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1/20/22 10:05AM
coking coal futures near record highs
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/011422-coking-coal-futures-hit-record-high-as-prompt-contract-sees-contango
rosie, does this make you more constructive on management's decision to take price risk by not contracting more of their met coal?
thanks
Re: Re: Re: Re: Re: Re: Re: Re: Re: Rosie…Anything worth noting on the Q?
16
MrTwister, point taken that it is not a certainty. I'd also argue that you aren't paying for it, so it's not priced in, either.
On iron ore, I think the relevant facts are as follows: what... login to read the rest
Re: Re: Re: Re: Re: Re: Re: Re: Rosie…Anything worth noting on the Q?
15
It's not a certainty. It's a bet on a continously strong met coal market. But I would be happy to see them generating their stock price in FCF during the next year and a half.
Check... login to read the rest
Re: Re: Re: Re: Re: Re: Re: Rosie…Anything worth noting on the Q?
14
MrTwister, I'll take the other side of this. We are on the Value Investors Club forum, after all. From the original post:
"Even then, I project ~$75 / share of FCF in the next 6 quarters... login to read the rest
Re: Re: Re: Re: Re: Re: Rosie…Anything worth noting on the Q?
12
After following whole steel supply chain sector (met, iron ore, bf/eaf producers) for a while it seems to me the only way to play these is to buy when it bottoms and sell when you... login to read the rest
Re: Re: Re: Re: Rosie…Anything worth noting on the Q?
7
Thanks for the answer and the idea. Was a good set-up.
Any idea what's next? Do you have any target you are aiming or you happy to hold in any environment?
Prices are sky-high and seems like... login to read the rest
On your 6) 2 vessels were shifted from 3Q into 4Q
7) For thermal, they said price increase of $3.5 translates into $1 increase in sales-sensitive cost, whatever that means. Perhaps similar logic for metcoal?
I'd be curious to hear your thoughts on the quarter, too. Especially on 1) strong thermal contracting for 2022 and 2) the lack of met contracting for 2022. thank you.
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