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Walter Energy Inc WLT



NYSE:WLT - Post by User

Post by JBBmineron Jan 12, 2012 5:59pm
279 Views
Post# 19398625

General comment

General comment

The Price of Low sulfur appalachian thermal coal has hit a 2-1/2 year low today at 63.57.  It might not seem to be that there is a corilation between the two (met and thermal) but you really can't get met unless you have thermal as well.

Long story short...  over 10% of the companies outstanding shares traded yesterday with big volume again today.  I hope longs will get paid off here, but I am out of this coal business for a while.  With natural gas being so low it's bound to put downside pressure on the sector.  JMHO

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