WHC 0.26% $7.65 whitehaven coal limited

I think some of the selling is JP maybe shoring their own shares...

  1. 697 Posts.
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    I think some of the selling is JP maybe shoring their own shares hoping to accumulate more. Oh well just need to buckle up I guess. Weakness it Henry Hub was always going to go through energy markets. Alot of this is an artificially low price, the US out of capacity to store nat gas, looking for approval to store on trains. Government playing games with freeport facility. This is causing global markets to be completely segregated and is why coal held up so well so long. Hopefully things should start to equalise soon, hopefully with the major bias being increasing Nat gas prices rather than falling coal. Another potential positive is the volatility in nat gas may have scared away some production. In US well-head price is now too low to meet costs. This means No new production and when these storage issues play out demand will return and supply will be nowhere.
 
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