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Walter Energy's (WLT +7.3) refusal to comment on rumors of BHP's interest in an acquisition...

Walter Energy's (WLT +7.3) refusal to comment on rumors of BHP's interest in an acquisition keeps shares moving higher, perhaps suggesting more than idle chatter. Also, another analyst sees the coal industry improving in 2013. The two developments are propping up the sector (KOL +0.5): JRCC +7.6%, OXF +4.2%, ANR +3.4%, ACI +2%, BTU +0.9%.
Comments (2)
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    I doubt it. BHP has been shutting down their own coal mines. Why are they going to buy some in the US?
    30 Nov 2012, 02:24 PM Reply Like
  • wil3714
    , contributor
    Comments (1671) | Send Message
     
    WLT has a diverse interest in location of its coal plants. It also has assortment of thermal and metallurgical coal which most companies dont have.
    30 Nov 2012, 11:47 PM Reply Like
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