With Republicans victorious in the mid-term elections, it's possible that Congress will "slow down EPA rules on coal," a Strategas Research Partners analyst told Barron's. These rules have placed limitations on how much coal utilities use, Barron's noted.
Additionally, the Republican controlled Congress now has enough votes to approve the completion of the finale phase of the Keystone XL pipeline, Fox News reports.
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"I think you're going to see us bring up energy legislation right away and Keystone will be one of the first things we pass," North Dakota Republican Senator John Hoeven said, Fox News added.
Other coal stocks rising today include Peabody Energy Corp. (BTU) , higher by 1.30% to $10.92, Cloud Peak Energy Inc. (CLD) , up by 0.77% to $13.17, and Alpha Natural Resources (ANR) increasing by 6.58% to $2.59.
Separately, TheStreet Ratings team rates ARCH COAL INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: