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zendoc1love
Solar Investors-
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Everything posted by zendoc1love
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Interesting
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Yes, Odyd. My mother and a good friend bothpassed away recently and I haven't been spending near the amount of time following the solar space lately. I try to check in to assess everyone's view point, but haven't had the wherewithal to contribute much.
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Good move. GLBL bonds suggest solvency.
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When were you looking?
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Yes. It seems like this is Tepper's fight. And he doesn't start things just to start them. This is going to make a great movie or book, but I'm still wondering about the ending
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Wow! What a drama
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My thought is they aren't close to ready. They have put devco on hold from lack of liquidity
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Ok. Got it. So you think $392 million of immediately operational assets?
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Ultimately Banks may force the obligation commitments on TERP to buy $580M in assets from SUNE. Where are you getting this value from? Are these completed assets? If they are not completed (as many of the assets that SUNE may claim to have right now because of their liquidity constraint not allowing them to be finished) then the value would be nowhere near $580 million. Selling not completed assets would not be at arms length. I think that SUNE will have trouble from the Indian assets sold to GLBL.
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I think that both Tepper and the parties who have their loans guaranteed by shares in the Yieldcos will look after TERP and SUNE. A post of mine from SA article: Who will protect the Yieldcos? I think that Tepper has shown obviously that he will do what needs to be done to protect TERP. He has, however, asked that a number of people leave the organizations including Wuebbels and Blackmore as they have been hand selected by SUNE. I see this latest move as a way to protect the court of public opinion perhaps foisted on the yieldcos by the DIP negotiations that are purported occurring. Shares of the yieldcos have been used to guarantee loans and the parties who have given these large loans know that the yieldcos are one of the only remaining sources of equity in the entire SUNE complex. I think that these parties have a vested interested in optimizing the equity available to them.
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Tepper continuing his activism is huge for me. It assures me. I would hope that SUNE files 10 k or declares bankruptcy soon so that the Yieldcos can be built up from within, but one never knows with SUNE
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Tepper calling for rearrangement of SUNE self serving conflicts committee
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TERP is still a good value at these levels. Might dip short term but medium to long term it's pretty solid
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I guess I'm a TERP and GLBL bag holder unfortunately.
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Why doesn't SUNE do something? Anything? If they know enough to discuss DIP then they could announce a dividend for TERP. This is ridiculous
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Odyd,. What makes you feel that the Yieldcos are getting abused? I'm not sure I follow this. Thanks in advance
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Good call on TERP Odyd
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Pattern Energy Group Inc. (PEGI)
zendoc1love replied to odyd's topic in Pattern Energy Group Inc. (PEGI)
I think I will dip into PEGI. I'm pretty intrigued. The link that you gave of th ER said quite a bit. No IDR. Private company that drops down to them. Lots of wind. And best of all NO drama -
Good question. They have different relationships is my thought. As well as there has been more scrutiny with TERP. Though, I'm not completely satisfied with my answer
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They can't accurately figure out the 10k and dividend because of convoluted complex financial wizardry/shenanigans.
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Audit of TERP/SUNE may reveal and elucidate the incestuous relationship between parent/child and force the issue of more independent governing in my opinion. Audit concerns being brought on by administration in the same time frame that TERP governance issues overlap is not just a coincidence IMO. The "whistleblower" administrator must likely had an audience with Tepper and Appaloosa probably aware of these concerns in the audit. Would like to talk with Tepper. "We don't start things to start things". I don't think SUNE is playing games to withhold dividend but is attempting to unravel complex financial engineering schemes. My bet is that TERP autonomy will be better after this. I don't understand the pps dislocation between the two , but my thesis is unchanged at this point.
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Did not sell. Can't assess the situation at this point. I wonder if this will give Tepper any more credibility to get TERP more independence? SUNE screwed the pooch but has not had much downside today. Don't understand the action
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Not happy with this. Im not sure I want to deal with this any more. its turned into a S$&t show
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It has to be filed by 5:30 for the SEC to recognize it today. They screwed the pooch. I might not have what it takes to continue to hold onto any SUNE companies anymore. Not even a word from them. Ridiculous.
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I think that TERP will report, but it is concerning that they don't give any information on it. I don't expect any surprises. I think that SUNE will report but I am afraid that they may crap the bed that TERP and GLBL are sleeping in as well.