We own WHC in our Flagship Growth Portfolio and highly correlated New Hope (NHC) in our Active Income Portfolio hence calling a holding a “dog” may sound incongruous to both our portfolios and way of thinking but we cannot shirk away from the facts, even after yesterday’s +4.3% WHC sits down -19.6% year to date. However we remain comfortable with our view that the transition to a greener world will unfortunately take longer, cost more and be harder to implement than many think and say, all of which is bullish for the coal sector in the shorter term.
- We remain bullish towards fossil fuels over the coming years.
MM is long and bullish WHC
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