GNE - Genesis Energy

[percy]

Is Jenny up for Re-election in October at the AGM?

Hope so.!!!!!

[Beagle]

Quarterly report is out on the NZX site. Looks pretty good to me. Significantly increased wholesale prices, customers steady, LPG up. Recent signs of potentially substantial life extension at Kupe auger well for the company.

[bull....]

looks good, oil sales well up and with a large proportion hedged at $99 a barrel for current 12mths should make some good dough

[Beagle]

I added more this morning. Fundamental thesis is with ultra low interest rates, and a pending significant upgrade to Kupe reserves I see this company being able to pay its extremely high fully imputed dividend yield, (about 10% gross) for perhaps as long as 20 years or even more !!! ( Note current broker DCF models have Kupe ceasing to be cash flow positive in 2027) I think that given the testing referred to recently in this thread that cease date is WAY too pessimistic.

[Bobdn]

Hmmm, would have been good to see it adding customers

[bung5]

Hmmm, would have been good to see it adding customers

I'm of the understanding the flow of customers leaving has turned around of late.

[Bobdn]

I'm of the understanding the flow of customers leaving has turned around of late.

Customers are down compared to this time last year, see first line of report. I'm not really seeing a turn around in this. Not sure why the report has been seen so positively.

[fish]

Customers are down compared to this time last year, see first line of report. I'm not really seeing a turn around in this. Not sure why the report has been seen so positively.

Its not tiny fluctuations in customer numbers that are important.
What really matters is how much electricity they generate and what price they sell.
Have a look at the current electricity demand,hydro storage and inflows,and the current price-its hot ie prices are now in the red zone on wits free to air.
Genesis will currently be creaming profits.
I would imagine they are going through a lot of coal and gas at huntly and making mega profits.

[Snow Leopard]

Its not tiny fluctuations in customer numbers that are important.
What really matters is how much electricity they generate and what price they sell.
Have a look at the current electricity demand,hydro storage and inflows,and the current price-its hot ie prices are now in the red zone on wits free to air.
Genesis will currently be creaming profits.
I would imagine they are going through a lot of coal and gas at huntly and making mega profits.

What REALLY matters is the price you sell something for LESS the total cost of supplying it.

So just to ask a (difficult) simple question: How much of what Genesis sell is at a price related to the spot price of electricity?

Best Wishes
Paper Tiger

[Bobdn]

Its not tiny fluctuations in customer numbers that are important.
What really matters is how much electricity they generate and what price they sell.
Have a look at the current electricity demand,hydro storage and inflows,and the current price-its hot ie prices are now in the red zone on wits free to air.
Genesis will currently be creaming profits.
I would imagine they are going through a lot of coal and gas at huntly and making mega profits.

Ok, I'll keep the faith.