GNE - Genesis Energy

[bull....]

Bases forming can be a bit tricky. Yes this base can signify the bottom, but when you zoom out to a monthly chart you can see this could well and truly be a bearflag forming (bearish continuation). Always good to consider the bear case too, as the most likely scenario is that the trend continues.

In scenarios like this I would only be purchasing right at the lows with a stop just below. Maximise risk/reward.

with you on this
chart is not positive at this stage , like you say maybe just a consolidation at the lows which is a continuation pattern eventually of the previous trend

[Shareguy]

From forbars note this week

Genesis Energy's (GNE) 3Q22 operating statistics displayed a continuation of recent trends with its core business performing well, although the shine was tarnished by Kupe production declining faster than expected. Continued strong retail netbacks, good hydro generation and continued firming of wholesale electricity prices more than offset the Kupe production challenges resulting in a lift in forecast EBITDAF to (coincidentally) NZ$444m for FY22/FY23/FY24 and a +2.4% (+7cps) increase in our target price to NZ$3.00. GNE remains our preferred pick in the sector, with its attractive dividend yield continuing to provide downside protection. NEUTRAL.

[Beagle]

https://www.nzherald.co.nz/business/...ZLDHDPNTGGMAI/

[winner69]

Govt stock rates still on way up ..... equity risk premium increasing

We need a better yield out of GNE

[Beagle]

From forbars note this week

Genesis Energy's (GNE) 3Q22 operating statistics displayed a continuation of recent trends with its core business performing well, although the shine was tarnished by Kupe production declining faster than expected. Continued strong retail netbacks, good hydro generation and continued firming of wholesale electricity prices more than offset the Kupe production challenges resulting in a lift in forecast EBITDAF to (coincidentally) NZ$444m for FY22/FY23/FY24 and a +2.4% (+7cps) increase in our target price to NZ$3.00. GNE remains our preferred pick in the sector, with its attractive dividend yield continuing to provide downside protection. NEUTRAL.

Maybe you missed this bit Winner ? Close to 8% gross for a safe utility company is a great place to invest in uncertain times in my opinion.

[Beagle]

Govt stock rates still on way up ..... equity risk premium increasing

We need a better yield out of GNE

Bought a few more today. Bond market has had the worst start to a year since records began on Wall Street according to the guys on CNBC this morning and its the same here. I think this is the time to be adding to bond proxy utility companies which give a great return come whatever may in the economy and GNE the best of those proxies by a long way. 8%+ is awesome for a safe utility company yield.

Happy to add lots more if the yield gets even better.

[xafalcon]

Yes, I believe a price starting 2.7xx is too good to pass up on. With low hydro inflows continuing, the latest transpower weekly report shows storage levels falling in both island, having thermal capacity is a great place to be with winter knocking on the door

[bull....]

no long term future in coal - dinosaur

[xafalcon]

No option to replace coal in the medium term - a necessary evil.

This will remain the situation until Lake Onslow is built, filled and storing excess renewable energy. And the HVDC link is upgraded to a capacity (approximately 1.5GW northbound) to allow Huntly to be retired

[mcdongle]

Has Indonesia started coal exports again ?