Post by
svsingh83 on Jan 13, 2023 5:33pm
All the Bad News is In
Hopefully, there will be no more hiccups.
Management buying at $12.5 and $10 was an encouraging.
We could see more insiders buying.
VWAP was around 9.15. It closed towards the lower end.
It is a healthy yield which they should able to defend and start increasing with effect from 2024.
Stay hopeful.
Comment by
malx1 on Jan 13, 2023 5:53pm
What happens when price of thermal coal increases? Maybe some news baked in, much more yet to be discovered. If CEO pushes ahead with KY utilities, can AQN proudly put a Fossil Fuel Feather in their ESG cap? What happens to share price if AQN damages their ESG rating? This story could get interesting to watch.
Comment by
svsingh83 on Jan 13, 2023 6:04pm
No doubt. But some risks have to be taken to make money. As the history indicates, selling frenzy cools after a few days of Divi cut.
Comment by
newcoin on Jan 13, 2023 6:18pm
This dividend cut was well telegraphed. Everyone knew to expect a cut. It wasn't as bad as it could have been. Selling is over soon. Lots of upside here.
Comment by
malx1 on Jan 13, 2023 8:02pm
A few days? How about a few quarters? Maybe a few years. These billion dollar problems don't correct themselves overnight. Sounds like a bunch of day traders talking up their $10 shares. Needs time. Lots of time. May see $7 if this CEO follows through on KY deal.
Comment by
BSdetector2016 on Jan 13, 2023 7:53pm
You are delusional. The captain of the Titanic is now in charge of the salvage operation. In other words he is STILL there, and he has proved to be excellent at doing things to destroy market cap.
Comment by
ol_griz on Jan 14, 2023 11:41am
Hopium is fine and I'll have some, thank you, but I expect volatility until there is clarity on Kentucky Power and asset sales. Expect downside at least short term, too, if the Kentucky deal is consummated. Looks like everyone sees it as a poor move from the get go and downright disastrous given the current environment.