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Thanks Hasiba. Interesting picks. Bit too risky for my tastes.
Hi Rangor..
I bought ITM and AFC a while ago ....but not adding more now but holding as they both had a good run..
I missed CWR but waiting for a dip and rethink again though not sure if a significant dip will take place very soon!
Dyor as always
Great comments, thanks guys.
Hydrogen fuel is very interesting, and I'd like to know which companies you've been looking as Hasiba or anyone else (if you don't mind divulging!)
one issue with hydrogen is the pressure and sometimes cooling required for storage.
One of the huge advantages of hydrogen over batteries is energy density (pressure and cooling allowing). For any aircraft, large people carriers to small drones, hydrogen is surely the way to go, as its provides so much more energy per weight than Li batteries. There are companies developing hydrogen PEM cells for drones which allow almost double the payload capacity and 3 x the flight time compared to LiPo batteries.
Well said Hydrogen..
As the market always is looking at future growth and investment then renewable energy companies come into the forefront to reflect in sp as the case now with hydrogen manufacturer and producers which yet to make any significant profits and in fact in uk only cwr makes small profits but not others but the market is forecasting massive growth and revenue in these companies to materialize in the coming months and years. On the other hands looking at oil companies the reverse is true as they are not investing as before but diversify towards cleaner energy so I believe that for income and dividends seekers then oil companies but for sp growth then green energy companies but having both is safer bet imo.
I agree with you about the knocked out smaller oil companies argument like enq , tlw and pmo to thrive but I doubt the big ones will unless they divest into a greener energy as well or at least to be seen doing so!
Amazon ceo has invested massively in hydrogen companies but Tesla ceo calls it fuel cell fools!! Basically did not believe in it.
Battery operated vehicles will be replaced by hydrogen operating tanks as cleaner energy and more practical and convenient. It takes less than 5 minutes to fill a car with hydrogen but hours to charge a battery.
I have holdings in all above shares for transparency sake in addition to the hydrogen companies.
Oil is needed for a long time yet imo, no matter what the media spout
Totally agree with jim..
I have invested a good chunk of my funds in Hydrogen energy producers and manufacturers as the big industries of oil consuming countries are searching and investing in greener energy sources to save the environment and as it is more politically correct to do these days..
Fossil energy is becoming unfashionable and anti environmental but also oil in reality is still hugely needed as all these new green energy producers cannot fulfil the demands for energy but a small proportion of it. Though the trends and sentiment are both for greener energy and reminds me of Tesla in motor industry how it shined lately.
I still have a large holding in G ,and some in gkp and TLW with enq but equally weighted at present with greener energy, some in bio pharma and EUA.
GL and as always dyor
Agree with all the below. Problem is investors that stuck by Genel have just been killed with the overall oil sentiment. Genel itself has many good prospects. All I complain about is I don’t think that the underperformance would have been this drastic had Genel started unlocking some of the prospects they have been pumping for far too long now. I don’t blame Genel for low oil prices- they can still do well at low oil prices but only if they deliver. Even hawkey has to concede when typing the list of reasons to be cheerful that these reasons must become reality rather than fairytale. Bill has had good time now to start to bring some of these assets to life and has not
Hi Jim,
Your right it is becoming another "tobacco" but there is one huge huge difference between tobacco and oil.
Thats reason is the world will need and rely on oil for decades to come. It simply cannot function without oil.....Yet....
Great comments....
Hawkey
Nicely put Hawkey - However, I'm on holiday in Malaysia at present so watching a bit of TV I don't normally watch (international business stuff) and reading free magazines lying around departure lounges. Upshot seems to be, that irrespective of Genel (and other oil companies) good pipeline potential and even independent of Oil Price, this is quickly becoming a less popular sector to invest in.
Many tracker funds are now talking about removing Shell and BP from even their FTSE100 trackers to encourage more "environmentally aware" investors and many of those funds that retain oilies are considering voting for greener (hence less profitable) options at AGMs etc.
Looks like we're joining tobacco companies as social pariahs with SP reflecting this. It may be that long term holders of oil companies need to accept a decent dividend but minimal increase in share price for next few years. It seems as though all buyback schemes are doing (even Shell's $25 Bn) is mopping up sales and slowing rate of share price drop.
Guess the big question is how long can companies (I hold RDSB. Genel and DGOC) carry on paying 5-6% dividends to keep us onboard. When the first major reduces its dividend there may be an almighty scramble for the exits.
Hope i'm wrong and Boyo's SP vs OP saves us all..... If only we could bottle Hawkey's optimism and sell that :-)
Bina Bawi
In line with Genel’s strategy, the development of Bina Bawi (and in the future, Miran) is set to be done in phases. Through disciplined allocation of capital, Genel is focused on aligning stakeholders and setting the framework for an attractive and investable project.Genel and the KRG are aligned on a phase one upstream project scope delivering a reduced c.250 MMscfd raw gas.
The KRG and Genel will jointly fund the midstream gas development required to process the raw gas, partly making use of revenues from the accelerated development of Bina Bawi oil.Negotiations between Genel and the KRG regarding commercial terms for the gas and oil development at Bina Bawi made significant progress in the third quarter of 2019, resulting in an understanding on commercial terms for a staged and integrated oil and gas development being reached. Genel is now waiting to receive draft legal agreements reflecting this understanding. Genel is continuing the necessary readiness work required to enable rapid progress towards gas and oil developments upon receipt of signed documents.
NEARLY THERE
Morocco - Sidi Moussa block
n November 2014, the SM-1 well on the Sidi Moussa permit (Genel 75% working interest and operator) was plugged and abandoned after being drilled to a total depth of 2,825 metres. The well encountered oil in fractured and brecciated cavernous Upper Jurassic carbonates. In the course of well control operations, 26 degree API oil was recovered to surface. A subsequent testing programme over the same interval failed to produce oil at sustainable rates.Processing of the multi-azimuth broadband 3D seismic survey acquired in 2018 over the prospective portions of the block continues. This completes the work obligations associated with the current licence period. Once completed, the Company plans to initiate a farm-out campaign in Q1 2020, aimed at bringing a partner onto the licence prior to considering further commitments.
NEARLY THERE..
FUTURE GROWTH
The Company continues to actively pursue growth and is analysing numerous opportunities to make value-accretive additions to the portfolio,
NEARLY THERE.
So in conclusion and after weighing up all of the facts I put it to you that we are NEARLY THERE....
Hawkey