TSXV:NKW.H - Post by User
Comment by
Gmoney5000on Aug 23, 2019 3:43pm
131 Views
Post# 30060189
RE:52 week high
RE:52 week highWhen the private power purchases ramped up years ago NKW was an applicant to B.C. hydro but unfortunately did not receive an agreement at that time. Likely it was due to not having enough insiders as some other garbage projects had (4 purchases agreements handed to a company owned executives of Accenture who were also given a sweetheart deal from the government to take over 1/3 of B.C. hydro. Contract with Accenture was cancelled eventually).
At the time had a shot at the purchase agreement NKW’s share price was over $6.
The days of B.C. Hydro paying 4x what the power is worth are over thankfully for BC but these contracts can still be very lucrative.
We will see where this goes this time.