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I have a strong feeling that this afternoon will be the last chance to buy below 400p before this kicks off properly.
15.21% rise today ... that's fat (Phat)
Looks like the start of something big, the best rise in SP for a long time. Someone mentioned we could get to 330p today, at time of writing we are at 358p and rising!
Good luck all, hopefully our patience and belief will be rewarded.
Phat, I'm not sure if you are a broken clock or a scratched record, you appear to think you are right at least twice a day and you keep repeating yourself.
I would prefer not to rely on a broken clock and a scratched record can become very irritating, but I will defend your right to have an opinion, keep posting :-)
Love your optimism :-) a breath of fresh air compared to the derampers we have had on here recently. I'm looking forward to the day that's coming soon when 50% or more is added to the SP. We should be ÂŁ6 + even without a JV Contract.
Good luck all
Today 5th September Bank of America raises Diageo price target to 4,450 (4,350) pence - 'buy'
PS: don't tell Deutsche Bank
Have Deutsche Bank got nothing better to do? Why pick on Diageo, there's plenty of other companies that will fare far worse in a recession..... Top up for me please :-)
I think that if an offer was made in the 45-48p range I would cash in, especially as the SP would be driven beyond this level by the usual speculators hoping for more or a competing bid.
I had visions of holding here until first dividend, but like a lot of people I’m disillusioned and frustrated at the SP dropping when it should be rising due to successful production and no indication so far of disappointing flow rates.
I don’t post very much here, I really don’t have much to add, but I’m grateful to the majority of posters who make this an informative and interesting resource.
Good luck all, fingers crossed for an upswing, this definitely an undervalued stock
Frustrating isn’t it….. my guess is a number of profit taking auto trades set at 42p
Lemming, I hope this link helps https://tradingeconomics.com/commodities
It gives the pretty much live spot price for UK natural gas in pence, currently ÂŁ2.53 per therm, down around 8% on the day, but still over 470% up year on year.
regards and thanks for all the information from you and others on here.
Alan
I added ÂŁ27.5K / 67237 @ 40.9p this morning at 08.22,
I haven't seen the trade show up yet, so hoping thats a good sign for us all?
I now hold just under 225,000 and intend to hold until at least first dividend. Good luck all.
David,
As I see it, the spot prices for oil and gas are affected by the banking sanctions, this does impact IOG and it’s business. Crypto theoretically allows the sanctions to be bypassed which could hold prices down, but as we are seeing today that doesn’t look likely in the short term.
Anyway, are you looking forward to the opening bell? I know I am:-)
Good luck all
Davidspellacy,
There were reports recently that the Russian government was looking at using crypto to bypass banking sanctions for oil sales.
Thanks Peakview, I hold about 150,000 now, mostly bought at over 30p. I was drawn here by AJ Bell and one of their heads up share reports, looks like it will pay off for me given the RNS.
I bought more because this share appeared to be remarkably robust recently, everything else in my portfolio is going down, but IOG has stayed static over the last week.
Thanks to you and all on this forum for the excellent information, I don’t post very much, but I have been lurking and talking note for some time
Kind regards
Alan
I bought 50,000 IOG at 35.2p this afternoon, but it’s showing as a sale on the share trades, is this because of the narrow split at the moment? Virtually no buys today if you believe the share trades on here.
Oops! Sorry FT……. Didn’t think about copyright, can’t seem to edit posts here
A nice bit of publicity that should raise interest and awareness of IOG
https://www.ft.com/content/743b65c6-9084-4bed-a581-8d935b0e88d4
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https://www.ft.com/content/743b65c6-9084-4bed-a581-8d935b0e88d4
A British energy group that had been poised to sell gas from one of the newest fields in the UK North Sea to a subsidiary of Russia’s Gazprom has said it will end the arrangement “with immediate effect”.
The Financial Times reported on Tuesday morning that UK gas producer IOG was preparing to sell its share of production from the Elgood gasfield in the southern North Sea to the UK-based trading and marketing arm of the Russian state-owned group.
Elgood, in which IOG has a 50 per cent holding, is due to commence production in the next fortnight.
However, London-listed IOG said late on Tuesday that it had served notice to Gazprom Marketing & Trading (GM&T) and its “thoughts are with everyone affected by the shocking, unprovoked invasion of Ukraine”.
Centrica, Britain’s biggest energy supplier, on Tuesday also said it would seek to withdraw from an existing supply contract with GM&T, which has offices in London and Manchester as well as internationally.
IOG’s chief executive Andrew Hockey added that his company had experienced “strong interest” in the rights to buy its gas during a competitive process last year “and would expect to sell the gas to a highly credible alternative buyer”.
The UK company already has a separate sales agreement with BP’s gas marketing arm for its share of production of another new field, Blythe, which is shortly due to commence production.
IOG said a day earlier that if GM&T became “subject to [UK] sanctions [against Russia], IOG would not sell the gas designated under its existing standard gas sales contract with GM&T”.
The sales agreement was announced in July last year but UK companies are under intensifying pressure to sever their ties with Russian state-backed entities.Â
UK business secretary Kwasi Kwarteng said this week there was a “strong moral imperative on British companies to isolate Russia”. BP, Shell and Norway’s Equinor have also this week said they would cut ties with their respective Russian partners.
Quote from trading economics https://tradingeconomics.com/commodity/uk-natural-gas
UK natural gas prices extended gains to 286 pence a therm, tracking Dutch TTF futures higher, driven by uncertainty over Russian supplies to Europe. Caution remained high as EU energy ministers gathered in an emergency meeting to discuss possible retaliatory measures by Russia, which could mean a halt in natural gas flows to Europe, after Western nations and some allies blocked Russian institutions from the SWIFT global payments system. Although Russia has said it will keep exporting natural gas, around one third of Europe’s imports of the commodity pass through Ukraine, where the conflict could cause damage to vital pipelines.
End quote….
IOG is the only share in my portfolio that I expect to rise over the next week or two. It’s sad that it will be on the back of unrest and suffering.
Best wishes to all
SailorNL
Nice information, thanks for sharing
Would the current weather conditions affect operations?
Thames
GALE WARNING
Issued: 21:46 (UTC) on Wed 16 Feb 2022
Severe gale force 9 veering westerly imminent, decreasing gale force 8 soon