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It’s another turbulent day for gas prices. At 10am the price was down 9p to about 83p, but now it’s up 3p to just under 95p. Fortunately, the trend remains upwards (it was 54p on June 1st).
Yes, ab76, July at 94p at present:
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5419492
ICE provide more detail (primarily by attaching a particular month to the prices), but their prices appear to be delayed by an hour. The BBC https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas only delays prices by 15 minutes, but doesn’t make clear that the price it’s quoting is for July. Does anyone know what market price Angus receives for gas sold today (I appreciate that it doesn’t matter for the half of production that’s hedged)? Is that price published? Is it increasing (obviously it will in July, but it would be nice if we’re benefiting this week)?
Think ICE times are GMT (but haven't checked). If GMT, then the delay is about 10 minutes.
Whoops! ICE times ARE GMT, they say so.
Thanks ocelot. Now that you’ve pointed it out, I can see that ICE’s prices are more up-to-date than the BBCs (which at the moment is a shame as the BBC is showing 96p and ICE 94.4p).
99.9p now. Angus were trading at 1.8p when gas prices were last this high (back in April) and there was no sidetrack production.
I get live prices for July UK Gas on my free IG spread bet account, but I use Barchart for overall info, as it shows all months and you can even look back at closed futures from previous month/years.
https://www.barchart.com/futures/quotes/NFN23/overview
Showing 99p :-))))))))))
https://tradingeconomics.com/commodity/uk-natural-gas
Thats mad AB76!
Makes me ponder, does a stock with a large PI base, always gets no reaction to fundamental news.
In a few stocks with large PI base and same situation.
Goes to show how irrational the market can be.
Live mid price just broke 1.006
And Angus shares price does what with gas up 80+ %??
Angus recently told us that when gas prices are 124p they make £2.5 million per month from gas sales (see https://polaris.brighterir.com/public/angus_energy/news/rns/story/xel8qzr ).
Over the next six months, using the prices available at https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5419492&span=2 , the gas price now averages 133.7p per month (lower in July, higher in December). Therefore at the moment, it looks as though Angus is going, on average, to receive more than £2.5 million per month over the next six months. With low running costs (between £2.5 million and £3.5 million per year according the valuation reports), that’s a lot of profit and cash.
Whats me wonder does ANGUS not qualify for investment by some insto’s because of this ESG rubbish…..
But wtfdik
Ab76, stop swearing,you will make the trolls cry!
The forecast winter month revenues AB has put out there are not wrong and have been commented on before.
In fact, if you pick an average annual gas price of say 80p per therm over the entire year, then ANGS is set to generate revenues of £22m + £23m + £30m over the next three years - and that's not small change by any yardstick. Needless to say, if annual average gas pricing goes higher than that, so do ANGS's revenues in line.
This is so glaringly obvious that it's staggering that current SP levels and the daily demand for shares both remain bafflingly low.
Well HITS, stop the waffle and buy some shares then, or do you prefer to be Billy no mates on the outside after being bitten as you say?
BV, I don't think anyone apart from an idiot would buy into a stock on the basis of gaining "mates"... plus if buying in got me "mates" like your good self... well, put it this way, I can think of just a few better marketing strategies.
More seriously, I was genuinely tempted to dip back in a month or so ago., because (as I've said several times) I could only see the ANGS SP heading in an upward direction - and relatively quickly too.
But I didn't... and it didn't either, for reasons that remain entirely counter-intuitive. So I suppose that, even though all logic tells me that ANGS is now a good bet... on an totally non-logical basis (but one completely supported by the current reality of things), I just can't bring myself to trust this stock.
Today's data summary
% change
+4.09%
Price pence per therm(p/therm)
95.47
Change
+3.75
HITS contradiction isn't a good thing, telling advfn members "I will never spend my hard earned cash in Angus after being bitten once". And now you claim that you was temped to buy on here, you have been proven to be a Billy Liar. Now as you say "I don't trust the share" which you really mean the Company, you spend every day of you life talking about it which makes you look sad and lonely. I'm sure you could find other hobbies to occupy your day like Bowling or even joining a walking Group so you go to bed at a reasonable hour and better for your health.
Not me Barney mine was the 1.1975 at 8.32 am. What is cooking is gas prices. We were circa 54 early June and now circa 94. The difference this makes is considerable hence my purchases. GLA
No contradiction there BV. With Lucan at the helm, I'd never have considered dipping back in for a microsecond, no matter what he said in interview or RNS - solely because whether accidentally or not, he continually failed to tell the truth.
I gave you one definition of an idiot in my last post. Here's another - someone who refuses to evaluate new evidence as it becomes available and who equally refuses even to consider any alternate viewpoint, come what may.
I'll start the day on a good note
July live gas futures just gone over £1
And still climbing.
Come on Angus share price, you dropped when gas went down, now it's back to Mid April prices
No HITS, an idiot posts 7 days without ever intending to invest for 6 years without being paid to do so. Just name one other share that you post about apart from Angus?
The merchants of doom put all their eggs in the 'sidetrack would fail' basket,
and they got egg on their faces.