Not in here yet looking to though, had some round the £1 mark not so long ago, made a small profit and got out, got 50k to invest, thought of buying 10k at this price, if they go abit lower buy some more, comments anyone please?
Just splitting hairs here, but if Cuadrila go in for water recycling, the actual work will be given to a specialised contractor.
For information, and in general terms, oil companies do what may seem to be doing remarkably little when drilling a well. They will plan, design, organise, finance and supervise the project, but 95% of the actual work is performed by third-party service companies. On a site with about 60 personnel involved, only a handful are from the oil company: a company rep (the supervisor), his assistant (who generally works nights), maybe a safety officer, maybe someone handling materials tracking and logistics, and that's usually it. Of course the operative phrase is 'seem to be...'!
On a side-note:- "Optimal Payments released a trading statement in which it said it expects financial results for 2014 to be at least in line with expectations. He said it is [Leonoff's] "absolute intention" to repay the loan when it falls due. [It] said strong trading from the first half has continued into the second, with... "good" revenue growth and profitability... Optimal Payments shares were *UP* 4.4% at 334.05 pence on Monday." - now THAT, Igas, is how you release an RNS about Equity First!
But to get to the differences between IGAS and QPP. Just look at all the underlying problems QPP has; 1) Quindell went to hedge funds to get more equity after "failing to interest banks in a deal". 2) Quindell's application to move into the FTSE was rejected and has never been fully explained. 3) Canaccord resigns as their financial advisor - (unheard of, non?!) 4) Canaccord resigned on 21 October but Quindell failed to inform the market for almost a month!
Igas has none of this shady, underhandness going on. It is an open, transparent company that just needs to sink a few wells and get some results... and it only NEEDS to in order to protect itself from the constant shorting attacks it has been put under.
So the reason that QPP is 55p or so I can fully understand. Igas at 55p however is massively undersold.
Just recommended your post. That said, this is one of the biggest let downs in my portfolio. I'm not a ramper or de-ramper, but I just do not understand why this have dropped over 50% since I invested. The drop means that the price has to increase by 100% just for me to get back where I was. I do have other poor investments, but they are all in risky little companies. I though Igas were a solid bet, but alas, I'm wrong again. It's back to blue chip for me.
Recycling of water is yet another industry that will benefit significantly from UK shale gas exploration. Not sure Cuadrilla need to look at own recycling, imo it would be better to focus on the main business and simply licence it out for now and they can always acquire a water recycling business further down the road?
With so many financial benefits to the UK, George Osbourne is right to be fully supportive of the industry. I think even if labour get back in they will also be pro-fracking. You cant ignore the commecial advantage, the employment advantage and all of the other industry benefits that fracking brings to the UK.
Whilst Shale gas may not replace all imported gas, it will still be a positive net contributor to energy reserves in the UK not to mention help support and create over 64,500 Jobs in shale gas exploration and its supply chain - We just cant ignore this fact.
We are still on the cusp of a shale gas revolution in the UK, its simply a matter of time.
Im afraid the reporter was a bit blinkered on that when he says that Shale gas may not lower energy prices in the UK. In fact Shale gas/oil has already lowered energy prices (oil) in the UK and across the whole world too, and gas is linked to oil price. I think he is looking nationally, instead of globally
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