Whitehaven Coal (WHC) – take losses or be patient?
Hello guys, Similar to the assessment you prepared about RHC, I would appreciate your views on Coal and the investment in WHC. My investment thesis included: the Russian sections would favour Australian coal producers; a normalisation of labour conditions in Australia and less disruptions to the coal supply chain would see a decrease in operating costs; energy markets are still disrupted and next winter in the northern hemisphere is predicted to be colder due to the El Niño weather pattern moving in. I suppose all the above may mean nothing if recession fears are too strong. Is WHC a hold or a sell? Thanks, Angela
