Drax Share Discussion Threads

[nick rubens] 27/2/2020 11:14

Decent Results, sustainable dividend, bucking the ftse 250 fall today. Reckon some new broker notes will come out with buys reiterated.

[castleford tiger] 27/2/2020 09:39

COMING OUT of coal completely

tiger

[uhound] 26/2/2020 13:55

Anyone have any thought on how DRX results will be received tomorrow?

[zcaprd7] 18/2/2020 18:33

https://www.vox.com/2020/2/18/21128205/climate-change-japan-coal-energy-emissions-pikachu

[trader2] 03/2/2020 07:53

DRX has the ability to guarantee delivery - whereas wind and solar don't. You hope this is reflected in the price they get in the Capacity Market.

[salpara111] 31/1/2020 10:39

Difficult one, I have been tempted to take a stake here. Real world says that we will need these sort of Gas plants until we get a step change in energy storage technology. However sentiment and regulation are always going to be against this sort of business.
I am tempted to take a small stake primarily due to the recent weakness and the pretty decent covered divi.

[patientcapital] 30/1/2020 22:17

I read today that the government is being sued by some climate people for approving the new gas fired power station which apparently will be responsible for 75% of the UK energy sector's total emissions.

[zcaprd7] 16/12/2019 22:03

https://www.theguardian.com/environment/2019/dec/16/converting-coal-plants-to-biomass-could-fuel-climate-crisis-scientists-warn

[scotches] 21/11/2019 13:52

Will Gardiner, Drax Group CEO said:

“Drax’s purpose is to enable a zero-carbon lower cost energy future. We believe sustainable biomass has a long-term critical role to play. That’s why we plan to supply 80 percent of our biomass from our own sources – a significant increase on the 20 percent we currently self-supply. Supplying more of our own biomass will cut costs and reduce supply chain risks, ensuring our biomass power generation remains viable in the long term. When combined with carbon capture it will also enable negative emissions, helping the UK on its path to net zero by 2050.”

[scotches] 05/11/2019 19:59

FT Oct 28

HSBC upgraded Drax, the power station owner, from “hold” to “buy” with a 360p target price.

The upgrade came after the European Commission last week confirmed that a UK power capacity market scheme complied with EU state rules. The European Court of Justice had ordered the suspension of the capacity market in mid November to review its legality. Companies that missed out on historical payments would be refunded, the UK government said.

“This is a significant reduction in 2019 earnings uncertainty for Drax,” said HSBC. The £75m of 2019 capacity payments due to the company compared with an operating earnings target of about £410m, the broker said. The return of the capacity market would also clear the fog around Drax’s expansion plans, in particular whether a new fleet of gas-fired turbines would be economic, it added.

[trader2] 25/10/2019 06:28

UK power generators are set for a £1bn Christmas bonus after the European Commission ruled on Thursday that the country’s controversial electricity back-up system did not break EU state aid rules.

[jdung] 09/10/2019 10:02

any news? why down again at today ?

[minerve 2] 07/10/2019 17:49

"But in a letter, Andrea Leadsom, Secretary for Business, Energy and Industrial Strategy, said the other projects might not go ahead."

It would be nice to know what these projects are.

[minerve 2] 07/10/2019 17:40

Drax: Block on power station development overruled

[123gmtrader] 07/10/2019 08:48

Back to £4 once official confirmation is given for the funding.

[jen36] 04/10/2019 15:05

Whats the news?

[minerve 2] 04/10/2019 14:59

Thanks scotches. :)

[minerve 2] 04/10/2019 14:27

Is the ruling due out with positive news??????

[1he patriot] 04/10/2019 14:26

maybe technical bounce?

something been leaked

[1he patriot] 04/10/2019 14:24

what happened here?

[minerve 2] 04/10/2019 14:22

Hello, have I missed something?