Fast Money Picks For March 8th (WLT, HK, COSWF, CVI)

On CNBC's Fast Money, Tim Seymour said that investors should take a short position in Walter Energy, Inc. WLT, because of a decline in iron ore and coking coal prices. Walter Energy, Inc. (WLT) fell 1.59% in the regular trading session, and it dropped additional 1.20% in the after hours.

Guy Adami wants to buy Petrohawk Energy Corporation HK on Tuesday. Petrohawk Energy Corporation (HK) gained 1.44% in the regular trading session, and it dropped 0.50% in the after hours.

Karen Finerman thinks that it is time to sell CANADIAN OIL SANDS COSWF. She said that it had a big move. CANADIAN OIL SANDS (COSWF) gained 0.63% today.

Joe Terranova said that he doesn't like the refiners, but he has a long position in CVR Energy, Inc. CVI. CVR Energy, Inc. (CVI) fell 3.05% today, and it closed at $20.01.