WHC have said their realised prices lag the market - so when market is trending up, their prices will be lower, and vice versa. Therefore your statement "realised prices tracks relatively closely to the chart" is wrong. You need to introduce a lag into the chart
In addition, WHC achieved a premium to the average NEWC price esp last qtr. You need to build this into your chart to.
WHC also sells some of their book foward - so the foward price is not "irrelevant", even in the june qtr
As i said the next months price is much more relevant esp given the volume traded compared to the June month
WHC Price at posting:
$5.87 Sentiment: Buy Disclosure: Held
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