Maxim Power (MXG) in McElvaine Value Fund 2020 Q4

Transition to Natural Gas and Strategic Flexibility

Jul 09, 2025

Summary

Investment rationale: Transition to natural gas reduces costs and emissions.
Market positioning: Operates a 204 MW power plant in Alberta.
Risks and challenges: Regulatory changes and market demand fluctuations.
Recent performance: Significant reduction in CO2 emissions and cost structure.
Future outlook: Potential for debt reduction and strategic project expansions.

Maxim Power (MXG, Financial) was featured in the McElvaine Value Fund 2020 Q4 letter, representing 9% of net assets. The fund manager, Tim McElvaine, discussed Maxim's strategic transition from coal to natural gas, significantly reducing its cost structure and CO2 emissions, positioning the company for future growth and flexibility.

"Maxim Power operates a 204 MW simple cycle power plant located in Alberta. (A simple cycle plant operates on a standby basis and produces power only when rates are attractive). 2020 was significant for Maxim as prior to June, Maxim’s facility had been coal powered. It is now natural gas powered. This significantly reduced both their cost structure and of course their CO2 emissions." — Tim McElvaine, McElvaine Value Fund, Q4 2020 Fund Letter

Read full letter at gurufocus McElvaine Value Fund 2020 Q4 page.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.