Member Info for Infor

Nice buy back tonight :)

Our shorting friends need to decide when to buy soon I sense...

Drop of 8% ex-divi I would expect but not 12%. Market obviously not impressed enough with quarterlies. Are the MMs going to let this drift into oblivion?

https://oilprice.com/Energy/Energy-General/European-Natural-Gas-Prices-Jump-As-Cold-Weather-Closes-In.html

“Prices are back up again as of today (Wednesday) … as the overnight runs of the major weather forecast models locked on to the possible arrival of widespread below-average temperatures around mid-November,” analysts at energy consulting firm Gelber & Associates said."

Encouraging report. I can't get over how few shares are traded here.

I like the fact they are directing their free cash of $2bn towards items that they can off set against the WFT and shorters.

Very good quarterly report:
https://www.moneycontroller.co.uk/finance-news/quarterly-report-30-september-2022-910541

Incredibly low volumes, big spread and not linked to the movement in price of the metals it mines. Both Platinum and Palladium up 2% today. I suppose it's still licking it wounds from the large divi.

Just a theory, BP's SP hasn't jumped today because it's already been built into the price over the last month +8%. In the same time however HBR is -14%, probably because of the shorting activity and sentiment so you would think HBR's SP might improve ahead of Friday's bumper profits, dividend announcement and.....

https://uk.news.yahoo.com/russia-could-sabotage-norway-to-uk-gas-pipeline-after-naval-base-attack-121137008.html

I wouldn't put it past him, he's getting desperate!

The divi was paid on the 19th into my HL 'income' account - no problems

SQZ will have paid out 17p this year approximately 5%. They are obviously dependant on the cash they generate. SQZ are just keeping up with the Jone's at the moment and retaining cash for security lodged with commodity hedging counterparties and for potentially future North Eigg developments. I still think they need to a bit more to provide a decent return and still leave themselves open for another Kistos type approach which this time round will be difficult to defend.

I'm not looking for gains in the day, nice if it happens. I've taken a nice dividend in SLP (another hugely cash generative business) which I'll probably stay with now, and try and catch HBR and SQZ on the rise, still down a bit this time round on HBR but hoping 4th Nov results will send them up again for now. There's no doubting SQZ's potential and I hope I don't miss it when it happens. Still a very sentiment driven stock for now and HBR is no certainty either with the shorting activity thats taken place recently but I reckon it's their turn.....

I posted this on the 19th Oct:

'End June 2022 futures pricing was strong and, if realised, would deliver greatly increased gas sales revenues during 2H 2022 and 2023.'

'As of 23 September 2022, the Company held cash and cash equivalents of £282.6 million plus a further £199.8 million lodged as security with hedge counterparties. This is after settlement of the initial tax instalment referred to above, the 2021 final dividend, initial North Eigg drilling costs and additional hedging security advances.'

I reckon SQZ should have taken advantage of the silly prices during August/Sept and have ticked along nicely since then. Day ahead prices will improve as it gets colder. It's not unreasonable to think that they will have at least £600m by end of year, having had £483m on September 23rd, and can generate another £200m by end of Feb during the coldest months.

I sold most of mine at 333p and took the divi. Will deffo come back in, just waiting on HBR quarterlies to boost their SP first.

At this price SQZ will have more cash than their market cap by the end of February.

Big jump in NG to 317p

+1% growth in SP YTD, BP +34% , the market must wake up to this surely.

It's bonkers - On Friday Harbours quarterlies should show similar profit margins to Shell's, NG prices have probably bottomed out and are on the rise again and Brent has been steady all through this. Expect another Divi announcement also.

This will be a massive mover soon; remember to 425p offer from Kistos a couple of months ago!

It's a crazy low price. SQZ need to indicate what they propose to do with their massive cash mountain it probably represents about 70% of their Market Cap! An early update on North Eigg might help.