Shorting SO @ $54.21
2% position
After buying Sempra, I need a short to keep net exposure unchanged. So I'll short Southern Company.
Southern is a traditional, vertically-integrated utility that operates mostly in the US south. They have huge power plant projects that carry tons of regulatory risk. They operate in tough jurisdictions. And tend to be a fairly acquisitive company. So it's a pretty clean short, in my opinion.
2% position
After buying Sempra, I need a short to keep net exposure unchanged. So I'll short Southern Company.
Southern is a traditional, vertically-integrated utility that operates mostly in the US south. They have huge power plant projects that carry tons of regulatory risk. They operate in tough jurisdictions. And tend to be a fairly acquisitive company. So it's a pretty clean short, in my opinion.
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