Post by
BayWall on Sep 30, 2023 8:22pm
Presentation
Near the end, 1:15 mark of the update presented this week, Nelson Ng of RBC Capital Markets asked about share value. (His target price is $31)
Mike Crawley said, that through the Fall, we need to get out and tell the story, a positive story. They can't do much about market cycles or overall market sentiment. As long as the company can deliver on their stated milestones and make it known to the market.
He made reference to the teck boom/bust, disruption 20 years ago. The companies that survived were not overexposed, had strong business models and meaningful cashflow growth.
I assume he is applying these to Northland, de-risking projects, etc and says the company is expecting meaningful cash-flow growth moving forward.
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While offshore wind may be on the backburner for now, onshore projects will be looked at. Solar in Alberta and wind/solar in New York State. No one askd about Ball Hill nor Bluestone wind projects which are expected to started producing this year. (COD2023) About 200MW total.