The performance of ASX thermal coal peers adjusted for divs since the BHP deal
Here is the performance of ASX thermal coal peers adjusted for divs since the BHP $BHP GROUP LTD(BHP.AU)$ deal. It is clear that recent weakness is a result of the underlying commodity prices
$New Hope(NHC.AU)$ $Yancoal Australia(YAL.AU)$ $WHITEHAVEN COAL LTD(WHC.AU)$ $Terracom(TER.AU)$
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For context comparing to it's direct peer & adjusted for divs, NHC is down ~15% since the tweet (5% more than WHC) & WHC is outperforming by ~20% since the deal. IMO this shows it's a result of NEWC. If anything, WHC appears to be holding up better due to the deal.
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https://twitter.com/LukeyTrags/status/1721699945118622113
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