GNE - Genesis Energy

[xafalcon]

Quite Trumpesk post - very sad. You start with a collection of common places (which don't help to support your argument), forget to even mention any realistic alternative and continue with a number of unproven statements hiding under your first mentioned common places. Your "skills" might be useful for the GoP. I hear they have a vacancy ...

Just wondering what you mean with the four letters "F-a-c-t" you spread so liberally over you condescending post? Are you using alternative facts?

Clearly - you can't mean "a thing that is known or proved to be true.", given that some of the lines marked with "fact" are clearly wrong, while most of the others are irrelevant for your argument.

As an absolute and unmodified statement this is not a fact, but plain wrong. Solar (as other renewables) got cheaper over time and in 2021 solar was called by somebody the cheapest renewable source of energy ... however - nobody (not even you) is able to predict how this looks next year or in a decade or two ... and yes, there are the non renewables as well.

At that stage wind, geothermal or generating electricity from waves and the tide might be cheaper.

The future price will depend on a lot of factors we can't control (like development of technology, sourcing of rare earths).

Lets face it ... while these (and many of your other) statements are highly condescending, they don't add anything to your argument (in case you have one). BTW - Ever head about power transmission? The sun shines always somewhere ...

But lets look at your last three facts:

Quite non-sensical comparison. Show me a study where they looked at sensible alternatives (like e.g. hydrogen - storage) and compare investment, maintenance costs and environmental costs for say the next one hundred years (typical life for a storage lake).

Ever looked into hydrogen? Did you?

As indicated - the comparison with batteries is non sense, and your claim (not fact) about the long term storage is plain untrue. If you don't use the water in your storage lake, it won't be there forever and it might disappear (leak) faster than from a battery. This is what water does - it disappears in the ground (leakage) and into the air (evaporation). Ask a scientist ;

Your last fact again is quite non sensical. Of course you need to compare comparable investment cycles, and some possible solutions will need a very high up front investment (like hydro storage or geothermal) and others (like hydrogen storage) will need less of that. We got your quasi religious statements for Lake Onslow without you providing any evidence at all.

Do you want to show us a comprehensive comparison including at least geothermal, including hydrogen technology, including decentralised power storage (like e.g. in EV batteries) .... ?

Did you ever look at a risk assessment and thought about what it means to put all your eggs into one hydro storage lake? Just tell us, what a nice little earth quake would do to your hundred year investment?

Quite funny that you want to teach me the scientific method. Allow me to give you at least one hint: It has nothing to do with blind faith ... but lots to do with thinking, considering alternatives, sharing relevant facts and getting them reviewed.

You want to show us that you can do better?

Sad reply, full of rubbish and untruths. You have simply illustrated your lack of knowledge and understanding

GNE market announcement yesterday reinforces my comments and destroys yours !!!

PS. Insults don't make you correct

[winner (n)]

Well done Genesis

Wellington Curtain Bank has received the best start to 2023 ever – a $15,000 donation from the amazing team at Genesis Energy!

This gets us closer to our goal of $150,000, ensuring that we can continue to help Wellington families in need. Find out more: wellington-curtain-bank.raisely.com

[Plata]

Always nice when companies donate our money to charity for us isn't it winner? You would think they would donate $15k retail price worth of power, that way the headline is the same but the true cost is much less. On to the solar, I am glad to see them finally make a move and think it will synergise well with their existing assets, especially the 50 MW peaker at huntley. I am ever so slightly concerned at just how much capacity is under development/consideration right now, technological progress/uptake is a hard thing to predict and it has a strong influence on national power consumption trends. Lets hope not too many people are overestimating power consumption growth when making the final call on all these upcoming power stations.

[Shareguy]

Fbar latest. Expecting upgrade

Outlook commentary should be positive from GNE and MCY, less so from CEN
We were a little surprised that neither GNE or MCY upgraded FY23 guidance when releasing their 2Q23 operating statistics given the record hydro conditions. With another strong operating month behind both of them, and firming wholesale electricity prices (low prices were an issue in 3Q23) we expect positive outlook commentary from both companies and a guidance upgrade is a strong possibility.

Price slowly on the up.

[Basil]

Phenomenal amount of rain in recent weeks and months.   Don't think much coal will be burned anytime soon lol

[xafalcon]

Fbar latest. Expecting upgrade

Outlook commentary should be positive from GNE and MCY, less so from CEN
We were a little surprised that neither GNE or MCY upgraded FY23 guidance when releasing their 2Q23 operating statistics given the record hydro conditions. With another strong operating month behind both of them, and firming wholesale electricity prices (low prices were an issue in 3Q23) we expect positive outlook commentary from both companies and a guidance upgrade is a strong possibility.

Price slowly on the up.

Yes, I see plenty of reasons for SP to continue rising.

Massive rainfall, with more to come by the sound of it. All lowering the generation cost/MWh

Increasing customer numbers

EV plan tied up with Chargenet, by far and away the biggest EV charging network in NZ

Interest rates peaking, then declining

Monday fortnight should be a good day

[Shareguy]

https://www.odt.co.nz/regions/central-otago/cyclone-may-impact-fate-lake-onslow

[lorraina]

Tunnels here there and everywhere.
How to take a $7 bil project to $20 bil..?

[Basil]

Central and local Govt have a gargantuan sized job to fix the infrastructure damaged by the Cyclone.
It's time to leave the nice to have but non essential projects on the shelf where they belong.

[Shareguy]

So we have Rio Tinto promoting green Aluminium. I don't think NZAS is going to close anytime soon.

https://www.aumanufacturing.com.au/rio-to-supply-its-first-export-green-aluminium-the-green-future-is-here

[xafalcon]

So we have Rio Tinto promoting green Aluminium. I don't think NZAS is going to close anytime soon.

https://www.aumanufacturing.com.au/rio-to-supply-its-first-export-green-aluminium-the-green-future-is-here

Sounds likely they will stay, but will depend on electricity pricing. Rio also has a 100% renewable electricity aluminium smelter in Iceland, so Tiwai isn't the one and only

But the green revolution is something that is real and growing. NZ should leverage the renewable electricity as a commercial advantage for power hungry industry to locate into the south island. I have been saying this for some time

I also think Lake Onslow would be a huge net benefit to NZ Inc, and neutral to the generators (beyond the initial shock period). GNE should be ideally placed to negotiate a very nice deal with the government

[Basil]

https://www.nzherald.co.nz/business/genesis-completes-biomass-trial-for-huntly/5PVBCVC47RASTHBEP5KOHNP4CM/

Looks encouraging.

[Shareguy]

https://www.nzherald.co.nz/business/genesis-completes-biomass-trial-for-huntly/5PVBCVC47RASTHBEP5KOHNP4CM/

Looks encouraging.

Great news. Fontera and others will be interested in this.

[Perky]

It's good they trying things. The sooner we ditch coal the better.
This bit in stuff article was a bit of a negative on the trial.

While the pellets contain a similar amount of energy to coal, Huntly had to use roughly 25% more wood to achieve the same amount of electricity generation.

I reckon gas would be a better transition fuel for nz and the electricity grid.
I read in the Uk they will eventually try to use hydrogen for heating their boilers instead of gas from around 2026.

That would be a good path for NZ if hydrogen could become commercially viable
Rather than ditch our gas infrastructure


I own some santos shares on asx. They seem to be selling plenty of gas going off their report today.

[Shareguy]

More good news....maybe

From FB today

We also expect Port of Tauranga (POT) will be removed from the S&P/NZX 20 index as it has failed the liquidity requirements. We pick that Genesis Energy (GNE) will replace POT. Official outcomes of the review will be announced close of market, Friday, 3 March 2023, with an effective date close of market Friday, 17 March 2023