Member Info for johncut

TRIG has found a new sugar daddy balance sheet. With gov meddling there's less risky opportuninties for 8%

I will most defintely take up the cash out option and wait on a HICL SP recovery and sell the lot.

Https://www.youtube.com/watch?v=mW1NoObCfDY

I'd also point you to Aker's 3rd quarter presentation, page 10. There's a map showing their exploration which is right on the north sea border with UK. These guys will drain that basin before we get there! In all seriousness though there's a shed load of oil still there if gov would let them explore.

https://akerbp.com/en/investor/third-quarter-2025/

Margin improvement of 3% across instore retail bodes well for January. Online performance very poor though and should be a focus as will bring down overall results if loss making. General poor UK environment though probably holding back a lot of FTSE250 company share prices.

What is not known is when selling assets what is the loss in income from that asset. Is this disclosed? If they sell every year then income is also reducing. Generation estimates have seemingly come up short in recent years.

Another way to look at it is when they come calling for a rights issue to raise equity so can then refinance and see what the SP looks like then. Read across to Regional reit.

High debt, uncovered dividend (without selling assets), higher UK gilt rates (risk off), no capital for buy backs, future cleanup bills / capex replacement. Probably just some of the reasons. Not been a great stock.

FGEN going the same way although less debt and they've been actively trying to reduce costs. This is less risky but to be honest there's unknown around all Enviro trusts.

Hopefully Saba or private equity will take these out close to NAV so we can get some of our money back or just cut and invest into something else.

I watched an interesting video on the Brent oil fields with the 4 rigs that were retrieved, brought a shore and then recycled up to 97%. Lots of metal i imagine had decent monetary value. Composite materials not so (i imagine).

https://www.youtube.com/watch?v=wC-xz69_vjc

Just because you don't agree doesn't mean he's wrong about decom costs. Also makes you think that from an environment point of view that the concrete pads are left behind on and no doubt off shore is hardly eco-friendly. At least oil and gas can afford their cleanup and are upfront about costs.

I own FGEN, NextEnergy and Trig. All have been a big crock of sh$t. As with everything having a nuanced view.

Me personally i think they have a bit further to fall before M&A kicks in to buy them up on the cheap.

(Just on the old blades - what happens to these! Cut them up and bury? Am interested to know if can recycle any of it)

Are we all holding on for dear life?

No axe to grind here just like to hear all angles not just the bull case.

3% of my portfolio not the IT itself! Started off with 1% earlier this year and then recycled some cash from bigger miners to here where there's more value.

Like i said its cheap and just need to wait.

Ah i see that user Sher-Lock was going back to 2014 when comparing current in circulation.

38M in circulation + 11.5M or so in options so can be diluted a further 30% ish and then i guess any other share based incentives that may be dished out. Its still underpriced and as the results are delivered so far looking back it takes a while for SP to catch up.

As another poster added - there has been big dilution in share count. How many more awards to insiders are there. If share could was the same as before you could argue SP would be a £1 already. I own around 3% in this and would add more but just have that doubt more dilution is around the corner.

I maybe way off but but something to watch as won't be highlighted and also no Q&A when they release results.

80koz would be similar to THX who is currently on a £400M valuation. 20% is £80m. Need some capex to get there but upside is crazy.

SQZ CEO impressive guy. Remind me of Concurrent CEO.

They need revenue fast and this is one way of generating it. Shame its taken a beating this far that a lot of investment taken away however SQZ i think are well placed to really pickup the pieces.

Buying these assets for $2 boe when as a company they're valued on $8 boe.

Rachel Reeves has suggested Labour will soften its crackdown on North Sea oil in a blow to Ed Miliband’s net zero ambitions.

Speaking at Labour’s annual conference, the Chancellor pledged to support “homegrown energy” and said this included oil and gas extracted from the North Sea.

Mr Miliband, the Energy Secretary, is under increasing pressure to water down a proposed ban on North Sea oil and gas licences amid Britain’s increasing dependency on costly imports from abroad.

Last week it emerged that Mr Miliband was considering weakening his proposed ban by allowing energy companies to drill new oil and gas fields adjacent to existing ones.

Exploration of the North Sea continues despite the Government’s plan to stop drilling. Shell said on Tuesday that it had opened a major new gas field west of Shetland, which at its peak will have enough capacity to supply around 2pc of the UK’s homes and businesses.

In a speech to businesses on Monday night, Ms Reeves said: “I talked about homegrown energy, and that is renewables but it is also in the North Sea as well.

“Ahead of the Budget, we should be publishing our North Sea strategy, which I hope will give some certainty to [the sector] to be able to invest in the UK.

“We are going to be reliant on oil and gas for many years to come, and I would prefer us to be using oil and gas from the UK than importing in from overseas.”

Love the smell of some shorts burning in the morning.

Buy backs most efficient when asset below NAV. Gold price cyclical so would ultimately work best when at a cyclical low which we are not. Unforutnely companies only ever buy back in the good time. Oil / Gas at the moment very good because oil price at cyclical lows. IMO would be best to build cash, spot opportunities to build reserves and build out production.

Something must be brewing right...no movement during the gold sideways movement all summer and now full on hockey stick.

Is this a buy the rumour sell the news moment.

am always impressed listening to ceo miles ad****