MEE - Sector: Energy---Industry: Coal

[BigSully1]

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Massey Energy Co.
4 North 4th Street
Richmond, VA 23219
United States - Map
Phone: 804-788-1800
Fax: 949-349-7220
Web Site: http://www.masseyenergyco.com

DETAILS  
Index Membership: N/A
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Full Time Employees: 5,407


BUSINESS SUMMARY  
Massey Energy Company, through its subsidiaries, produces, processes, and sells bituminous coal. The company's customers include electric utilities, steel manufacturers, industrial customers, and energy traders and brokers. As of December 31, 2007, it owned and operated approximately 188 wells, 200 miles of gathering line, and various small compression facilities in Appalachian Basin. The company also operated 47 mines, including 35 underground and 12 surface in West Virginia, Kentucky, and Virginia. Massey Energy Company distributes its products through freight and terminal agreements with various providers, including railroads, barge lines, steamship lines, bulk motor carriers, and terminal facilities. The company was founded in 1912 and is headquartered in Richmond, Virginia.

[422fwhp]

nice chart...

[422fwhp]

MEE Massey Energy on conf call: met coal prices will likely remain robust for the next several years (53.88 +2.62) -Update- b.c

[setravis]

The least loved of the major coal stocks.
The stock has worked its way higher by bites and nibbles.
Looking at the charts...Beautiful Double Bottom Bounce (check the 5 year chart)



52wk Range: 16.01 - 68.65
Volume: 4,033,121
Avg Vol (3m): 3,002,640
Market Cap: 5.21B
P/E (ttm): 50.33
EPS (ttm): 1.28

Technicals
Last Price Quote is:
3.58%above 13-day EMA
19.59%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $5,206.49 
P/E Ratio: 50.43 
PEG Ratio: 0.623145 
Next Earnings: 07/24/2008
Last Analyst Rating: Above Average

[setravis]

Cabot Oil & Gas Corp. and Massey Energy Co. are being added to the Standard & Poor's 500-Stock Index.
Cabot Oil (COG) to replace Brunswick Corp (BC).
Massey Energy Co (MEE). to replace OfficeMax Inc. (OMX).
The changes will take effect after the close of trading on June 20.


Technicals
Record Price High
Percentage Gainer
Price Gainer

Last Price Quote is:
12.95%above 13-day MA
34.95%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $5,915.51 
P/E Ratio: 57.30 
PEG Ratio: 0.7 
Next Earnings: 07/24/2008
Last Analyst Rating: Outperform

[setravis]

Press Release Source: Standard & Poor's


Standard & Poor's Announces Changes to U.S. Indices
Thursday June 12, 6:28 pm ET


NEW YORK, June 12 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading Friday, June 20:

    -- S&P SmallCap 600 constituent Cabot Oil & Gas Corp. (NYSE: COG - News) will
       replace Brunswick Corp. (NYSE: BC - News) in the S&P 500, and Brunswick Corp.
       will replace Cabot Oil & Gas in the S&P SmallCap 600.
    -- S&P SmallCap 600 constituent Massey Energy Co. (NYSE: MEE - News) will replace
       OfficeMax Inc. (NYSE: OMX - News) in the S&P 500, and OfficeMax will replace
       Massey Energy in the S&P SmallCap 600.
    -- S&P SmallCap 600 constituent FLIR Systems Inc. (Nasdaq: FLIR - News) will
       replace Ruby Tuesday Inc. (NYSE: RT - News) in the S&P MidCap 400, and Ruby
       Tuesday will replace FLIR Systems in the S&P SmallCap 600.
    -- S&P SmallCap 600 constituent Trimble Navigation Ltd. (Nasdaq: TRMB - News)
       will replace CSG Systems International Inc. (Nasdaq: CSGS - News) in the S&P
       MidCap 400, and CSG Systems will replace Trimble Navigation in the S&P
       SmallCap 600.


These changes are being implemented toward the end of maintaining the cap-range appropriateness of the indices' constituents, as well as the indices' representativeness of the market's sector balance in those cap ranges. The market values of all companies involved are more appropriate for the indices they are moving to than the indices they are moving from. The modest impact of M&A activity on the US indices thus far this year affords us the opportunity to make these adjustments with relatively minimal turnover.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Cabot Oil & Gas produces, purchases and markets natural gas, and, to a lesser extent, produces and sells crude oil. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Exploration & Production Sub-Industry index.

Massey Energy produces coal. Headquartered in Richmond, VA, the company will be added to the S&P 500 GICS Coal & Consumable Fuels Sub-Industry index.

Brunswick manufactures marine engines and boats, and also has other recreational businesses. Headquartered in Lake Forest, IL, the company will be added to the S&P SmallCap 600 GICS Leisure Products Sub-Industry index.

OfficeMax is a retail and business-to-business office products distributor. Headquartered in Naperville, IL, the company will be added to the S&P SmallCap 600 GICS Specialty Stores Sub-Industry index.

FLIR Systems designs, manufactures and markets thermal imaging and broadcast camera systems for use in commercial and government markets. Headquartered in Wilsonville, OR, the company will be added to the S&P MidCap 400 GICS Electronic Equipment Manufacturers Sub-Industry index.

Ruby Tuesday owns, operates and franchises about 940 casual dining restaurants. Headquartered in Maryville, TN, the company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.

Trimble Navigation provides advanced positioning product solutions, typically to commercial and government users. Headquartered in Sunnyvale, CA, the company will be added to the S&P MidCap 400 GICS Electronic Manufacturing Services Sub-Industry index.

CSG Systems provides customer care and billing services for cable and satellite providers. Headquartered in Englewood, CO, the company will be added to the S&P SmallCap 600 GICS Data Processing & Outsourced Services Sub-Industry index.


Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP - News), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit: www.standardandpoors.com.

About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP - News) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2007 were $6.8 billion. Additional information is available at http://www.mcgraw-hill.com.




--------------------------------------------------------------------------------
Source: Standard & Poor's

[setravis]

AP
Massey Energy VP exercises options
Tuesday June 17, 2:23 pm ET 
Massey Energy Vice President John M. Poma exercises options for 3,464 shares of stock


NEW YORK (AP) -- The vice president of human resources at coal producer Massey Energy Co. exercised options for 3,464 shares of common stock under, according to a Securities and Exchange Commission filing Monday.
In a Form 4 filed with the SEC, John M. Poma reported he exercised the options Friday and Monday for $39 apiece. He also sold 3,464 shares on the same days for $78.75 to $83.75 apiece.

In addition, he sold 1,002 shares of common stock for $84.75 apiece Monday under a prearranged 10b5-1 trading plan, which allows company insiders to set up a program in advance for such transactions and proceed even if they come into possession of material nonpublic information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Massey Energy is based in Richmond, Va.

[setravis]

MEE - Momentum...

Massey Energy Company, through its subsidiaries, produces, processes, and sells bituminous coal. The company's customers include electric utilities, steel manufacturers, industrial customers, and energy traders and brokers.

Massey Energy Company (MEE), which will soon replace OfficeMax in the S&P 500,
made the Zacks #1 Rank Top Performers List for a second straight week as shares rose 11.5%. In the previous week, shares were up 13.6%. Earnings estimates for this year advanced 34% over the past two months. Furthermore, analysts expect next year's expectations to be about 41% better than this year's.

Coal prices have been moving sharply higher, providing a boost to companies in the industry such as MEE. In its first quarter, earnings per share of 52 cents trounced the consensus by 62.5%, while produced coal revenue was up 4.5%. Massey Energy was very active during the quarter in its expansion and cost reduction projects. It expects productivity to improve in the second quarter and beyond.



52wk Range: 16.01 - 84.87
Volume: 3,523,322
Avg Vol (3m): 3,140,840
Market Cap: 6.90B
P/E (ttm): 66.73
EPS (ttm): 1.28
Div & Yield: 0.20 (0.20%)

Technicals
Record Price High

Last Price Quote is:
15.47%above 13-day MA
39.12%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $6,593.92 
P/E Ratio: 63.87 
PEG Ratio: 0.78 
Next Earnings: 07/24/2008
Last Analyst Rating: Outperform

[setravis]

The only group on the upside were energy stocks, where we hit new highs in many oil service names, as well as coal companies like Massey
$93.38  +$4.02 or +4.5% 



52wk Range: 16.01 - 92.79
Volume: 5,381,539
Avg Vol (3m): 3,371,870
Market Cap: 7.52B
P/E (ttm): 72.73
EPS (ttm): 1.28
Div & Yield: 0.20 (0.20%)

Technicals
Record Price High
Percentage Gainer
Price Gainer

Last Price Quote is:
15.52%above 13-day MA
42.42%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $7,199.81 
P/E Ratio: 69.74 
PEG Ratio: 0.822857 
Next Earnings: 07/24/2008
Last Analyst Rating: Outperform

[setravis]

•[$$] Goldman's Coal Call Stokes Activity

Updated chart scene...

[setravis]

Massey shares soar on takeover rumor
Shares of coal miner Massey jump more than 11 percent on Alpha Resources takeover rumor

On Friday November 5, 2010, 5:33 pm
NEW YORK (AP) -- Shares of coal miner Massey Energy Co. jumped more than 11 percent Friday on rumors of a takeover offer from rival Alpha Natural Resources.

The Wall Street Journal reported that Alpha Natural Resources Inc. was considering a buyout of the Richmond, Va., company. The Journal said Massey hired investment bank Perella Weinberg as an adviser on Alpha's possible bid and will review its options at a board meeting later this month.

Massey shares rose $4.73, or 11.2 percent, to close at $46.94, after trading as high as $48.12 earlier in the session. Alpha shares fell $1.26, or 2.8 percent, to close at $44.45.

Massey is a logical target for Alpha Resources. Alpha was created to acquire other coal producers and has proven an aggressive buyer. It snapped up Foundation Coal Holdings for $1.4 billion in July 2009.

Other U.S.-based coal companies big enough to consider buying Massey are unlikely suitors. Peabody Energy and Arch Coal, both based in St. Louis, have largely abandoned Appalachia, where Massey's mines are clustered in West Virginia, Kentucky and Virginia. Consol Energy, based in Canonsburg, Pa., has the financial resources but is committed to expanding in the natural gas business.

Massey CEO Don Blankenship has said that his company is undervalued because the strength of its coal reserves isn't given enough weight. Massey holds about 2.9 billion tons of reserves. Around 1.3 billion tons is metallurgical coal, which is in strong demand by international steelmakers.

Alpha is the largest U.S. metallurgical coal producer and would control a big piece of the emerging international market if it were to acquire Massey. China, India and other Asian nations have driven demand for metallurgical coal. While Australia dominates supplying the Asian market, U.S. producers have made inroads.

Massey has faced intense pressure since the April 5 explosion that killed 29 miners at its Upper Big Branch mine in West Virginia. The blast was the deadliest at a U.S. mine since 1970 and is the subject of criminal and civil investigations. Massey also faces a U.S. Labor Department lawsuit seeking to close one of its mines in Kentucky as a serial violator of federal safety laws.

Spokesmen for Massey and Alpha Resources declined to comment on the takeover report.

[setravis]

Buyout speculation...

Has a long way to go if there is any truth to the rumor.
MEE has broken out of a prolonged basing period so buyout or no buyout, MEE is headed higher (along with PCX).

Day's Range: 42.41 - 48.12
52wk Range: 25.85 - 54.80
Volume: 18,558,845
Avg Vol (3m): 4,022,000
Market Cap: 4.77B

Technicals
Most Actives
Percentage Gainer
Price Gainer

Last Price Quote is:
16.11%above 13-day MA
30.90%above 50-day MA
RS Rating: 93 

The Golden Cross is on the horizon.......

[setravis]

This is looking at the 2 year chart.
Nice chart, good looking cup !

[setravis]

MEE  Alpha Natural Resources Plans to Establish Two International...  by PR Newswire  Mar 2 2011 8:44AM

ABINGDON, Va., March 2, 2011 /PRNewswire via COMTEX/ -- Alpha Natural Resources, Inc. (ANR) today announced its plans to establish two international sales and development offices: one in Sydney, Australia and one in New Delhi, India.

The global market conditions for both metallurgical and thermal coal appear likely to continue to improve in 2011, driven by increasing demand primarily in Asia. Given this anticipated increased global demand and constrained seaborne supply, U.S. coal producers should benefit as U.S. production capacity exceeds consumption of metallurgical coal by the domestic steel industry and thermal coal by domestic electric utilities, allowing for additional export opportunities.

"With the seaborne markets for both metallurgical and thermal coal in a growth mode, these two offices will help Alpha meet anticipated increased global demand in the long term," said Kevin S. Crutchfield, CEO.

Each office will be focused on increasing Alpha's sales of coal to high growth markets through our existing export platform, as well as unique optimization opportunities. Both offices will also serve to further develop and enhance trading opportunities, market intelligence and strategic relationships in the Asian markets.

On Jan. 29, 2011, Alpha Natural Resources and Massey Energy Company (MEE) announced an agreement for an $8.5 billion combination. The new entity should be well-positioned to capitalize on strong global demand trends for coal. Together, the two companies will be America's largest supplier of metallurgical coal for the world's steel industry and a highly diversified supplier of thermal coal to electric utilities in the U.S. and overseas.

Brian D. Sullivan, who most recently was senior vice president and general counsel for the United Company in Bristol, Va., will lead the Australian office. Sullivan was a key member of the leadership team at United and oversaw the acquisition and divestiture of operating coal assets for the company. Suresh Iyer, most recently vice president of enterprise risk management at Alpha, will lead the Indian office. In previous positions, Iyer has had responsibility for buying, selling and trading coal for domestic and international markets.

Both offices are expected to be fully operational by mid-year 2011. Brian Sullivan will report to Phil Cavatoni, executive vice president and chief strategy officer. Suresh Iyer will report to Scott Pack, executive vice president--sales and president of Alpha Coal Sales Co., LLC.

About Alpha Natural Resources

Alpha Natural Resources is one of America's premier coal suppliers with coal production capacity of greater than 90 million tons a year. Among U.S. producers, Alpha is a major supplier and exporter of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries across the country. The company, through its affiliates, employs approximately 6,500 people and operates approximately 60 mines and 13 coal preparation facilities in Appalachia and the Powder River Basin. More information about Alpha can be found on the Company's website at www.alphanr.com .

SOURCE Alpha Natural Resources, Inc.


Day's Range: 63.34 - 65.21
52wk Range: 25.85 - 67.17
Volume: 6,539,333
Avg Vol (3m): 4,650,600
Market Cap: 6.63B
P/E (ttm): N/A
EPS (ttm): -1.71
Div & Yield: 0.24 (0.40%)

Technicals
Close Above the 13-day EMA

Last Price Quote is:
3.39%above 13-day EMA
11.07%above 50-day EMA
RS Rating: 86 

[setravis]

Take Advantage of Coal's Pullback:

Investors should be taking advantage of coal's recent pullback by buying some of the producers, said Jeremy Sussman, coal analyst at Brean Murray, Carrett & Co.

We're very bullish on the global supply-demand outlook," Sussman told CNBC.

We've seen some M&A activity recently [within the sector] and we'd be taking advantage of the pullback."

For the next two or three years, Sussman said North American metallurgical coal (met coal) is going to remain at a "very high scarcity value" in terms of the global commodity chain, as Australia continues to recover from its recent floods.

"Queensland [Australia], which accounts for 60 percent of the world's net coal exports, has major flooding where the country is still hurting and so we've seen a premium put on North American and U.S. met coal production."

HIS PICKS...

Alpha Natural Resources [ANR  56.52    2.51  (+4.65%)   ] 

Walter Energy [WLT  127.36    4.36  (+3.54%)   ] 

International Coal Group [ICO  10.24    0.27  (+2.71%)   ]