Maxim Power Corp T.MXG

Alternate Symbol(s): MXGFF

Utilities Utilities - Independent Power Producers

Maxim Power Corp. is a Canada-based independent power producer, which is focused entirely on power projects in Alberta. The Company acquires or develops, owns and operates power and power related projects in Alberta. The Company’s core asset is the 300-megawatt (MW) H.R. Milner Plant, M2, in Grande Cache, AB, which is a combined cycle gas-fired power plant. It also explores additional development options in Alberta, including its permitted gas-fired generation project and the permitting of its wind power generation project. The Combined Cycle Gas Turbine (CCGT) expansion of M2 captures waste heat that would otherwise exhaust into the atmosphere and converts it into low carbon dispatchable electricity for the Alberta power grid. In total, it has about 600 MW of natural gas and wind development projects at various stages. Summit Coal LP is a wholly owned subsidiary of the Company that owns metallurgical coal leases for Mine 14 and Mine 16S located north of Grande Cache, Alberta.

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Maxim Power Corp > Prices.

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Comment by WDMBellon Aug 16, 2022 9:36am

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Post# 34898972

RE:RE:Prices.

I agree, not sure why the construction would keep the price down. The project is on track and if anything has gone better than planned with the additional $20 million grant money. A person can track the energy production by the minute through the AESO website:

ets.aeso.ca/ets_web/ip/Market/Reports/CSDReportServlet

If this was a tech company it would be trading at crazy levels, but it is just a lowly power company that will soon increase production (and revenues) by 50% with minimal additional operating expenses, crazy strong balance sheet & high internal ownership.

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