3,496
  3,658
  3,829
  4,010
  4,199
  4,399
  4,610
  4,831
  5,064
  5,310
  5,568
Revenue / Adjusted assets
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
  0.523
Average production assets, $m
  1,428
  1,461
  1,498
  1,540
  1,587
  1,638
  1,694
  1,755
  1,820
  1,889
  1,964
  2,044
  2,129
  2,219
  2,315
  2,416
  2,524
  2,637
  2,757
  2,884
  3,017
  3,158
  3,307
  3,464
  3,628
  3,802
  3,985
  4,177
  4,379
  4,592
Working capital, $m
  43
  44
  46
  47
  48
  50
  52
  53
  55
  58
  60
  62
  65
  68
  70
  74
  77
  80
  84
  88
  92
  96
  101
  105
  110
  116
  121
  127
  133
  140
Total debt, $m
  419
  435
  454
  475
  498
  523
  550
  580
  612
  647
  684
  723
  765
  809
  857
  907
  960
  1,016
  1,075
  1,137
  1,203
  1,273
  1,346
  1,424
  1,505
  1,591
  1,681
  1,776
  1,875
  1,980
Total liabilities, $m
  705
  721
  739
  760
  783
  808
  836
  866
  898
  932
  969
  1,009
  1,050
  1,095
  1,142
  1,192
  1,245
  1,301
  1,361
  1,423
  1,489
  1,559
  1,632
  1,709
  1,791
  1,876
  1,966
  2,061
  2,161
  2,266
Total equity, $m
  1,027
  1,050
  1,077
  1,108
  1,141
  1,178
  1,218
  1,262
  1,308
  1,359
  1,412
  1,470
  1,531
  1,595
  1,664
  1,737
  1,814
  1,896
  1,982
  2,073
  2,169
  2,271
  2,378
  2,490
  2,609
  2,734
  2,865
  3,003
  3,149
  3,302
Total liabilities and equity, $m
  1,732
  1,771
  1,816
  1,868
  1,924
  1,986
  2,054
  2,128
  2,206
  2,291
  2,381
  2,479
  2,581
  2,690
  2,806
  2,929
  3,059
  3,197
  3,343
  3,496
  3,658
  3,830
  4,010
  4,199
  4,400
  4,610
  4,831
  5,064
  5,310
  5,568
Debt-to-equity ratio
  0.410
  0.410
  0.420
  0.430
  0.440
  0.440
  0.450
  0.460
  0.470
  0.480
  0.480
  0.490
  0.500
  0.510
  0.510
  0.520
  0.530
  0.540
  0.540
  0.550
  0.550
  0.560
  0.570
  0.570
  0.580
  0.580
  0.590
  0.590
  0.600
  0.600
Adjusted equity ratio
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593
  0.593

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  25
  25
  26
  26
  26
  27
  27
  27
  28
  28
  29
  29
  29
  30
  30
  31
  32
  32
  33
  33
  34
  35
  36
  36
  37
  38
  39
  40
  41
  42
Depreciation, amort., depletion, $m
  81
  83
  85
  87
  90
  93
  96
  99
  103
  107
  111
  115
  120
  125
  131
  137
  143
  149
  156
  163
  170
  178
  187
  196
  205
  215
  225
  236
  247
  259
Funds from operations, $m
  106
  108
  111
  113
  116
  119
  123
  127
  131
  135
  140
  144
  150
  155
  161
  167
  174
  181
  188
  196
  205
  213
  222
  232
  242
  253
  264
  276
  288
  301
Change in working capital, $m
  1
  1
  1
  1
  1
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  5
  5
  5
  5
  6
  6
  6
  6
Cash from operations, $m
  105
  107
  109
  112
  115
  118
  121
  125
  129
  133
  137
  142
  147
  153
  158
  164
  171
  178
  185
  192
  200
  209
  218
  227
  237
  248
  258
  270
  282
  295
Maintenance CAPEX, $m
  -79
  -81
  -83
  -85
  -87
  -90
  -93
  -96
  -99
  -103
  -107
  -111
  -115
  -120
  -125
  -131
  -137
  -143
  -149
  -156
  -163
  -170
  -178
  -187
  -196
  -205
  -215
  -225
  -236
  -247
New CAPEX, $m
  -28
  -33
  -38
  -42
  -47
  -51
  -56
  -60
  -65
  -70
  -75
  -80
  -85
  -90
  -96
  -101
  -107
  -114
  -120
  -127
  -134
  -141
  -149
  -157
  -165
  -174
  -183
  -192
  -202
  -213
Cash from investing activities, $m
  -107
  -114
  -121
  -127
  -134
  -141
  -149
  -156
  -164
  -173
  -182
  -191
  -200
  -210
  -221
  -232
  -244
  -257
  -269
  -283
  -297
  -311
  -327
  -344
  -361
  -379
  -398
  -417
  -438
  -460
Free cash flow, $m
  -2
  -6
  -11
  -15
  -19
  -23
  -27
  -31
  -36
  -40
  -44
  -49
  -53
  -58
  -63
  -68
  -73
  -78
  -84
  -90
  -96
  -103
  -109
  -116
  -123
  -131
  -139
  -147
  -156
  -165
Issuance/(repayment) of debt, $m
  14
  16
  19
  21
  23
  25
  28
  30
  32
  34
  37
  39
  42
  45
  47
  50
  53
  56
  59
  63
  66
  70
  73
  77
  81
  86
  90
  95
  100
  105
Issuance/(repurchase) of shares, $m
  0
  0
  1
  4
  7
  10
  13
  16
  19
  22
  25
  28
  32
  35
  38
  42
  46
  50
  54
  58
  62
  67
  71
  76
  81
  87
  92
  98
  105
  111
Cash from financing (excl. dividends), $m  
  14
  16
  20
  25
  30
  35
  41
  46
  51
  56
  62
  67
  74
  80
  85
  92
  99
  106
  113
  121
  128
  137
  144
  153
  162
  173
  182
  193
  205
  216
Total cash flow (excl. dividends), $m
  12
  10
  9
  10
  11
  12
  14
  15
  16
  17
  18
  19
  20
  22
  23
  24
  26
  27
  29
  30
  32
  34
  35
  37
  39
  41
  44
  46
  48
  51
Retained Cash Flow (-), $m
  -19
  -24
  -27
  -30
  -34
  -37
  -40
  -43
  -47
  -50
  -54
  -57
  -61
  -65
  -69
  -73
  -77
  -82
  -86
  -91
  -96
  -101
  -107
  -113
  -119
  -125
  -131
  -138
  -145
  -153
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -7
  -14
  -18
  -20
  -22
  -24
  -27
  -29
  -31
  -33
  -36
  -38
  -41
  -43
  -46
  -49
  -52
  -55
  -58
  -61
  -64
  -68
  -71
  -75
  -79
  -83
  -88
  -92
  -97
  -102
Discount rate, %
  5.80
  6.09
  6.39
  6.71
  7.05
  7.40
  7.77
  8.16
  8.57
  9.00
  9.45
  9.92
  10.42
  10.94
  11.48
  12.06
  12.66
  13.29
  13.96
  14.66
  15.39
  16.16
  16.97
  17.81
  18.71
  19.64
  20.62
  21.65
  22.74
  23.87
PV of cash for distribution, $m
  -6
  -12
  -15
  -15
  -16
  -16
  -16
  -15
  -15
  -14
  -13
  -12
  -11
  -10
  -9
  -8
  -7
  -6
  -5
  -4
  -3
  -3
  -2
  -1
  -1
  -1
  -1
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  99.8
  99.2
  98.3
  97.1
  95.5
  93.7
  91.8
  89.6
  87.3
  84.9
  82.3
  79.7
  77.1
  74.4
  71.7
  69.0
  66.3
  63.7
  61.1
  58.5
  56.0
  53.5
  51.2
  48.8
  46.6
  44.4
  42.3
  40.3

Cloud Peak Energy Inc. is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities. Its Owned and Operated Mines segment includes its Antelope Mine, Cordero Rojo Mine, and Spring Creek Mine. The Logistics and Related Activities segment includes the services it provides to its international and certain of its domestic customers where it delivers coal to the customer at a terminal or the customer's plant or other delivery point, remote from its mine site. As of December 31, 2016, the Company also operated two development projects, both located in the Northern PRB: Youngs Creek Project and Big Metal Project. The Company's Antelope Mine and Cordero Rojo Mine are located in Wyoming and its Spring Creek Mine is located in Montana.

FINANCIAL RATIOS  of  Cloud Peak Energy (CLD)

Valuation Ratios
P/E Ratio 6.6
Price to Sales 0.2
Price to Book 0.2
Price to Tangible Book
Price to Cash Flow 3
Price to Free Cash Flow 9.7
Growth Rates
Sales Growth Rate -28.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -10.5%
Cap. Spend. - 3 Yr. Gr. Rate -6.3%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 49.9%
Total Debt to Equity 49.9%
Interest Coverage 1
Management Effectiveness
Return On Assets 3.8%
Ret/ On Assets - 3 Yr. Avg. 0.7%
Return On Total Capital 1.6%
Ret/ On T. Cap. - 3 Yr. Avg. -2.4%
Return On Equity 2.4%
Return On Equity - 3 Yr. Avg. -3.6%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 19.3%
Gross Margin - 3 Yr. Avg. 17.4%
EBITDA Margin 10.8%
EBITDA Margin - 3 Yr. Avg. 10%
Operating Margin 8.4%
Oper. Margin - 3 Yr. Avg. 3.7%
Pre-Tax Margin 2.4%
Pre-Tax Margin - 3 Yr. Avg. -0.2%
Net Profit Margin 2.8%
Net Profit Margin - 3 Yr. Avg. -3.2%
Effective Tax Rate -10.5%
Eff/ Tax Rate - 3 Yr. Avg. -13.1%
Payout Ratio 0%

CLD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CLD stock intrinsic value calculation we used $887.706 million for the last fiscal year's total revenue generated by Cloud Peak Energy. The default revenue input number comes from 0001 income statement of Cloud Peak Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CLD stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.8%, whose default value for CLD is calculated based on our internal credit rating of Cloud Peak Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Cloud Peak Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CLD stock the variable cost ratio is equal to 92%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CLD stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 9.4% for Cloud Peak Energy.

Corporate tax rate of 27% is the nominal tax rate for Cloud Peak Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CLD stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CLD are equal to 157.7%.

Life of production assets of 17.7 years is the average useful life of capital assets used in Cloud Peak Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CLD is equal to 4.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1007.809 million for Cloud Peak Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 75.778 million for Cloud Peak Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Cloud Peak Energy at the current share price and the inputted number of shares is $0.2 billion.

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COMPANY NEWS

▶ Coal Is Dead No Matter What Trump Says   [Aug-21-18 12:54PM  TheStreet.com]
▶ Why Shares of Cloud Peak Energy Inc. Popped 25% Today   [May-30-18 04:07PM  Motley Fool]
▶ Cloud Peak: 1Q Earnings Snapshot   [Apr-26-18 07:19PM  Associated Press]
▶ Does Cloud Technologies SA.s (WSE:CLD) PE Ratio Warrant A Buy?   [Apr-03-18 02:51AM  Simply Wall St.]
▶ New Strong Sell Stocks for March 7th   [Mar-07-18 07:39AM  Zacks]
▶ Why Energy Stocks Sank in Trump's First Year in Office   [Feb-25-18 06:37AM  Motley Fool]
▶ Cloud Peak misses Street 4Q forecasts   [Feb-15-18 06:11PM  Associated Press]
▶ Why Coal Energy's Recent Comeback Will Be Short Lived   [Feb-10-18 10:48AM  Motley Fool]
▶ Factors Keeping the Coal Industry Alive   [Jan-30-18 04:09PM  Zacks]
▶ Coal Industry Outlook - January 2018   [Jan-29-18 05:59PM  Zacks]
▶ [$$] Cloud Peak in Deal to Supply Coal to Japan   [12:25AM  The Wall Street Journal]
▶ [$$] Cloud Peak in Deal to Supply Coal to Japan   [Jan-16-18 06:19PM  The Wall Street Journal]
▶ 5 Breakout Stocks Offering Terrific Returns   [Jan-03-18 09:07AM  Zacks]
▶ Coal Spot Prices Remain Steady for the Second Month   [Dec-28-17 09:02AM  Market Realist]
▶ Crude Oil Prices Rise: Will It Impact Coal Miners?   [Dec-27-17 02:50PM  Market Realist]
▶ Natural Gas Prices Continue to Fall   [01:20PM  Market Realist]
▶ Coal Prices Stay Put in Winter 2017   [Dec-21-17 09:01AM  Market Realist]
▶ Analyzing Coal Productions Recent Fall   [07:32AM  Market Realist]
▶ Will the Marginal Drop in Crude Oil Prices Hit Coal Miners?   [Dec-20-17 05:20PM  Market Realist]
▶ 3 Stocks I Never Plan to Buy   [08:06AM  Motley Fool]
▶ Coal Production Rebounded in the Week Ended December 2   [Dec-15-17 07:32AM  Market Realist]
▶ Why Coal Production Declined in Week Ended November 25   [Dec-07-17 07:33AM  Market Realist]
▶ Are Coal Miners Impacted by Volatility in Crude Oil Prices?   [Dec-06-17 04:35PM  Market Realist]
▶ Coal Production Rises Marginally in Week Ended November 18   [Nov-29-17 03:00PM  Market Realist]
▶ Coal Production Falls in the Week Ended November 10   [Nov-22-17 01:46PM  Market Realist]
▶ Coal Production Rebounded in Week Ended November 4   [Nov-16-17 10:31AM  Market Realist]
▶ Natural Gas Prices Rose in the Wake of Winter   [07:33AM  Market Realist]
▶ How Natural Gas Inventories Are Affecting Coal   [Nov-15-17 05:39PM  Market Realist]
▶ 5 Breakout Stocks Offering Admirable Returns   [Nov-14-17 09:16AM  Zacks]

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