Member Info for rylidan

Finger trouble! Adjusted in line with expert guidance on long term wind speeds. Still around 20% discount to NAV and the dividend is forecast to be covered 1.9x.

This gives a progressive dividend plus cash left to grow the share price by either buy backs or additional infrastructure.

Continues to look like a bargain and great as a long term future hold IMO.

Very happy with this company and their management.

GLA

Looks spot on to me. They have been pragmatic and adjusted their NAV in line with ecp

Green energy stocks have taken a beating. Wouldn't be surprised to find out that US hedge funds are behind this. Meanwhile I continue to grow my holding in this sector.

Seems incredibly cheap as it's priced well under what it would cost to build this infrastructure now.

Same as property funds.

Crazy valuations IMO

GLA

IMO they are making good decisions and making progress. Managing a company should not be based on reactionary decisions. Thay have a definite long term strategy and I'm very happy trading the dips and peaks while maintaining a solid holding.

It very close to top up time for me, mainly because I have a low average anyway. If my average was high 70s I'd be buying now without a doubt.

GLA

Looks like Trumps "drill baby drill" will have the opposite effect. Oil price seems to be coming down, which will more likely reduce oil production in the US! Early days though need a bit of time to see a MAGA effect.

All looking good here for the long term, with gradually increasing production year on year. Short term we follow the oil price IMO.

GLA

Looks like the forecast margin easily covers the dividend in 25/26. I had factored in a reduced dividend of only 5p this year (still over 10% yield) but now the 7p is looking ever more likely IMO.

GLA

Quite Bigra. Shareprice disconnect at the moment with canada up to 42.5p equivalent at current exchange rates yesterday.

GLA

Now at highest level since mid August 2024. Also pound looking weak, a double win for UK holders.

Should be a very blue day today, with Brent steadily climbing for past 5 weeks.

GLA

Update and dividend announcement likely this week, in line with previous years.

GLA

Petrotal in Canada closed at 64c, or 35.66p equivalent at current exchange rate.

GLA enjoy the weekend

At base dividend only this pays 10% yield at 40p. With oil around the target price for LAST year, and increased production capability this looks like it should recover to well over the 40p mark as we enter the strongest part of the year for production.

GLA

Petrotal in Canada up to 59c, or 33.1p equivalent.

So long term shareholders who voted against the CREI takeover have shafted us all. It was total madness rejecting the CREI offer.

Luckily I more or less broke even on this with some active trading, and still received a decent dividend on top. Not exactly what I wanted to do when I invested.

GLA who remain here

Another director mopping up some bargain shares curtesy of the shorters. They can obviously see the price disconnect in the share valuation.

If seems to me Blackrock are being pretty smart. What better way to increase your holding than to lend out your shares to a shorter and then increase your holding at a lower price. Meanwhile the shorter also has to pay you fees.

Looks like a win/win for Blackrock.

GLA

Next dividend announcement and update early in 2025. Market pretty bad today. Numeric have refined their short below the reporting threshold. Another 300k purchase at 69.5 just went through, likely to be a short reducing IMO.

GLA

I believe Manolo made quite a play on 1.5c being the "base dividend". I also remember it being stated that they could reduce capex in the event of lower oil prices. After all the production has grown considerably over the last few years, and halting or reducing capex in the event of lower prices would be the prudent action to take.

GLA

I did the same. Any cash I get is going straight in here at this price. Can only think it's a distressed seller, as the market isn't great right now.

GLA

"For shareholders if shares are purchased just to lend this becomes a zero sum gain for the shareholders and the same when the short is closed"

Not really. If the price falls then Blackrock will get the stock back when the short closes at a lower price, hence a loss at that time (but compensated by the lending fees). So Blackrock must think there's a profit in this for them, if this is indeed their motive.

GLA