Northland Power Inc (Ontario) T.NPI.PR.B

IMHO - 3 day rule

[Indicator]

NPI was beginning to show signs of support around $21.50, and then this awful accident occured - traders/investors stepped out of the stock waiting to see where things land.

2 days of selling so far and decent amount of buyers have been stepping in.  3 day rule would suggest firming next week if company fundamentals remain intact.

I still hold my 1/3 position and will add when upswing is confirmed.

Heart goes out to those families who have lost a loved one.



 

[mnztr]

I think the fear is misplaced. What NPI is doing is super complex for sure, but this incident is not related to the highly tecnical construction of wind farms, instead its in the very mundane filling of CO2 cylinders by a subcontractor. Ironic indeed. I don't see it being stopped very long. Althiugh there may be req .for better ventilation where the tanks were being filled, alarms etc

[Janniem]

I am going to read up on this as I have not heard there was any loss of life in this incident. Also Northland Power is supposed to be providing an update in this matter. i will contact investor relations but I think this may be misinformation.

[Indicator]

So far the latest info I can find is "one worker died": https://www.windpowermonthly.com/article/1886310/worker-dies-co2-leak-taiwanese-offshore-wind-project

[Indicator]

Anther article: "This article was updated at 10:15 CET on 28 August 2024 after a response from Hai Long Offshore Wind. The CO2 leak that hospitalised 17 people working at the Hai Long onshore substation site in Changhua, Taiwan, on 20 August has claimed at least one life. On 27 August, the Hai Long Offshore Wind consortium issued a statement saying there was “loss of life” following the