GNE - Genesis Energy

[Beagle]

Yep 20,2 and its now at $2.21, I just extrapolated off yesterdays close

You've done alright out of these puppies, looks good. Ultra low interest rates for the foreseeable future = very happy GNE dividend hounds

[couta1]

You've done alright out of these puppies, looks good. Ultra low interest rates for the foreseeable future = very happy GNE dividend hounds

That deserves a Woof Woof

[bull....]

2.20 looks like resistance in the rising triangle, a breakout should lead to 2.40?

[Bobdn]

Roger mentioned that an analyst predicted a $2.45 price I think. Hope so.

I bought in at 2.16, topped up in a dip at 2.04. Have way to much GNE.

[Beagle]

Roger mentioned that an analyst predicted a $2.45 price I think. Hope so.

I bought in at 2.16, topped up in a dip at 2.04. Have way to much GNE.

Yep, long term Govt stock rates are at record lows and with little prospect of them increasing in the foreseeable future brokers appear to be starting to rework their discounted cash flow models using significantly lower risk free rates which is having quite an effect on their valuations. That broker went from $2.05 to $2.45 using the new models factoring in recent increases in real electricity demand and some aspects of increased wholesale pricing.
Went on to say that lower risk free rate of 4.4%, (ironically a rate that makes using Benjamin Graham's valuation formula very easy) will have a positive impact on all their valuation's.
Companies reporting strong first half results in February are in for very positive valuation increases.

[percy]

2.20 looks like resistance in the rising triangle, a breakout should lead to 2.40?

We are on our way!!! But I think this train will go past the $2.40 station,,...Toot Toot.!

[dingoNZ]

My top pick of the power co's is GNE, set it as having the most upside and by far the most room to trim costs going forward

[Beagle]

We could put forward the motion of getting rid of Jenny at the first ASM, that would remove some unnecessary costs

[Bobdn]

Thanks for the info roger, interesting.

[Poet]

This will be helping the share price (not sure why GEN hasn't released this themselves)
https://www.nzx.com/companies/NZO/announcements/260058