We're long (and wrong) Whitehaven Coal

James Gerrish

Market Matters

I hate losing money, as most do, however being prepared to put capital on the line, to take a risk, and at times come out on the wrong side is the reality of investing. At Market Matters, we invest in the portfolios we publish, we write about what and why and we do things and we address (rather than bury) our losers.

Whitehaven Coal (WHC) is a current loser, having bought at $1.78. 

Yesterday I caught up with Peter O'Connor, Shaw and Partners Resource Analyst to talk about what's gone wrong and the outlook from here.

We are bullish WHC and looking for an area to increase our exposure

We feel the elastic band between the coal price and WHC has stretched too far. But one “buy” catalyst would be a few bad days for coal, which WHC basically shrugged off. It would be a great indicator that the short-term selling had washed through.

Whitehaven Coal (WHC) versus Coal Prices


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1 stock mentioned

Portfolio Manager
Market Matters

James is Portfolio Manager & Primary Author at Market Matters, a daily investment report with over 2500 subscribers that offers real market insight. He is also Senior Portfolio Manager within Shaw and Partners heading up a team that manages...

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