MEL - Meridian Energy

[JSwan]

Incredibly overvalued, offshore passive fund buying? Ripe for hefty correction down the track

When Rio starts playing the Tiwai Smelter card again

[Swala]

Yes. Sold out of this completely yesterday, great gains over six months but can't see it going much higher and divi not that special now. Would probably buy back in if it drops 15 - 20%.

[JohnnyTheHorse]

I built a short position around $7.05 yesterday. I think this is overcooked and am expecting some daily consolidation back towards at least $6.50ish.

[Louloubell]

I sold half my holdings yesterday in anticipation of a correction. Will be interesting to see how low we go

[bull....]

Hydrogen plant for Southland in the future?

Meridian and Contact will spend $2 million on a feasibility study to investigate the potential of a large scale renewable hydrogen production plant in Southland

https://www.stuff.co.nz/business/123...-in-the-future

if built will speed up the closure of the high emission peak stations

[Traderx]

I built a short position around $7.05 yesterday. I think this is overcooked and am expecting some daily consolidation back towards at least $6.50ish.

Hi - which platform/broker can you short MEL on? Thanks

[bull....]

Day of reckoning for Meridian on Tuesday as Electricity Authority readies ruling

https://www.stuff.co.nz/business/123...readies-ruling

[JSwan]

Day of reckoning for Meridian on Tuesday as Electricity Authority readies ruling

https://www.stuff.co.nz/business/123...readies-ruling

market currently pricing in that the EA are going to give them money instead of charging them

[macduffy]

The Electricity Authority's ruling certainly hasn't hurt Meridian's SP today!

https://www.stuff.co.nz/business/300...authority-says

[Jantar]

The Electricity Authority's ruling certainly hasn't hurt Meridian's SP today!

https://www.stuff.co.nz/business/300...authority-says

Although the EA found that MEL had caused a UTS, MEL had not actually breached any of the code (rules). It is probable that Meridian will get a very small penalty, as a hefty penalty would certainly be appealed.

The EA will look probably look at a rule change. to ensure that unnecessary spill does not occur. But any wording of such a rule change will need to be a step back from saying that energy must be offered at an uneconomic price.