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Walter Energy faces possible curtailments as met coal markets weaken
Moody's downgrades Walter Energy deeper into junk, threatening Brule and Wolverine mines while Willow Creek remains at risk. At Brule and Wolverine, production sits below potential as prices hover near production costs. Analysts warn sustained oversupply could force further cuts if demand from China and Japan fails to rebound.
MENTIONED IN THIS ARTICLE
Walter Energy
Brule
Chetwynd
Willow Creek
Wolverine
Tumbler Ridge
Met
Lukas Klemke
Klemke
Shane Gant
Met Coal
Gant
Virginia
Alabama
United Kingdom
China
Seeking Alpha
Morgan Stanley Financial
David Jackson