Category: Updates

December 14, 2023

I’m developing a new macro perspective on the global economy that deglobalization is wrong or basically irrelevant

December 12, 2023

I’m going to kick this off by reiterating my avoidance call on all thermal coal, that is US domestic and seaborne thermal.

December 7, 2023

In light of the Ramaco 2024 Guidance Update, I updated my metallurgical coal price deck and valuations for each of the US met producers.

December 5, 2023

Cold weather finally hit Europe over the last couple of weeks. This is a decent start to winter, but thermal markets have a lot of work to do.

December 1, 2023

I’ve been trying to figure out how serious this Shanxi “safety overhaul” is in China over the past couple of days

November 30, 2023

The S&P 500 is in a short-term overbought state as indicated by the overbought signal on Friday, Nov. 17, 2023

November 27, 2023

The Good, The Bad, and The Ugly

November 18, 2023

Herewith a review of some coal charts…

November 14, 2023

I spent some time updating metallurgical producer financial models today, so this will be a chart heavy post.

November 14, 2023

Glencore has acquired a 77% stake in Teck Resources’ EVR for $6.93 billion.

November 3, 2023

Alpha reported net income of $6.65 per share, surpassing analysts’ estimates but that’s mainly due to the buybacks making less shares.

November 1, 2023

Earnings schedule: Warrior earnings later today following the market close at 4:30 pm ET. Alpha earnings tomorrow morning, before the bell.