TTF Update
August 23, 2023
Last week, the ongoing uncertainty surrounding the potential of a strike at Australia’s LNG export terminals had the effect
Category: Updates
Initiating Coverage of Thungela Resources
August 22, 2023
I am initiating coverage of Thungela Resources (ticker: TGA.LN) on 8/22/2023 with…
Thoughts on Thungela Resources
August 21, 2023
Herewith some thoughts on Thungela Resources (Ticker TGA.LN), the South African thermal coal exporter which just announced interim earnings.
Downgrading Corsa Coal
August 16, 2023
I initiated the Strong Buy assessment on July 14, it’s currently trading at CAD$0.73 per share – which is an implied gain of 59%
US Met Coal Margin Comparisons
August 16, 2023
US metallurgical producers comparison of costs and profit margins to get a sense of their inherent competitive advantages.
US Coal Outlook
August 15, 2023
July’s high summer temperatures and heatwaves in many parts of the country led to increased thermal coal burn.
Thoughts on US Steel & Cleveland Cliffs News
August 14, 2023
The news dropped Sunday night that Cleveland Cliffs (CLF) has offered a cash and stock bid worth $7.3B for US Steel (X).
Corsa Coal Wins Damages from PennDOT
August 14, 2023
After accounting for contingent legal fees, Corsa anticipates receiving net proceeds of $23.3 million from PennDot.
Warrior Debt Tender Offer – Quick Thoughts
August 9, 2023
After the close today, Warrior Met announced a tender offer for its 7.875% senior secure notes due in 2028:
Jittery LNG & Natural Gas Markets
August 9, 2023
European natural gas prices experienced the largest jump since March of the previous year due to concerns over potential supply disruptions.
Alpha vs Warrior (& AMR’s outlook)
August 8, 2023
The market had a positive reaction to Alpha’s earnings, up 8% on the day in sharp contract to Warrior’s earnings reaction, which was down 11%.