...while BHP divested oil and divesting coal, Whitehaven is doubling down on coal.
...no buybacks and absence of instos buying, means stock holders would be locked into a longer term hold. Whitehaven suspends buyback
Peter Ker
Coal miner Whitehaven has “temporarily” suspended its share buyback program as it considers “growth opportunities”, in another clear signal that it hopes to spend billions buying BHP’s Daunia and Blackwater coking coal mines.
Whitehaven posted a record full-year profit of $2.66 billion on the back of record high prices for thermal coal, particularly during December 2022.
