GNE - Genesis Energy

[Beagle]

http://www.nzherald.co.nz/business/n...ectid=11386480

Wholesale power prices on the rise with the threat of drought.
I would think Gen are well positioned with their geothermal production to make hay while the sun shines from this situation.
Good to see power demand increasing too.

[Jantar]

http://www.nzherald.co.nz/business/n...ectid=11386480

Wholesale power prices on the rise with the threat of drought.
I would think Gen are well positioned with their geothermal production to make hay while the sun shines from this situation.
Good to see power demand increasing too.

Genesis, GNE, Geothermal? I think you mean Contact, CEN or Mighty River MRP.

Genesis has the Huntly Gas fired combined cycle plant and the older coal fired units, along with Waikaremoana, Tongariro and Tekapo hydro plant.

[Beagle]

Yep, half asleep this morning...still on holiday time. I meant their gas fired production but yeah the other generators will benefit from the higher wholesale prices too.

[bull....]

genesis probably underperforming others because of there oil business

[fish]

genesis probably underperforming others because of there oil business

you are probably right but is it really justified?
gen went into kupe to secure long-term gas
They have done very well out of it and will continue doing so
The high oil price was just a bonus
A dry summer and improving demand is driving up electricity demand and we should see improved thermal generation and profits

[Beagle]

you are probably right but is it really justified?
gen went into kupe to secure long-term gas
They have done very well out of it and will continue doing so
The high oil price was just a bonus
A dry summer and improving demand is driving up electricity demand and we should see improved thermal generation and profits

I'm with you mate. Against a backdrop of a prolonged period of low interest rates the dividend yield is highly attractive.

[fish]

I'm with you mate. Against a backdrop of a prolonged period of low interest rates the dividend yield is highly attractive.

projected dividend for 2015 is 16 cents plus imputation credits makes 21 cents or 10% gross yield to me so bought some more last few days.
Hydrolakes below seasonal average so should be need for more thermal generation from the massive reserve genesis has at huntly.
cheaper fuel.
Long-term low interest rates.
Increased electricity demand
growing population and no new large generation likely to be built for a long-time
so the bigger picture is looking very good

[Snow Leopard]

...cheaper fuel...

Consider the [negative] impact on Genesis having long term contracts on Gas...

Best Wishes
Paper Tiger

[couta1]

Consider the [negative] impact on Genesis having long term contracts on Gas...

Best Wishes
Paper Tiger

I prefer to look more at the current decade than worry about things that could become a problem light years away the threat of a Labour/Greens Govt returning is a bigger threat in the medium term for ALL power companies

[Snow Leopard]

I prefer to look more at the current decade than worry about things that could become a problem light years away the threat of a Labour/Greens Govt returning is a bigger threat in the medium term for ALL power companies

It is a current problem, as you should well know as you claimed elsewhere that you do the research.

Best Wishes
Paper Tiger