Peabody Energy: Add Some Coal To Your Stocking For 2024

An Update On Peabody & Why I Think Shares Could Catch Up To The Rest Of The Sector

Last week I wrote a post about the coal sector and explained some of the parallels between coal today and the tobacco sector two decades ago. I wanted to follow up with an update on Peabody Energy, one of my larger holdings. There are a couple new developments since the most recent quarterly report, and while the stock has lagged others in the coal sector, I think the setup for investors is compelling looking forward into 2024.

Before I jump into Peabody, one thing that I saw that could have an impact on broader coal markets is the cyclone heading towards Queensland (the northeastern coast of Australia), which is home to many important coal exporting ports. It’s worth watching over the next couple weeks to see what happens, and how it might impact coal markets, but now I want to talk about Peabody.