Member Info for ocelot

The obvious question is: where is the peak?

And the next question is: does the rise in gas prices mark a permanent shift in the pricing of gas?

If it does, then this has major implications for the economy and for all of us.

Nice close, above the offer price on a trade of 4m shares.

For every buyer there is a market-maker, for every seller there is a market-maker.

It is for the market-makers to manage the balance of their books.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

Keeping their options open - the markets can behave unpredictably at times.

.

Into the 160ps.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

PS: not the first time I've made that mistake on this board

Into the 160ps.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

EXPECTED ADMISSION DATE:

Mid-September 2021

https://www.londonstockexchange.com/news-article/market-news/schedule-one-greenroc-mining-plc/15122183

Into the 160ps.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188705

The group accounts showed a loss of £20.937m.

Most of those losses were located in HHDL (UKOG's stake: 77.9%).

Europe isn’t doing enough to prepare for a potential gas crunch this winter, especially as U.S. deliveries of LNG can’t be increased further, according to the State Department’s envoy for energy security.

Amos Hochstein said on Friday that U.S. liquefied natural gas shipments to the continent were running at full capacity, and -- if the winter is harsh -- additional supplies would need to be sent to Europe through its gas pipeline.

“I worry because I don’t think we should ever be in a position knowing that if it’s a cold winter, there’s not enough supply,” he told reporters during a visit to Warsaw. Everyone “has to be prepared and to think about this more than I’m seeing currently in Europe.”

Hochstein said he’s concerned because gas storage in Europe is below the five-year average, which has led to record prices in some markets, and that Russia -- a major source of the continent’s energy -- “is coming off an extended period of inexplicably low supply.”

https://www.bloomberg.com/news/articles/2021-09-10/europe-must-better-prepare-for-gas-crunch-u-s-envoy-says?srnd=premium-europe&sref=Em01M8Hr

Has cuddothisnow been suspended? No posts are shown for him for the last 30 days.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188706

Perfectly reasonable and well-argued response from Alba, imho.

A bit alarmist, WG818, isn't this the EA doing its job?

A public consultation opened yesterday (8 September 2021) and continues until Wednesday 6 October 2021.

The Environment Agency can consider issues such as: the impact on surrounding land; the effect of noise and smell from traffic on the site; regulatory and technical standards; and techniques to monitor or control pollution...

The company predicted “no significant environmental impact issues or human health impacts” from the new operations...

Gas was discovered at Saltfleetby in 1996 in the Westphalian sandstones and Namurian reservoirs. At the time, it was the largest onshore gas field in the UK...

The permit application said the closest homes to the B site were 300m away. There were no public rights of way or designated ecologically important wildlife sites within 1km, the application said. The site is in a flood zone 3a, with a high probability of flooding.

Such a shame for this company to be worth 75 x less what it was a couple of years ago. 10.5p down to point 14 of a penny.
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"A couple of years ago", in 2017.

75 x less. Now, at least, I've understood how this kind of statement is made, by dividing 0.14p into 10.5.

0.14p = 1.33% of 10.5, which is 98.67% less.

Natural gas futures at the close:
Jan 22: 150.000p
March 22: 137.000p
Summer 22: 81.600p

We shall see, but Greeroc Mining, as a company specialising in Greenland, is an interesting proposition and the amount they are seeking to raise from the market of (23.1% of £11.12m =) £2.57m is strictly limited in size, so anyone unable to buy via the IPO will be bidding up the price when the share is first quoted.

Yanis,

Would be surprised if PIs leave it to the last minute before buying into Alba ahead of the IPO.