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20:27
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Originally posted by optimistus:
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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.
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AGL was absolutely oversold to a ridiculous extent. A lot of other companies were oversold as well but AGL was as cheap as dog biscuits under $10 AUD.
Originally posted by optimistus:
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AGL rebounding despite Trump's induced crash.
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AGL benefits from a self interested America. Australian Government needs AGL more than AGL needs the Australian Government.
Originally posted by GarfMate:
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I would argue it has more to do with Trump declaring a national emergency on electricity which will be created very soon.
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Nuclear will only go somewhere if AGL is in the mix. Much like EDF and RWE in Europe.
(20min delay)