Target $18.72, page-10040

The major oil & gas companies in the EU, UK, & USA are increasing their investments in LNG, as they "see demand for natural gas growing in the "medium to long term" (maybe up to 20-30 years?) ie highly profitable for them.
Conversely, they also state they will reduce their investments in their renewable energy projects, as many of these these incur significant losses; & their other renewable projects have "poor returns".

This has indirect relevance for WHC. Thermal coal is "superior" to LNG, as it, for most countries, is able to provide cheaper, reliable, baseload power (though some countries in the EU & USA will opt for the more expensive LNG).
The financial losses being experienced by many renewable power providers (& their inability to guarantee baseload power) bodes well for thermal coal use, for many years...thus ensuring excellent profits for WHC.

oilprice.com I. Slab 6.8.24 said

• ". Supermajors are scaling back renewables projects and investments due to poor returns compared to LNG.
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• . Big Oil prioritizes growing its LNG business, seeing strong demand for natural gas in the medium to long term.
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• . Renewables commitments falter as European oil and gas firms focus on energy security amid the energy crisis and skyrocketing prices...
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The supermajors continue to bet on LNG while scaling back renewables projects and investments as oil and gas returns continue to trump the poor profits from renewables.

The world’s top international oil andnatural gasfirms are sanctioning new LNG projects and buying stakes in new developments as they see demand for natural gas growing in the medium to long term.

Bound by the pledges to return more cash to shareholders, Big Oil is betting on growing its much more lucrative LNG business than on wind, solar, or biofuels, where returns have been poor for years and haven’t really taken off despite soaring global capacity additions.

In recent years, LNG trading has reaped a lot of profits for the European majors, while nearly all of them have had to take impairment hits on renewables projects in Europe and the U.S".