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Credit Suisse casts doubt over AGL's Gloucester Gas Project

PostPosted: Fri Aug 01, 2014 1:03 pm
by HVPA_research
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Credit Suisse casts doubt over AGL's Gloucester Gas Project
http://www.gloucesteradvocate.com.au/story/2455780/credit-suisse-casts-doubt-over-agls-gloucester-gas-project/?cs=435

GLOBAL brokerage firm Credit Suisse says opposition to AGL’s Gloucester Gas project could delay the Waukivory Pilot Project and weaken the energy company’s profits.

In its July market update, Credit Suisse attributed just $88 million in value to the Gloucester Gas Project out of a $347.5 million book value, due to delay risks.

AGL’s retail arm could also be exposed to campaigns by activists that trigger customer losses, the broker said, keeping a ‘neutral’ recommendation on the company’s stock.


Copy of the original Credit Suisse report can be found here http://huntervalleyprotectionalliance.com/pdf/AGL_CREDIT-SUIS_Rule-change-positive-%20risks-remain.pdf