It's a more positive point and good to read in regards ATC. I guess there are two dynamics, a harder time for coal means only the fittest survive and if this can be ATC then potential, cheaper opportunities may exist. But of course like others it could lead to there demise. I would like to think after this period, the buying of new kit and increased hours that this is not the case, we shall see?
ATC has survived the toughest times (still extremely tough due coal price per tonne low and flat) and will come out the other end a lean mean outfit. Survived by cutting costs, improving efficiencies and going for high production to maintain revenues to keep head above water while others around sink. ANY price increase either a shock somewhere (russia or more oz floods) or gradual uplift with time will cause a big increase in revenue due to the already high production and hence sp. surprised no foreign takeover of atc yet whilst it is as cheap as chips..
Imagine a profit?
If atc can make a profit through improvements at these prices when others struggle? Could this lead to opportunities?
Gas gets cut off
Technology into gas and drilling is going to be targeted, the gas pipeline to china is believed to be running at break even. Russia is unable to supply it will have a glut of gas, however Germany will turn to others gas and coal as their backup. The comments in the times sounded very aggressive with tier III sanctions taking the banks and energy into account, followed by Cold War two increases in many aspects. It's an interesting dynamic, on the one hand Russia will have a glut but others limited amounts. They also don't think it will stop Putin, it will as always affect the poorer person and galvanise the country.
RE: Russian sanctions
I don't think Russia sanctions and Russia attacks will have any affect on anthracite prices but gas maybe only if Germany is cut off from Russian supply. Anthracite is a niche market.
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