RE:RE:RE:RE:The chickens have come home to roostKarl63 wrote: I don't think anybody buys a renewable as a bond proxie, there are better companies out there for that, including conventional utilities and telecoms (which aren't doing too badly today). I'm not sure why the renewables are having a bad day, but I never try to question the short term logic of the stock market - that's a losing proposition. It could be as simple as the renewable crowd being very conservative, and conservative people often bolt prematurely causing a snowball effect. Regardless, I bought in a short while ago at $40.03 and I'll hold that for a long, long time.
*******************************************************************************************************************
Agreed. My sense is that nervousness in renewables is merely a milder reflection of the tribulations among political leadership everywhere. Inflation, thanks to Mr Putin's cruel follies in Ukraine, has risen to be the top panic. Climate change? What's that? QE is now QT and non-transitory, enduring
Mr Biden knows too well that no incumbent is likely to win an election amid high gas prices. His emissaries are pressuring OPEC, Iran, Venezuela etc to increase production. Mr Kerry beseeches oil execs not to forget climate while Ms Granholm, within minutes, exhorts them to drill, drill, drill, "We're in a war"!!! The build back better rumination, thanks to Mr. Manchin's obduracy lies splattered on the sidewalk while he himself flies to Alberta to negotiate oilsands!
Mr Macron is hanging by the skin of his teeth while Mr Trudeau authorizes a new oilfield off the coast of NL.
Strictest vegans having surreptitiously mingled with vegetarians are now licking at burgers, and with the weather warming who knows, hot dogs on the grill?
But let's not forget that climate related disasters are real. Rising ocean temperatures are real. The floods, the fires, the hurricanes may not have touched your home but your neighbours not that far have faced them all.
I have held NPI since the $17's and, thanks to the DRIP, have had to trim multiple times as it was skewing my portfolio. A few dollars up or down will not provoke me into a hasty decision.
Cheers.