MEL - Meridian Energy

[horus1]

Have a look overseas ,massive disruption. Read what Shell said about DG and the electricity Industry. It is called head in the sand and technological disruption. The listed generators are paying too high dividends, as well prices for energy are to high except for Tiwai. . I wont buy any.

[Marilyn Munroe]

The Benmore spillway is operating.

Usually at this time of year generators are trying to retain every drop for winter peak demand and low inflows until the spring thaw.

Won't someone think of the shareholders and the dividends flushed away.

Boop boop de do
Marilyn

[boysy]

Hydro catchments all but full across meridians portfolio - I suspect it’s not just the benmore spillway which is currently operating as per lake level report below.

https://www.meridianenergy.co.nz/who...s/lake-levels/

[Beagle]

My goodness that's a LOT of water for this time of year...shareholders appear to be well positioned.

[Tomtom]

OCR tail wind?

[boysy]

Test that bond proxy theory tomorrow .....

[boysy]

tested and closed higher though quite the trading range during the day - hydrology looks very good for this time of the year - look at lake pukaki 100% full and almost 3 meters above the 5 year average for this time of the year .... while Manapouri and Te Anau are also 100% full though this is usually the case this time of year. All in all you would expect MEL to be best placed to run hard heading into winter particularly with elevated wholesale prices and being naturally long generation compared to the retail arm ....

https://www.energylink.co.nz/sites/d...20190502_0.pdf

https://www.meridianenergy.co.nz/who...ns/lake-levels
https://www.meridianenergy.co.nz/who...ns/lake-levels

[RTM]

Test that bond proxy theory tomorrow .....

Have a look what happened with CEN today !

[boysy]

CEN playing a bit of catch up i suspect ....

[Beagle]

Bond proxy thing seemed to work fine today except for GNE, their turn tomorrow ?