MEL - Meridian Energy

[bull....]

went to the agm, good stuff glad to see there presentation and thoughts on future tech, getting close to breaking out of the consolidation.

[Onion]

Was there something significant in Meridian's monthly operating report to spark a 3% lift in SP today? Any other reason that anyone can shed light on?

[xafalcon]

All generators incl MEL have been sold off over the past few days for no apparent reason (except CEN). Today all the generators are up. Probably just pre-Christmas book balancing

[mouse]

Problems in China. A price war with oil. Saudi leading that war. Zero interest rates for ordinary bank depositors in UK for example.
Query, what is the influence on the SP of our generator stocks? All ideas welcome. Sell? Hold? Buy?

[Hoop]

Some TA sell signals appearing as they always do when a stock is testing its support boundaries..Chartwise MEL is holding up OK at this moment considering the global equity storm..
However MEL hasn't much more room to work with..dropping below $2.25 would probably sound off the air raid sirens.
At time of posting MEL is $2.28 down 1.5c

EDIT: ...Disc I have no shares in MEL..

[horus1]

Great graph , thanks

[xafalcon]

Problems in China. A price war with oil. Saudi leading that war. Zero interest rates for ordinary bank depositors in UK for example.
Query, what is the influence on the SP of our generator stocks? All ideas welcome. Sell? Hold? Buy?

My thoughts (definitely not any sort of a recommendation)

NZ generators SP will initially get caught in the current market sell-sell-sell sheep-mentality and be sold down, but less than most other stocks. Then the SP will rise as people remember they are very high yielding defensive stocks with captive markets, partial government ownership and tangible assets.

The timeframe for this to play out is more hazy to me, which makes buy/sell decisions more difficult. Currently I'm holding GNE & CEN. And I won't be buying anything until volatility decreases

[mouse]

It's as if I have a slow puncture. Not much noise, but the tyre slowly loses pressure.
Finding the leak is of course a problem. It might be the valve. Or anything. Should I take the shares to the local garage for repair?

[Yeshiva]

Hi all

i have a question in relation to solar power.

If solar power becomes more common (because panels are cheap and batteries become more efficient and cheap), which of the gentailers will be hurt the worst, and who will do ok?

I understand that a bit of solar energy/battery uptake is not a bad thing for some gentailers because it means that the peak demand gets smoothed out and there is less need to bring on stream the more expensive fossil fuel burning stations.

Thoughts?

[Snoopy]

Hi all

i have a question in relation to solar power.

If solar power becomes more common (because panels are cheap and batteries become more efficient and cheap), which of the gentailers will be hurt the worst, and who will do ok?

I understand that a bit of solar energy/battery uptake is not a bad thing for some gentailers because it means that the peak demand gets smoothed out and there is less need to bring on stream the more expensive fossil fuel burning stations.

Thoughts?

Maybe Genesis Energy would be best off? Because Genesis Energy are already building a solar power network!

SNOOPY