Member Info for Infor

We need reminding that we are backing the right horse:
'day ahead pricing, at which the Company’s gas is sold, ranging from below 100p/therm to over 500p/therm in recent months. '
' Average 1H 2022 sales prices net of system fees were: 136 pence per therm including contract revenue'

'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.'

Just one or two distractions currently, but nice to see Day Ahead prices rise significantly for the third day on the trot.

The fact that Black Rock have bought back in must be a good sign and seen great value for money and the divi next week!

For me SQZ is a no brainer at the moment but its no good in the long run just to have £600m cash and not providing a return . So options are North Eigg secures their future, if not its not the end of the world, they will have to engage in the buy back and seek a merger.

Very good flex, thank you for that thread. Nice to see NBP well up from yesterday also.

Buying back in must be good news!

Might explain some of the downward pressure - Black Rock sold 952k shares @ ? Hope that's it for now

But after the SQZ divi on 27th Oct...

HBR has been following BP until the last 10 days or so. Yes there has been some extreme volatility in the Gas prices, but as you say the fundamentals are there. In one month BP +1%, HBR -21% why for f**ks sake? I am looking to get back in when this nonsense has finished (before Nov. 4th).

Interesting they've kept a wide spread on the SP all of today, obviously trying to iron out huge movements, but despite this it's a start and moving in the right direction. Looks like we followed BP's movements today pretty much but on a more exaggerated scale.

Well I'm all in now at 310p. Looking forward to the divi with 6% more shares, did the same with HBR which paid off nicely. If not, still take the divi and sit back and wait. £856m market cap when they've probably got around £600m cash and equivalents speaks for itself. We wait for North Eigg, if that doesn't come off we'll merge either way SP has to rise in the medium term.

Except HBR produces 40% natural gas

Thank you New, when are we going to bottom out?

Whilst we're waiting for the right moment to maximise the dividend next week, quite a full article on the current and future outlook:
https://www.cityam.com/experts-says-energy-bills-will-stay-high-despite-gas-price-slump/

Thanks for the divi HBR!

Some snippets to keep your pecker up:

'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.'

More to come....

This is one site:
https://www.marex.com/services/data-advisory/market-data/market-data-indices/
It doesn't help having 35 LNG tankers drifting around the Spanish coast waiting to be offloaded. I am sure once this over supply issue works its way through, with China stopping all exports of LNG to ensure their own needs and with the cold weather coming, things will pick up. Just another crazy week in the life of the energy market.
SQZ have made hay and some to weather this glitch.

Oh ****:
https://www.hellenicshippingnews.com/europe-gas-prices-fall-on-weak-demand-mild-weather-steady-lng-arrivals/
I guess a lot of this has already been priced in fingers crossed. Just wait for the divi...

'Dutch and British wholesale gas fell on Tuesday as low demand due to warmer-than-usual weather and ample supply due to the steady arrival of liquefied natural gas (LNG) tankers put pressure on prices.

The benchmark front-month Dutch contract dropped for the fifth consecutive trading day and was down 13.50 euros at 116.50 euros per megawatt hour (MWh) by 0858 GMT, the lowest level since mid-June.

The British day-ahead contract fell by 23.00 pence to 35.00 pence per therm.

“Weak demand and comfortable supply continue to exert strong downward pressure. New weather forecasts pointing to warmer temperatures provide additional downward pressure,” said analysts at Engie EnergyScan.'

Thanks Shakey, I thought it was a bit easy to understand for us simpletons but can't be far off the other markets?