Will Coal make a comeback?As it's being proven time and time again, "Green" energy and ESG is scalping people. As winter approaches people will need to stay warm. Wind/Solar will never suffice. New drilling permits are being shunned and there will not just be "free" energy floating around. Families have needs
Is it time to long Coal?
DJUSCL trade ideas
Coal is Non Consensus, ContrarianContrary to opinion of virtue signalers, lots of coal is required for the production of electricity, solar panels, and electric vehicles. Coal didn't go away, we just outsourced it to China, which consumes 50% of the world's coal.
This is just a simple mean-reversion play. It's one of the few commodities still near their 2020 crash lows and has healthy upside in this global macro Quad 2 (global growth and inflation accelerating simultaneously).
Ways to express this trade via equities include HCC BTU ARLP NRP ARCH HRNG SXC METC CEIX
Not investment advice. DYODD.