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A lot of in fighting going on on the other board, particularly against someone who makes one of the most valuable contributions which is most disappointing to see.
In fighting, extreme bearishness and extreme bullishness can be used as contrarian indicators in my opinion.
https://www.youtube.com/watch?v=3m5qxZm_JqM
A bit of fun, it's important to have a sense of humour.
On a more serious note RSI on the chart has never been this low in the history of the stock, I'm more of a fundamentalist than a chartist, but given the last time the RSI was this low was when WTI was negative and JSE's assets/production/oil in ground etc was much lower than now it sort of feels like https://www.youtube.com/watch?v=vjD3EVC1-zU
It hasn't been commented upon, but I'm sure most have noticed the new chairman is a director of the Cameroon Oil Transportation Company.
A board member purchasing $2m of shares like this isn't something you see often on the AIM! Unlike the 3 diversity hire non-exec appointments last year that won't add anything to the company, it is clear in this instance the best man for the job has been hired and his background exceeds my expectations and will clearly be of great benefit to the company. Good show!
The Cameroon deals give more confidence that SAVE can just milk the Chadian assets. Chad can't touch international bank accounts they don't control so no "nationalisation". Though if I was SAVE's CEO I wouldn't ever set foot in Chad as they will likely try and bump him off either subtlety with something like Polonium or not so with a bullet or machete.
I am getting a little concerned that SAVE's renewables portfolio will get too large too quickly and be a significant drag on potential investment returns compared to if they were a pure O&G play. See BP's walk back on renewables recently as well as the great research in their last quarterly report by Goehring & Rozencwajg on this matter. However, appreciate that supplying up to nearly half a country's power provides a lot of bargaining power and gravitas when it comes to future O&G deals (including confidence to the Majors that they're disposing their assets to the right sort of company), tax negotiations, negating bureaucracy, greasing palms, preventing governments from withholding revenues due for SAVE (SAVE could literally turn out the lights!) etc and I imagine the influence this brings is a big reason the company is pursuing this path. I can also see the world bank and other funders offering very low interest rates and beneficial terms in their efforts to foist their net zero nonsense on the 3rd world thus increasing the returns for SAVE.
Regarding the troubles in Sudan given the importance of the oil assets soldiers on both sides would be told if they blow up anything oil related they'll be lynched. I'm confident the spice will flow regardless of the situation. MT recommended some time ago the book "The World for Sale" by Javier Blas, which is about the commodity traders who deal with and finance these regimes. It will give a lot of peace of mind and I'd thoroughly recommend it - even more so to the youngsters on here as it will give a great insight into how the world operates.
Regarding lifting the suspension I would prefer it if this happened once the SS deal has been signed off by all relevant government departments and the assets are SAVE's. Not doing this after Chad will undermine the share price.
Onwards and upwards!
Given the investment case before me when I bought most of my shares in 2020 I'm very happy.
Whilst it will be difficult for the market to bank the full revenues from Chad, I believe these should be retained for as long as possible and used to pay down debt, which the market will bank
The new AFAM III power plant (thanks TrustILie) with capacity of 240MW is completed this quarter on the doorstep of the Accugas pipeline so look forward to serving gas to them in the not too distant future. SAVE already have a GSA with TransAfam Power Limited. SAVE have a a GSA to supply Calabar Electricity Generation Company. The Calabar power station has installed capacity of 560MW and SAVE's take-or-pay commitment is 131 MMscfpd so potentially half of that to the new AFAM III power plant once it ramps up production.
https://www.energyfocusreport.com/power-transafam-to-increase-electricity-generation-by-240mw-in-2023/
https://www.savannah-energy.com/operations/nigeria-3/our-assets/
It's also worth reminding ourselves that Nigeria's electrical power consumption is 10 times less than fellow 3rd world country India with lot's more power stations in the pipeline! https://www.savannah-energy.com/operations/nigeria-3/market-opportunity/
I also continue to believe the clear macro case for high oil prices this decade due to woeful investment in upstream businesses from most O&G companies the last ten years resulting in a lack of supply and the net zero fad that has permeated many 1st world countries (climate change has been happening since the last ice age) and discourages the O&G majors and banks to fund upstream investment. Electricity prices in the 1st world will continue to go through the roof to bankrupt their manufacturing base who are starting to locate to countries with much lower electricity prices sourced from non-renewable energy. I do sometimes wonder if working class people grasp this and that the political parties that claim to be their most ardent supporters are the ones foisting this fad upon them the most. Australia seems to be the only country with some debate about this net zero nonsense https://quadrant.org.au/opinion/doomed-planet/2023/02/climate-change-its-cyclical-not-linear/ To those with skins thinner than the surface tension of water that this may wind up I would caveat that I want to reduce pollution of the air, seas and land along with stopping deforestation.
Claiming that climate change is man made given the extremely limited time period of a reliable data set of temperatures from the last ice age and the cancellation of climate scientists who disagree with the prevailing death cult narrative (the purpose of science is to try and disprove the work of other scientists to reach an agreed position), just doesn't sit easy with me. I prefer to live my life in reality and my parents paid a lot for my schooling which taught me to think critically, question everything and not let my emotions override logical thought and
Howdy. This link was posted last week by Port Harcourt City and details the progress of the deep sea port in the backyard of SAVE's Accugas pipeline https://www.youtube.com/watch?v=Ff1TeKh_KQw 07:30 is the best place to start
An in depth feasibility study including geotechnical and geographical studies started last year which concludes in May 2023.
Further details can be found here http://www.idsp.ak.gov.ng/ it will be one of the biggest ports in the world and the 14,000 hectare industrial city off the back of it will have significant gas demand directly from industries requiring gas and indirectly from power stations supplied by Accugas. Over 2 years ago the news of this port coincided with a significant increase in the share price.
https://bisoninterests.com/content/f/buffett-buys-oil-gas-stocks
In depth article with some interesting charts
https://bisoninterests.com/content/f/buffett-buys-oil-gas-stocks
In depth article with some interesting charts
https://bisoninterests.com/content/f/buffett-buys-oil-gas-stocks
In depth article with some interesting charts
https://bisoninterests.com/content/f/buffett-buys-oil-gas-stocks
In depth article with some interesting charts
https://blog.gorozen.com/blog/the-commodity-bull-market-has-only-just-begun
Worth looking at just for the chart. Pull back from the hourly / daily timeframes some on here seem hooked on and check in on the bigger picture!
https://mobile.twitter.com/CornerstoneOil/status/1541667055023394816
30 second clip from 3 years ago showing the German delegation at the UN laughing at Trump as he warns them about their overreliance on Russian energy...
https://m.youtube.com/watch?v=FfJv9QYrlwg
30 second clip from 3 years ago showing the German delegation at the UN laughing at Trump as he warns them about their overreliance on Russian energy...
https://m.youtube.com/watch?v=FfJv9QYrlwg
Pt 2
Meanwhile, Italy has already begun rationing the use of heating and air conditioning within its public sector, mandating the likes of schools and public offices to never set their thermostats under 25 degrees celsius (77°F) in the summer and over 19 degrees (66°F) in the winter.
“Do we want to have peace [in Ukraine] or do we want to have the air conditioning on?” the country’s europhile Prime Minister Mario Draghi previously asked the public, despite the fact he has so far not been willing to hear the word “no” for an answer.
However, whether he listens to them or not, it seems Italians, in particular, may be turning against their state’s support for the Ukraine war, with the left-wing populist 5 Star Movement — a party that is currently in government — collapsing into infighting over the issue, to the point that it now threatens the future existence of the party.
This has resulted in an exodus from the party that has seemingly been led by the country’s sitting Foreign Affairs minister, Luigi Di Maio, who lambasted his old party as being “immature” over its failure to give proper support to his government’s support for Ukraine.
This is not the sort of story that makes you concerned about energy prices plummeting...
https://www.breitbart.com/europe/2022/06/27/public-must-immediately-cut-energy-usage-to-curb-threat-to-political-cohesion-energy-companies/
Energy companies in France have told the public that they must “immediately” reduce their energy usage as a result of Europe’s sanction war with Russia.
As a result of a sanctions war between Russia and Europe, the French public must now “immediately” cut back on the amount of energy they use, the heads of three major energy providers in the country have now said.
The demand comes shortly after Moscow dramatically reduced the amount of gas it is supplying to some European countries, while completely cutting off others seemingly in retaliation for sanctions imposed on Russia by Western powers.
According to a joint statement penned by the three energy tsars published by Le Journal De Dimanche, the extremely precarious energy situation now means that the French public must “immediately” cut back on their energy usage, or risk leaving the country in a vulnerable situation.
In particular, Engie Managing Director Catherine MacGregor, EDF Chief Executive Jean-Bernard Lévy and TotalEnergies CEO Patrick Pouyanné outlined rising prices as a result of the crisis as something that threatens the “social and political cohesion” of France.
“Acting this summer will allow us to be better prepared to tackle next winter and in particular to preserve our gas reserves,” the statement penned by the three reads.
“We therefore call for awareness and collective and individual action so that each of us – each consumer, each company – changes their behaviour and immediately limits their consumption of energy, electricity, gas and petroleum products,” they continued.
“The effort must be immediate, collective and massive,” they went on to add. “Every gesture counts.”
The statement from the three French energy company heads comes as neighbouring Germany comes ever closer to economic cataclysm thanks to its overreliance on Russian energy exports that have now almost totally dried up.
In part a result of the country’s climate crazy agenda the state’s addiction to Russian gas, in particular, has left authorities in the country struggling to figure out how they could possibly keep the power on come the winter.
Having already appealed to the public to conserve energy, the country’s climate and economic minister, Robert Habeck, is now saying that he may be forced to shut down industry in order to keep the German grid afloat.
“Companies would have to stop production, lay off their workers, supply chains would collapse, people would go into debt to pay their heating bills, that people would become poorer,” the Green party official said regarding the plan.
https://mobile.twitter.com/CornerstoneOil/status/1541667055023394816
30 second clip from 3 years ago showing the German delegation at the UN laughing at Trump as he warns them about their overreliance on Russian energy...
https://m.youtube.com/watch?v=FfJv9QYrlwg
Pt 2
Meanwhile, Italy has already begun rationing the use of heating and air conditioning within its public sector, mandating the likes of schools and public offices to never set their thermostats under 25 degrees celsius (77°F) in the summer and over 19 degrees (66°F) in the winter.
“Do we want to have peace [in Ukraine] or do we want to have the air conditioning on?” the country’s europhile Prime Minister Mario Draghi previously asked the public, despite the fact he has so far not been willing to hear the word “no” for an answer.
However, whether he listens to them or not, it seems Italians, in particular, may be turning against their state’s support for the Ukraine war, with the left-wing populist 5 Star Movement — a party that is currently in government — collapsing into infighting over the issue, to the point that it now threatens the future existence of the party.
This has resulted in an exodus from the party that has seemingly been led by the country’s sitting Foreign Affairs minister, Luigi Di Maio, who lambasted his old party as being “immature” over its failure to give proper support to his government’s support for Ukraine.
This is not the sort of story that makes you concerned about energy prices plummeting...
https://www.breitbart.com/europe/2022/06/27/public-must-immediately-cut-energy-usage-to-curb-threat-to-political-cohesion-energy-companies/
Energy companies in France have told the public that they must “immediately” reduce their energy usage as a result of Europe’s sanction war with Russia.
As a result of a sanctions war between Russia and Europe, the French public must now “immediately” cut back on the amount of energy they use, the heads of three major energy providers in the country have now said.
The demand comes shortly after Moscow dramatically reduced the amount of gas it is supplying to some European countries, while completely cutting off others seemingly in retaliation for sanctions imposed on Russia by Western powers.
According to a joint statement penned by the three energy tsars published by Le Journal De Dimanche, the extremely precarious energy situation now means that the French public must “immediately” cut back on their energy usage, or risk leaving the country in a vulnerable situation.
In particular, Engie Managing Director Catherine MacGregor, EDF Chief Executive Jean-Bernard Lévy and TotalEnergies CEO Patrick Pouyanné outlined rising prices as a result of the crisis as something that threatens the “social and political cohesion” of France.
“Acting this summer will allow us to be better prepared to tackle next winter and in particular to preserve our gas reserves,” the statement penned by the three reads.
“We therefore call for awareness and collective and individual action so that each of us – each consumer, each company – changes their behaviour and immediately limits their consumption of energy, electricity, gas and petroleum products,” they continued.
“The effort must be immediate, collective and massive,” they went on to add. “Every gesture counts.”
The statement from the three French energy company heads comes as neighbouring Germany comes ever closer to economic cataclysm thanks to its overreliance on Russian energy exports that have now almost totally dried up.
In part a result of the country’s climate crazy agenda the state’s addiction to Russian gas, in particular, has left authorities in the country struggling to figure out how they could possibly keep the power on come the winter.
Having already appealed to the public to conserve energy, the country’s climate and economic minister, Robert Habeck, is now saying that he may be forced to shut down industry in order to keep the German grid afloat.
“Companies would have to stop production, lay off their workers, supply chains would collapse, people would go into debt to pay their heating bills, that people would become poorer,” the Green party official said regarding the plan.