The bulls and the bears among energy stocks

The bulls and the bears among energy stocks
Contact is the analysts' sweetheart stock. (Image: NZME)
Ian Llewellyn
Analysts are bullish on most energy stocks in the short term, partly due to price increases.Forsyth Barr noted that June 2024 was notable for the first dip in electricity demand in eight months.This drop is not widely considered a trend away from a pattern of growing demand after years of stagnancy.It was in part due to the Tiwai Point aluminium smelter reducing demand at Meridian's request as hydro lake levels fell.A strong operating monthThe 4% month-on-month fall could also be due to May being colder than usual and two public holidays in...

More Markets

NZ sharemarket flat, on track for monthly return of over 5%
Markets Market close

NZ sharemarket flat, on track for monthly return of over 5%

The S&P/NZX 50 Index closed at 12,329.44, up 37.41 points or 0.3%.

'Show of faith': Santana Minerals achieves NZX listing
Markets

'Show of faith': Santana Minerals achieves NZX listing

The gold mining company is the second new listing on the NZX since 2023.

Global shares dip as 'Trump trade' undermines assets
Markets Market wrap

Global shares dip as 'Trump trade' undermines assets

World stocks have fallen slightly.

AAP 7:40am
Retirement sector struggling to keep lid on debt
Markets

Retirement sector struggling to keep lid on debt

Jarden estimates debt at the five large operators has risen fivefold since 2017.