RE:Shorters going to get burnedI have been following AQN for awhile now , and there are a couple of points that clouds my opinion on AQN.
1)It has been mentioned several times that AQN is looking to purchase a utility in Kentucy for a few B$. Where is this money going to come from? Issue more stock? Borrow more money? Might be a good deal long term but investors are thinking higher interest rates here. Better time to consolidate and reduce uncertainty.
2)Don’t fight the FED. There is only one direction for interest rates especially when inflation is high and gov’ts have no control over spending.
3)Higher interest rates hurt the bottom line for utilities.
Although I have purchased AQN on dips , any serious commitment of funds must wait for the 1st issue to resolve itself …. one way or the other.
GLTA
RFguy