RE:RE:Interesting info on pure renewablesHey Walt
Great to hear from you.
A huge congrats on your marvelous timing on both sides - selling renewables and buying midstreamers.
Yes, we do have a full position in ENB, KEY, PPL, and TRP. No plans to add anymore as they are all at 5% of our total book value. I never really care about the % of total portfolio but do have a rule that 5% of book is as high as I want to be for any indiviudal stock.
As an aside, with the Brookfield potential take-over annnouncement of IPL, we've trimmed 30% of our IPL. I usually sell all with take-over announcements but the Brookfiled offer is so totally under-priced so I'm hedging on a bigger offer above the current IPl trading price of $18.
Take her easy and keep up the good work
Sarge
WalterWhy wrote: Thanks, Sarge--as always, appreciate the insight.
I know you have full positions most of the time, but are you thinking of adding any more midstreamers at this point?
I sold all my NPI, AQN and RNW recently near the peaks, and have been re-deploying into TRP/ENB/PPL/KEY (I already have a full position in ENB). I wanted to sell my ALA at around $20, but changed my mind as I'm still well below my cost base.
Hope all is well!
Cheers,
WW
SargeX wrote: As I've been saying for a while, renewables are grossly over-priced and midstreamers are under-priced. Here's a quote from part of my post from Jan 14th.
Anyway, as I've been saying for a little while, anything green including the pure renewblres is grossly over-priced and headed for a 10-20% correction in the next months. On the other hand, the midstreamers are grossly under-priced and headed for a run-up. I just made up a table of the correction on a few pure rewables companies thus far. It's a mess and I'm not sure it's over yet.
| Ticker | | Curr | | High | | Diff% | | Date |
| BEP.UN | | 51.58 | | 63.39 | | -18.63 | | 21.01.08 |
| BLX | | 40.95 | | 56.70 | | -27.78 | | 21.01.12 |
| INE | | 23.94 | | 32.48 | | -26.29 | | 21.01.08 |
| NPI | | 41.98 | | 51.45 | | -18.41 | | 21.02.05 |
| RNW | | 19.81 | | 24.47 | | -19.04 | | 21.01.07 |
In the meantime, the midstreamers have done quite well.
I'm quite happy to have sold all our BEP.UN and 60% of our NPI.
Ciao
Sarge