UPDATES
Premium Articles
Coal company deep dives, quarterly outlooks, production updates, earnings analysis, and more.
Premium Articles
Alliance Post-Earnings Thoughts
The primary risk for Alliance continues to be the coming demand destruction in power generation markets in the US.
Peabody vs Whitehaven
The BMA acquisition is expected to be completed on April 2, 2024. I continue to believe this acquisition will prove to be a transformational
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.
Time for some Upgrades
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.
Thermal Market Thoughts
This northern hemisphere winter has been mild overall, and most of 2024 could be wrecked by high inventories, leading to subdued demand
Met Market Thoughts
Met prices are driven primarily by China, then marginally by other regional demand sources, so let’s start there
Coal Market Thoughts to End the Year
Benchmark PLV prices have been recently consolidating above $300/mt. Cyclone Jasper caused a price spike to $335 early in its development
Developing Thesis for 2024
I’m developing a new macro perspective on the global economy that deglobalization is wrong or basically irrelevant
Downgrading Thermal
I’m going to kick this off by reiterating my avoidance call on all thermal coal, that is US domestic and seaborne thermal.
Categories
- All Updates
- Metallurgical Coal
- Thermal Coal
- Steel Markets
- LNG Markets
- Earnings
- MSHA
- Alpha Metallurgical Resources
- Alliance Resource Partners
- Arch Resources
- CONSOL Energy
- Corsa Coal
- Glencore
- Morien Resource
- Peabody Energy
- Ramaco Resources
- Teck Resources
- Thungela Resources
- Warrior Met Coal
- Whitehaven
- Yancoal