The retrace in share price entirely due to the prospect of an LNP Federal Government and regulatory uncertainty imho. Back to talk of government funded coal plants, rewards for mates and changes to the grid rules to benefit coal and/or some mates with marginal energy assets.
The nuclear policy is a joke so our electricity providers will face the same uncertainty as industry in the US trying to work out Trump's next move. How does AGL invest when there's no detail and the energy policy documentation that does exist is complete nonsense?
Investment banks already tanking because of policy uncertainty in US. M&A off the table. Who invests when policy can change from one day to the next? Particularly when it's likely to favour party donors.
Same as telcos tanked here when trying to deal with the LNP NBN MTM nonsense. Same as Education providers. They wanted the harshest student caps one day then no caps the next.
Power prices will absolutely be higher in 3 years and providers less profitable if LNP return to power. Don't listen to me, look at what the market is saying.
AGL Price at posting:
$9.96 Sentiment: Hold Disclosure: Held
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