Author Archive: Trista Rose

Analyst Trista Rose has worked for investment banks in London, New York and Sydney and was part of the proprietary trading team at Macquarie bank. Trista has degrees from the University of Queensland, University of Oxford and is now pursuing a Master’s in Sustainability at University of Sydney.

IEEFA: Dalrymple Bay Infrastructure overvalued, overleveraged, over-promised, likely to under-deliver

Stock market listing slated for 8 December

Coal port operator Dalrymple Bay Infrastructure (DBI) will commence trading on the Australian Stock Exchange (ASX) on Tuesday 8 December. Under the offer, present owner Brookfield Asset Management (Brookfield) is seeking to raise at least A$656 million, equating to a market value (for 100% of the equity) of A$1.3 billion. If defensible, the valuation would […]

December 7, 2020 Read More →

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker

19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]

IEEFA update: Dalrymple’s potential stock market debut

A coal terminal carrying a heavy debt load and increasing climate risks

Preparations to float Dalrymple Bay Coal Terminal (DBCT) on the Australian Stock Exchange appear to be heating up, with a potential listing date slated for the fourth quarter of this year. Initially marketed to private buyers, plans to sell DBCT located at Hay Point on Central Queensland’s coast were shelved in early 2020 after present […]

October 19, 2020 Read More →

IEEFA: American vulture funds prepare to feast on Australia’s Bluewaters Coal Power Station

Western Australia needs a formal transition plan to meet its 2035 thermal coal exit date

Elliott Management Corporation, the infamous U.S. based vulture fund manager, has hired law firm Corrs Chambers Westgarth “to control the destiny of the Bluewaters Power Station”. Advisory and investment firm KordaMentha has also been reportedly retained by other debtholders to restructure the troubled company.  The 466 megawatt (MW) Bluewaters Power Station is jointly owned by […]

September 4, 2020 Read More →