Walter Energy (WLT) Refi Troubles Tied to Weakness in High-Yield Markets
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Alpha Natural Resources (ANR) Confident it Can Pay Debt Without Tapping Equity
June 18, 2013 9:34 AM EDTYesterday analyst Lucas Pipes of Brean Capital met with management at Alpha Natural Resources (NYSE: ANR). During the meeting, management commented on liquidity, a hot topic given recent news that Walter Energy (NYSE: WLT) delayed plans to refinance its... More
Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
June 17, 2013 5:48 PM EDT(Updated - June 18, 2013 11:13 AM EDT)
Morgan Stanley today maintained an Overweight Walter Energy (NYSE: WLT) with a price target of $47.00. Analyst Evan Kurtz sees huge upside in the stock and thinks shares could climb even if the company announced an equity offering, although no offering in intended. Kurtz also believes the company's balance sheet is manageable.... More
Walter Energy (WLT) Moves Higher on Resumption
June 17, 2013 9:31 AM EDTWalter Energy, Inc. (NYSE: WLT) energy resumes trading, the stock is up about 8.5 percent early.... More
Walter Energy (WLT) Could Rebound as 'Fears Adjust to Reality' - Analyst
June 17, 2013 8:44 AM EDTLast week shares of Walter Energy (NYSE: WLT) declined on reports it cancelled refinancing due to poor market conditions. Walter confirmed it postponed refinancing, but said it has no material debt principal payments due until 2015, and it requires no incremental funding at this time.... More
Walter Energy (WLT) Affirms Plans to Postpone Refinancing
June 14, 2013 3:57 PM EDTWalter Energy Inc. (NYSE: WLT) said that it will not proceed at this time with a refinancing of a portion of its existing debt.
The Company had said in a Current Report on Form 8-K dated June 5, 2013, that it had begun... More
Shorts Increased Bets on Walter (WLT) Through End of May; Shares Still Halted
June 14, 2013 3:33 PM EDTWalter Energy (NYSE: WLT) hasn't made an official announcement or filing on why its halted Friday afternoon, but here's a quick recap.
Shares were already lower today on segment pressure amid opening slightly higher.
At midday, a Forbes article... More
Walter Energy (WLT) trading halted with news pending
June 14, 2013 2:00 PM EDTWalter Energy, Inc. (NYSE: WLT) trading halted with news pending.... More
Walter Energy (WLT) Trading Paused; Pulls $1.55B Debt Refi
June 14, 2013 1:03 PM EDT(Updated - June 14, 2013 1:08 PM EDT)
Walter Energy (NYSE: WLT) is down 17 percent on Friday amid reports that it pulled out of a large loan refinancing.
Forbes said this afternoon that Walter pulled out of a $1.55 billion loan... More
