MEL - Meridian Energy

[IAK]

"Low snow-pack levels will affect Meridian Energy's ability to create power"

http://www.nzherald.co.nz/business/n...ectid=11961071

[warren]

Craigs picks for 2018 include "Meridian Energy with its wonderful assets and returning 8.8% "

This must be the most gorgeous share on earth as we go electric cars and electric everything.
$10 a share is inescapable ---- just watch.
Warren B.

[couta1]

Craigs picks for 2018 include "Meridian Energy with its wonderful assets and returning 8.8% "

This must be the most gorgeous share on earth as we go electric cars and electric everything.
$10 a share is inescapable ---- just watch.
Warren B.

HaHa, that's got to be the most bullish target this decade. PS-I like the company but my target is a rather bearish $3.15 by comparison.

[Marilyn Munroe]

A market changing event just occurred.

Go to Meridian's web site and the graph for Lake Te Anau. The lake level trace shows an unexpected event.

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

Hopefully it is just the gauge on the blink.

Boop boop de do
Marilyn

[blackcap]

A market changing event just occurred.

Go to Meridian's web site and the graph for Lake Te Anau. The lake level trace shows an unexpected event.

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

Hopefully it is just the gauge on the blink.

Boop boop de do
Marilyn

I saw that this morning and thought WTF, who has emptied the lake? Probably have to be a gauge on the blink otherwise we have an unprecedented event on our hands

[boysy]

rain clearly having fallen in the right places in the past month or so - how hard will meridian run in the 2H to make up for lower generation in 1H is the question - Currently sending 800 MW north HVDC

https://www.meridianenergy.co.nz/abo...ns/lake-levels - Lake Pukaki up about 3m in the past month or so

https://www.transpower.co.nz/system-...ro-risk-curves -

'As at 4 March, New Zealand storage and South Island controlled storage is above average for the time of the year. The risk meter for the New Zealand and the South Island is set to Normal.'

[percy]

My divie is in my bank already.
Thanks MEL.

[boysy]

Indeed - and rain continues to fall in the right spots

http://www.metservice.com/maps-radar...ainfall-7-days

From the latest monthly report it looks as though Meridian are running hard to make up for the 1H generation shortfall. This is seen with the volume of power heading north on the HVDC (during Feb power was heading from north to south on the HVDC).

http://www.em6live.co.nz/PlanningReg...ningregion=lni

[IAK]

Good news for Meridian and Southland. Looks like Tiwai Smelter is going to be around for a while yet. NZ Aluminium smelters restarts moth balled potline, signals 32 new jobs. http://www.sharechat.co.nz/article/0...-new-jobs.html

Interesting take on climate change with aluminium produced in New Zealand using mainly renewable energy, displacing production of aluminium using fossil fuel alternatives overseas.


Disc. long term holder

[sb9]

Good news for Meridian and Southland. Looks like Tiwai Smelter is going to be around for a while yet. NZ Aluminium smelters restarts moth balled potline, signals 32 new jobs. http://www.sharechat.co.nz/article/0...-new-jobs.html

Interesting take on climate change with aluminium produced in New Zealand using mainly renewable energy, displacing production of aluminium using fossil fuel alternatives overseas.


Disc. long term holder

Yeah, good news for the whole industry in general.

Disc - holding since IPO