FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):U.S. coal producers head into the second-quarter earnings season in the wake of a new round of industry bankruptcies, weakening seaborne prices, logistical challenges and tough domestic sales prospects.Seven of the 10 publicly traded coal companies analyzed by S&P Global Market Intelligence are expected to report lower EPS in the second quarter compared to the prior quarter. Despite the challenges facing the sector, only one of the nine companies, Foresight Energy LP, is expected to a report a loss.“The first half of 2019 is in the books, and it wasn’t pretty for most coal equities,” Seaport Global Securities analyst Mark Levin concluded in a July 9 analyst note. “Not one coal equity outperformed the S&P 500.”Two rail providers that provide services to the coal sector have reported results that included reduced domestic and export coal volumes in the recent quarter. Meanwhile, several producers in the sector are in the middle of Chapter 11 bankruptcy reorganizations, including large, pure-play Powder River Basin coal producer Cloud Peak Energy Inc.Prices for metallurgical coal remain above five- and 10-year average prices but were still down from the prior year, Levin noted. Meanwhile, coal’s share of U.S. electricity generation in April declined to 25% from 27% the year before.“Most investors expect the utility coal market to get worse before it gets better,” Levin wrote. “Most investors to whom we speak think the U.S. utility coal market will be worse in 2020 than in 2019.”More ($): H1’19 ‘wasn’t pretty for most’ US coal producers heading into earnings season U.S. coal analysts say struggling sector likely to face even more problems in 2020
September 28, 2020
Energy services provider Bilfinger Salamis UK has been awarded a GBP 1 million contract for the coating repair services on the Sheringham Shoal offshore wind farm, operated by Statoil.The three-year contract will be managed from Bilfinger’s Great Yarmouth base, creating five new offshore positions and supporting further expansion of Bilfinger’s services in the Southern North Sea, the company said.Bilfinger will supply surface preparation, coating application and coating inspection services, which require specialist rope access teams who will carry out all maintenance activities on the assets.“Now that windfarm assets are ageing, it’s great to see that we are being recognised for adding value through our significant operations and maintenance experience and capability,” said Bilfinger Salamis UK Managing Director, Sandy Bonner.“We have over 40 years’ experience in delivering inspection, repair and maintenance services to the offshore energy industry, and our in-depth understanding, skills and local resources mean we’re ideally placed to continue supporting the long-term operations and maintenance needs of the UK wind sector.” The 317MW Sheringham Shoal is located 10-15 nm off the North Norfolk coast. The 88-turbine offshore wind farm has been in operation since 2012.
August 15, 2019
November 26, 2012 397 Views Share in Data, Government, Origination, Secondary Market, Servicing New,Stewart National Title Adds to Business Development Team David D. Page has joined “”Stewart National Title Services””:http://www.stewart.com/ as a business development officer for its office in Houston, Texas, the company announced.[IMAGE][COLUMN_BREAK]With more than eight years’ experience in the title insurance industry, Page has served in sales and business development for both local and national title insurance companies. In addition, he has experience working in the residential real estate and legal services industries.In his role at Stewart, he will be responsible for increasing the company’s national commercial business with a focus on serving the Houston and Texas markets.””David is an important addition to our organization. His industry knowledge and experience will greatly contribute to our goal of growing the company’s market share in the Houston area,”” said Walker Molinare, VP and sales manager for Stewart’s Houston commercial sales team. Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers Stewart National Title 2012-11-26 Tory Barringer