Jeff Grant's questions to Hallador Energy Co (HNRG) leadership • Q4 2024
Question
Jeff Grant from Alliance Global Partners asked about the major risks to finalizing the data center agreement and sought details on the company's criteria, or "buy box," for acquiring other power assets, including the importance of controlling the fuel supply.
Answer
CEO Brent Bilsland identified timing as a key variable but expressed confidence due to increasing power demand and the necessity of accredited capacity, which Hallador possesses. He highlighted the exclusivity period ending in early June as the best indicator of timing. Regarding acquisitions, Bilsland explained that the company evaluates both coal and gas assets on a case-by-case basis across different markets. He noted that while controlling fuel supply is an advantage, as with their current vertically integrated model, it is not a mandatory requirement for future deals.