I got more below 7 and will top up there each time the opportunity presents - at that price the current dividend implies a reasonable return with lower capital risk (imo)
Magellan infrastructure recently did a podcast on the energy transition currently underway globally. very worthwhile listening to.
re vehicles they have determined that 2 Ev's (in USA) use the equivalent of a households worth of electricity... yet consider Ev's 300% more efficient than ICE when the whole chain is considered... this validates investment in new generation now as even with increases in efficiency, demand will increase over time. current nem spot prices illustrate that supply issues are the cause for the prices rising
agl still have a long way to go in developing a pipeline to replace their short and medium term generational losses. Torrens island gas plants have again had their retirement dates brought forward. currently only initial 1hr of bess being built onsite - current RoI will ensure that this gets increased to four (or more)
AGL Price at posting:
$8.10 Sentiment: Hold Disclosure: Held
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