While the queensland royalty is in place, it's unlikely that we'll see much below us$200 for PLV. Thermal looks like it'll bottom us$115-120 for newc.
Ukraine war ends and the russian gas will stay in russia. Trump the peacemaker was always against europe buying russian gas. What I think could occur is that qatar/saudi gas is now piped across syria... with assad out of control, the russians cant control the land and a pipeline could be built... if if if if if...
ukraine war didn't really have an impact, other than what the media hyped. coal stonks have nearly always traded on lower multiples. china use at all time highs and still gowing. india demand still increasing... i can't see much of a pull back in thermal, however, met could be impacted by lower demand ...
WHC Price at posting:
$6.52 Sentiment: Buy Disclosure: Held
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