Nice to see I have lot of friends here... but looks like Moody placed Centrica on review for downgrade.. Dont know how much it will impact the share price before the result. I hope oil price continue to move higher helping centrica to follow the trend.
12 months ago I bought in @320 then averaged down before Christmas to 270 i like a lot of punters on this share am down a fortune , i've got to stay in for the long haul or take the loss, Lets hope it's bottomed
Yes but the political risk I was talking about is 'characterised by widespread animosity to the activities of the energy market in general and the 'Big Six' in particular. Media narrative on the energy market is punctuated by threats about re- nationalisation and the enforced break up of big companies. ' And why would plitical risk be affected by the reduction in oil price? Surely this is a financial risk?
Holding will be the best option as now British gas is the cheapest compared to other suppliers after further reduction of gas prices by 5.1%. So one can expect they will win lot more customers in the coming years..
I hope we have seen the bottom price at 182.50 today but I am hoping that centrica wont go down further when market consolidates again in the future.
I am holding still as I dont have choice as if I sell it might have been the bottom price as always happened to me in the past.
The political risk has declined in view of the price cuts that have occurred... due to the over supply of gas and falling wholesale prices. CNA is doing what everyone is doing ....cutting capex,reducing operating costs and working on boosting cash flow. It has high debt but its debt payments are under control and manageable in view of the current very low interest rates.
It is trying to reorganise its business and sell non core assets but those assets wont get good prices in this oil and gas market.
It is going to be a a mid to long term recovery...it operates in a very competitive market
When the market turns there are plenty of better recovery stocks to earn money from than in CNA
Not really, but it depends on what your horizon is for 'ahead'. CNA has lots of debt and exists in a politically risky environment characterised by widespread animosity to the activities of the energy market in general and the 'Big Six' in particular. Media narrative on the energy market is punctuated by threats about re- nationalisation and the enforced break up of big companies. Additionally, oil price volatility hits CNA's bottom line directly and there is no sign that this volatility will end soon. My guess would be that when oil prices stabilise, the general price at which CNA will exist will be much lower than it was 12- 18 months ago, which is ok if you bought in over the last couple of weeks but dire for longer- term holders.
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