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Massey Energy MEE

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    1. Got a New Strategy? Don’t Forget the Execution Part

      Headlines

      Fri, 2 Aug 2013

      On Monday, Central Appalachian coal producer Massey Energy MEE lowered its full-year forecast for sales volume and realized prices and projected higher unit costs. Massey is facing delays

    2. Patriot Coal Files Chapter 11 Bankruptcy

      Commentary

      Wed, 11 Jul 2012

      Central App players we cover, Alpha is more "Patriot-like." It acquired several unionized operations when it bought Massey Energy in early 2011 (10% of employees). More importantly, Massey, being a very old miner, accumulated nearly $1 billion

    3. Alpha Natural Resources' New Bond Deal Prices Rich

      Commentary

      Thu, 19 May 2011

      compared with the credit quality of the company. Proceeds will be used to partially fund the $8.5 billion acquisition of Massey Energy MEE. We downgraded Alpha Natural Resources to BB from BBB- after the Massey transaction announcement, mainly because of

    4. Massey Lowering Its Guidance for 2011

      Commentary

      Tue, 3 May 2011

      Alpha Natural Resources ANR and Massey Energy MEE both reported poor first-quarter 2011 results. Alpha was struck by higher costs and much lower shipments. Costs per ton

    5. Arch's International Coal Group Buy Is Big Bet on Metallurgical Coal

      Commentary

      Tue, 3 May 2011

      second-largest reserve holder in Central Appalachia as well, behind Alpha Natural Resources ANR following its purchase of Massey Energy MEE. This diversification will serve to spread out some regulatory and economic risks and is a positive. However, Arch

    6. Coal miner Alpha Natural's profit beats Street

      Headlines

      Wed, 9 Feb 2011

      NEW YORK (Reuters) - Alpha Natural Resources Inc , which has agreed to buy rival Massey Energy , posted fourth-quarter profit that beat Wall Street estimates.

    7. New Credit Ratings: Alpha Natural Resources and Massey Energy

      Commentary

      Wed, 2 Feb 2011

      Resources ANR by two notches, from BBB- to BB, on the basis of our assessment that the recently announced acquisition of Massey Energy MEE will be detrimental to Alpha's underlying credit quality. We are raising our issuer rating for Massey from BB- to

    8. Miner Massey shares, others rise on acquisition talk

      Headlines

      Mon, 31 Jan 2011

      NEW YORK (Reuters) - Shares of U.S. coal mining companies rose on Monday on speculation of a wave of consolidation in the industry after Alpha Natural Resources agreed to buy Massey Energy in a $7...

    9. Alpha Doubles Down on Central Appalachia With Massey Deal

      Commentary

      Mon, 31 Jan 2011

      Alpha Natural Resources ANR finally negotiated the merger it's been seeking for the past three years by agreeing to acquire Massey Energy MEE for 1.025 shares plus $10 of cash for each Massey share. Factoring in Alpha's stock price fall Monday, the deal

    10. Alpha Rumored to be Stalking Massey

      Commentary

      Fri, 5 Nov 2010

      The Wall Street Journal reported a few hours ago that Alpha Natural Resources ANR has made an approach to acquire Massey Energy MEE, the troubled Central Appalachian miner that is currently reviewing strategic options. So far, Massey's stock

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