Does MM still like Whitehaven Coal (WHC)?
With continuing softness of energy demand and prices WHC is dropping close to $7 Would MM buy hold or sell ?
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Answer
Hi John,
We’ve mentioned WHC a few times this week including a brief re-visit in the Thursday morning report. If you visit the Whitehaven (WHC) page on the website here you’ll be able to always instantly see our viewpoint towards a stock.
We remain long and bullish WHC and if we had no position we would be accumulating into current weakness in the $7 region. As we said on Thursday:
- We believe WHC’s average price through the remainder of 2023 will be significantly above $7 while the stock yields ~10% fully franked.
