RE: West newton no oil17 Sep 2022 22:28
Considering we have an energy crisis in our country you still just keep sticking your snout in Hamilton Pete.
West Newton an Wressle gas are both in fantastic locations with infrastructure an plans in place for Blue Hydrogen ..
Wressle has Killingholme where Uniper has signed an agreement with Shell to progress plans to produce blue hydrogen which could be used to decarbonise industry, transport and power throughout the Humber region. West Newton gas could be feedstock for H2H, Keadby an Aldbrough for Blue Hydrogen.
The energy transition is a balance an our gas will be part of the solution. For someone who protests so much I hardly see you biking around the sites but driving your car. I note the Biscathorpe appeal is drumming up support to sing songs an " can I have a lift ? " requests posted on Facebook... I mean what a 'p' take. Walk if you don't support fossil fuels.
Value can be found in cheap oil at the moment an this will end Christmas time when demand increases with China opening up an SPR coming to an end. Iran agreement not looking good either. We have a market in deficit an the oil price will go higher. Joke is will Biden make money buying back his SPR .. I say one big no. Also I think the Fed have raised rates probably too much now an have over reacted. Again not good. With gas price soaring an oil price coming down on headlines this will not last with a structural imbalance. I remain very bullish on oil which will only be great for Wressle revenues.
This is a generational opportunity for energy stocks...debt free, free cash flow, divis an share buy backs.
Hamilton Pete... Biscathorpe appeal is in the bag.
Goodnight.