Forget oil — coal is hot right now. Here are 2 stocks to play it, according to the pros
Coal prices are at record highs amid a looming global energy crisis, and market watchers believe prices still have further to go. The clean energy transition was expected to herald the demise of coal — the most pollutive of all fossil fuels. Instead, the price of thermal coal used for power generation has surged nearly threefold since the beginning of the year.
"Whitehaven could effectively buy back almost 10% of its company every month at the moment, given how much cash it's generating," O' Conner said. The company also pays good dividends. Whitehaven has a dividend yield of 7.4%, which is significantly higher than the industry average of 3.5%, according to FactSet data. To be sure, there may be limited short-term upside for the stock after a meteoric rise this year. Shares in the company hit a 52-week high of AU$8.
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