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High energy prices attract investors back to UK fossil fuel small caps
High energy prices have boosted UK small cap fossil fuel companies, lifting their share prices and allowing some to register rare profits.
Seven of the 10 best performing stocks on London’s junior Aim market are fossil fuel companies, with four focusing on UK oil and gas production, as the market rides the surge in prices since Russia invaded Ukraine.
While they collectively account for only a small portion of UK oil and gas supply, the prospect of a prolonged period of higher gas prices and the renewed focus on energy security have encouraged investors in a sector that had been struggling in the face of the global acceleration towards renewable energy.
“The point for us is not the staggering gas prices you have seen in the past months, but that long term gas prices are not going back to the 10 year average,” said George Lucan, chief executive of Angus Energy. UK oil and gas companies are “an attractive long term proposition for investors, particularly private investors” he added.
Source: FT
https://www.ft.com/content/c6c5a378-7563-4a15-adeb-592607130a10
£5.20 Gordon Albert
£ 5.13 Collin
£5.02 NSS
£4.80 Bobster
NNS @479 is exactly my current average. I am sure we will make good profit! The movement is a bit off chart today but as long as it’s 480 and above, good enough!
Thursday will be huge! You hear it from me :)
In fact, this exercise has some science there. There is a theory called the wisdom of the crowds.
“ The crowd isn’t always right, but in many cases where topics are complex, problems are large, and outcomes are uncertain, a large, diverse group may bring collective insight to problem solving that one smart guy or a professional committee lacks. One technique for leveraging the wisdom of crowds is a prediction market, where a diverse crowd is polled and opinions aggregated to form a forecast of an eventual outcome. The concept is not new. The stock market is arguably a prediction market, with a stock price representing collective assessment of the discounted value of a firm’s future earnings.”
So based on this theory and collective wisdoms here, the sp will be around 5.15 on Friday ! ??
Just curious, what’s the purpose of this exercise?
Warren Buffett’s Berkshire Hathaway Inc. boosted its stake in Occidental Petroleum Corp. to 26.8% after getting the go-ahead last month from US regulators to buy as much as half of the oil giant.
The new level of ownership, reported late Friday in a federal filing, is up from 20.2% as of Aug. 8, according to data compiled by Bloomberg.
Berkshire has spent this year expanding its ownership in Occidental after first making a bet on the Houston-based oil company three years ago. In approving Berkshire’s request on Aug. 19, the Federal Energy Regulatory Commission said the proposed stock purchases would be consistent with the public interest.
Source: https://www.bloomberg.com/news/articles/2022-09-09/buffett-s-berkshire-hikes-occidental-stake-weeks-after-ferc-nod
Brilliant. Now we will be trading in 480-640 range in the coming weeks! Swing traders ( like me hahah) are rushing in for this 30%!
Glad I added more yesterday. Thought the SP would repeated what happened last time!
Three next month? I thought only one! More to be announced ? The best deal I ever have so really pleased ??
Last year we had super stars like Novacyt GreatlandGold etc. This year we have Fum! Definitely holding!
Many of us might have forgotten this analyst report on March 19:
“The CE Mark is seen as a gateway for rapid product introductions in several markets globally, including many countries in Latin America, Middle East and South East Asia. Management has confirmed that it has received commercialisation proposals from a number of parties, and we suspect that these will now be progressed to completion relatively swiftly.”
So by March 19, commercialisation proposals from a number of parties! Negotiations ongoing and news imminent! Don’t understand why people panicking.
Anyone using IG here? I attempted to add some but couldn't get any quote. IG issue or FUM issue?
RB has Durex , Let Unilever have our little beauty Eroxon!
Many deals should have been reached before Friday, contingent on the company receiving the approval. So deals would be automatically activated now. Next weeks I think we will hear some news!
There was an article on Times or Sunday Times Tuesday about recent trend of investments shifting from technology to consumers and oil. One fund manager mentioned QFI. This should be the reason for the surge. Built my position here after reading the article!
As a deramper , Liam you done a terrible job. You exposed yourself, you annoyed people, and nobody trusts you. You should be fired by the company you work for .
Liam thing is a team. So we should address properly: it is ‘IT’, not he/his.
We all know Fum is a great investment, and it will change people’s life and make us good money.
Liam, I feel sorry for you that you cannot see it. To some extent, I admire your courage, stupidity and belief that you can bring the price down by fighting against the world alone.
But I will tell you: you won’t succeed. So let it go and get a life .
This share is slow burn, like my grandma cooking her soup. Slowly advancing, after hours and hours of burn, we got something amazing :)