Capital Power Corp T.CPX.PR.A

Primary Symbol: T.CPX Alternate Symbol(s): CPXWF | CPWPF | T.CPX.PR.C | CPRHF | T.CPX.PR.E

Utilities Utilities - Independent Power Producers

Capital Power Corporation is a growth-oriented power producer company. The Company develops, acquires, owns, and operates renewable and thermal power generation facilities and manages its related electricity and natural gas portfolios. It is involved in the operation of electrical generation facilities within Canada and in the United States. The Company has approximately 9,300 megawatts (MW) of power generation capacity at 32 facilities across North America. Its projects under construction include over 140 MW of renewable generation capacity and 512 MW of incremental natural gas combined cycle capacity from the repowering of Genesee 1 and 2 in Alberta, and over 350 MW of natural gas and battery energy storage systems in Ontario and approximately 70 MW of solar capacity in North Carolina in advanced development. Its La Paloma facility is located in Kern County, California. The Company also has a Harquahala natural gas generation facility in Arizona.

TSX:CPX - Post by User

Capital Power Corp > BOUGHT DEAL,,,,,,,,,,,,,,,,,,,,,,,PAIN........!!!!!!!!!

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Comment by SargeXon May 27, 2021 5:01pm

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Post# 33282876

RE:BOUGHT DEAL,,,,,,,,,,,,,,,,,,,,,,,PAIN........!!!!!!!!!

Hey Red

How she go?

These bought deals on the divy payers do wear a little thin at times. Sometimes the company puts the new dough to good use and other times it doesn't. Such is the life of the dividend investor.

As an aside, the CPX bought deal was definitely at an opportune time and hasn't really done much to the share price, especially compared to CWX. I went back to their charts and on April 21st, just before CWX's bought deal, CWX closed at $10.72. Today, it closed at $8.74 so is down 18.74%. On Apr 21, CPX closed at $38.59, it had its bought deal yesterday, and today it closed at $38.11, so is only down 1.24% in the same timeframe with the same sort of circumstances.

Anyway, I'd say I'm way ahead with owning a full position of CPX and no CWX. I also have no doubt that CPX will recover to its recent high in the next couple months. We got into CPX last Sept at $29.07 as an ALA replacement and we've really been tickled pink with it ever since.

Take her easy
Sarge