Category: Updates

February 16, 2024

This cycle has been different for investors due to the extraordinary profit margins that existed for over a year.

February 12, 2024

Peabody Energy is one of the more difficult coal names to wrap your arms around in terms of their segments and coal assets around the world

February 7, 2024

Since sending out the alert yesterday, I’ve gone through the earnings call transcript and tinkered with the numbers a bit more.

February 6, 2024

As the earnings call is just getting started, I just wanted to share I high conviction thought with you:

February 5, 2024

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.

February 2, 2024

The primary risk for Alliance continues to be the coming demand destruction in power generation markets in the US.

January 28, 2024

The BMA acquisition is expected to be completed on April 2, 2024. I continue to believe this acquisition will prove to be a transformational

January 26, 2024

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.

January 21, 2024

Now that I’m back from vacation, it’s time for some equity upgrades. Last week turned out NOT to be a quiet week in the coal sector.

January 10, 2024

This northern hemisphere winter has been mild overall, and most of 2024 could be wrecked by high inventories, leading to subdued demand

January 9, 2024

Met prices are driven primarily by China, then marginally by other regional demand sources, so let’s start there

December 20, 2023

Benchmark PLV prices have been recently consolidating above $300/mt. Cyclone Jasper caused a price spike to $335 early in its development