Yes, my basis drops to <$1.50 when I count the last divi.
Looks like the coal futures have begun to switch from backwardation to contango (front month is black). I read somewhere that on the way down that would be a bullish sign, any idea whether the same is true on the way up, anyone? Pretty sure NHC will be happy to stockpile some at port to service those later months.
NHC Price at posting:
$3.90 Sentiment: Hold Disclosure: Held
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