Member Info for Boyobach

Cheers bunks - let's hope the gap at 170 gets filled soon. Something to look forward to:
https://invst.ly/uua8d

Well, energy consumers comprise a very broad spectrum: industry, transport as well as domestic.

A ’red herring’ is a misleading or distracting thing so, no, climate change is certainly not a ‘red herring’ but a reality that energy companies like RDS need to take proper account of and to incorporate into their offering. However, this does not mean allowing the Guardian to write your business plan, nor does it mean abandoning the supply of fossil fuels immediately.
It’s up to Governments and the Users to decide what they need - and it’s up to RDS to supply it.
Is it RDS’ fault that transport and industry relies too heavily on fossil? No .
Is it up to RDS to offer solutions and help transition? Yes.
It is not RDS' responsibility to impose a timeline for change but, if it is smart, it will adapt positively to the changing needs and demands of energy consumers - for that is where the responsibility for climate change lays.

Personally, I am convinced they should sell the gas to the Russian but ... ..

Frankly, if they sold the whole shebang and divided up the proceeds to us shareholders I'd probably be happy.
Some of us were here at £10... the KRI has seen this company stripped...OK, 50% was due to Wayward management spending cash on dusters when they should have exercised some discipline and made sure of cash flows and oil reserves. But even so:
When the choice is flogging a dead horse or working for the mafia (which grabs anything it wants and does not abide by payment terms that it has imposed itself) then there's not much point in continuing. (Apologies to bunks).

I agree with both of your posts Chilting. Indeed, balancing CWR with fossil-based investments seems a sensible move to me and is what I tend to do. Your points re Ballard are also correct in my view and widely reported - the main lesson there for me is to exercise proper management and control - which needs to be applied to any investment in my view.
I am confident about CWR but believe it needs to be monitored closely - certainly not a ‘buy and forget’ (no share falls into that category in my view). An sp comparison between CWR and Ballard is interesting: https://invst.ly/utx1g
BLDP appears to be more volatile and to have chased CWR upwards during late 2020 - trailing CWR by about a fortnight. It then seems to have collapsed back - largely for the reasons you’ve outlined - dragging CWR along. The % scale here is correct relative to the start point in mid June last year and the price scale is that of CWR (as accurately as I can get it). I think there’s a fair chance - admittedly not a certainty - that CWR has bottomed out and that it will gain traction from the latest placing price and resume the historic trend upward. The next few weeks will hopefully bear this out.

Don't worry, this is a passing trend, inflation ups and downs…..

There is a bit more to it for Ceres, I think. Indeed, it is no accident that I’ve referred to Ballard over the last few days. It’s fairly clear that the latter’s 20% drop on May 4th, due to an unexpected failure to meet certain expectations, precipitated Ceres’ fall the same day. Indeed, Ballard have lost 60% since they peaked in February, which compares to about 30% in Ceres since it peaked. It can undoubtedly be argued that Ceres’ fall back to date has been sufficiently proportionate but there is enough similarity between the two, not least their Weichai stakeholdings, to make quite direct comparisons. It’s also worth remembering that both companies are speculative: their respective sp’s being based on excellent potential which could take some years to fulfill.

Yes indeed Tartine.
For me the next payment breakdown will be key to evaluating the real impact of the latest banana skin from the banana republic. G had recently said that KRG owed them $36m for March production but their 'proposal', which is actually a 'fait accompli' issued at the last moment instead of making payment, reduces the receivables recovery portion by 60%. I'm guessing that this could knock around $4m off the expected figure. But until we see the numbers we really don't know. It is sobering to think that 45% of the last KRG payment was effectively repayment of debt whilst production only accounted for 55%.

Despite main market setbacks this week, OP (Brent specifically) has not given up on its upward push. Pick a colour: red, green or blue: https://invst.ly/utdse
Interesting that red - a seven year ceiling - is experiencing the most pressure and taking the most punches - conventionally that would be the one most likely to give way. But nothing in this market is certain except that at least one of the three must give way.
Wider view: https://invst.ly/utdvm

Clearly from my 'ménage à trois' post, I don't think Weichai are about to choose between Ballard and Ceres - although they might well do at a future date - with the potential consequences for other shareholders. They are currently heavily involved in both because they view them as leaders in alternative approaches and, perhaps, non-overlapping in terms of geography/market. I'm assuming that Ballard has the edge in lighter vehicles/applications whilst Ceres is geared more towards heavier vehicles, marine and fixed installations. Ballard's recent setback in terms of the market, echoed recently in Ceres suggests to me that both are now being asked to prove what they are capable of commercially . It could be a testing time and, as someone else said here earlier, CWR may not simply float back up to £16+ without proving that it is more than just the latest green tech stock to hold and the recent cash-raising needs to lead fairly swiftly to profitable production/activities.

Kiss the line and continue up…..it should at least stop the rot even if it doesn't turn out to be a rocket:
https://invst.ly/utcbx
Hopefully 1000 has been soundly recaptured and is now a platform to continue in an upward trend:
https://invst.ly/utce2

For week ending Friday 14/5/21
OK, so G was down the best part of 15% on the week, big oil were virtually flat and GKP down 9% so it seems fair to say that ex-div took G down 4% (proportionate) and the KRG took G and the noisy neighbours down nearly 10%. Here are the usual group since last Friday:
https://invst.ly/utapp
It was a ‘normal’ week for KRI based oil co’s and a useful reminder of how little control G actually has over its destiny: a factor to remember when gauging the sp and find yourself about to suggest that it is ‘cheap’. For when the tribal elites of the KRG see any corporate pot building up nicely it’s effectively like fruit ready to pick, either directly or possibly via something more under the table. What a pity that Greensill weren’t involved in factoring the KRG’s payments back in 2019.

Ha! Actually I was being as genuine as I could manage bunks although it was plain that there would be no bounce. Your level-headed comments yesterday did take the edge off my venomous mood, although it has not dissipated entirely as my weekly round-up reveals. I had been confidently optimistic that G would reach 210 this year - with OP possibly set to go higher, production rising and payments flowing as promised - but I can't say I feel as sure now.

I think you are right SaleSale.
Time for all the funds raised to produce some cash flows.

Yes H. I'm not clear on whether they got something back though.

From the Weichai website 25/3/21 :
.......Prior to this, Weichai Power has already complete[d] strategic investment in Ballard Power and Ceres Power and became the largest shareholder of the both companies, which are global leaders in PEMFC and SOFC solutions respectively. With this strategic positioning into the fuel cell compressor technology, Weichai Power has taken another solid step forward to achieve the goal of becoming “Global leader in New Energy Business”.
https://en.weichaipower.com/media_center/news/202103/t20210325_70786.html

BP, which went ex-div a week ago, fell by slightly more than RDS today despite ex-div, 1290 got tested but was rejected and the recent plod sideways along the slow rising trend to 1450 by the autumn continues. Hopefully June & July will shake things up a bit.
https://invst.ly/usx6p

Kiss the line and continue up is the classic break away theory. Back down through it and it's 'tin-hat time', as AquaeSulis might say:
https://invst.ly/usv05

Good old Malcy. It's as well he's not a painter decorator because that thickness of gloss would never dry.
The whole sorry saga is, of course, due to a bank collapse rather than covid, whilst the very recently improved oil price is to blame for having boosted the rate of repayments as well as the KRG's income to the extent that they wanted even more. Bless!
His ‘modest tinkering’ refers to around $110m of unilaterally grabbed loan which may now, perhaps, be repaid over three years rather than eighteen months (possibly without interest?) , plus the likely removal of one monthly payment from this year's balance sheet. Very satisfactory I'm sure - smiley face!
(sorry bunks - to atone I did buy back 40% of that trading tranche I sold at 180 at the close)

Yes bunks - you are right.
I'll try to shut up until I've got something positive to say - like the bounce or BSD is happening. I'll watch the space meanwhile. https://invst.ly/usstj

The change of Financial Year from 31 March to 30 September. has not helped.
Apparently we'll get notification of unaudited interim accounts for the six months to 31 March 2021, by 30 June 2021.
It's a challenging job, obviously.
Publication of audited accounts for the 18 months to 30 September 2021, is due on 31 January 2022....
Are Iberdrola a TGP customer?