Quick Status Update on Met Coal Stocks

Not a Fun Quarter, but Bottoming Process Has Begun

Having received a pile of comments in the chat about price levels that exceed Santa’s annual mail volume, I figured we had best put out a State of the Coal address before we get busy with earnings season, which frankly is just right around the corner.

Now keep in mind that although many appear to be decent values at this point, we are rapidly approaching off-peak seasonality from March-July where prices have consistently declined ~40%. So although per our soon-to-be-released (I swear) outlook we foresee a softer shoulder season this time around, that does not mean that equities will behave similarly.

As such, we just kind of want to lay out the current terrain here, and set some targets that we will track over the coming months.

We will address thermal and diversified producers in separate posts.