Member Info for bigguboi

I will also say good job for our resident chartist Nordell. Nice call and well done for standing your ground despite the abuse. I'm not a chartist myself and I don't trade much so I appreciate the technical view. On the weekly RSI would you say below 50 is a good time to add or do you think the weekly RSI will generally cool down to a more standard 30-70 range?

Thank you for the thoughts Jimmy. Might be prudent to have some cash at the side in case Chariot shares also dip within the year and reap the benefits in two or three years

They're going to do QT at an immense rate starting May, and multiple 50p rate hikes this year (or so they say). It looks like the US Fed is hell bent on breaking the back of inflation, the problem is that the market will get absolutely demolished because of this.

Question is, how much of an effect will this realistically have on Chariot and European natgas prices? Access to credit could be difficult and demand for energy could begin to decrease. But I'm wondering how severe would the effects of a recession be.

Of course, I expect the Fed to reverse course if things get bad enough but when that time will be is impossible to say. I think we are entering a recession now pretty much globally but supply for certain commodities in certain places (EU) is likely to remain low for the foreseeable future in my view.

Definitely agree with you on that IC888, pardon me about the outburst. I went off topic there with my hot take

Personally I hate Larry Fink from the bottom of my heart and I don't agree with a lot of the green narrative, but I'm very bullish on Chariot's gas project and everything else is a cherry on top as far as I'm concerned. Hydrogen project is a big cherry

https://www.spglobal.com/commodity-insights/en/market-insights/latest-news/electric-power/040622-africa-focused-chariot-inks-green-hydrogen-import-mou-with-port-of-rotterdam

"Chariot Transitional Power CEO Benoit Garrivier said Mauritania could become one of the cheapest green hydrogen producers in the world.

Several large-scale low-cost green hydrogen production projects are targeting costs of $1.5/kg by 2030 or earlier.

S&P Global Commodity Insights assessed the calculated cost of hydrogen production via alkaline electrolysis in Qatar (including capex) at $2.59/kg on April 6, among the cheapest locations globally.

That compares with Eur12.91/kg ($14.07/kg) in the Netherlands."

Good call SHC

First steps to acquiring offtake agreements. Going nice and and steady with Project Nour

Bought just a little bit more at 21.1 with some leftover cash in my account. If it dips more later all the better

Fernan, 40MMscf/d is already as good as secured for the Moroccan markets. Add 10MMscf/d for good measure, and 20MMscf/d can be piped off to Spain. Conservative long term prices $10/mmBtu for 50MMscf/d and $20/mmBtu for 20MMscf/d for example (although we might get bigger production than 70MMscf/d it seems)

It will come, there is no shortage of demand in Morocco + Europe. Take into account that Morocco has to buy LNG from Middle East, have it shipped to Spain for regasification and piped south to Morocco via GME pipeline. Morocco would love to get cheaper domestic supply. And Europe is of course desperate for gas.

Bidding war between majors would be a sight for sore eyes

Thank you BDC, I totally missed that part of the story

Here's my DD by the way, published one day before the +50m net gas pay upgrade
https://ceo.ca/@bigguboi/the-multi-tcf-natgas-play-on-the-doorstep-of-europe-you-probably-havent-heard-about

And we're just getting started! Great news to come within H1 and lots of catalysts in the pipeline to help boost the sp along the way to production

I'll say max four months and probably before H2

https://www.zerohedge.com/energy/gazprom-halts-gas-shipments-europe-critical-pipeline

"After European nations imported the most gas from Russian sources yesterday in months, scrambling to stock up on supplies as Russian President Vladimir Putin's deadline to either pay for gas in rubles (or be cut off) came and went, Russian gas giant Gazprom has officially halted all deliveries to Europe via the Yamal-Europe pipeline, a critical artery for European energy supplies.

Instead of flowing toward Germany and the EU, gas supplies on Friday and Saturday started flowing in the opposite direction, according to Gascade, the network operator."

UK prices not far behind, ~$33.6/mmBtu

No dip for me I see. That's okay. Bought more at 18.5, one final buy I think.

"My guess is that the gas water contact initially identified in the O sand was in fact a phantom initial result and hence all or most of the O sand was in fact gas bearing."
Jimmy, that would actually make perfect sense!

...though to be honest 14p is more just wishful thinking from me than a realistic bid price