What happened on last night's Space? Let's find out.
https://twitter.com/nyetjgoldblum/status/1615854086066167809
00:02:30 Power-napping and awakening to a Blueberry River First Nations agreement, allowing Canadian companies to produce in native lands. @jleqc and @jim_duffus join.
00:08:00 Jim and Jleqc were trading NG recently and discuss the challenges in doing so. After a great morning, the day ended poorly. Jleqc channels @Seawolfcap and @YellowLabLife.
00:14:30 @RealPeterLinder joins and discusses the story of his suspension; his triumphant return; his position on the price of oil (going up); and a certain #COM stock. Is the Blueberry agreement good or bad? @sohaibab9 asks about the API build.
00:25:00 @IlliniProgrammr discusses his short-term and mid-long term outlook. Short term sideways, but long-term positive. Peter and Illini riff.
00:42:00 Jleqc talks about the anti-gas stove movement. Duff notes the answer is definitely nuclear power. Obviously, buffalo dung is not.
01:00:00 New South Wales is short coal and is reaching out to Whitehaven and other producers to sell product domestically under a price-control regime. @OneMoreif tries to join ... but Twitter says no.
1:06:00 @mfwarder joins to talk the NSW coal issue, his epic trading and Australian rain's potential effects on coal names.
1:16:00 @pappi_sanchez joins and says the current storm is nothing like Cyclone Debbie, which shut down Aussie coal for two months. Matt talks ARCH vs. AMR right now.
1:20:00 Matt discusses Newcastle. We can't be upset if NEWC is above $200 at the end of 2023. ... Glencore seems to scratch the itch for coal, commodities such as copper, and even gold and silver. What does Matt think about the company?
1:25:00 Jleqc asks about base metals and precious metals. Matt identifies copper production issues in LATAM; talks tin; inflation and a number of other topics, and Illini adds some color. Matt is optimistic about Brazilian miners and steel.
1:45:00 The conversation pivots to oil and gas. The concern about North American NG remains in place. The Jleqc-DS pair trade: J kept SDE and sold OVV, DS kept OVV and sold SDE. Matt and J discuss NG trades.
1:56:00 @MiserMcMiserson discusses how low NG prices support plastics production. Miser identifies a Brazilian name he is tracking: Braskem ($BAK). Miser then switches to discussing refinery utilization and the products build.
2:06:30 @JamesHMackay asks about thermal coal pricing. The conversation switches to the names Matt likes to ride through the cycle. ARCH and BTU are discussed.
2:20:00 James and Matt discuss their trading styles, which is generally to trade on big up days, and leave the keyboard on panic down days.
2:27:00 @TwinTurboCe1ica discusses why he's more bullish on NEWC pricing than the average bear.
2:35:00 Twin: The analyst calls for plummeting prices haven't happened in 18 months. The export market is tight. There are no spare tons. It's a sellers' market now, and no one is talking about coal-storage levels.
2:43:00 Is $NHC's New Acland 3 in jeopardy!? Twin @TwinTurboCe1ica touches on this as a catalyst for NEWC pricing staying high.
2:51:30 "If the trade brings you pain, find out what has changed." Matt and DS discuss Matt's trading in and out of $PBR juxtaposed with Ecopetrol ($EC).
Matt gives a shout-out to @calvinfroedge and @ed_fin -- perhaps a precursor to a shipping Space?
3:08:00 Matt discusses the BTU surety bond issue. @MC_Mike411 should be satisfied by this answer.
Consol is another name discussed. $CEIX will perform akin to the API2 price. Does ARCH have NEWC-equivalent tons? The answer is surprising.
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