Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hey Guys, I’d love to hear your thoughts on coal as well as oil & gas. It looks like you’re still holding a few companies in these commodities and thinking that the energy transition will take longer than expected but they’ve also taken a big hit in the past week or two.
Hi Brett,
We do still believe that the energy transition will take much longer than many people hope &/or think but its been an extremely volatile space over the last few years, as has some of the ESG sectors like lithium.
However, we did cut our Woodside (WDS) position last week believing the next ~10% move is down, i.e.it couldn’t rally with oil on the outbreak of war between Israel and Hamas. We will reconsider the oil & gas producer back around $30.
As for coal, we decided to run this exposure but its not one for the faint hearted with 5-10% intra-week swings common place. We may increase our exposure into weakness, however we are not inclined to chace strength.
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