Member Info for MarktheSpark

Drill or Drop report that Nottinghamshire County Council announced today it had issued formal planning permissions for IGas sites in Bassetlaw, at Springs Road, Misson, and Tinker Lane, between Barnby Moor and Blyth flollowing completion of legal technicalities. Now that is proper good news.

Not so worrying..... Jeremy Corbyn Diane Abbott Higher taxes Terrorist apologists Last year more than 50% of Labour MP's expressed no confidence in his leadership. Buy before first results from Third and/or Cuadrilla ....

I guess Weir SP being held down by concerns at Petrofac and Wood Group rather than fundamentals. I think you call that a buying opportunity.

The world’s second largest oilfield services company, Halliburton, has said that it expects to increase its prices by 10-20% this year as demand from fracking companies increases. Looks like the pricing pressure, mentioned by Weir as restricting revenue in their recent Report, is now relenting.

It's still over two weeks to polling, the Tories haven't even begun to get their knives into Corbyn. Remember that last year nearly two-thirds of his own MP's expressed no confidence in his leadership and today he has again refused to condemn the IRA. Basically my view is that if Corbyn spent just a tenth of the time he spends planning how to spend our money on planning how he might help the country earn it then I might consider voting for Labour again.

........and it was!

A few positives for IGAS.. Regarding shale development... 1. According to the Sunday Times, Third Energy is understood to be drawing up plans to list on the stock exchange and hopes to raise £250m from the move. The value given to Third will be a read across to IGAS. 2. Conservative support for shale gas. 3. Concerns about the closure of Rough storage facility will increase media focus on energy security. 4. Imminent first exploratory fracking by Third and/or Cuadrilla. And on the conventional side.. 5. OPEC agreement this week likely to extend cuts for at least 6 months moving oil demand/supply more into balance. 6. Trump's anti-Iranian rhetoric likely to be seen as possibly presaging a return to restrictions on exports, further restricting world supply. 7. Economic and political situation in Venezuela seen as going into crisis. Seems to me these are sensible reasons (amongst others) why investors, both private and institutional, might see Igas as undervalued at present. No doubt the SP will now be down tomorrow!

Another decent rise today, looks to me like commodities and energy are coming out of the doldrums and Weir will benefit as much as most. Wouldn't surprise me to see a revised profits forecast sometime in the next 3 months. Mind you I'm personally anticipating a major stock market correction across the world when the huge credit bubble in China and the U.S. bursts- in the Autumn my guess.

Nice kick up this morning on the basis of Deutsche Bank recommendation and rise in the POO. With the OPEC agreement likely to be extended at the end of May and the oil price heading northwards, anyone looking to take over Weir will have to get in pretty sharpish as the SP is heading back to 2100.

Very true, it's called investing on AIM.

Yeah, I expect you'll be spending your money on my bet for Gillingham to be in the Premiership by 2022.

Bloomberg reports that "U.S. shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices". Weir of course are a major manufacturer of fracking pumps so this massive increase in investment must be impacting on Weir's order book. Looking good.

"Under the Conservative proposal, industry watchdog Ofgem would set a cap for the default standard variable tariffs, which are often criticised as bad deals for consumers by industry watchdogs" Basically if the government want to intervene in this way then they'll probably going to be careful not to get in the way of increasing onshore supply.

ST reports that troubled Japanese company Toshiba are unable to proceed with the planned £15bn Moorside nuclear power plant which the government was relying on to provide base load electricity to 6 million homes. Another problem for UK energy strategy. Seems to me yet more reason why the government will continue to support shale gas development in the UK. A gas powered station can be built in a fraction of the time required for nuclear and with coal stations closing there will be presumably brown field sites available for redevelopment.

.......for bearish fundamentals read bullish fundamentals.

And Gillingham will be in the Premiership by 2022. But he's two predictions for you on the basis of a bottle, or several, of Tesco's Chateau End of the Aisle Red. Firstly Brent crude price to be up 4 to 5 dollars by the end of the month as technical factors weighing on prices are replaced by awareness of bearish fundamentals and extension of OPEC agreement. Secondly massive correction in worldwide stock markets by over 15% by the end of the year as the credit bubble bursts in China and the U.S. and destroys confidence.

I feel like a tadpole in a sea of sharks when it comes to this share price manipulation. Certainly the sudden tightening of the spread suggests a very much more active market but why the SP drop it's beyond me, certainly something must be going on behind the scenes. We had a similar tightening of the spread a couple of weeks ago with IGAS and then the announcement of TEOG's large stake holding. The avowed purpose of TEOG is to acquire conventional assets in Europe. Maybe they are trying to get into EDR like they are with IGAS. Not sure if I'm putting 2 and 2 together and making 4 or 6! Obviously we'll get an RNS if anyone is buying in large numbers.

TEOG and their backers KKR are the outfit who tried to buy Igas by the bond holding route last year. Now they seem to have acquired a 15% stake by a more direct method. It was reported that their plan last year was to split the company in two and acquire the conventional assets for themselves. That was at a time when Igas was nearly insolvent. Tomorrow's opening price will tell you how this plays out for the ordinary investors. All this power wheeler dealing is beyond me.

Your description of the issues seems dead right. Up to now it seems that Mrs May has been quite honest in her election promises, for example in refusing to rule out tax changes and not promising to keep the pension triple lock, actually she gets my respect for that. Nothing but bare-faced electioneering should effect the prospects for shale exploration but one can only keep one's fingers crossed. BTW it looks like Toshiba are going to pull out of the new nuclear power station project in the NW which leaves yet another problem for the UK's long term energy security and another reason to support a home-based gas supply.

Sunday Times today say "Pumped up Weir may tempt predators" and recommend as a buy, basically for the same reasons I gave in my post of the 18th April. Be interesting to see if the SP responds on Tuesday. U.S. companies have cash to burn off-shore.