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Coke is essential for the making of steel and other byproducts. This company has been coking for years and has many locations.
Good buy. People think this is a coal stock when it's really not. it's an electricity and steel stock. They will recover.
News: $SXC Suncoke Energy, Inc. Appoints Martha Z. Carnes To Its Board Of Directors
LISLE, Ill. , Dec. 5, 2019 /PRNewswire/ -- SunCoke Energy, Inc. (NYSE: SXC) today announced that Martha Z. Carnes has been appointed to the Board of Directors, effective immediately. "We are very pleased to welcome Martha Carnes to our Board as a new independent director...
In case you are interested SXC - Suncoke Energy, Inc. Appoints Martha Z. Carnes To Its Board Of Directors
SunCoke Energy ( $SXC -2.5%) reports Q2 adjusted EBITDA of $67.3M (+42% Y/Y) driven by higher sales volumes at Domestic Coke segment and Logistics business.
Revenue by segment: Domestic Coke: $328.7M (+10.9%); Logistics: $28.1M (+73.5%);
Domestic Coke sales volume increased 5.7% to 1,007,000 tons, with production up 5.2% to 999,000 tons; Logistics handled 6.98M (+34.9%) tons.
Reaffirm FY18 outlook with adjusted EBITDA of ~$240M-255M; Domestic coke production is expected to be ~3.9M tons; Capex to be ~$95M; Cash generated by operations is estimated to be ~$150M-165M.
Out at 11.17. Little premature. High was over 11.30. Then came back down. Watching now. Stop loss is always smart...
In at 10.56 this morning
Watching. Closed at 10.69 today. Read latest filing on retirement. Wish I could get a package like that...
Bullish Harami Cross chart on decent volume last couple days.
I agree with your perspective. Coal is and has been under fire. I have a very hard time looking at a value proposition here absent several substantial factors. There is likely trading opportunities but like anything it requires a lot of due diligence and paying attention. Thanks again for your comments.
It looked like it was going to rally much better previously when it was at that 4.60 level recently (and when Nat Gas was showing bottoming signs in late October), but yet again SXC still dives downward as a continuous trend.
Overall, problem is that it is coal. Sector is a never ending bottomless pit.
I pity anyone who tries to hold any of these coal type stocks long term, as I've always said to anyone in the past. Short term trade these only in my view.
Best possible hope for holders of this is that $NatGas bottoms this Winter (as I said before), because coal competes with it, and hopefully that will happen by November or December (and near same time in late November when the ex-div qualification period could also help attract buyers), and also hopefully before this tanks below 3.00.
Otherwise, longer term problem is that you have a Fed Govt Administration & EPA that is doing its best to end the Coal sector, which is an ongoing problem and a likelihood scenario longer term price will continue lower and lower.
You're welcome!
And congrats on today's move up... Just maybe it hit a real inflection based turning point
Appreciate your comments.
Because nat gas is getting killed badly now, and subsequently will have the warm weather we are having (above average for this time of year) and the supply increase priced in long before this year end.
and to the contrary of your idea of January, that time Jan-Feb is usually the peak of winter seasonality. So I would not presume nat gas bottoms there. More like by November or perhaps December based on what is going on.
I'm also factoring in the rig counts that have declined a lot, which eventually in months to come should have an affect on nat gas production, and also factoring the increased demand eventually from the upcoming exports of LNG/CNG.
So keeping all this in mind as I have mentioned before, that Nat Gas bottoming is approx the best time frame for determining SXC best entry point, relevant to the fact Coal competes wiht cheaper Nat Gas.
Thus far SXC has already blown away my low-ball targets I've posted on SXC in the past. My low a week ago I anticipated possible, etc, was thinking 4.80, and it is much lower than that already.
Thanks for the comments. Why do you think natural gas will bottom early fall versus in 1st quarter?
I'm still not in SXC.
So far it's coming into my lower range anticipated (4.80-5.20).
I would speculate similarly as before that this rises around or before ex-div later in later November, and before then Nat Gas should stop crashing, and as the market knows, coal competes with nat gas, so when Nat Gas gets very cheap, it puts pressure on coal companies.
Knowing these factors, I'd look for a very oversold entry opportunity soon (possibly under 5, upper 4s) as Nat Gas may also bottom short term around late October.
When nat gas takes a break from crashing, this will also be a short span away from ex-div later in November and SCX will be at very oversold all-time lows, so starts should be lining up for it soon.
My previous posts here below on speculations & trade set up thoughts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117855859
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117780151
Looks like we COULD be just about to bust loose to the upside. Fingers crossed.
I think long term the value proposition is strong here. But further downside is likely before that or so it seems.
Definitely not a lot of strength here. Still holding mine for a bit to wait and see. Strange for it to continue dropping like this with so few shorts on the stock. We'll see...
I'm still not in this, fortunately, as it is hitting new lows again.
I'm anticipating a bit more weakness... 5.20, perhaps 4.80 range i'd be more interested.
Just calling it as I see it.
Just to note (for what its worth) SunCoke has an "A" stock rating at Schwab right now.
Good analysis. Seems the part.
I think I would agree with your perspective.
But now SXC is getting cheaper after getting hammered since earnings a few days ago.
Has a nice history of volatile, trade-able short term swings after big selloffs every few weeks.
...And apparently there is an upcoming ex-div (dividend) qualification date in November(?)
Before then it should likely start to attract buyers, so finding a dip here in October somewhat soon may be wise to look for entry.
SunCoke Energy (SXC -26.9%) plunges to 52-week lows after reporting an unexpected Q3 loss and revising its adjusted EBITDA outlook for the fiscal year.
SXC cited performance problems at its Indiana Harbor cokemaking facility, a ~$19M impairment to its equity method investment in the VISA SunCoke joint venture in India, the pass-through of lower coal costs in its domestic coke segment, and lower sales volumes.
SXC expects FY 2015 coke production of 4.1M-4.2M tons, adjusted EBITDA attributable to SXC of $185M-$190M, and 2015 distributable cash flow of $110M-$116M.
SunCoke Energy (NYSE:SXC) says President and COO Michael Thomson is leaving the company and stepping down from the SunCoke Energy Partners (NYSE:SXCP) Board to pursue other interests.
Coke operations VP Barry Elswick also is leaving the company.
As a result of the departures, SXC says it will flatten its organization and expand the roles of key existing executives, with CEO Fritz Henderson and others assuming additional responsibilities.
In a statement addressing proposed new IRS regulations, SunCoke Energy (SXC +3.1%) and SunCoke Energy Partners (SXCP -2.4%) say "the proposed regulations as currently drafted support the position that the coking of coal is a qualifying activity" for forming an MLP.
NEWS: $SXC Announces Date for Fourth Quarter 2014 Earnings and 2015 Guidance
~ $SXC ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $SXC ~ Earnings expected on Thursday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=SXC&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=SXC&p=W&b=3&g=0&id=p54550695994
~ Barchart: http://barchart.com/quotes/stocks/SXC?
~ OTC Markets: http://www.otcmarkets.com/stock/SXC/company-info
~ Google Finance: http://www.google.com/finance?q=SXC
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=SXC#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=SXC+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=SXC
Finviz: http://finviz.com/quote.ashx?t=SXC
~ BusyStock: http://busystock.com/i.php?s=SXC&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=SXC&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=SXC
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=SXC
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=SXC
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=SXC
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=SXC
~ MarketWatch: http://www.marketwatch.com/investing/stock/SXC/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=SXC
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=SXC
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=SXC&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=SXC&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=SXC&size=l&frequency=60&color=g
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*If the earnings date is in error please ignore error. I do my best.
Analyst now starting to follow ... this could propel withing the next few days... My target is 13.50 before 12/31...just my thought no guarantee Sunoco is giving these shares as dividends. Things should heat up ... this is undervalue here selling for less then the ipo offer. do your own DD... I watch this everyday...it will move up the next few days. Again, don't take my advise and invest ... theirs always a chance you lose everything.
Natural gas affecting Coal Prices...A steal at these levels
This stock is way undervalued... All the coke is sold before they produce it... and they just opened another plant upping production. With some more good PR and coal sector on the move this is a safe play. we may see 15.00 before thanks giving if not sooner. JMHO... of course I'm not suggesting any type of investment for I'm not an analyst...GLTA
SXC has all their coal sold everything that is produce is already sold. Hmmmmm this should be at 18.00 come december.
PPS 12.63 after market down grade should be a good base.
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Through continuous innovation and industry-leading technology, SunCoke Energy has become the largest independent producer of high-quality metallurgical coke in the Americas and has over 45 years of metallurgical coke production experience. We are internationally recognized as a leading provider of heat recovery cokemaking technology that meets or exceeds applicable environmental standards and that produces some of the highest coke quality in the market.
SunCoke Energy operates cokemaking facilities that produce over 5 million tons of metallurgical coke per year for integrated steelmakers utilizing blast furnace technology. We bring superior heat-recovery technology, capital, and people to make the best coke in the market. We will build, own, and operate a coke plant with clients, delivering substantial benefits.
SunCoke Energy has a rich history in coal mining and cokemaking. Our past successes give us the confidence and determination to prosper and grow our company.
SunCoke Energy's cokemaking process started when B. Ray Thompson built three test ovens in Vansant, Virginia in the early 1960's. A four month test found that coke could be made from Virginia coal. Production was scaled up during the next ten years. In 1969, 450,000 tons of coke were produced per year at what is now our Jewell cokemaking facility.
Production continued to expand into the 1970's when 16 large Jewell-Thompson ovens were built, increasing capacity by 80,000 tons per year. In the early 1980's, SunCoke Energy improved its technology with enhanced combustion control and oven construction techniques, thereby enhancing coke quality. Then in the late 1980's, we developed new technologies and processes to monitor and control oven temperatures increasing our coking cycles to 48 hours.
With a mature and robust coke oven technology, SunCoke Energy continued to improve its coke quality and coal-to-coke yield through the 1990's. During that time we also implemented our heat recovery/power generation technology.
As a result of the design improvements and extensive operational know-how developed since we began coke production in 1962, we believe that we possess the most advanced and environmentally sound cokemaking technology in the industry. Our oven design and operational practices also allow us to produce more electricity from our heat recovery process than any competing heat recovery technology.
Today, SunCoke Energy currently operates metallurgical coke plants in Vansant, Virginia; East Chicago, Indiana; Haverhill, Ohio; Granite City, Illinois; and Vitória, Brazil . These facilities produce over 5 million tons of coke each year. Our latest plant located in Middletown, Ohio is currently under construction with plans to be operational in the second half of 2011.
Our mission is to fuel our steel customers with coke, coal and power. We will grow our business globally, expand with current and new customers, and operate our assets efficiently and responsibly.
Thank you for learning about SunCoke. For more information and details, please contact us today. You can simply complete the form below and a representative will contact you or you can contact us directly.
Email: SunCokeInfo@sunocoinc.com
Phone:865-288-5200
Fax:865-288-5280
SunCoke Energy
Parkside Plaza (location until June 2011)
11400 Parkside Drive
Knoxville, TN 37934
USA
1011 Warrenville Road (location after June 2011)
6th Floor
Lisle, IL 60532
USA
SunCoke Energy Inc. is the largest independent producer of metallurgical coke in the Americas with more than 45 years of experience supplying coke to the integrated steel industry. Our advanced, heat recovery cokemaking process produces high-quality coke for use in steelmaking, captures waste heat for derivative energy resale and meets or exceeds environmental standards. Our cokemaking facilities are located in Virginia, Indiana, Ohio, Illinois and Vitoria, Brazil, and our coal mining operations, which have more than 100 million tons of proven and probable reserves, are located in Virginia and West Virginia.
Given the ongoing demand for steel worldwide and the need to replace aging cokemaking facilities and meet environmental standards, SunCoke is uniquely positioned to serve the steel industry. Take a few minutes to learn about us, our business and our focus on driving innovation.
07/21/11 SunCoke Energy, Inc. Announces Pricing of Its Initial Public Offering |
07/21/11 SunCoke Energy, Inc. Announces Pricing of Its Senior Notes Offering Daily Chart |
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