Good (if not for the environment) news on coal? Could be good for the Hunter in the coming few years
From the Eureka Report
Summary: Two of the world?s richest men have taken a $108 million stake in Whitehaven Coal in the last month in a deal that lifts their stake in the Australian coal miner to a collective 15%. Unlike most investors, they are acting on early signs of a recovery in the coal sector as oversupply issues start to resolve and demand from emerging economies heats up.
Key take-out: The first beneficial effects of the coal recovery will be felt in coal company share prices, which are likely to move up ahead of a recovery in the price of the underlying commodity.
Key beneficiaries: General investors. Category: Commodities.
From the Eureka Report
Summary: Two of the world?s richest men have taken a $108 million stake in Whitehaven Coal in the last month in a deal that lifts their stake in the Australian coal miner to a collective 15%. Unlike most investors, they are acting on early signs of a recovery in the coal sector as oversupply issues start to resolve and demand from emerging economies heats up.
Key take-out: The first beneficial effects of the coal recovery will be felt in coal company share prices, which are likely to move up ahead of a recovery in the price of the underlying commodity.
Key beneficiaries: General investors. Category: Commodities.