Two news announcements recently caught our attention. Both announcements provided further comfort in our minds with regard to our positive thesis regarding the outlook for the broader energy sector over the next few years. The recent news announcements we are referring to is firstly this announcement by Glencore Plc (GLNCY), the international commodity trading and diversified mining conglomerate, in which it indicated that it would cap its coal production going forward.
The second news item that caught our attention was the announcement made by Norway's sovereign wealth fund in which they outlined their decision to