Month: October 2020

Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal
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Back in June, we expressed our very bullish thesis on the iPath DJ-UBS Copper Total Return Subindex ETN (JJCTF) after the violent sell-off in the first half of the year. To wit: We identified correctly the positive turn in the fundamentals amid a positive macro backdrop thanks to a substantial dose of stimulus delivered by
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New Puerto Rico Oversight board member Justin Peterson exercised an exit veto on a proposed central government debt restructuring Friday. More than two hours into a virtually held public board meeting, Justin Peterson left the meeting to remove the board’s quorum. He did this to deny the remaining three board members the right to take
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US coronavirus cases increased by 97,000 on Friday, by far the largest one-day jump since the start of the pandemic, with Midwestern states leading a wave of infections, hospitalisations and deaths across the country just days before the presidential election.  The sharp increase, which beat Thursday’s record of 88,400, took the weekly total for the
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Nassau County, New York, Executive Laura Curran’s goal for an early 2021 budget approval has hit a stumbling block: stiff opposition from legislative Republicans toward her debt refinancing proposal that is a key component of her $3.3 billion spending plan. Curran vetoed budget changes the GOP-controlled county legislature sought in her $3.3 billion spending proposal
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