AGL - Down, Not Out. Tight Coal Vs FIDs. And MCB Waiting
AGL has lost a bit of its froth and that is a good thing. In August and Sep we get more visibility, but European winter and lack of nationwide consensus on new transition means MCB will likely wait. In the last six weeks, AGL Energy Ltd (AGL AU) has fallen and is now at the low end of its post-Brookfield bid trading range. Now below the A$8.25 bid. AGL has one generator down - the Loy Yang A Unit 2 - which will be back in late Sep. Guidance is left... unguided. There will be a related loss. In the meantime, the rest of the producing assets have probably been having a field day. But given shareholder structure, we're still in limbo. Full analysis here:- https://www.smartkarma.com/insights/agl-down-not-out-tight-coal-vs-fids-and-mcb-waiting?utm_source=tiger_community By Travis Lundy, Insig