Idea: Potential Relationships in Coal

Quick observation on Aussie Coal

png A look at two of the majority-Australian owned Coal miners/exporters out here in the Australian east coast: Whitehaven Coal & New Hope Corp.

Thoughts

  • These two companies are similar in that both are export-oriented
  • The equity time series for the two companies are potentially related (see chart above)
  • The stock prices track the Newcastle price (AUD/mT) png

Sources