So many coal producers now in Australia are so undervalued, when thinking about where their share prices are and their asset values, considering the reliance on coal of many many nations.
Coal is going nowhere for quite sometime and even BP’s plan for the future aims for a timeline of 2050 for a complete change in its fossil fuel business.
My favourites right now are SMR and WHC. I’ll be buying WHC on Monday.
To think that solar power can get the market share of coal any time soon is pie in the sky.
All you have to look at is electricity prices in Germany, a prime example of a nation that has pivoted largely into renewable sources. It goes against the false premise that “solar power is now cheaper than any other fossil fuel”. At the same time Germany’s emissions haven’t been declining either.
Anyone buying into coal starting Monday will be happy to have done so, against all the activists that have no idea on the role of fossil fuels for the next few decades.
With the current bulletin unfolding for natural gas prices, coal will still have a role to play for quite some time.
