AGL's warm glow

The energy stock’s spread of gas and electricity assets means it is well positioned for growth.

AGL Energy paid a high price for disappointing investment banks last month when it suffered a mini share-price collapse after downgrading its profit outlook to less than what the banks had forecast. This created the perfect opening to buy Australia’s best-placed participant in the gas and electricity market.

From a high of $15.68 the day before the October 23 annual meeting and profit guidance announcement, AGL fell by 5.7% to as low as $14.83 when a projected profit of between $560 million and $610 million was revealed.


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