Member Info for Infor

'The pound has jumped as the dollar weakens following the weaker US inflation figures.
Sterling is up 1.759% at US$1.1957, while Wall Street futures have jumped sharply higher.
The Dow Jones Industrial Average is showing a 1.02% gain, S&P 500 futures are up 1.75% and Nasdaq Composite is 2.82% ahead.'
But the FTSE 100 is unmoved by the excitement, down 1.64 points at 7383.53.

They have extended the life of their wells until 2035
https://www.youtube.com/watch?v=6CkQQfrnA2E

Apart from a merge/take over kerching either way!

If you like Gas, not too late to buy SQZ

Normally a good sign when BP is on the move up

Be patient, it will happen:
https://www.farsnews.ir/en/news/14010824000585/EU-Gas-Prices-Sar

That's a massive endorsement in my mind. Gas future's well over 300p. NBP prices will rise soon as soon as the continentals start refilling - cold weather on the way.

Thank you Danger Mouse. China can't wait until March to lift all restrictions, they are doing themselves too much damage. They will be putting demand on excess LNG soon which will drive up NG prices.

HBR are going to have to add £1bn to their market cap to stay in the FTSE 100 or 30%

Gas futures back up to 300p. Once the winter kicks in in a couple of weeks time with China coming out of lock down, europe are going to have to start refilling - watch the price rise.

They will have to extend the Levy to the electricity generators this time round, they have no choice:
'The levy does not apply to the electricity generation sector. However, certain parts of it have also seen extraordinary profits partly due to record gas prices. As set out in the Energy Security Strategy, the government is consulting with the power generation sector and investors to drive forward energy market reforms and ensure that the price paid for electricity is more reflective of the costs of production. Those reforms will take time to implement. In the meantime, the government will urgently evaluate the scale of these extraordinary profits and the appropriate steps to take.'

HBR are by far the lowest valued company in the FTSE 100
https://www.londonstockexchange.com/indices/ftse-100/constituents/table

In any case the board will not want to crash back out of the FTSE 100 next month so soon after re-entering. Linda is under pressure here.

Market cap of only £2.96bn, t/o of >£5bn, £2bn of free cash, buyback has recommenced. Fundamentals are there. Be patient.

They will direct more WFT towards the electricity generators. They can not clobber our upstream producers if we want more investment in energy self sufficiency. This SP is comically low, cash is king and SQZ has £600m of free cash and equivalents compared to a market cap of £800m!!!! Having said that the board have to convince the market where. the return is coming from - North Eigg, buyback and dividends.

I think it's going to be quite exciting over the next couple of weeks:
https://oilprice.com/Latest-Energy-News/World-News/Natural-Gas-Prices-Spike-As-Cold-Front-Looms.html
And if North Eigg comes in.....

priced at where they were pre war - like they've done nothing since then right?

If you want a potential takeover bid - buy SQZ

A lot of us have been here before and know that the price is driven by major shareholders positions (well documented) and our shorter friends. Stick with the fundamentals 12 months ago Brent was around $70 and rarely been below this since and NG had risen to current levels. Yes there has been an over supply of LNG, but the lowish price is only going last until winter takes hold and Europe has to start refilling in a couple of months. Market cap of £3bn is laughable with a t/o of $5.5bn and could be nett debt free but probably retained their $2bn of free cash to fund their hedging positions and who knows merger talks perhaps. WT can be offset. I think this has more or less bottomed out and there is only one direction from now. Might be wrong - I remember 298p!

(Bloomberg) -- European natural gas advanced, rebounding from a recent slump, as temperatures are set to turn colder in parts of the continent after a period of abnormal warmth.

Benchmark Dutch futures rose as much as 6.6% after losing 15% last week. It should get cooler in Germany and parts of Northern Europe by the coming weekend and into early next week, according to forecaster Maxar Technologies LLC. That may force people to start using heaters after a prolonged delay thanks to what had been unseasonably high temperatures.

EUROPE WEATHER: Short-Lived Cold Snap Forecast for Berlin

In addition, outages in Norway are curbing supplies, with the Asgard field halting operations due to “process problems,” according to network manager Gassco. The field’s platform will remain shut for the time being after a fire in a transformer on Sunday, the operator Equinor ASA said.