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 | | From: | Don Libby | | Subject: | Brit nukes are back | | Date: | Mon, 17 Jan 2005 19:45:41 -0600 |
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 | British Energy Group (BGY.YY) resumed trading on the London exchange today
after a 2-year hiatus. Share prices are quite low, and (extrapolating the
one-day trend) heading lower. Contrarians and very long-term investors can
get in on the ground floor of the European nuclear revival over the coming
decades, to be driven by high and rising natural gas prices, fuel tax levies
for social medicine and pensions, and Kyoto target obligations.
-dl
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| | From: | Alex Terrell | | Subject: | Re: Brit nukes are back | | Date: | 18 Jan 2005 05:09:46 -0800 |
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| Not sure if that was tongue in cheek, but you do have a point. Britain
and Germany will at some point realise that if they want to cut CO2
emissions, they will need nuclear power stations. This is especially
the case in Britain, as there is no strategy in place for replacing the
Magnox reactors when phased out.
However, will this beneift BGY? A bigger benificiary might be
BNFL/Westinghouse, who could sell their advanced designs to just about
anyone with a deep wallet, which rather puts BGY at a disadvantage.
I believe though that BNFL is still state owned? Correct me please if
I'm wrong.
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