Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If they are bailing out the big 6 I would imagine we could also get bailed out.
Plus I wonder if Shell Energy might use this as an opportunity to grow their customer base. We have may advantages over the small suppliers not least very deep pockets…..
Decent day all things considered…..l
There model for selling gas …was always going to fail…government has started a unworkable solution….destroying a world class company that could go front your pilot light on your cooker to drilling for gas in the south Atlantic
For this stupid situation we all in …yes we told you so
Sometimes I look at these posts and think does nobody read the news or between the lines. In the UK we have been told that the big 6 will get bailout/loan from the government to help with the gap between prices and the price cap. They are letting the little guys fail as normal they will bail out the big 6 because they have friends in high places.
"These small companies didn't hedge for the price rises so it's their own fault."
====================================================
I was going to say exactly the same thing. Big question is how the regulator allowed them to have such risky business models....light touch regulation doesn't work for critical industries, it gives the cowboys free rein.
So then there'll be seven?
As I suggested on Monday: if the small fry go bust maybe it'll enable RDS to expand to match the Big 6 ?
I think RDS knows about hedging.
These small companies didn't hedge for the price rises so it's their own fault.
Classic case of market intervention intended to help the consumer, ends up damaging the market and negatively impacting the consumer. How many more energy companies need to go bust before they remove the pricing cap?
By the end of this, there will be less energy companies willing to supply to the UK consumer. Less competition and less options for the retail market.
There is a belief that there will only be about 10 energy companies reaming in the UK in a few months time.
There will be the Big 6 and a few others.
Just wondered how this might impact us and how Shell would deal with this ??