Member Info for Peakview

Yeah - funny that stu! I think its called myopia - or shortsightedness in working man's language. The guy making the bid will need to double that now or get laughed out of court.

1.2m shares traded today, with over 900k Sells, bolstered by 750k off market sales by an ii holder - quite possibly LOG admin cashing in on the recent rises? Price has stood up well and reflects new found resilience of this share, and releases shares to a much wider number of bullish investors.

sailor - it has become fashionable with media and politicians alike to bang on endlessly about a carbon-free future and the improbably achievable targets to get there. We have seen just what happens to some of these easily bandied promises and slogans in the recent swingeing tax rises and dividend raids installed to pay off the crippling costs that were accrued during lockdown and the pandemic crisis itself. Taking the singular point of gas in particular, where is the plan to pay for all the replacement renewable-energy heating devices within such an unrealistic time frame? And your point about the gas-free new build houses in the Netherlands will represent about 0.2% per annum of the total Dutch Housing stock. About 30% of the electricity supply to the UK market - and therefore to the much-vaunted but seriously expensive electric car market - will be generated by gas-fired power stations for a very long time to come. So - whilst the objectives may well be laudable in themselves, the practicality of meeting some of the advertised targets is very much in doubt - and the affordability even more so. Meanwhile, as the technology gathers pace, companies like IOG will work overtime on developing treatments for the natural gas they produce to meet the demand for cleaner and greener energy - as per a number of initiatives announced just recently by Hockey. I agree with GG's conclusion in the previous post that low carbon gas will be in demand for a considerably long time to come - and at the current price per therm I would say that it deserves to be treated with the utmost care and respect as a vital contributor to the future UK energy programme and to its economy.

din - thanks for the history, and another plus point to add to the current positives. Hope you are right with that forecast gator, and if so it could get even better as we head into income territory. great week all round, and a nice relaxing weekend ahead for all I trust!

sailor - that would be corporate naivety in the extreme, so lets assume NOT! Exaggerated spread should read 25.66/26.2 so we are due an uptick on the Ask before the weekend. GLA

Hi GG - I think the fundamental reasons are all well known by the "regulars" - but the hike in gas prices has obviously had an effect, which is fortunate and largely unforeseen to the present degree. Also the very positive and analytical article by masterinvestor that was linked by edgar, giving "cautious" forecasts of 30p pre-first gas - then 50p once it is flowing - probably did a better job on the prowling investor than company or broker PR has done to date? There has been an element of profit-taking over the last very interesting 3 days, but I feel that we have also gathered some more serious mid-to-longer-term investors at the same time. GLA

25.5p being paid for any amount on the Bid, so we look poised to lift again today with a lot more potential investors becoming aware of the potential here and driving us up towards 30p before first gas now due only two months hence. GLA

duster - it took longer than expected, but we are closing in on your 25p "target". We still need to exercise the P word, as this can only get better as we approach first gas. GG has said it all and cannot see a lot of point in conjecture, except to say that our downside is now virtually non-existent imho. Good top-up for me late on Friday at 22p.

GG - many thanks for the update, and alignment looks near perfect. Surely a time for latecomers to pile into this at current sp?

and signs of life as the cornwall set finally return just in time for St. Leger Day!

So there is life before the Bank Holiday? Maybe took a day or two for the RNS to sink in but the trades are the right colour and the movement in the right direction. Have a great holiday weekend all IOG investors!!

very constructive post! don't bother to come again.

Agree - excellent summary of all the plus points and a well deserved pat from AH to all the agencies who have worked flat out during the pandemic to keep this project fulfilled and on time. No mean feat considering some of the complex engineering tasks. Timing of the release could have been held back to early September for better effect - but the news underpins the great value for investors at this price with so much achieved and first gas within sight.

Better volume today with 250k Buys and 63.5k Sells. Ticking over again until news expected next month.

Adjust that - just 4.3k Sells!

Another correction to the board trades - there were 137.8k Buys on another quiet day and just 2k Sells - hence the uptick on the Ask. Need some more momentum in greater volumes - not likely until the players get back after the Bank Holiday I guess.

Cheers duster - having a good look before openers on Monday.

Terribly quiet here as normal for August with some small buys at 20.70 available for lesser amounts. Best to keep any news back until the traders return from hols next month.

Top-up time for me as this recent low presents a buying opportunity through sale of fee sacrifice shares in all probability, so just 10k @ 20.76p will do nicely.

Nearly 5% down today and searching for a reason? Could it be that the distribution of a few consultancy fee sacrifice shares have caused the drop? If they are cashed immediately that could be the answer.