Member Info for spentout

Agree. Drax sits on a massive coal field. Served by an underground shuttle, supporting mining communities and local services, 40 years ago Drax was truly sustainable. Fast forward and the anti coal lobby, and we are where we are, Greta Thurnberg and all! That is all history, and to misquote Aneurin Bevan, only an organising genius could produce what we've got today. You cannot blame the company, they dance to the tune the Government play, and do it very well.

In 2014 this share was around £8ps. I don't think Barclays are far off track. The fundamentals haven't changed: it is still a modern power station, we still use electricity and demand is still growing. Drax now has, imo, a really competent management team, and one that is committed to ESG principles. What has changed is the political landscape of UK energy policy. We have an ageing nuclear fleet, to be replaced one day by new plant run by the French and based on Chinese technology; no replacement coal; a Green lobby that is clueless; and a dependence on imported energy ( to increase up to 25% ) from Europe who have fallen out of love with the UK. Drax will continue to be a major player in the future UK energy market. £8 -£9 isn't going to happen any time soon, and I'm sure the price will go down as well as up, but as a long term home for your money, Drax is a good place to be invested.