Pressure Grows For Coal Producers
While oil was in the hot seat in March-April, coal is now in focus, reeling from a slump in demand as prices fall to multi-year lows. What is a reasonable short-term floor?
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News
Material Matters: Indonesia, Australia & Zinc
A glance through the latest expert views and predictions about commodities. Indonesia; Australia; and zinc.
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Is There Value In Unloved Coal Stocks?
In adversity lies opportunity and some deep-pocketed investors have recognised that, like the Stone Age, the era of coal won’t end overnight.
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Weak Thermal Coal Prices Weigh On Whitehaven
NSW steaming coal miner and exporter, Whitehaven has slashed it's interim dividend, triggering a sell-off in the shares to levels not seen since 2016 after reporting a very weak interim result.
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Whitehaven Hit By Higher Costs As Production Falters
Shares in NSW coal miner, Whitehaven Coal were punished yesterday after it cut its coal production outlook for 2019-20 and raised its cost forecasts,
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Analyst Views
WHC – Morgan Stanley rates the stock as Overweight
Morgan Stanley considers the regional skills shortage at Maules Creek is of concern as contract labour costs could affect costs into FY21.
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WHC – UBS rates the stock as Buy
By FY27 Whitehaven Coal expects to be producing more than 35mtpa of saleable coal through the Vickery and Winchester South projects. Currently production is 20-21mt.
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WHC – Morgans rates the stock as Add
Whitehaven Coal's June Q production beat the broker by 4%, suggesting operational issues appear to be under control, although some sales have shifted in FY20.
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WHC – Deutsche Bank rates the stock as Buy
With the prospect of Adani's Carmichael mine being approved in Queensland, Deutsche Bank believes the market should now be paying for Whitehaven Coal's growth.
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WHC – Deutsche Bank rates the stock as Buy
Deutsche Bank does not believe that there are any major stumbling blocks to the approval of the Vickery expansion project.
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