i think coal has more of a future than you credit- both met and thermal. coal power plants are having their lives extended, and although electric arc furnaces can work with scrap, iron ore requires met coal except for some novel/experimental methods which are being developed. one way to play coal and oil and gas is arlp - produces coal, pays 10% and uses the rest of its fcf to buy oil/gas royalty properties. sends a k-1.
another interesting company is nrp. it pays a low dividend but has been paying down debt aggressively and is almost at the finish line in that process. management has said they will then switch to paying sig dividends and/or stock buybacks.
Perhaps it didn't come through - commodity non-grata isn't my view, its that of the powers that be and the company itself. I wouldn't sell off the main revenue source just for ESG eligibility for index inclusion, but I'm not the CEO of Ecora and hence the investment should be viewed through their lens.
Must be one of the companies with the most exposure to cobalt, if you want to treat the elements like pokemon and catch em all.
Yeah it's certainly an interesting diverse play on those metals. If I feel like allocating to that group this would probably be the way I'd do it.
i think coal has more of a future than you credit- both met and thermal. coal power plants are having their lives extended, and although electric arc furnaces can work with scrap, iron ore requires met coal except for some novel/experimental methods which are being developed. one way to play coal and oil and gas is arlp - produces coal, pays 10% and uses the rest of its fcf to buy oil/gas royalty properties. sends a k-1.
another interesting company is nrp. it pays a low dividend but has been paying down debt aggressively and is almost at the finish line in that process. management has said they will then switch to paying sig dividends and/or stock buybacks.
nrp also issues a k-1
I own. I like it.
Perhaps it didn't come through - commodity non-grata isn't my view, its that of the powers that be and the company itself. I wouldn't sell off the main revenue source just for ESG eligibility for index inclusion, but I'm not the CEO of Ecora and hence the investment should be viewed through their lens.