On a Q1 earnings call yesterday, Alliance Resource Partners, a coal mining company worth $2.8 billion that trades under the ticker ARLP on the Nasdaq, reported that it’s mining bitcoin and currently holding 425 BTC on its balance sheet. Nasdaq listed Alliance Resources $ARLP, a $2.8b coal mining company, is mining #bitcoin, and currently holds…
Chun han Use of coal in power generation fades. Cheap US natural gas has been hard to beat for 15 years. Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from the Energy…
Luke Sharrett/Getty Images News Over the last two months, most coal stocks have struggled. However, there is one company, Whitehaven Coal (OTCPK:WHITF) from Australia that has taken a beating. I think the shares are cheap and most of the weakness is due to their recent asset acquisition. Trading View In October 2023, WHITF acquired BHP’s…
Monty Rakusen By Andrew Prochnow Since hitting a low point in mid-December, crude oil prices have surged by approximately 15% over the past eight weeks, reaching a recent peak of around $78 per barrel. Throughout the last quarter of 2023, oil prices faced downward pressure amid worsening outlooks for the global economy. However, the recent…
Andrzej Rostek Introduction Although I mainly focus on dividend (growth) investing, I regularly cover other investment opportunities, including companies in areas of significant economic importance. After all, macroeconomic developments are a big part of my research. One of my favorite sectors to cover is energy, which includes coal. In the first coal-focused article this year,…
Nastco/iStock via Getty Images Introduction As we’re getting very close to Christmas, it’s time to use at least one Christmas-themed title. In this case, I want to discuss coal, something only naughty kids tend to find in their stockings. Although a few lumps of coal is certainly useless, given that a ton of coal currently…
Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. India is seeking to revive underground coal mining as it tries to boost production to meet the country’s fast-growing energy needs despite international pressure to phase down use of the polluting fossil fuel….
Ian Waldie/Getty Images News Management of BHP (NYSE:BHP)(OTCPK:BHPLF) is transforming the company through investments in copper and potash while gradually divesting from coal. The investments were described previously whereas this article focuses on the potential of divesting the coal business. As the current transformation requires increased capital expenditures against the backdrop of a market in…
philip_hens Introduction It’s time to talk about a company I’ve monitored for many years: Peabody Energy (NYSE:BTU), one of the largest coal companies in the world. Essentially, there are two reasons why I cover coal stocks. Companies like BTU are terrific trading tools, as they track the price of coal and can be used as…
Nordroden/iStock via Getty Images Despite operational challenges as a result of severe weather and inflationary costs, Whitehaven Coal (OTCPK:WHITF) experienced an exceptional FY23 with revenue increasing 23% followed by wider EBITDA margins of 66%. This came with exceptional tailwinds in pricing, in which Whitehaven realized an average price of A$445/t coal. As CY23 has progressed…
Nina Shatirishvili Introduction: In my prior articles on Whitehaven Coal (OTCPK:WHITF) (here (Jun ’23) and here (Dec ’22)), I rated the Company as a Buy due to its strong fundamentals and its strong but now-ceased share buyback program, while also noting a couple visible risks and the stock’s less-than-ideal technicals. Today, however, I am upgrading…
undefined undefined/iStock via Getty Images Investment Thesis Peabody Energy Corporation’s (NYSE:BTU) Q2 results delivered a very strong free cash flow (“FCF”) figure that allowed Peabody to repurchase just over 8% of its market cap during Q2. There are still some Asset Retirement Obligations (”ARO”) plus long-term debt obligations on Peabody’s balance sheet. But there’s also…