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Cloud Peak Energy (CLD) released earnings today, but that appeared almost secondary to the potential impact that President Donald J. Trump’s policies could have on its stock.
It’s not that Cloud Peak’s numbers were any good. The coal miner reported a loss of 30 cents a share, missing analyst forecasts for a loss of about 3 cents a share. Bloomberg’s Tim Loh, however, noted that Cloud Peak’s CEO spent a portion of his time praising Donald Trump’s plans to boost coal use, before analysts started asking about the potential impact of a possible trade war between the U.S. and Canada.
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BMO’s David Gagliano and Matt Cartoceti contend that Cloud Peak is “stuck in the middle of U.S./Canada trade noise.” They explain:
April 28, 2017 at 10:58PM
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from Ben Levisohn
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