Member Info for ocelot

Impeccable timing, Bubblepoint, September has just gone above 100p:

https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600729

"... maybe they too have nowt in their own pots, ..."

Who are "they", Bubblepoint, I haven't understood?

Isn't the absence of news good news, because it means discussions continue and management are still unable to buy?

It's a month today we learnt in KZ's interview that management are unable to buy shares at the present time because they are in possession of inside information.

Bubblepoint,

The allusion to UKOG, via Shore Capital, was made by yourself.

"Maybe email Shore capital, see if they will work their magic over here lol............".

You are alluding to UKOG, Bubblepoint.

Within a week, at its peak, UKOG's share price multiplied more than 8 x.

Some of these share prices which have suffered so much can, therefore, undergo very sharp and sudden recoveries.

Those who benefit the most from any such recovery are those who are already invested: it can prove quite difficult to buy during the recovery itself because the market makers can be overwhelmed by the sheer volume of business.

Given "... Ukrainian officials deny any intention for a renewed agreement with Russia", it is actually quite a knotty problem for which solutions continue to be sought:

https://www.rystadenergy.com/news/end-of-ukraine-gas-transit-lng-and-pipeline

Bubblepoint,

Ukraine's action focuses the market's attention on this remaining pipeline supplying Russian gas to Europe.

What happens when the current contract expires at the end of the year? Nobody knows.

Will the market:

1/ wait patiently until it learns more?

2/ become increasingly jittery as the deadline gets ever closer?

It looks as if the answer is 2/.

Ukrainian soldiers seen at a Gazprom gas facility in the Russian town of Sudzha - the location of the video recording has been verified by the BBC

https://www.bbc.co.uk/news/articles/c0qedq0penko

Https://www.aljazeera.com/features/2024/8/9/why-are-european-countries-still-buying-russian-gas

Goes back to 01/09/22 when George Lucan was in charge:

"Give the lessons learned and valuable experience gained from SFB, would the Board consider farming into or acquiring UKOGs Loxley gas asset? Given SFB cash flows and experience Angus would have to be viewed as very attractive partner for UKOG which could to be reflected in favourable T&Cs of any deal. Asked on 1 September 2022

Loxley looks to be an attractive asset and we will always look at attractive assets at the right price".

To the best of my knowledge, current management has never made any mention of Loxley.

Published on 17/08 last year.

Bubblepoint,

It is very simple, it is not a number of any interest to me, it is a number that relates to the past, a number for the corporate historians among us.

Bubblepoint,

So what? It is all already known, in the past, in the financial statements and in the share price.

It is the present and the future that will determine where the share price goes from here.

"The SP tells you ALL you need to know Ocelot...."

Whereas:

"PMSL,,,, you still barking on about futures a year down the road, that can simply swing in a flash lol................... This time next year Roddersssssssssssss"

That is, in Bubblepoint's opinion, futures prices should be challenged but the share price should not be.

Bubblepoint,

I don't know what you call "glowin the bloody dawsssss orffff" but the natural gas price has increased by about 1/3rd in the course of the last month, in the middle of Summer.

The fact is we are in the middle of Summer and the natural gas price is the highest since 08/12/23, 8 months ago to the very day.

Everybody can interpret this information as they wish but the fact itself is undeniable.

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

I'll re-phrase that to avoid any confusion:

September 24 closes at 98.64p.

All contracts traded today from October 24 to Winter 25 inclusive close in 3 digits.

https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600729

September 24 closes at 98.64p.

All other contracts traded today close in 3 digits, from October 24 to Winter 25 inclusive.

https://www.ice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5600729

Closing price of 0.064p on a UT of c9.7m shares.