RE:RBC UpgadeMost of my TA / RNW holdings were with TA. This morning I sold all of my RNW and bought equivalent dollar amount of TA. TA will be mostly shletered from this event but it will take a few years for RNW to climb out of this hole. POR will be over 100% for several years. It was already high before this event and they never increased the distribution over at least the last 5 years. They also need to find +$100M to pay for the repairs. There may be lawsuits but they will drag on. Don't ignore the possibility of a dividend cut to preserve cash.
I don't see too much sunshine here.
darb wrote: Nelson Ng of RBC just upgraded RNW to "outperform".
States new offtake contract with Fortescue in Australia will be a catalyst.
Ng is highly regarded.