The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Ticking up on very little volume again and again. Whilst I would prefer to see some volume, any positive movement is welcome after the past three months.
Hoping for some form of good news soon. Feels like a long time since we have had any update of note. There was an operational update in Jan 21 and Full year results were published early April.
As Danno has been sharing, there do also appear to be growing media reports questioning uk/europe energy strategy which could have significant implications for Igas on a number of fronts.
Nice rise today.
Are we heading for news?
IP- Assuming you are referring to the SIP share issue, not sure we should deprive staff of this incentive and around 0.1% increase in share volume is hardly perceptible. What about concentrating on the fact shares are only issued on hitting production targets, so could be viewed as positive affirmation?
Great, that's all we need. Shares now going to be even more worthless!
Jamesey,
That should read -Agreed! - no question marks.
Just imagine what a change in politics would do for the share price!
GLA
Danno
Agreed. ??
Danno, I am 100% for being self efficient in an energy sense and therefore behind fracking. I believe the seismology risks are being exaggerated and exploited by the NIMBYs. My point was that I’m viewing it as an unlikely upside (with huge potential) rather than pivotal on success of my investment in Igas as I think there is a sound business model sans fracking.
Sorry muck, hadn't noticed yesterday's post.
Danno
https://www.thetimes.co.uk/article/gas-prices-will-stay-high-until-2025-says-goldman-sachs-rj602dwh8
We have the resource below our feet.
Why not use it. And, while we do keep prices manageable while we research and develop newer greener technologies.
It is naive to think we can just walk away from fossil fuels. Look at India and China! Still mainly burning coal.
If energy supply becomes too tight, then that's the type of issue that can lead to unrest, and, yes, possibly war.
GLA
Danno
Jamesey, totally with you on all fronts.
However, see the below article, one of many on similar issues. We need to transition to carbon free. Not just stop. Get the Frack on and edge towards being more self sufficient.
https://inews.co.uk/news/world/russia-ukraine-conflict-us-europe-putin-gas-supplies-contigency-plan-1426188
GLA.
Danno
I try not to think too much about what lifting the moratorium on fracking would do to Igas as my thoughts are that there is value here without it. Fracking return combined with the suggestion increased gas prices could last for years, Igas's improved efficiency on traditional production and all of it's diversification initiatives the upside could be frightening. What about putting the end to end gas production, blue hydrogen, carbon storage all together in one company?
A good volume day and we will be right back into the 20s
if you reckon the provisions will be materially reduced, EV might be adj downwards to reflect
but pretty much all non WC liabilities are traditionally added to EV
Volume minimal today, but SP continues to tick up. Keep it coming please.
https://twitter.com/OilGasTracker/status/1481193684188160001/photo/1
Igas never reflects particularly well on OGT comparisons. They show EV at over £90m which is much higher than I calculate. The majority of the EV I assume to be so high as it is including non current liabilities which I see are provisions for decommisioning sites much of which will be many years away (Some well over 30 years according to Igas). Can I ask for any views on whether including these form of non current liabilities in EV is normal practice? I would normally consider these against assets on the balance sheet in conjunction with the EV. Surely all the work on repurposing below ground assets also has the potential to significantly affect these long term liabilities?
Being bought out by Wolfland Group would be better.
A few buys and This could really move at last
Lucky you I need 2000% I think I may be waiting a while :-(
Do my eyes Deceive me? Only need another 50% to breakeven
Pennylots - Allthough they may have helped orchistrate the pushback, it wasn't the green agenda that stopped fracking, rather the concerns around seismic activity generation from the NIMBYs. I do agree that it would make sense to revisit the decisions given our energy crisis, but don't hold much hope in the near future. IGas would skyrocket with any credible movement in this area.
IP - Agree - hope this is a dynamic appointment. IGas are trying lots of divesification methods, but I'd like to see them push harder and shout a little louder...
Good luck to the new guy!! Hopefully with track record and experience this will be good for us too.