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Natural Gas UK GBP (GBp/thm) 142.26 5.80 (+4.25%) New high.

UK natural gas futures surged past 130 pence per therm, hitting their highest level since October 2024, as a cold snap and dwindling storage levels fueled market jitters. With gas stocks depleting faster than usual and February shaping up to be chillier than expected, traders are on edge. Europe's storage sits at just 51% capacity—well below last year’s 69%—while the UK remains particularly exposed due to its limited reserves and heavy reliance on European imports. Adding to the turmoil, global trade tensions are heating up, with China slapping a 15% tariff on US gas in retaliation for Trump’s latest round of tariffs, stoking fears of further supply shocks.

From Pantheon Resources on X. Might get a RNS on Monday?

https://x.com/PantheonResour1/status/1888272396534399140

New high Natural Gas UK GBP (GBp/thm) 133.71 1.48 (+1.12%)

Courtesy of:

Pangrati 6 Feb '25 - 16:15 - 935 of 935

(on the DELT thread)

UK PM Starmer signals he will not block Rosebank oil and gas project

LONDON, Feb 6 (Reuters) - British Prime Minister Keir Starmer indicated he would not stand in the way of the Rosebank oil and gas field, after a court blocked it, sending the decision to the government which had pledged not to issue any new licences.

Starmer's government had said it would not issue new licences to explore new fields over fears about climate change, but it had said it would not revoke existing licences.

The future of two projects, Shell's Jackdaw and Equinor's Rosebank, had been in doubt after a court overturned their approvals in the face of challenges by climate campaigners.

"I can't preempt the decision, but you know, we did say that where a licence had already been granted, we wouldn't interfere with them," Starmer told Sky News on Thursday.

"I'll be open with you, oil and gas is part of the future mix for decades to come."

Equinor and its partner Ithaca Energy want to develop the Rosebank oil and gas field, but developing one of the last known major oil reservoirs in Britain has been a lightning rod for climate activists calling for a halt to fossil fuel production activity.

https://www.reuters.com/business/energy/uk-pm-starmer-signals-he-will-not-block-rosebank-oil-gas-project-2025-02-06/

Nice deramp Gand…. Although a little obvious

Natural Gas UK GBP (GBp/thm) 131.41 up 4.48 (+3.53%)

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

Rach you are a stalker all you do is follow ASHTON and only post on 80m. Get a life.

Accipiter 0.51%, not 51. Only up 0.02% to 0.51 % from 0.49% so not too bad.

Jefferies cuts B&M European Value Retail price target to 350 (515) pence - 'hold'

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RBC cuts B&M European Value Retail price target to 450 (500) pence - 'outperform

The New York Stock Exchange and the Nasdaq will remain closed on Thursday, 9 January 2025 in honour of former President Jimmy Carter.

Lots of buys coming in now

Malcy's Blog

After all we heard at the end of last year regarding compressor issues this comes as no surprise and eyes turn to 2025, with numbers already picking up sharply and the problems at Triton hopefully are now behind the company, with the extra comfort of a second compressor set to be online this quarter.

With production ramping up and with Gannet GE05 coming onstream and EC1 on Guillemot imminent there is also the COSL Innovator rig which is now set to move to commence drilling operations on EV02 on the Evelyn field, all adding to the production in 1H 2025.

Finally there is a silver lining to this particular cloud, with none of the production problems down to reservoir irregularities the missed production last year was at a time of lower commodity prices, at the moment prices are considerably higher and there has been no loss of reserves yet revenue will increase.

So with production rising strongly and in the short term bringing additional revenue, 2025 has started well and with much to look forward to, sound management, strong finances, some tax breaks and potential M&A activity Serica certainly deserves inclusion in the upcoming Bucket List.

Serica will host a live presentation on the Investor Meet Company platform on the day of the trading and operations update, 21 January 2025, at 0900 GMT. The presentation is open to all existing and potential shareholders. Questions can be submitted prior to the meeting up until 20 January 2025, 0900 GMT, and at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Serica Energy plc via: https://www.investormeetcompany.com/serica-energy-plc/register-investor.

https://www.malcysblog.com/2025/01/oil-price-union-jack-oil-challenger-energy-group-serica/

07 January 2025

Pantheon Resources plc

Pantheon notes AGDC Announcement of an Exclusive Framework Agreement to Develop the Alaska LNG Project

Pantheon Resources plc (AIM:PANR, OTCQX: PTHRF) ("Pantheon" or the "Company"), an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, welcomes the announcement by the Alaska Gasline Development Corporation ("AGDC") regarding an exclusive Framework Agreement with a private company to lead and fund the development of the Alaska LNG project.

On 6 January 2025, AGDC President, Frank Richards, and Alaska Governor, Mike Dunleavy, hosted an energy conference in Anchorage, where Frank Richards announced the news:

https://www.facebook.com/GovDunleavy/videos/governor-mike-dunleavy-energy-press-conference/949892553324222/

David Hobbs, Executive Chairman of Pantheon Resources, commented: "We are delighted with the progress made by Frank and the AGDC team. This moves the Alaska LNG project a step closer to fruition and, upon execution of definitive agreements, providing long term energy security for the State of Alaska. As a reminder, Pantheon and AGDC signed a Gas Supply Precedent Agreement in June 2024, under which Pantheon would supply its natural gas into the pipeline pursuant to a definitive gas sales agreement to be negotiated in the coming months. We look forward to project progress as the parties work together to realise Phase 1 of 'Alaska LNG' (the gas pipeline) and ultimately the full 'Alaska LNG' project."

Well that didn't last long.

(In the meantime, I have taken the decision not to post here anymore until we have an announcement that Disko will be drilled in 2025.')

Dropped below 0.5% No need to disclose short position now

WorldQuant short position go up 0.10 % on 4 Dec 2024. That was bad timing for them. It just goes to show they don't know any more than us.

Retail was also in focus on Black Friday, a key day for the sector. Berenberg kicked off coverage of Next at 'buy', but adopted a less bullish view of Marks & Spencer, beginning at 'hold'.

Next rose 2.2%, while M&S shed 0.4%.

Berenberg reinitiated athleisure retailer JD Sports at 'buy', although its shares fell 1.2%.

JD was also in Berenberg's top consumer picks for 2025, joined by value retailer B&M, card and gifts seller, Card Factory, electrical retailer Currys and home furnishings firm Dunelm.

B&M was 1.1% higher, Card Factory 3.4% higher, Currys 0.2% higher and Dunelm 0.9% higher.

Let's see if we can make it to £1 before Christmas now we've had a breather.

Day traders going this morning, someone bought 27164 @ 11, now sold at 10.5.

Some nice buys over the last few days, big buy first thing this morning over 500k buy