Thoughts?.
Theres delta between NEWC and other specs. Newc is more expensive relative, however, the gap has closed of recent weeks. Gas is reacting to lack of nord stream supply after NATO/Americans blew it up. Gas supply will be constrained due to inherent lack of infrastructure storage to replace pipeline flow. The only realistic option to replace pipeline stability is nuclear or coal. Hence we should see a slow up tick in coal prices over the next few months as EU governments realise the need to rebuild stockpiles which have been sold on to India. Once shoulder season ends, there will be further upside pressure and if the gas flow isn't ready, there will be panic buying of coal in october/November.
.
Im getting set now. I can't see much downside until next shoulder season starting around march/April.
(20min delay)