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1ronnie

22,823 Posts.

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23/08/22

15:41

Post #: 63274339
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Originally posted by PaddyMac33 ↑

"This underscores the same thing we see with coal stocks, short term supply squeeze but longer term challenges ...the world (except CIA - China, India and Australia) sees coal as a thing of the past."

In hindsight, this was a very bad assumption to make @1ronnie. As you know Coal prices have risen to 420 USD, countries have reverted back to coal as their primary source of energy. Yes you can blame it on Russian Invasion, but that would be short-sighted. Anyway WHC $2.55 (Nov 5th 2021) to $7.75 (Aug 23 2022) is a 3x. Not bad for less than 300 days, and it's still going up. Probably $10 by mid September.

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Yes, Paddymac, you're right, I was wrong, I concede.

Done. Whatever. Move On.
2 Upvote

0 Great analysis

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