MM remains bullish on the coal sector into weakness believing the coal price is due to consolidate in the $US200-250/MT region. With WHC and NHC trading valuations of 2.04x and 2.63x respectively we believe the sector is too pessimistic, pricing stocks for far cheaper coal prices.
- We are still looking to add to our WHC exposure into weakness under $8.
Enjoy the day!
The Market Matters Team