Drax Share Discussion Threads

[rburtn] 29/1/2016 10:03

I think its time we shareholders in fossil fuel companies held our CEO's to account. The action against VW is instructive and all our CEO's seem to be big supporters of emission controls.
The CO2 climate change theory doesn't stack up scientifically. Imagine two identical earths at equilibrium with their starlight - one with no CO2, the other with a trace. The latter is supposed to be warmer. That means you could now perform work using the difference and conjure up a perpetual machine creating energy. Sorry, that requires a rewrite of the laws of thermodynamics.
An Oxford academic has just said all conspiracies eventually break down - someone lets the secret out. Well, we don't need a whistle blower here, the science says it all.

[robbo27] 29/1/2016 08:51

Candles in the loft!Hell i'm old enough to remember the 3 day week.Now that really would be back to the future!

[fangorn2] 29/1/2016 08:28

Energy security is key.

Why we aren't trying to get the Japanese to build our nuclear power stations(far safer) than the Chinese/French beggars belief. The price/KW being paid to the Chinese/French consortium is eye watering and safety is debatable.

Japanese far safer as long as we dont build it on a fault line

[scotches] 29/1/2016 07:39

Find the candles in the loft.



"All the subsidies, and the grovelling for Chinese cash, would have yielded nothing except proof of the horrible economics of nuclear power in the 21st century."

[robbo27] 29/1/2016 06:28

Back to the future??I think not,but the uk needs energy security going forward and ANY government would do well to remember that.

[zcaprd7] 28/1/2016 21:30

Some 25 percent off the low... One day we will be back on coal I reckon...

[robbo27] 27/1/2016 08:16

The grid will need drax.The hinkley deal is unravelling already!

[robbo27] 19/1/2016 08:09

The cold wind's of a looming recession,i'll wager.

[boffster] 19/1/2016 02:43

The warm & windy December won't have done Drax any favours but they'll be raking it in during this cold spell.

[richard98765] 18/1/2016 18:34

Drax provides 8% of UK power so it cannot fail..?. Policy is killing this but taking a long term view this could change offering a lot of potential upside on the price. Only my opinion though

[nick rubens] 15/1/2016 16:29

Institutions increasing holdings but share price still falling. Earnings set to tumble very badly here.

[nick rubens] 13/1/2016 08:59

Results for 2015 around end of February.

Profits will have plunged and dividend will be cut again for 2015.This following year 2106 will be worse as profits forecast to halve again and maybe worse.

I don't understand why Institutions have been adding recently. Is all this bad news in the share price and everyone looking around 3 years ahead for some kind of recovery, somehow? Or is it holding up in blind faith and psychology of how far it's fallen so must be good value.

[liquidkid] 05/1/2016 14:36

Nothing new in a year

Shares slumped as much as 7 percent to 215.20 p, the lowest since Dec. 16, before paring losses to 224.90 p by 1:30 p.m. in London

The European Commission wants to make sure that the public funds used to support the Drax project are "limited to what is necessary and do not result in overcompensation"

It will also examine the plant’s meeting EU energy and environmental objectives by using some 2.4 mn tons of wood pellets a year would distort the biomass market (currently about 15 mn tons)
which Drax says costs three times more than coal to burn

"This is the next step in the process for obtaining state aid approval and is in line with expectations," Drax said.

"New, clean technologies will only be sustainable at the scale we need if they are cheap enough. When costs come down, as they have in onshore wind and solar, so should support." Ms Rudd Energy Secretary

Then, oh, baby, oh! How my business did grow! Now chopping trees one at a time was too slow! So I promptly invented my Super-Axe-Hacker, which whacked off four trees in one smacker! We were making thneeds four times as fast as before! And my profits, incidentally, were soaring galore!

[robbo27] 22/12/2015 07:36

I think this may have found a level.Been wrong before though.(as the wife will attest).

[sportbilly1976] 16/12/2015 14:50

Bounce off the support today...clear downtrend in play though so only a matter of time before £2 get significantly tested

[rburtn] 16/12/2015 13:56

I don't think so either. The scape-goating of fossil fuel as originator of Climate Change is rotten science. The greenhouse gas myth is easily proven to be nonsense by even the most rudimentary understanding of science. Energy consumption just happens to correlate with the change. What also correlates is the increase in population. And the real cause is the replacement of lush meadowland with concrete and warehouses. Within ten minutes of a rainstorm an acre of warehouse is bone dry and the cold water is back in a river or culvert. An acre of meadow stores water, evaporates it, cools the surface, forms clouds, shades the surface, generates radiation at altitude and acts as counter to climatic change. It also supports transpiration and CO2 fixing by plants. We are destroying the regulator and the bosses of oil, gas and coal, and those promoting the panoply of propaganda chanting GHG, GHG, GHG must know it also.

[zcaprd7] 16/12/2015 13:23

DB don't think so...

[deanroberthunt] 11/12/2015 10:09

this is a dinosaur....

[zcaprd7] 11/12/2015 05:16

Interesting news on the wholesale pricing...

[boffster] 09/12/2015 14:21

Got to be a good sign that they've been able to negotiate a more favourable financing deal.

[leadingladies] 09/12/2015 10:03

Can see this share being shorted down to below £2 !! Very few ordinary trades all AT's !!

[rburtn] 08/12/2015 14:35

I am beginning to think shareholders of oil and coal companies should start legal action against the IPCC for promoting snake oil solutions to climate change at our expense. There is no way in which CO2 can heat the atmosphere as they pretend, its effect is miniscule compared with all the other forms in which solar radiation ends up warming the atmosphere. It also does not inhibit earth's natural process of self-regulation via evaporation, cloud formation, and reflection/re-radiation. Scientists who claim to be experts and support the GHG theory of climate change are charlatans.