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Well, someone is buying at this level;-
18-Nov-21 16:35:24 569.50 772,358 Buy* 4m
If you are prepared to sink £4million into the share at this price you must know something or simply criminally incompetent.
Admit it Effix sweet honey, you're a bit of a sour loser.
:-)
Effix…I bet you wish you had bought in at 300p now …. Looser…hahah
Buhaha. Who’s buying at this level? Average Joe left holding the bag -)
haha - most definatley...all we need now if effix to crawl out of his sink hole and say it won't clear the 600p zone :-)
Very quiet on here, have we now cleared the 500p zone?
A bounce back from the daft fall the other day.
Who cares what Blackstone do when the UK power system in on a tightrope!!!
Look at spot lower prices and the forward curve.
Anyone want to sell that? PLEASE!!!
huge volume today for drax.....anyone know whats going on?
By EFFIX
"Just exactly as I said. This dud cannot clear 500p zone. It's been trying for a few weeks now and every time gets mercilessly rejected. Tons of sellers there. Sell and forget!!!"
No doubt he will be back with "this cannot clear 600p zone".
Excellent share.
yip
lebanon in darkness
usa needs more coal produced to keep lights on too
a city in india of 19 million i read either in darkness or in danger of it
china manufacturing working 1 day a week to conserve energy and street lights off
blackouts worldwide coming
Further information. Word is that Drax and Engel have been dropped from the Blackrock iShares Clean Energy ETF.
Blackrock have declined to comment.
Ah well, the volume can be picked up by others in the market.
We aren’t going to keep the lights on this winter with good intentions alone.
thanks - that's helpful!
yes i know that but uk gov cant have it every way as they banned coal.....and sturgeon in scotland has banned shale gas...and is anti nuclear, oil/gas....and defence
i found this in search re austria, germany, swiss.........looks stagnant over last 2 years but could be seen as stable prices
https://www.propellets.at/en/international-prices-wood-pellets
Does anyone know what the price of wood pellets is doing?
That article is the only thing I can see.
I think it is daft as the CFD and ROC arrangements are set.
Would be very bad form to make such a change in policy especially as UK needs new investment in the transition.
It wouldn’t help.
I just think it is nervousness with the big moves we have had.
the articles below. just google drax and it talks about drax is biggest CO2 generator in UK and 3rd biggest in Europe.
does anyone know reason for sizeable drop this morning? or is it profit taking
You really didnt pay attention during your arithmetic or basic stats class did you effix? A quick review of the tend shows that in three of the past 5 years, the Drax share price actually rose over the colder months. In 2018 the share price did retreat across the year but this may have been related to unusually warm winter. In 2019/2020 its hardly rose before collapsing in early 2020. I seem to recall that most other equities were also part of that Lemming rush to disaster but presented an excellent buying opportunity which I was pleased to take.
I am sure you could restore your credibility if you were able to share the inside information you seem to infer you have access to but I rather doubt you can and a 'zone' equating to 8% around the current midpoint is a bit of a challenge for any share in the short term. Mind you, my GGP holding has made 25% today - does this qualify me as a 'big gun'?
Ps - did you enjoy the coloured chalks?
I see a 500p zone to be around 480 to 520p. And the zone is a range not a point. Clearing a zone is closing consistently above 520p. Enough of an explanation now?
Airfix03…I know you are busy building your model planes etc…but you constantly keep avoiding the same question….what is your take on “zone”.if the current price of 496p (which it has been for some time now) isn’t in the 500p zone then what is? You never seem to explain why this was NEVER going to get over the 300p zone EVER…that’s your words not mine….so please expand to everyone on this board….I bet you can’t!!!
Not the first winter coming and they never gained in share price at this time before. I know - this time will be different -)
go on then effix, do please explain the reasoned arguments for your assertions because Drax no longer has any gas generation capacity (sold in Feb) and with biomas, Hydro and coal prices controlled or otherwise impervious to current gas pricing swings.
Todays lesson:-
It may have escaped your notice class, but the days are shortening and the ambient temperature is falling (we call it autumn) and this will be a trend lasting for about 6mths. Typically energy demand tends to rise during this period and being sensible chaps the folk that actually bulk buy the electricity will favour the cheapest suppliers. Ok, it can get a bit breezy but the sun tends to hide a bit so thermal power generation is the only realistic alternative to wearing coats indoors. Those generators that control their own feedstock prices will tend to do financially rather better than those that do not.
Any questions prat the back? No? Ok, I'll leave the coloured chalks for you to play with whilst I repair to the staffroom for a coffee and a smoke. Toodle-oo, class dismissed.
@NR - you big gun investor have no clue, do you? This dud is going to get hammered on the gas surge fueled economic slowdown in line with all ftse instead of actually getting any support from this gas situation, ha!
oh look...its back in the 500p zone - or did it ever leave it??
effix - a clock reads the right time twice a day and you are a tiresome young troll that has nothing of value to contribute to this board so please take your own advice, sell whatever holding you have (nil) and slink back under another bridge where you might find others of a similar disposition.