The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The big issue with relying entirely on LNG comes not only from lack of supply but also lack of feasibility as Europe doesn't have the capacity to regasify an extra 155bcm/y, not by a loooooong shot. Energy production will need to be diversified: more coal, heavy oil and nuclear, and yes renewables too. And it will take years to offset any significant portion of Russian gas too.
Chariot will be there to take some of that weight off of the supply chain though.
Looks like the share price is set to break up any day now. Consolidation has been going swimmingly and the resistance has been hit multiple times while the bounces down have become smaller and smaller. One material news release and we're off again
https://doomberg.substack.com/p/measure-twice-sizing-europes-natural?s=r
Doomberg posted an excellent article on the matter of Europe turning away from Russian natgas imports. He goes into the numbers and facts which show just how big of an undertaking it would be to replace all 155bcm/y imports. Recommended reading and maybe download a copy for the future as well because Doomberg will go behind a paywall starting next month
Not sure about the exact depth of Anchois-1 other than I think it was a little shallower but Anchois-2 was drilled to 2,512m depth and water depth was 381m. Deeper sub (pre) Nappe source rocks apparently have potential for oil but I think the focus will obviously remain in the post Nappe gas targets which are very much derisked and better interpreted
https://oilprice.com/Latest-Energy-News/World-News/India-Faces-Coal-Shortage-Again.html
As they say... "An investor has only one reason to buy and a thousand reasons to sell". Have a good one Cloudsurfer. Not the worst time to sell but probably also far from the best judging from where Chariot is clearly headed
New statement: https://www.lse.co.uk/news/CHAR/gasunie-hes-vopak-plan-ammonia-hydrogen-terminal-at-rotterdam-b798cefi9qh5z5w.html
The hydrogen project is coming together!
Nothing wrong with trading and hoping to buy back in lower. Personally I'm not taking my chances there by selling. But it's silly how some people here act so hostile toward people that do