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The Bottom Line

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

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