Member Info for davidblack

EQT Is The Best E&P To Play The U.S. Natural Gas Price Rebound

https://seekingalpha.com/article/4356240-eqt-is-best-e-and-p-to-play-u-s-natural-gas-price-rebound

The other side to this issue is that the forestry industry everywhere needs a solution to waste wood. It’s a major cause of summer fires everywhere but especially in California and the Iberian peninsula.

And as forestry is a pretty low profitability business turning an insurance risk into a modest revenue flow makes sense for the lumber industry.

Looks like there may be quite a few more of these along the way.

Try Saxo a Danish platform that my son uses opening an account whilst in the UAE and still with it in London. Apparently great overseas order fulfilment and it’s reasonable on cost.

The shorters are out it would appear.

Shame they didn’t spot the double announcement.

Firstly the collaborative deal and it’s likely follow on introductions to other developers of green parks in Ireland and the U.K. more generally. That was the easy one to spot but may get painful for the shorters if a second deal is in the works?

The bigger “Announcement” was that if you run an ESG investment fund EQT is a suitable candidate to add to the portfolio and a welcome balance away from more theoretical early stage plays. I am going to predict a steady stream of institutional buyers Accumulating stock from the open market.

Now that may well be the thing to squeeze this a lot higher? And then chip in some more contract wins.

LayIng off the funny tobacco might be good for your sight?

Great announcement this morning indicating a new strategy of using partnerships to leverage the roll out of the technology.

Also good as ESG investment funds will be happy to lend sizeable funds as part of wider general green property transactions rather than specialist waste projects.

Depending on whether it’s a cook up or planned there is some logic to having two websites for a short while.

It’s to do with preserving the links so that the search history of the company is not lost and retaining the natural traffic.

Not the most elegant solution as if you do it properly you should be able to switch on the change but often it’s screwed up by the IT bods.

But then again it might simply be laziness!

A hard working compliance bod cleaning up ahead of the month end reporting deadline. After that if it’s not disclosed it moves from incompetence to wilful!

The EQT potential client roster has taken the best part of a decade to put together and probably amounts to a net sunk cost of between £7m and £10m made by DP and prior management teams plus it takes time. Both sunk costs and timespans are not recognised by new international accounting standards (where is old fashioned “Work in progress” stock that existed before the new accounting order!)

Anyway whilst some will see a contract win in Greece, the US or Billingham as a windfall event in truth they are long in the making and a portion of them will go from “Hope” to reality.

The secret here is to wait, especially since with the new funding coming from warrant exercise this company is financially sound for the next few years once you factor in the odd project revenue that seems to come in regularly.

But yes a placing, but not until this has trebled following the first of those big commercial wins. Say £10m at 1.75p?

Some 15 year sentences in Turkish jails might be helpful?

Yep probably after the contract win in the US and the confirmation at Billingham.

Pencil in your placing at 2.5p

Their heading for the exit as the sell TXP to protect their remaining portfolio which got hammered due to its exposure to higher cost oil production assets which they think will come back?

A proper consolidation after such a rise clearly will be good for the stock.

That’s not to say it’s not painful for long only players like myself wishing to have sold at 0.88p and buy back here!

Mind you if I had tried that I would have done so a 0.3p, 0.4p, 0.5p and 0.6p and screwed it up each time.

Ken McKinnon also a non exec bought 190k at 28c which cost him C$53,200 and did not sell any to cover the cost.

Quite a statement in a Canada where you can get a 55% tax right off if you choose carefully. It’s called Flow Thru

Clearly Mr McKinnon is happy TXP will do quite nicely without any tax breaks.

Sorry for the use of a phrase not often heard north of Leeds!

As to Scott Bros being good or bad their profits have slipped each year since 2016 which is as far as looked back with tightening margins. A classic UK small business position.

All that has happened today is Cobra and Eqtec have removed Scott Bros from the negotiating table which reduces the ability of the equity funders to play games during the negotiations because they no that the other side have a weak point.

Also that slice of the project equity could be seriously valuable once the finance has been sorted. And sometimes you have to remind yourself that DB started out in VC Investment so knows the game well.

Scott Bros couldn’t put a dime into this project, they are just the enabler. Go and check the accounts at company house.
£336k of working capital to fund a £7m turnover with a £277 operating loss before tax this year and a balance sheet of only £2m.

Their finance director will be delighted when he receives the modest fee for the project to keep them ticking over. The fee will be modest because Cobra/Eqtec are the only possible buyers at this stage.

More likely Cobra are leading the process and want to partially finance it so need to simplify the parties. Eqtec are required on an ongoing basis post delivery so are needed as equity participants at least until the commissioning phase is over and then could sell their interest to a long term utility funder.

All looking good and nice the extension is so short as it implies things are moving.

Also being able to handle mixed or less screened waste Is a huge advantage for those moving from landfill to “Waste to power” solutions. The biggest issue in handling all waste is the amount of filtering that needs to happen before that waste becomes an economic resource rather than a cost.

Hopefully that is the “Gordian Knot” that EQT can leverage off with the EU’s future restrictions on landfill only likely to increase any advantage they have.

Wasn’t that 2.14p or do you know something about a consolidation when they announce their next contract win?

Not sure that anyone can be certain given the absence of 3D seismic on either Cascadura or Chinook.

This is the seismic as I understand it:

“Coho is covered by a modern 3D seismic program shot in 2007 by BG. This same 3D extends quite close to Cascadura and Chinook but it does not cover the actual locations, those are supported by 2D lines which are a little bit older.”

What would be success?