Growing diversified coal company

Analyst Details
Company: Southern Cross Equities
Analyst: Fleur Grose

Summary

WEC has received an offer to acquire Cascade Coal which has two projects in NSW. This is consistent with WEC’s strategy of growing its own coal resource base and adding conventional coal mining assets, including the recent acquisition of SACL, alongside the upgrading business. Cascade and SACL have significant upside potential, and in recognition we have increased our price target to $5.40 (from $4.50).