GNE - Genesis Energy

[Dassets]

Jantar is right about the final pricing, will probably come in. However there are real stresses in the system. Basically Meridian squandered its water and the South Island has been caught short going into winter. While the South Island hydro storage will probably avoid 10% on the hydro risk curve the market is likely to go in summer very short storage.So if we don't get a solid rain period next year's winter could get really interesting.

It would be very interesting to know how big the coal stockpile at Huntley is and whether it can switch to gas without a delay.

[trader_jackson]

Jantar is right about the final pricing, will probably come in. However there are real stresses in the system. Basically Meridian squandered its water and the South Island has been caught short going into winter. While the South Island hydro storage will probably avoid 10% on the hydro risk curve the market is likely to go in summer very short storage.So if we don't get a solid rain period next year's winter could get really interesting.

It would be very interesting to know how big the coal stockpile at Huntley is and whether it can switch to gas without a delay.

They have already brought coal from Indonesia, although I don't think they have run out of the stockpile itself yet, just preparing to. By the end of this month the local coal mine (who genesis have mentioned they would rather buy from) should be in Bathurst Resources coal and they should be able to supply GNE coal, if required. Right now SE's assets are in 'no mans land' as they await OIO approval for Bathurst to purchase them (so not a done deal, but I can see no reason for OIO to object). Ultimately good for both GNE and BRL = good for jobs in that area.

[Rabbi]

GNE having quite a stellar run for a dividend stock. I can't imagine the rise is all down to using the rankine units as this is only creates a temporary spike in earnings.
. GNE doing as well if not better than MCY which has lifted its full year profit guidance twice.

[Beagle]

Jantar is right about the final pricing, will probably come in. However there are real stresses in the system. Basically Meridian squandered its water and the South Island has been caught short going into winter. While the South Island hydro storage will probably avoid 10% on the hydro risk curve the market is likely to go in summer very short storage.So if we don't get a solid rain period next year's winter could get really interesting.

It would be very interesting to know how big the coal stockpile at Huntley is and whether it can switch to gas without a delay.

Fair bit of rain over some parts of the South Island, in the right area's though ?

[peat]

Fair bit of rain over some parts of the South Island, in the right area's though ?

soon to be posted Beagle

the deluge that hit eastern coastal parts of the South Island over the weekend all but missed the southern hydro lakes, which remain at critically low levels for the time of year.

[boysy]

http://www.metservice.com/maps-radar...forecast-3-day

Would suggest the weather over the next few days should dump a fair bit of rain in various SI hydro catchments

[Beagle]

soon to be posted Beagle

the deluge that hit eastern coastal parts of the South Island over the weekend all but missed the southern hydro lakes, which remain at critically low levels for the time of year.

Pretty unfortunate really isn't it in more ways than one !

[Bobdn]

Peat, is that right? I see on the Transpower Security of Supply update that there appears to be some pretty jucicy inflows into South Island hydro lakes. However, electricity is still heading south over the Cook Straight and the coal burners at Huntly are still operating, albeit at lower levels now. All very interesting.

Today GNE continues to grind upwards. We're looking at iincrease of 25 per cent over the last three months.

[Raz]

Pretty unfortunate really isn't it in more ways than one !

They did get some snow accumulation in the area which will help very slightly during the spring snow thaw..no fear the current weather forecast later this week is...

"Further east, Central Otago and the Southern Lakes District would also get some scattered showers but rain accumulation would hit about 1 millimetre"

[boysy]

Which data is correct the past 24 hours rain fall indicates 20-50mm through large areas of SI hydro catchment

http://www.metservice.com/maps-radar...nfall-24-hours