Member Info for ocelot

Soaring energy prices which threaten the living standards of millions could last up to two years, the boss of the UK's biggest energy supplier has said.

Chris O'Shea, chief executive of British Gas owner Centrica, said there was "no reason" to expect gas prices would come down "any time soon".

He said hopes that bills rising by more than 50% to about £2,000 a year would be short-lived may be misplaced.

Rising energy bills have raised concerns over the cost of living.

"The market suggests the high gas prices will be here for the next 18 months to two years," Mr O'Shea told the BBC ...

"As we move towards net zero, gas is a big transition fuel," Mr O'Shea said.

"And so as you turn off coal-fired power stations in other countries, there isn't an abundance of gas that you can just turn on quickly."

The idea of re-badging gas as a "transitional fuel", rather than as a traditional hydrocarbon, has growing political support and has encouraged those calling for increased investment in boosting the supply of gas from domestic sources such as the North Sea ...

https://www.bbc.co.uk/news/business-59957716

Soaring energy prices which threaten the living standards of millions could last up to two years, the boss of the UK's biggest energy supplier has said.

Chris O'Shea, chief executive of British Gas owner Centrica, said there was "no reason" to expect gas prices would come down "any time soon".

He said hopes that bills rising by more than 50% to about £2,000 a year would be short-lived may be misplaced.

Rising energy bills have raised concerns over the cost of living.

"The market suggests the high gas prices will be here for the next 18 months to two years," Mr O'Shea told the BBC ...

"As we move towards net zero, gas is a big transition fuel," Mr O'Shea said.

"And so as you turn off coal-fired power stations in other countries, there isn't an abundance of gas that you can just turn on quickly."

The idea of re-badging gas as a "transitional fuel", rather than as a traditional hydrocarbon, has growing political support and has encouraged those calling for increased investment in boosting the supply of gas from domestic sources such as the North Sea ...

https://www.bbc.co.uk/news/business-59957716

Do people "hide" behind the abbreviation "ie."?

I use "inter alia" myself.

How can you "hide" behind a phrase employed by so many?

If the share price doesn't rise significantly soon, a bidder for Saltfleetby may decide it's actually cheaper to bid for the company as a whole - imho, we should be quoted nearer 2p than 1p right now.

$83.70

Good letter, thank you for posting it, HH1AN2.

Note: it's a UKOOG letter, not a UKOG one.

"looks like it might finally be turning";

best case scenario over the next couple of months: 0.23p

It's Adrian's board, UKOG is just the excuse so that posters can post about Adrian.

So that's 18.6m in all of sells from 2 PIs who had declared holdings of more than 1%, which helps to explain yesterday's action in the share.

But those sells are behind us now and have been absorbed by the share.

And the 1st PI to declare has sold 2.6m+ to reduce his holding to 15m.

Head in the sand is all very well when the tide is out, but does carry some risks.

Yes, Mr Tibs, helps to explain what was holding back the stock yesterday.

The PI who declared a holding of 16m shares has sold out.

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/9972X_1-2022-1-10.pdf

I would have thought GL is a gentleman of obvious integrity.

Almost twice as much volume on Aquis as on AIM: 8.4m v 4.4m.

Almost twice as much volume on Aquis as on AIM: 8.8m v 4.4m.

Is that LG as in Lenny Gas?