Looks like the attacks on coal exporters by China is having a negative affect on export prices. Domestic prices not so much?
The Australian LNP seems to be deadset against AGL and their Chinese tradewar is destabilising everyones faith in the energy sector.
Joe Bidens pro-renewable stance could also be having an impact. Basically - looks like the LNP have screwed us.
https://www.copyright link/companies/energy/renewables-smash-coal-power-in-a-pandemic-hit-year-20201214-p56n61
Renewable energy generation is set to defy a historic drop in global electricity demand this year due to the COVID-19 pandemic, but coal-fired power stations will be the biggest loser.
Worldwide generation from renewables is expected to surge by 7 per cent this year, even as consumption of electricity sees its biggest drop since the middle of last century, the International Energy Agency said in its first electricity market report..
AGL Chart, page-34
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$11.98 |
Change
-0.110(0.91%) |
Mkt cap ! $8.059B | |||
| Open | High | Low | Value | Volume |
| $12.10 | $12.10 | $11.88 | $20.53M | 1.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $11.97 |
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| Price($) | Vol. | No. |
|---|---|---|
| $11.98 | 13553 | 4 |
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| AGL (ASX) Chart |