WHC has traded sideways through 2023, albeit in a reasonably volatile manner; not a great result, but the stock has paid out 74c in fully franked dividends. We continue to like coal stocks over the coming years, believing markets underestimating how long the world will need fossil fuels before achieving the full clean energy transition.
- At this stage, we will only consider increasing our 4% position below $5.50 – recent comments by MM on WHC.
MM is long and cautiously bullish on WHC
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