The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Depends if the existing biomass units are running at full power. If not they may as well keep some coal generation for back up and take a profit. As for green credentials, what Greenpeace and the BBC are not reporting / telling us, is what the renewable solution is anyway. Wind power is now actively adding to CO2 due to the fact that too much is being produced at the wrong time, in the wrong place, and with no viable means of being able to store it, so who is the hypocrite?
i live near drax and word is that the deal is already done with drax but on very very thin profit margins.
Hate to post anything from the ***rdian, however news on EDF and possibly Drax. Anyone have a view of whether Drax would accept keeping coal generation available in face of bad publicity against renewable credentials?
https://www.msn.com/en-gb/news/uknews/uk-close-to-deal-with-edf-to-keep-coal-fired-power-station-open/ar-AAYp5nM?ocid=spartanntp&li=AAnZ9Ug
Below 600p by end of June. Sell now.
Wrong again....you sad TROLL. Wont hit £3 ...wont hit £4....wont hit £5 .....wont hit £6.....actually hits mid £8s .....I'll drop below £6 soon ...erh no back rising again over £7 ...so please off you pop old son - your a clown:-)
owls
a very kind comment by you
Dead cat bounce. I expect it to drop well below 600p soon.
Up again since Effix piped up, it's amazing how he always get's it wrong, I hope for his own sake that he doesn't make any actual investments and limits himself to pointless bitter comments on here.
Very strange effix that you've not messaged for about 6 months, wonder why?? Is it that you said it would never get above 300p, 400p, 500, 600p EVER and too embarrassed to comment again? I certainly wouldn't listen to a word you say anyway and now that you have mentioned the price will continue to drop, that means it will continue to climb. If it falls further then good buying opportunity at a lower price. win win eh!
'it invevitably rises again' - sure, keep on dreaming pal
Your a fool , a fraud and no doubt broke . Nobody following this stock take any notice of this TROLL. Laugh at him when it inevitably rises again.
yes i know the corrupt useless gov has kept drax having a little of its coal going......just look at germany now via scholz who is not getting coal fired places going again yet he wanted all gone
so many companies in different industries are hampered or financially screwed by our useless government in so many ways
From the 27/4 trading statement, the Govt asked Drax to plan to keep the coal burning, so there is some thinking going on in the Dept of Energy.
"Drax continues to expect to formally close these two legacy coal units following the fulfilment of their Capacity Market obligations in September 2022 but remains committed to supporting security of supply in the UK. Drax has recently been asked by the UK Government to consider options for a limited extension of its coal operations and this remains under review.
thanks for info
as ever the uk gov caused this by amber rudd the EU loving speccy gimp banning coal via treason may......and thus coercing drax into wood pellets etc and they getting this via usa and other countries let alone all this vast environmental transportation issues
I love you Sunak! My shorts prospects have never been better before! The Drax investment case is effectively killed due to massive uncertainty regarding what the windfall steal will look like, how big it's going to be and how long it will stay. Share price will keep on sinking and sinking ... and sinking. THANK YOU
IMO its the rail strike vote
Drax has 72 trainloads a week of wood pellets.
These cant realistically be moved by road
On site storage capacity is 350,000 tons, so they have at most 2 weeks supply on site
why is no one commenting on collapse of DRAX
Apparently there is no thiefing tax on Drax, SSE etc so why are they down?
Bought in today and already in front after the after hours auction. Onwards and upwards hopefully , after the market recovered from idiot Sunaks remarks
Drax down 15%, SSE and Centrica approx 6% and 7% respectively.
IMHO, drop is due solely to the Citibank evaluation to sell this share. No other renewable co has dropped by anything like this one.
I really dont get this TAX thing. With the exception of renewable all generation companies have seen an increase in cost for fuel to generate even nucular! Thats why the cost has gone up
Hopefully ride this news out and recover to the excellent highs off nearly £8.50.
Well, this is dire.
It’s down to the windfall tax, hence also the fall in SSE.
Has come out of nowhere as the prevailing discussion was that it would be based on the oil and gas companies.
Unclear how it would actually work unless it was an extra corporation tax rate for electricity generators.
The US investment bank also cut electricity generator Drax to 'sell' from 'neutral'. Shares in the FTSE 250-listed power generation firm slumped 12%.