RE:RE:RE:RE:RE:RE:Shorters going to get burnedI saw some of the analysts that follow AQN report on this possible purchase. Their comments did not provide any numbers . So everyone that follows AQN knows of this possible sale.
I believe that markets think there would be additional funds needed . The market fears possible share issue to help pay for this purchase.
Until further clarification is made on this utility , I think AQN sp will be in the doldrums.
GLTA
RFguy
================================================================
Don't bother, it's just rumour currently. I found this article, https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/algonquin-power-open-to-utility-m-a-as-part-of-green-fleet-strategy-66063361 which has some brief info on Kentucky Power: Kentucky Power is a generation, transmission and distribution utility serving about 166,000 customers. The company owns and operates the 260-MW Big Sandy natural gas plant in Lawrence County, Ky., and a 50% interest in the 1,560-MW Mitchell coal-fired plant in Marshall County, W.Va.
So it has all three parts of the power business (this is important), and the coal plant is less than half of the asset base. However, as you hinted at. I sure would like to see the arithmetic on how $2.8B of assets spread over 170K customers becomes earnings-accretive. . TickerTwit wrote:I looked through the AQN news list for this and could not find anything. Could you point me to company-issued information on this purchase?
.
rfguysd wrote:
Lets look at bit closer at the possible purchase of AEP’s Kentucky’s power Utility.