Capital Power Corp T.CPX

Alternate Symbol(s): CPXWF | T.CPX.PR.A | CPRHF | T.CPX.PR.C | CPWPF | T.CPX.PR.E

Utilities Utilities - Independent Power Producers

Capital Power Corporation is a growth-oriented power producer company. The Company develops, acquires, owns, and operates renewable and thermal power generation facilities and manages its related electricity and natural gas portfolios. It is involved in the operation of electrical generation facilities within Canada and in the United States. The Company has approximately 9,300 megawatts (MW) of power generation capacity at 32 facilities across North America. Its projects under construction include over 140 MW of renewable generation capacity and 512 MW of incremental natural gas combined cycle capacity from the repowering of Genesee 1 and 2 in Alberta, and over 350 MW of natural gas and battery energy storage systems in Ontario and approximately 70 MW of solar capacity in North Carolina in advanced development. Its La Paloma facility is located in Kern County, California. The Company also has a Harquahala natural gas generation facility in Arizona.

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Capital Power Corp > This is what happens

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Comment by BSdetector2016on Nov 22, 2024 6:11pm

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Post# 36326939

RE:RE:RE:RE:RE:RE:This is what happens

Hi Sarge,

I'm doing well and yourself? The market is sure a strange place these days. Mirko Bibic sure did a number on BCE. I thought that I was smart by buying the “bottom” but no, he goes and blows the funds from selling the loser entertainment segment on a US-based telecom, and drops the SP another $10. Bibic, like Trudeau, has no concept of the toxicity of debt. The next shoe to drop will be a dividend cut. I'll wait out Telus; at least they are entertainment-free.

Covid was hard on everything but at least I got into some great stocks at the right time. CPX and KEY were a couple of them along with select SplitCos.

The avoid stock list is getting to be a long one: AQN, BCE, EMA, anything renewable etc. The great dividend stocks of yore have been reduced in number. I loaded up on TD when it was forced to put on a dunce cap, and am prepared to wait that one out while collecting a decent dividend.

I held off touching CPX for a long time but today the technicals forced me to do something. RSI of 84 is totally unsustainable. It will be on my buy back list if it falls hard.

I think that we are headed for a major correction after the holidays/Santa rally, around the time Trump gets sworn-in. We are 13 months into the current market inflection; it can't last and will correct at some point. Cash is therefore required to take advantage of that correction once the dust has settled.

Cheers,
BSD

SargeX wrote: Hey BSD

How she go? Lots of wild action both ways these days with BCE & T being in the dumpster, AQN acting badly as usual, and CPX and the midstreams going crazy.

We picked up CPX starting at $29.07 with the dough from dumping ALA. It's now our largest holding and as of yesterday is 12.23% of our entire portfolios. I always knew they were a good company (once they starting moving out of coal) and ttheir US gas purchases last year was a beauty move. Certainyly agree that this doesn't justify the current price run. Seems like something is going on so it will be interesitng to see what shakes out.

We'll just continue to hold but I certainly see the logic behind a 1/3 trim. Enjoy those huge profits.

Take her easy
Sarge

BSdetector2016 wrote: I did today by a third. My Covid ACB was $28...

Yanner911 wrote: So what is the plan? I'm up 72%. Since it hit 50$ o want to trim.