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2 months old but worth a watch:
hTTps://youtu.be/qJePQI2BLeM
Tom, I hold both souc and i3e. The advantage souc has over i3e is the Henry hub zone 4 gas price which is always a lot higher than AECO gas price in Canada. Location advantage being so close a key US LNG export terminal.
If souc can get to 10, 000 boepd within 12 to 18 months from now it will be a big cash vow.
Both companies imo should do well.
Assume it's 2025... 18k boepd is being produced with 96% natty. The world is leaning heavily on the US & Qatar to fill the Russian gap, UK O&G explorers won't explore due to windfall tax. China and US are still arguing over balloons, and rare earth minerals are being hoarded by China stalling the green transition. We need gas badly.
Germany's gas consumption in 21-22 was on average 79twh pm. During winter its average is 108twh pm. The huge 14 Q-flex and Q-max ships built to carry Qatari LNG exports are able to carry a cargo providing nearly 6 trillion BTUs of energy, 6 Trillion btu = 1.75twh. So these big ships will provide Germany with 1.59% of its monthly gas needed during winter. The entire fleet of 14 super tankers provides it with 22% of its monthly gas consumption. You need 62 of these huge tankers arriving every month for Germany alone to replace the pipeline gas and storage. Qatar Gas Transport Company Limited, has largest LNG shipping fleet in the world, 69 vessels 31 Q-Flex 14 Q-Max. Replacing the pipe is not going to be easy and it won't be cheap. My research but DYOR
Anyway, my sheet (at $3-3.5 natty) says net profit will be in the region of $52m or £43m just slightly less than the cap today. US gas is currently too cheap imho. Broker has $79m in 2025 on $4.5, if i plug in $4.5 into my sheet i have $68m, so the sheets are similar. I personally see great demand for LNG and exceptional value here assuming it all goes to plan. I am a buyer down here.
Ptal is in an unstable country with consistant problems with the locals not for me as for SOUC I think it has a lot to prove/i3e stands head and shoulders above those two AIMHO
i3E, PTAL and SOUC should all perform nicely next week.
https://markets.ft.com/data/commodities/tearsheet/summary?c=Natural+Gas
Gas shot up today LNG going full pelt at Henry Hub according to Trading Ecomomics,I am not invested here I prefer i3e which produces gas and oil and a massive divi
Sorry danger not following, wouldnt negative mean price drop?
Massive negative headwinds for gas. Prices could go negative if there is no storage! This winter could be cheap. The winter of 2024 there will be a large supply issue again. This stock could make an unbelievable upside. I am so close to buying.
This article clearly indicates a sell (peak optimism) came in late.
But this is now a great opportunity for new investors to get into the next cycle of growth.
Gas down under 2 now who would have guessed it,best to stay on the side lines for the time being
a) I need to get up to speed on Pascagoula before commenting further:
https://www.google.co.uk/maps/place/30%C2%B019'20.6%22N+88%C2%B030'13.2%22W/@30.3524368,-88.5255234,8657m/data=!3m1!1e3!4m4!3m3!8m2!3d30.322382!4d-88.503663
(satellite view)
b) Freeport update:
https://www.reuters.com/business/energy/natgas-flows-freeport-lngs-texas-export-plant-jump-refinitiv-data-shows-2023-02-13/
Time for optimism.
All blue so far and decent buys news by end feb no brainer obv buy
malcy "Plans to develop the portfolio makes 2023 a truly exciting prospect and I have what seems like a monster target price of 260p a share in the book."
Under 40 to 260 even if back to 60-80 anyone buying now will do very well gla ;)
". . . Venture Equity, together with Svetoslav Bojilov, owns or controls a total of 15,576,234 Shares, representing approximately 11.28% of the presently issued and outstanding Shares".
Bulgaria EAD now controls 11.28%.
https://www.placera.se/placera/pressmeddelanden/2023/02/17/southern-energy-venture-equity-bulgaria-ead-acquires-stake-in-southern-energy-corp.html
[I've gone quiet because of over-pushing the stock. It remains a major holding together with i3E, PTAL, SHG and THS. Also hoping my AAL pals move on the ARCM Kabompo dome.]
I am shocked nobody is mentioning the holdings RNS issued and the significance of it.
Couldn’t agree more B1. This is a growth stock and one to tuck away.
Viable seems to have disappeared since stating he was going to buy on MONDAY LOL
Probably the best bet is to wait a few months lol as if we didn't anyway and come back in May/June when EU is filling up again,they had the benefit of Russia supplies for the first few months last year but as you know that's it from Russia.A spokeman from Germany on Bloomberg was concerned it might not be easy for supplies this year with competition from China
You do make me laugh. I can assure you you're the last person I would take investing advice from.
"Losses on SOUC" that's the first time you've even used the phrase. You've consistently and erroneously talked up this company as if you have some mystical knowledge of what's really going on and it's all been a crock! Remember using the phrase "avalanche of good news on the way". Deluded then and deluded now.
You got it all wrong. And are probably still getting it all wrong.
Still obsessed with me I see. I hope for your sake you were paying attention when, back in Sept/Oct I was suggesting on this thread that folks take a look.at PXEN. If you did then you will have bagged on your investment and more than covered any loss you might have made on SOUC.
The last couple of months production volumes from GH 19-3 take us to a point where the sample size is sufficient to reinforce what were early but premature fears of abnormally high decline rates.
The new wells about to come on stream will need to perform much better or the early promise of this investment will continue to dissipate. Management communications have been appalling which as you seem to have missed it, is something else I was flagging up months ago. Maybe you would benefit from taking a more balanced and mature view of what folks have actually posted? After all PXEN will have been a painful miss if you chose to ignore me based on your opinions of what you think I do or don't know.
Manofnomeans is SO quiet!!! So quiet!
Yes, I'm still here. It's been an expensive way to say "I told you so." There was definitely something off about that corporate mugging of a share placement. Appalling corporate behaviour.
Thanks for info all.. let's hope good news is just around the corner
According to Hannam & p isn't this targeting 8k 13 & 18kboepd in year 1-3? this is a new one to me but I see 80p here based on existing gas prices and increased production. Assuming progress is made this looks very cheap, it's worth 25-30p now but not after that. US gas is a bit too cheap, lets see what happens when people start refilling storage in a few months.
Typo sorry, European gas prices have fallen from 700p / therm.