The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
So where does the energy come from if drax stopped operating today? Sure as hell isn’t coming from any of the other renewables in the short term. If Beccs is going to be a reality then it needs investment at government level, that’s the game changer. I don’t think drax is the answer but I think it’s part of the answer alongside other opportunities. It’s obvious there is a lot of animosity towards large energy generators such as drax as it’s an ideal target but maybe than been overly negative bring some realistic solutions to the table. If beccs technology is advanced and successful as we all hope imagine not only the market potential but the impact this could have world wide on the heavy polluting countries.
I hope drax do take bbc to task it’s about time someone did for their lazy biased journalism
A good reply from drax PR which highlights the inept, poor and generally one-sided view that the bbc has become renowned for in order to attain viewing figures. I wonder how long before the bbc starts redacting
Despite that it’s a great position to buy 20% down on its potential imo
Whole market is down look at sse cap, due to the pound strength. Could be a great opportunity to buy its well below its value as is sse cap and jet2
Nice to see Liz truss rule out a windfall tax on energy producers today on pmq. Common sense prevail and allow a free market to be free and get investing in green energy. Massive gains for this share coming get buying.
Good drop here to make some quick money imo, next few months will really show the reliance on drax’s power
What zone are we in? at 567 do we still class that as 300 zone Effix?
Welcome Monty Dog, the key is to always listen to effix03 and do the complete opposite you will make a fortune.
Thinks its time to add some more to my Portfolio, i cant see the rise ending any time soon.
BECCS CO2 supplying (Food Market) - is there a chance this could plug UKs reliance on overseas imports consider the last two days with ever increasing gas prices , im not sure its compatible but if so its surely more ££££?????
Effix03 I love your forecasts it keeps making me money, can you say something like Drax share prices will never clear 800p in your view ...sell.
Looking at the action going on i would say its looking good for the target price of 550
Unfortunately there is a real lack of understanding of basic accountancy on that video nor consideration for forward thinking. Drax has identified a gap and need in the market and is investing heavily in providing a solid future for its self and sustainable low cost supply. This doesn’t happen overnight, but I’ll be buying in further as I see nothing but progress in this stock – until there is no demand for power and battery storage is so poor (Which will come with its own environmental challenges) Drax will always have a future in energy and carbon capture.
Do we know when a decision will be made on BECCS funding and when it will be announced?
I'm guessing £4+ if funding is made available, which also secures the long term viability of the station.
Hahaha HP your crazy.