I think its a very good piece. It accurately describes the precarious position of the sector. Of course they say 'may' as no-one knows 100% what is going to transpire.
They key point in this article is that there are indeed a number of highly geared companies trying to offload expensive assets at this time. The companies that can survive through this situation should get out the other end in a very good position. Will CNP be one of those?
CNP Price at posting:
5.3¢ Sentiment: None Disclosure: Not Held
