Pacific Energy switches on

Chris Stott

Portfolio Manager

On Tuesday, power generation company Pacific Energy Limited (ASX: PEA) announced it had won a contract to build, own and operate an 11MW power station for Altura Mining Limited (ASX: AJM). The company said that the new capacity on the project, along with several recent expansions had seen group contracted capacity exceed 278MW. We see potential for further material contract wins in the coming months and believe that the growth prospects for Pacific Energy are undervalued by the market. Shares in Pacific Energy closed up 6.0% for the week. We own Pacific Energy as a research-driven investment in WAM Capital and WAM Research.


MORE ON



Chris was the Chief Investment Officer of Wilson Asset Management, having joined the company in 2006. He was also the Portfolio Manager responsible for WAM Capital (ASX:WAM), WAM Research (ASX:WAX), WAM Active (ASX:WAA) and WAM MicroCap (ASX:WMI).

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.