The Coal Trader

Category: HCC

Coal Markets Coal News Kinder Morgan Coal Terminal

Met Producer Comps

Now that we’ve seen another annual rug pull in metallurgical coal markets, I thought it appropriate to revise forecasts and valuation comps

Warrior Post-Earnings Thoughts

Warrior has the arguably the best met assets in the USA. They have the lowest cost per ton and the most favorable (cheapest) transportation

Coal Mining Coal Markets Longwall Mine Foresight

Pre-Earnings Narratives & Review

Earnings is tough to trade. It’s like betting against the spread in NFL or NCAA Football games, and Vegas is very smart and typically spot on.

Coal Markets Coal News, Barged Coal

2023 Q4 MSHA Production Review

Let’s start with the big overall trend, and for that we need to think in terms of thermal coal, generally when discussing US coal production.

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Updated Producer Comps

Met & Thermal Coal Producer Valuations along with a theoretical framework on how I think about valuing coal companies.