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Igas Energy Share Chat (IGAS)



Share Price: 92.25Bid: 92.00Ask: 92.75Change: -1.75 (-1.86%)Faller - Igas Energy
Spread: 0.75Spread as %: 0.82%Open: 93.75High: 94.50Low: 92.00Yesterday’s Close: 94.00


Share Discussion for Igas Energy (IGAS)


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johncharles15
Posts: 433
Off Topic
Opinion:No Opinion
Price:92.25
View Thread (6)
RE: igas?
Today 12:07
another question,seeing as fracking really has no worse effect than other forms of mining ,where did the term fracking start ? was it the protesters who coined the term or the industry ,imo fracking just sounds well not nice if it was called say gas shale mining or something like that im sure the protests would be confined mostly to those it would have a direct impact on only.
 
bunnyboiler
Posts: 55
Off Topic
Opinion:Strong Buy
Price:92.25
View Thread (6)
RE: igas?
Today 11:43
Hi John,
Answer: It doesn't
In the UK we do get occassional land movement anyway associated with mining all the time, in general but it's so low on the scale its hardly ever mentioned in the press. With fracking, every possible risk is exposed by the anti-fracking brigade. When the press menion "Earthquake" Joe public imagine great caverns opening up in the middle of the road like something at Navada. When in reality, the richter scale is Logarimithic so a scale 5 is in fact 10 times the shaking amplitude of a scale 4 yet no earthquakes have been reported of this level.
I can tell you now, i would rather have a fracking pipeline in my area thats 2 miles underground and a few inches wide, collecting methane gas than a ruddy great coal mine 22 feet x 8 feet extracting coal 1,000 feet being dug directly under my house!
Hope this helps but imo risk of possible earthquake is not a risk factor worth the slightest consideration.
tanon
Posts: 12
Answer
Opinion:Weak Sell
Price:92.25
View Thread (6)
RE: igas?
Today 11:35
"If you tell a big enough lie and tell it frequently enough, it will be believed." So to is the lie that fracking will cause massive earthquakes. There is a lot of garbage on the internet on this subject but here is just one source that puts the issue into the proper context http://www.energyfromshale.org/environment/fracking-and-earthquakes
Vernony
Posts: 1,106
Observation
Opinion:No Opinion
Price:92.25
Cautious7
Today 11:33
Its basically true what you say. Regrettably the Green's are using fear and inventing dangers which do not exist in reality. The fundamental is that the Greens are against fosil fuels, the fears they put out are simply a means to that end. Can't see why Igas is going down still, but then the market can be illogical at times. There is absolutely no connection between Shale and Tescos , but some how they make the connection. The RNS re BM should be out this week
johncharles15
Posts: 433
Off Topic
Opinion:No Opinion
Price:92.75
View Thread (6)
igas?
Today 10:37
Why would fracking cause earthquakes ,say anymore than other forms of mining .is it just a scare or are there real reasons?
cautious7
Posts: 386
Off Topic
Opinion:Strong Sell
Price:93.00
View Thread (2)
RE: Strength of Greens in UK
Today 10:23
Good question and the answer is clear. The Green brigade has a mass of support from people worried about

The majority of people are against fracking and will remain so for the foreseeable future, There are legal challenges on the horizon re fracking permits. People are worried re massive lorries, mess, devaluations of property prices and earthquakes.

As always and I do take care to post this as often as I can but don't really need to as hardly anyone esle does, DYOR and only gamble money that you can afford to lose and not borrowed - ATB
cautious7
Posts: 386
Off Topic
Opinion:Strong Sell
Price:93.00
View Thread (2)
RE: c7 thanks again.
Today 10:11
Thank you, but no thanks required dear open minded investor.

My opinions are just that, opinions. However, my opinions are based on good research on my part and being born with the gift of being astute and not lead by those that shot the loudest.

I expected a bit of a climb today but down at the moment.

Short to mid term, the trend is sout no doubt abut that.

As you and others may be aware this SP is news driven, and there is no real news around the corner so SP will drift.

The costs of drilling are massive and any setback will be a big blow for the SP and it may never recover or take many yrs to recover.

The majority of people are against fracking and will remain so for the foreseeable future, There are legal challenges on the horizon re fracking permits. People are worried re massive lorries, mess, devaluations of property prices and earthquakes.

Then there is the golden question, is there enough shale gas there to exploit commercially, no one knows.

Even if al the obstacles were cleared in 10 to 15 yrs time and there was sufficent shale gas to exploit, investors will have a new concern - will the Americans be exporting cheaper shale gas? What will be the price of gas. Remember a slow down in world econoimes pushes down prices of oil and gas like of recent time. Not sure what the highs were of oil prices but think they were around 125 per barrel and recently close to 90 per barrel. There, even when things may have looked hopeful in 10 to 15 yrs time, a reductions in oil/gas prices may kill of fracking for good.

This is a very volatile share and many have come seriously unstuck and I may not even gamble at any price as the dead cat bounce I am waiting for may never happen.

Finally, I have real concerns about the directors not supporting the many, well less than what you had before investors in this SP, ie directors not buying on the new lows of 90p and I mean by supporting by buying at least 100k of shares and not the odd two thousand.

As always and I do take care to post this as often as I can but don't really need to as hardly anyone esle does, DYOR and only gamble money that you can afford to lose and not borrowed - ATB
tanon
Posts: 12
Observation
Opinion:Weak Sell
Price:94.00
View Thread (2)
Strength of Greens in UK
Sun 22:49
The biggest issue for me is the fanatical, ignorant greens and their associates, who ironically may further damage the environment by blocking csg. I have less feel for how strong these groups are in the UK versus the apparent support offered by the government at this point. In NSW the government was initially supportive and the courts ordered in favour of Dart but then the greens somehow managed to reverse the decisions at the political level and the industry was shutdown. What is the risk of a similar outcome in the UK? That is the big question.
cautious7
Posts: 386
Off Topic
Opinion:Strong Sell
Price:94.00
View Thread (3)
RE: C7
Sun 19:53
should have said profits
cautious7
Posts: 386
Off Topic
Opinion:Strong Sell
Price:94.00
View Thread (2)
RE: Cautious7 calling you out!
Sun 19:50
Hello TheGeko

Apologies as I have been away on a Business trip and only ret home a couple of hours ago.

About the challenge and thank you for doing this.

I am not just an astute person but very assertive as well. I only act when I want to and no one tells me what to do in the real world or the internet.

I did not make my money from gambling in dead beat shares but made it via hard work, wise spending, sound investments and the key to my success has been timing and doing something because I wanted to.

Igas is a volatile share and though I almost 100% certain re my predictions it is no 100% cert and therefore not prepared to do that and as yet have to long/short shares.

I'm sure I will get abuse for being honest and a good example of this is the poster that has just abused me even without giving me the chance to respond.

I see nothing postive in Igas for the foreseaable future and the trend remains south.

DYOR



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