Why isn’t Whitehaven coal higher?

Hi Kim,

We feel there’s a couple factors playing out here:

• The market doesn’t want to believe that coal will/can rally, we witnessed a similar scenario with iron ore names before they popped higher.
• WHC has rallied over 20% since mid-September, outperforming the coal price over the same period.
• Some investors may be still sulking that WHC bought BHP’s assets significantly reducing dividend potential in the near term, however, we think this is a good move that greatly enhances the longevity of the business by skewing it towards met coal.

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Whitehaven Coal Ltd (WHC)

LAST UPDATED 01/12/2023 13:09

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Whitehaven Coal Ltd (WHC)

LAST UPDATED 01/12/2023 13:09