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Cloud Peak Energy, Inc. engages in coal mines operations. Its activities include: Antelope Mine, Cordero Rojo Mine and Spring Creek Mine. Read More The firm operates through the following segments: Owned & Operated Mines and Logistics & Related Activities. The Owned & Operated Mines segment includes thermal coal production where the sale occurs at the mine site. The Logistics & Related Activities segment includes services provided by the company to its international and domestic customers. Cloud Peak Energy was founded on July 31, 2008 and is headquartered in Gillette, WY.
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Westshore Terminals Investment Faces 2 Immediate Problems
Westshore Terminals (OTCPK:WTSHF), or ticker WTE in Canada, is (currently) Canada's busiest coal export terminal. It handles about 33 million tonnes of coal per year. It operates in Port Metro Vancouver. On Friday, one of its major customers, Cloud Peak Energy (CLD), gave off a going concern warning, and it could be in Chapter 11 soon, per Seeking Alpha: CLD says its updated financial forecasts reflect significantly lower levels of expected cash flow from operating activities for 2019, in part due to ongoi...
Yahoo FinanceMar 19
Cloud Peak On Brink Of Collapse After Bad Coal Bet
Cloud Peak Energy made a bet a little more than a decade ago that the U.S. power sector was still going to see coal as indispensable.
Yahoo FinanceMar 18
The Coal Miner Who Bet Everything on U.S. Power Markets and Lost
The Coal Miner Who Bet Everything on U.S. Power Markets and Lost (Bloomberg) -- Eleven years ago, Cloud Peak Energy Inc. made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the U.S. power sector. That gamble has now pushed it to the brink of bankruptcy. The company anchored its operations on Wyoming and Montana strip mines, brimming with easy-to-access coal that it sold to electricity plants. For a time, Cloud Peak thrived, growing into the third largest...
-$0.23 per share
Expected Mar 26, After Hours