Please read:
"OTTAWA, Nov 30 (Reuters) - Canada's federal
government will provide a loan guarantee of up to C$6.3 billion ($6.3
billion) for Lower Churchill River hydro-electric projects in Labrador
in a move that could cut the cost of power to residents of two Atlantic
provinces.
The loan guarantee, announced by Prime Minister Stephen
Harper on Friday, is intended to give new impetus to the long-stalled
Muskrat Falls hydro-electric generation station near the Quebec border
in Labrador and to three transmission projects.
The loan allows
the project proponents to seek financing at lower costs, eventually
making electricity cheaper for residents of the provinces of
Newfoundland and Labrador, and Nova Scotia.
"The federal loan
guarantee will lower the costs of borrowing for the proponents, with
projected savings of over a billion dollars for ratepayers in
Newfoundland and Labrador and Nova Scotia," Harper's office said in a
statement.
The guarantee, which Harper promised in the 2011
federal election campaign, will remain valid for 35 to 40 years. The
term sheet for the deal was signed by Ottawa, the premiers of
Newfoundland and Labrador and Nova Scotia and by the two energy
companies involved.
Newfoundland and Labrador has been looking
since the 1970s at harnessing the Lower Churchill River, which can
produce more power than the province needs, but it did not start active
development until the last decade.
In November 2010, Newfoundland
government-owned Nalcor Energy and Nova Scotia-based Emera Inc announced
plans to develop the 824-megawatt Muskrat Falls plant and related
transmission lines.
The estimated cost of the projects is C$7.4
billion. Muskrat Falls is expected to start operations in mid-2017,
generating 4.9 million megawatt-hours (MWh) annually.
Nalcor will
build and own 100 percent of Muskrat Falls and will also build one of
the transmission lines through a joint venture with Emera.
It
will build the Lower Churchill project in two phases, the first at
Muskrat Falls and the second 2,250-MW phase at Gull Island.
The cheap and clean power produced at Muskrat Falls could also attract buyers in New England.
The
project plays into a longstanding dispute between Newfoundland and
Quebec over energy development on the Churchill River. The dispute
spurred Newfoundland and Nova Scotia to become partners to find a way to
deliver power to other markets while bypassing Quebec.
Quebec's
new separatist government immediately criticized the loan guarantee,
saying Ottawa was giving preferential treatment to one region.
The
federal government said the Muskrat Falls facility would reduce up to
4.5 million tonnes of greenhouse gas emissions annually."
Don't be left behind. Invest NOW in Emera Inc. (EMA). The deal with go through the little f@ckers of Quebeckers cannot do ANYTHING to stop this. God will protect us. May Quebeckers who try to stop this burn in HELL.
This is soooo exciting! HOT HOT HOT.
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14 comments:
If you're going to quote something verbatim, you should at least provide a reference for all that quoted text to give the author due credit.
It say its right on top, its Reuters.
Hi Sunny,
From your post it seems like you are a big fan of Emera. Perhaps you should consilidate some of your stocks and add to your position if you really believe in Emera's prospects going forward. I've owned Emera since 2008. I've averaged in at around the $25 dollar-$32 mark and of course it was paying only a 22 cent dividend. It'll give you something to do during your x-mas break.
MArk
Emera is a safe stock as people are going to need more and more electricity to power their lives. That being said, there expenses are going to be high as it is a utility. Therefore this affects the growth rate of their dividend. Hopefully Muskrat Falls means some more cashflow.
I own Emera for 2 years now.
Sunny, for the past 5 days I haven't been able to see the new comments on the right side of the screen, it says
"There was an error in this gadget"
are you able to fix it or is it a problem with my computer?
Did you get the shareholder voting paper in the mail from HRX?
Meeting is in Montreal, OMNI Mont Royal Hotel 1050 Sherbrooke Street West 10 AM December 18
Are you going to go?
Can you slip out of work for a little while?
early lunch?
looooooong washroom break?
disappear and then say you got sick??
They will probably have coffee and donuts and you can find out about the divy because it sounds like they want to "adopt a special resolution"
LOL Pattirose, you are a funny girl.
I really cannot go. I begin work at 9:30 I am still under probation. I have received the paper but I don't understand it.
And sorry about the gadget. It was working before but now it doesn't work, the gadget code is broken, so I completely remove it. Its not your computer.
Who was that guy that posted before (one of your anonymous commenters) about HRX?? He seemed to understand everything, maybe he would be so kind as to explain what they are talking about because I don't understand it either.
It sounds like they want to give the special dividend to shareholders as of Nov 20, not December 19 ??
I am one of a few anonymous that posted about HRX. To make it simple, you shouldn't invest in things you don't understand. As far as the dividend, you need to hold the stock on Dec 19 to be eligible for the dividend. I predict the share price will drop by 5$ and more on dec 20, depending on how many people try to sell after they are eligible for the dividend.
Basically, the company is telling you we don't have anywhere to invest the money to grow our company so we'll give the money to the shareholders. That's ok, but on the stock market, share price rises when companies grows.
Anonymous, if you collected the dividend from this company , what would your chances be to sell before the stock dropped, am curious as there are over a 100 companies giving special dividends before the end of the year..hope Apple does...not likely.
Let's put it this way, would you you be ready to pay that stock that just paid 5$ dividend. I know I wouldn't want to buy that stock unless it's at least 5$ lower if not more. So I expect lots of people wanting to sell after the dividend but not many buyers but a few clueless one.
Check the closing share price of Costco on Dec 5 the last day for the 7$ dividend and than check the open price on dec 6 after the dividend date. That will give you an idea of what to expect.
The accountant
Fortis (FTS) versus Emera (EMA) Fortis has a better valuation going forward. Emera is a little pricey. If you are going to buy, wait for a dip.
Fortis (FTS) versus Emera (EMA) Fortis has a better valuation going forward. Emera looks a little pricey right now. Hydro project will take a long time to develop before rewards are reaped. If you just want dividend, wait for a dip. Otherwise FTS = nicer.
I'm buying FTS for my TSFA
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