WHC transformed itself last year to primarily a coking coal miner when it acquired Daunia and Blackwater, although the purchase curtailed WHC’s tremendous dividend stream from previous years. WHC and BTU are on the same page in their pursuit of scale with a skew towards steel making which is critical in the global energy transition. While we remain positive on thermal coal in the short to medium term as energy demand intensifies, we fully support the longer term rationale of these companies increasing their exposure towards steelmaking.
- We continue to look for WHC to test $9 in the next 12-months. MM is long WHC in our Active Growth Portfolio.
MM is long and bullish WHC
Add To Hit List
