Member Info for bigguboi

Europe is so screwed

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/051222-hydrogen-below-3kg-needed-for-breakeven-green-steel-in-europe-industry-body

I think Chariot could beat that target?

WOW, we're at price caps already?! And that's such a low cap too! No wonder natgas prices are spiking up so much today. Current price is €106/MWh ($32.3/mmBtu) and these guys are imposing €40/MWh ($12.2/mmBtu). Price caps are insanely bullish because they eventually have to get taken off as they invariably cause SHORTAGES AND RATIONING. Why would anybody sell their LNG to Europe at $12.2/mmBtu when they can easily get triple that in Asia? And when the price caps come off whoo boy do the prices blow up. Last year there were widespread riots in Kazakhstan when they took off gas price caps. The prices went up 300% in a single day iirc.

John, the discussion was that a windfall tax on UK o&g companies would encourage big UK companies to invest in projects such as Anchois. It would actually be a positive for us provided it comes to pass. It would increase the likelihood of a buyout

Exactly KOTB, the politicians have no idea what they're talking about as usual. New oil/gas projects aren't willed into being with a flick of a wrist, it's a long winded, risky and expensive process. Of course we cannot expect politicians to understand, their longest time frame is the length of a term

I for one always like to hear the technical analysis viewpoint as well. Nobody can predict the future but there are people who can guess pretty well where the line could be headed. Knowing the technical side can provide buying opportunities.

Hi LuckCounts, I'm a bit of a new investor myself (started investing about 1.5 years ago) but I definitely agree that it's hard to find a more compelling o&g developer in the market. The geopolitical developments, regional commodity prices, direction the world is heading in, size and quality of the discovery, available infrastructure and location, low risk position, and cheapness of the stock all make this an excellent stock that I'm happy to keep holding even during the market wide hammering. In two to three years Chariot will start netting God knows how many dozens of millions of dollars from the gas flows at Anchois. And maybe even more if they decide to opt for a bigger operation with a wider pipeline. Ain't no reason to sell even if the price goes down for a year. Rather, an opportunity to add.

JD, even big multi-billion dollar o&g companies are down 10% or more this week. Don't even get me started on the small caps

I'd like to share this article I read on ZH today. While the bears are jumping out of windows across the markets, energy companies have become more and more inviting to the market participants (even though they are still unloved). Good charts being presented in the article: short positions going down and long positions going up; and commodity index versus SP500 tells us that commodities are not even halfway done yet relative to equities. Don't get shaken out by market movements guys, we know what we own and we know the macro situation is on our side.

https://www.zerohedge.com/markets/hedge-funds-are-flooding-energy-stocks-fastest-pace-years

I agree to an extent with Bob. The root cause to the current problems is irresponsible monetary policies, messing up the global economy with lockdowns and generally underinvestment in capital intensive infustries (mining and o&g). The war and sanctions do contribute to the financial chaos though, not to mention US Fed's rate hikes. Perfect storm for a global recession or even a depression. African nations are especially vulnerable to food crises right now, and developing nations with weaker currencies are also feeling the pain due to dollar strenghtening.

Nice find Fernan! Very interesting to see Petrobras investing big money in the same basin where Chariot's blocks are.

Wonder what the financial state of the Moroccan treasury is. I think that would be the qualifying factor in this kind of scenario

Something tells me next week is going to be better. Last month was the 12th worst in history for the SP500, surely this month will be better for equities in general. Chariot shares' RSI is a clear buy signal and previous dumps in share price at similar RSI levels turned into V-shaped recoveries. First dump ended at about 18p, last one was at 19p, this one should be 20p. Just my opinion. Hopefully we will get the CPR this month but it might take a bit longer still who knows.

In any case I'm very happy to be here. Chariot has held up excellently despite the markets melting down around us. I'm not feeling scared when I know what I own and I'm happy to hold onto my shares.

JD, likely no leak of any kind ongoing. Just market conditions. CPR likely not ready yet and is probably good

800~1,000Bcf is my conservative estimate, and anything more is gravy

Yep, Henry Hub is rocketing up. Probably due to increased LNG demand from Europe plus higher temperatures in USA. Also it appears production is lagging.

RSI is screaming 'buy', seems to me that price should get a bump up either today or on Monday. 20p should be absolute bottom. No worries over here

Not a chartist myself but I can see a trend in the one month chart. Bounced up from two previous sharp selloffs, last one higher than the first. If that trend continues then at worst we might hit 20p and do a V-shape recovery from there maybe?

Yes, Morocco has the world's biggest phosphate reserves. The three main fertilizers are N, P, and K. Those are: Nitrogen (ammonia is made with natgas as feedstock), Phosphorus (mined from phosphate rock deposits), and Potassium (mined from potash deposits). All three are needed for soil enrichment as crops need them for growth. The base fertilizers can be combined and processed to create different end products for a variety of different soil & crop needs.

Useful info on fertilizers check it out:
https://www.fertilizerseurope.com/fertilizers-in-europe/how-fertilizers-are-made/
https://blog.wika.us/applications/main-fertilizer-types-chemical-processes-overview/

Seemed like a relatively dovish session. 50p rate hike as opposed to the worst fears of s 75p/100p hike. Markets liked it and immediately started going up. Copper up, WTI up massively. Bodes well for risk assets this month, including Chariot