Yesterday saw WHC dip under $7 for the first time since August 2022 as it raced the underlying fossil fuel to the proverbial bottom, neither has enjoyed the recent lacklustre growth forecasts out of Beijing, nor the more mild winter in Europe.
- We believe WHC’s average price through the remainder of 2023 will be significantly above $7 while the stock yields ~10% fully franked.
MM remains bullish and long WHC
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