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Tuesday 2:30 PM Patriot Coal (PCX -27.1%) shares claw back only slightly as trading resumes after news of the company's new revolving credit facility. Other coal stocks (KOL -1.8%) still depressed: BTU -2.9%, WLT -4.6%, CNX -1.6%, ACI -4.9%, ANR -3.2%, JRCC -8%.
1 Comment[Energy, On the Move]
- Tuesday 12:19 PM Patriot Coal (PCX -28.6%) plunges and is pulling all coal stocks (KOL -1.8%) lower, due to a report the company has fielded informal pitches from bankruptcy advisors. Last week, PCX delayed a refinancing after disclosing a potential contract cancellation from a key customer. ACI -7%, JRCC -6.3%, ANR -5.1%, BTU -3.8%, WLT -3.5%, CNX -2.3%. [Energy, On the Move]
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at CNBC.com (May 17, 2012)
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at CNBC.com (May 3, 2012)
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at CNBC.com (Apr 23, 2012)
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at CNBC.com (Apr 12, 2012)
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at CNBC.com (Apr 11, 2012)
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Company Description
Walter Energy, Inc., formerly Walter Industries, Inc., is a producer and exporter of metallurgical coal for the global steel industry and also produces steam coal, coal bed methane gas (natural gas), metallurgical coke and other related products. The Company operates its business through three... More