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Monday, Jul 8
Walter Energy (WLT +7.2%) rips higher, possibly due to positive comments from Davenport...
Walter Energy (WLT +7.2%) rips higher, possibly due to positive comments from Davenport indicating that WLT will provide an update on progress in getting waivers from its lenders. Simmons also says WLT's banking group remains supportive and an amendment providing covenant relief is likely in the next few months. Other coal names also move: ANR +2.9%, JRCC +3.4%, ACI +2.4%, CNX +3%, BTU +3.4%.