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bangrak,
"will rise to 210p in the next year or so as the sharing agreement gives SQZ more..."
Yep, starting in 19 days, back of fag packet of £100k - £130k per day (or est £36m - £47m pa) additional revenue attributable to SQZ, significant amount of which will go straight to the bottom line from our 20% increase of PSA as of 1/1/2020.
So profits for the foreseeable are likely to increase YoY as per status quo.
aimo & atb
PS Total manipulation of closing SP yesterday, on a day with very low volume.
NI why do you need to wait for the next set of results, gas has averaged around 44p for this year and oil at $64, therefore profit will come in around the £74m mark IMO making it worth (as I have said previously) around 170p, but will rise to 210p in the next year or so as the sharing agreement gives SQZ more, I've based this on a gas price of 36p to be safe. No idea where you are getting 25p from despite the link, ICE clearly states all the contracts daily. Probably a gap to close on the Gas chart from 29th August.
I found this one of NI practising for the Christmas party ...............
https://www.youtube.com/watch?v=asgfeRXdjxc
Don't think NI et al can risk holding their shorts for much longer, mega deal on the horizon. Share gets suspended and opens at +190p would be fun to watch. Don't forget, the BKR deal, when announced caught many off guard, even though we knew SQZ were pursuing one, that day we opened +100% .... no difference to our current situation afaic.
atb
Bid: 117.20 & Ask: 121.60, yet we close at 115p.
Total manipulation by NI and his boss today imo. They will get their shorts away this week and NI will, as if by magic, disappear into the ether until next time.
As mentioned, he's not posted about gas prices on any other BB other than SQZ ... today's SP tells you why.
atb
Next financials will show record sales and profits, simple as that.
Yep,
Looks like NI boss will get their shorts away this week, now they have managed to drop the SP on close.
NI, no comments on my posts I see .... !
Is your boss struggling to get their shorts closed atm
But then you know that, just want to close your shorts soon I take it.
UK only imports 12% of its energy needs from EU.
SQZ have opens hedges since the BKR as per their financial report.
BP et al will PAY SQZ should their revenue fail to exceed their costs, as per BKR PSA, so will never produce at a loss.
NewKOTB, this is the season of good will when we shouldn't be laughing at the afflicted, it's not very charitable. Maybe just ignoring it would be the best way to treat it's postings.
NI does make me laugh, spends so much time here telling us the obvious in terms of gas prices, yet fails to do the same on any other O&G companies BB. That should tell you all you need to know about its intentions .....
Gas is predicted to continue to grow YoY as the worlds Primary energy consumption by fuel.
And that is from the horses mouth, or in this case BP's
https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/energy-outlook/bp-energy-outlook-2019-presentation-slides.pdf
Business as usual for SQZ .... cash rolling in, debt free, strong financials , c£95m CoH, one of the lowest lifting costs in the NS and a mega deal or two on the near horizon. Even with gas prices low, healthy profits are still being made. SQZ in 22 days time will increase its share of the BKR PSA by 20% and continue to benefit from the 35p/therm hedge.
NS and in-particular the BKR acquisition is proving its worth. Providing SQZ with the financial firepower to expand and grow the business, thank you BP ..... lets see if we can work together on our next mega deal.
Business as usual for SQZ .... cash rolling in, debt free, strong financials , one of the lowest lifting costs in the NS and a mega deal or two on the near horizon. Even with gas prices low, healthy profits are still being made. SQZ in 22 days time will increase its share of the BKR PSA by 20% and continue to benefit from the 35p/therm hedge.
Who knows what will happen to energy prices in the future, all I know is domestic demand is increasing YoY.
Brexit ... new tariffs on imports would ensure the UKCS will thrive, come back in a months time to see where prices are. Until then, business as usual for SQZ .... cash rolling in, debt free, strong financials , one of the lowest lifting costs in the NS and a mega deal or two on the near horizon. Even with 8 year gas lows healthy profits are still being made. SQZ in 25 days time will increase its share of the BKR PSA by 20% and continue to benefit from the 35p/therm hedge.
http://www.ipaadvisory.co.uk/media/1139/brexit-implications-for-the-uk-gas-industry-17_06.pdf