Met Stocks are Re-rating
April 16, 2024
This seasonal pullback in PLV Futures has not caused such a bad commensurate pullback in met coal stocks.
Tag: Alpha
Technical Analysis Update
April 5, 2024
Herewith the monthly technical analysis update along with some quick commentary on each coal producer.
Met Producer Comps
March 20, 2024
Now that we’ve seen another annual rug pull in metallurgical coal markets, I thought it appropriate to revise forecasts and valuation comps
Is Alpha Metallurgical Resources Inc (AMR) Stock Near the Top of the Coking Coal Industry?
March 15, 2024
Alpha Metallurgical Resources Inc (AMR) leads the Coking Coal industry with an overall score of 57. AMR is up 96.74% so far this year
Alpha Post-Earnings Thoughts
February 29, 2024
Alpha is the largest met producer in the US, and the dominant player in Central Appalachia.
Coal News & Price Data – February 9, 2024 – Weekly Met Market Summary
February 9, 2024
Chinese coking coal market sees quiet activity before the holiday, with PLV prices dropping below $315.00/t FOB.
Pre-Earnings Narratives & Review
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.
West Virginians Could Get Stuck Cleaning Up the Coal Industry’s Messes
January 31, 2024
The state’s program for reclaiming abandoned coal mines has long been plagued with problems, but state and federal officials have done little
2023 Q4 MSHA Production Review
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.
Coal Stocks On The Rise As Demand For Steel Soars In 2024
January 25, 2024
Coal still remains a vital part of our energy mix. In fact, a recent report by the IEA found global coal demand hit an all-time high in 2022
Updated Producer Comps
January 3, 2024
Met & Thermal Coal Producer Valuations along with a theoretical framework on how I think about valuing coal companies.
Updated Met Comps (EV/EBITDA & FCF Yield)
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.