malx1 wrote: BarstoolSage wrote: Malx1? Why the recent runup d'ya think? You have your finger on the pulse out there. I mean I really like it but wow. I lucked in on a timing thing where I bought a chunk in the 28s and have already taken profits back in the fiftees to put my gain to work yielding more income. Sold a few hundred more today to add to yield elsewhere and improve overall portfolio yield. But I am still holding on to an 8.3% yield on my remain cost on my shares an an unrealized gain just under 40k.
Been a remarkable stock for me so far.....But wow...recent big runup.
50% Capital appreciation from a power generation business over 1yr period is exciting.
Nice to see another Alberta-based company add a few billion to their market cap.
The tailwinds it's experiencing may be coming from a shift in attitudes at the ESG machine, with big emphasis on the E.
While it should be common knowledge that switching from Coal to NG for power production can reduce emissions by 50%+, seems many at the Federal, Provincial and Municipal levels are just now catching on to this fact.
This is the big push for NA NG to be shipped off to Asian markets.
I don't think they can hide their coal addiction, they will just add NG to the mix in large amounts.
CPX Macro stuff: 5yr bond yields topping off near 4% and 3%, reduces leverage risk in some of these indebted utility co's, continued demand for "cleaner" power generation, demand for skilled/experienced builders of power generation plants.
Touching on CPX price action, the run-up could be from the business being added to ESG portfolios, expected power demand next few decades, diversification of this business into small nuclear, geothermal, wind/solar, more NG etc.
Seems they can operate as a giant constructor of power generation facilities, hold their portfolio of NG power production for steady, baseline revenue generation, and selectively exit various assets on the books as opportunities to sell at reasonable valuations arise.
Could be a "powerful" business going forward, probably what some portfolio managers are picking up on the last 12mo.
Keep an eye on their debt levels and the health of debt markets if you own.
Back in the day I would tend to keep CPX on the "back-burner" due to its NG input requirements; however, you guys are smart enough to know that the power generators just pass on their rising input costs to the customer.
The goals were to reduce risk, reduce volatility, so I was a buyer of boring stuff like FTS, H and a little GH for pizzazz.