RE:Credit Market - September Pricinglongrun86 wrote: As mentioned in my previous post, the BC Government publishes a "spreadsheet" of the Credit Market pricing that you can find here >>>
https://www2.gov.bc.ca/gov/content/industry/electricity-alternative-energy/transportation-energies/renewable-low-carbon-fuels/credits-market The excel file indicates that the average price for the credits in September was $456.12 (range between $350 and $471.50) with volume of 183,930. The volume is on the higher end compared to previous years.
I would say that the "price" in the market has stabilized momentarily but obviously the problem hasn't been "fixed" which can only be accomplished through regulatory changes.
In Q4, Management must get the shareholder communication part right as they have now had some time to digest the issues and come up with a game plan for the company. The tax loss selling will be brutal without giving the market reason to believe that this is now under control and that brighter days are ahead.
LR
I was with you until you said "obviously".
It is obvious to me that the credit market hit bottom in July/August . That is when the CARB LCFS market took off. Now they are $69 us and sniffing around a 12 month high. Nothing has changed in BC . Same as it ever was. Election for more "same" on Saturday.
Don't get caught short . As it were. There are no bathrooms here.