Yeah, no doubt financing will be hard for coal companies going forward. This will only help support the price of current supply.
I have been moving away from coal recently though. I'm mostly into the oil super majors and Canadian oil sands producers like Suncor and Canadian Natural resources. The majors have a lot of natural gas which will most likely replace coal in places that have large scale renewables.
I'm also interested in the US midstream space. I own a company called Energy Transfer (ET). It's trading around 4 to 5 earnings. Even less to cash flow and they've just recently announced they're going to restore their pre-pandemic dividend in the coming quarters.
That would be an annualized dividend of $1.22 on a share price of $9.70. Around a 12.5% dividend!
/Sorry off topic.
Ann: Quarterly Activities Report, page-18
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