LGCs are justified as putting value on energy generated from clean and renewable sources (as opposed to energy generated from dirty coal). On top of wholesale prices this is very nice cream on a very large cake for IFN (of which I have bought more slices today).
When management finally announce the agreement of a new credit facility (which will have a lower interest rate and get rid of the cash sweep requirement on the current debt which is restricting dividend payments) this will be worth $1.30+.
IFN Price at posting:
74.3¢ Sentiment: Buy Disclosure: Held
