The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
AECO Gas going to start going up probably 7$ CAD+ at least (US currently 12 cad). Oil looking very strong for another crack above $100. We have a much anticipated drill in the North sea about to start that EOG are going to ramp to high heaven for us. More patience required but i still believe we will see 40p this year.
Alberta natural Gas prices could be a problem. Currently making new lows at $1.5 USD while US Gas is 9.4$. Our profits would be through the roof if we where getting close to US prices.
calgaryherald.com /opinion/columnists/varcoe-as-global-natural-gas-prices-soar-alberta-producers-face-astronomical-discount
Tony - Gasx is the stock Doc Jones dramatically declared he was selling his I3E for. I think since then Gasx remained flat while we did nearly 200% so not his best decision. EMO down big also, maybe he's lost his touch.
Boltolk seems to be unusually defensive and aggressive in his love for EOG. If I had to guess probably part of a ramping gang trying to push EOG as high as possible prior to drill results. It happens every time and the rampers sell out or are on free carry before results hit.
King Suarez - https://www.gasalberta.com/gas-market/market-prices Priced in CAD
What are those silly Canadians playing at? Americans making a killing selling to Europe.
https://markets.businessinsider.com/news/commodities/us-natural-gas-exports-europe-surge-energy-crisis-trader-profits-2022-8
"You're not talking about a margin. You're talking about a multiplier," Laurent Segalen, an energy investment banker who hosts the Redefining Energy podcast, said about the so-called arbitrage trade. All in all, it's insane," he told Insider. Segalen said companies with gas to sell in the US can fill a large ship and send it across the Atlantic for around $60 million, with the cargo then fetching around $275 million in Europe. Felix Booth, head of liquefied natural gas analysis at Vortexa, said he thought companies could be making around $150 million on each shipment."
It's great EOG doing the leg work promoting Serenity. They obliviously more reliant on it then us. They doing such a good job though it's increasingly looking like a poor deal for us considering we can currently find the money they paid us down back of the sofa
Bunkatron- Why are dividends fine but buybacks apparently evil in your book? Also i3e lost 97% from it's peak and no-one cared. The whole industry nearly went bust few years back and no-one cared. Oil companies need to do whatever it takes to maximize returns to share holders and not worry about rubbing profits in peoples faces who are not invested. Oil companies thriving will lead to more investment in the end unlike grossly undervalued share price because no-one wants to buy them because they prefer cr@p like Bitcoin/Gamestop and Greta told them not to.