Member Info for MasksNewNorm

My apols I’ve not read your posts.

UK natural gas futures rose to above the 300-pence-a-therm mark, the highest in five months, as Norway’s Equinor started a shutdown of three oil and gas fields after workers went on strike demanding wage hikes. Oil and gas output will be reduced by 89,000 barrels of oil equivalent per day (boepd), of which gas output makes up 27,500 boepd, Equinor reiterated on Tuesday. Norway is the world's third-largest exporter of natural gas and the UK's primary gas supplier, exacerbating concerns about disrupted shipments in an already highly tight market. Still, the Norwegian government approved higher production from the Troll, Gina Krog, Duva, Oseberg, Asgard and Mikkel fields to maintain record exports. Gazprom decided to limit flows in the main Nord Stream pipeline to just 40% of its capacity, significantly raising the risk of a natural gas shortage in Europe by next winter.

https://tradingeconomics.com/commodity/uk-natural-gas

317.52 no stopping it.

U.K. gas spot today 292.5p /therm

Iog OPEX 10-15p/therm. 60scuffs p/d

True but with the current gas situation nobody sane would consider a lowball offer or expect one to be accepted surely?

Boots pharmacy a totally different liability.

Tasty 250k buy at full ask filled at 16:37

291.8 impressive. Expected to be 350 by Q4. This says to me in reality it will be more than the anticipated 350 come Q4 as we are in mid summer and its literally 300p now when demand is low.

God speed

Bless their cotton socks, many afforded a low entry due to whatever their circumstances were.

Looking at £5 SP MED TERM !

Link. https://tradingeconomics.com/commodity/uk-natural-gas

UK natural gas futures skyrocketed to around the 250-pence-a-therm mark following news that Norway's Martin Linge field has reduced capacity due to a compressor failure. Norway is the world's third-largest exporter of natural gas and the UK's primary gas supplier, exacerbating concerns about disrupted shipments in an already highly tight market. Gazprom decided to limit flows in the main Nord Stream pipeline to just 40% of its capacity, significantly raising the risk of a natural gas shortage in Europe by next winter. Adding to constraints, the UK will receive less LNG from the US until late 2022 due to repair works at a critical export terminal in Texas after being damaged by an explosion. The benchmark has soared almost 40% in June, its biggest monthly gain since September 2021.

Iog earnings must be over £500k per day on the current figures and U.K. gas spot.

By year end should be double this min.

The market is forward looking so just a matter of time before the penny drops.

Solid today gas is rising.

Actually sold my Angs to load up more here. Angs expected to produce 10 scuffs per day and is heavily hedged.

Just a matter of time before iog is realised and brought into view on the general market radars. Massive value producer right here.

U.K. gas now 49% up.

+46% live @ 255p/therm

https://tradingeconomics.com/commodity/uk-natural-gas

U.K. gas ticking up from +44% in the blue !!!

Impressive figures. Surely iog should be trading way over 100p ps when the market shows confidence in its sustainability

Do they know the expected flows from Southwark great gig?