The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Within the Oil sectors there is definitely that potential,
Regarding Angus Energy Debt reduction is a priority and then evaluating the Carbon Capture options via a strategic partnership of straight buyout,
It is going to be a buyout which facilitates the most significant share price movement, yes we all live that as a aspiration regarding our stock holdings,
Remember becoming increasingly defensive and sitting too far back also is an obvious for criticism,
One must be thankful to God for given attributes and abilities however one must respect fallibilities and sadly Swami Ji's predecessor caused a great deal of misery for may of the very countrypersons who places faith in her pledges and it took direct intervention from those on a higher Constitutional plane to exercise ability and due leverage to quickly dissolve the ability of Truss and her co-hort to meddle unduly to the detriment of the country,
Thems the realities of why many Conservative Members of Parliament are already pledging NOT to stand for re-election because their failings leave them too humiliated to face the electorate for re-election to office and even the reason Sir Boris Big Dog Johnson ran for the Hills (Chiltern) metaphorically speaking rather than face the embarrassment and humiliation of sitting on the opposition benches!!!!!!!!
Thems the realities and more so Thems the consequences of inappropriately delivering for the country!!!!!!!
Regards,
Bubblepoint:
Please do not align me with Truss for two HUGE reasons firstly she is only a B.A. graduate with an inferior level of intellect and secondly her intellectual inferiority aligns her with a vision that there is merit in Brexit despite the majority of the country NOW realising her vision is highly flawed and a fallacy,
Remember whilst I advocate the central Bank having the freedom to cut interest rates and stimulate economic growth that should only be allowed to take place once inflation has been effectively managed and the easiest way to introduce acute painless deflation to the United Kingdom is to revoke Brexit,
Regarding your comment to pain, I empathise with the sad predicament that Brexit has delivered to a once great Country and hence those who believe in the ability to Make Britain Great Again share the vision to revoke Brexit,
There is also a great deal of pain and sadness to see a great cricketer and a boyhood hero Bob Willis sadly having passed away from the onset of Prostate Cancer and then when coupled with "Red for Ruth" where families have to deal with the Trauma and passing of loved ones alcohol abuse and a fat saturated dies poses a huge risk to the male population especially in the Northern Regions of the United Kingdom where health awareness programmes are not as well established as they could be!!!!!!!!!!
Bubblepoint:
It is only deemed as disruptive when it challenges the established failed ideologies,
There are daily postings regarding the debt coverage, windfall taxes and the costs of borrowings faced not only by UK Businesses but also by ANGUS ENERGY IN QUESTION,
Remember I always post in good faith and in what I believe is in the best interests of the Country & Angus Energy specifically because I have a vested interest in the Success of the Organisation and the overwhelming successes of the Oil & Gas Sector,
Regarding my share price predictor It is an excel based pricing model incorporating, output, price, debt, interest payable on debt, PE Ratios, Ordinary shares held,
I use liberal spacing between lines of prose because it makes it easier for me to read and easier of me to quickly pick up any inadvertent spelling of transposition errors which sadly is a rare but nevertheless something that I have been culpable of,
Though above all remember just as Mayor Khan believes in his ULEZ ideologies and the importance of regulating and monitoring emissions from heavily polluting vehicles I am a firm advocate of the awareness to risks to health and wellbeing of the consumption of controlled intoxicants, tobacco and fat saturated fast foods and especially the risks to male health through prostate cancer!!!!!!
Regards,
15/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2900 ***ABOVE AVERAGE***
15/09/2023 System Entry Energy, Saltfleetby, D+1 2,682,222.0000
15/09/2023 System Entry Volume, Saltfleetby, D+1 0.2341 *** 8.2672 MMSCF/D ***
16/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.3100 ***ABOVE AVERAGE***
16/09/2023 System Entry nergy, Saltfleetby, D+1 2,684,444.0000
16/09/2023 System Entry Volume, Saltfleetby, D+1 0.2345 *** 8.2813 MMSCF/D ***
***OUTPUT METRICS FOR 16.09.2023 BEST OUTPUT SINCE 27.08.2023's & GOOD TO SEE DAILY GAS CONTRIBUTIONS ABOVE GB£55,000 per DAY AGAIN!!!***
Daily Output (Therms) = 91,597
Month To Date (Therms) = 1,422,181
Average Per Day (Therms) From 06.07.2023= 91,838
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,422,181
Average Monthly Price Per Therm = £0.8743
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,097,312
F/C Net Monthly Saltfleetby Gas Rev = £1,660,562
F/C Net Rev Less Disbursements = £1,635,653
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,755,125 £1,660,562 Forecast
Q3 2023 8,390,277 £4,862,899 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,755,125 £1,660,562 Forecast
Oct-23 2,846,963 £1,866,640 Forecast
Nov-23 2,755,125 £2,096,410 Forecast
Dec-23 2,846,963 £2,415,557 Forecast
H2 2023 16,839,328 £11,241,506 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,621,860,032
FC Avg Therms / Day = 91,838
Debt Outstanding KPI* = £4,523,748
12 Mth Rev-Debt = £20,950,186
F/Cast Share Price (p) = 2.20
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.59
May-24 1.68
Jun-24 1.78
Jul-24 1.92
Aug-24 2.06
Sep-24 2.20
Regards,
Bubblepoint:
It is good to see you have perked up a little,
However it would have been good for your to have shared the posting 24 hours earlier than I felt duly obliged to report it as a matter of interest,
I know I am good however sometimes it is good for other competent individuals to also report purposefully,
Regards,
Https://www.msn.com/en-gb/money/other/uk-reliant-on-volatile-expensive-gas-for-longer-after-offshore-wind-auction-failure-green-tory-mps-say/ar-AA1gqQJd?ocid=msedgntphdr&cvid=9ff84d467ac843c38c18fd1190fc25dc&ei=1430
https://gridwatch.co.uk/demand
All favourable for the Oil & Gas sector,
Regards,
I have a forecast of GB£0.0150 for Feb / March 2024 and then a steady climb up to GB£.0220 in 12 months time,
Perhaps I have been optimistic with the PE Ratio alternatively GB£0.0150 shall look cheap if there is a buyout which is being negotiated,
Remind me in Feb 2024 that I forecast GB£0.0150 and if there is a deficit I shall realign the P.E. ratio downwards closer to 4,
Alternatively you could put up your forecasts with your metrics and hypothesis,
Ukraine is starting to kick the ass of the Red Mungrels and should that continue and Russia retaliates by switching off gas to Europe & the strikes continue in Australia and the Price per therm spikes significantly in Europe who knows where the SP shall be,
Remember it touched GB£0.0275 12 months ago, anyway I await your hypothesis, methodology and forecasts,
Regards,
14/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 ***ABOVE AVERAGE***
14/09/2023 System Entry Energy, Saltfleetby, D+1 2,650,000.0000
14/09/2023 System Entry Volume, Saltfleetby, D+1 0.2313 *** 8.1683 MMSCF/D ***
Daily Output (Therms) = 90,422
Month To Date (Therms) = 1,239,062
Average Per Day (Therms) From 06.07.2023= 91,845
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,239,062
Average Monthly Price Per Therm = £0.8679
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,089,561
F/C Net Monthly Saltfleetby Gas Rev = £1,652,811
F/C Net Rev Less Disbursements = £1,628,019
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,755,360 £1,652,811 Forecast
Q3 2023 8,390,512 £4,855,148 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,755,360 £1,652,811 Forecast
Oct-23 2,847,206 £1,866,853 Forecast
Nov-23 2,755,360 £2,096,669 Forecast
Dec-23 2,847,206 £2,415,871 Forecast
H2 2023 16,840,284 £11,234,541 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,621,860,032
FC Avg Therms / Day = 91,845
Debt Outstanding KPI* = £4,526,151
12 Mth Rev-Debt = £20,950,773
F/Cast Share Price (p) = 2.20
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.59
May-24 1.68
Jun-24 1.78
Jul-24 1.92
Aug-24 2.06
Sep-24 2.20
Regards,
Simple question relevant to the subject matter as the price of Crude Oil rises Condensate revenue also increases and the realities are that condensate is also being produced at Saltfleetby and we know the wells are not virgin wells and they have been tapped and there is an essence of reworking,
The higher the price of Crude Oil the Greater the top line Revenues from Condensate,
Regarding an approximation on Condensate am i CORRECT IN RECOLLECTION THAT SALTFLEETBY PRODUCES SOME 160 BARRELLS of condensate per day???
Answers specific to subject matter,
Now should you choose to de-ramp and post negativity you could quantify the gas produced in BOE per day equivalents and then mention that Saltfleetby production when converted to BOE per day for an amalgamation of Oil & Gas is on a net decline,
I have noticed that from my daily output figures Therms of Natural Gas have waned by approximately 10% from the 100,000 seen in May 2023 to the current 90,000 which seem to be holding up without decline,
Hence the original comment regarding the 10,000 Therm per day deficit has that been offset by increased condensate which is converted into BOE per day equivalents,
The following may be too complex a concept for you and something that Tony Currie could elude to is is there a ready calculation to convert Therms of Gas into BOE per day equivalents,
Regards,
Https://tradingeconomics.com/commodity/brent-crude-oil
Brent crude futures rose above $94 per barrel on Thursday evening, hovering near the strongest levels in ten months amid expectations that the global oil market will tighten further in the coming months. The International Energy Agency said on Wednesday that extended supply cuts by Saudi Arabia and Russia will mean a substantial market deficit through the fourth quarter, while maintaining its demand growth estimates for 2023 and 2024. The report came a day after OPEC said it projects a large deficit of 3.3 million barrels per day in the fourth quarter,
How much condensate is being currently produced from Saltfleetby!!!!
OC who is Putin's best friend at the moment:
Little Rocket Man or as the West articulately refer to the North Korean fat boy Little pen-is man,
Xi is distancing himself from both Modi & Putin and in truth Biden knows Xi is only interested in the cheap Crude Russia is desperate to offload and as long as China is able to access Cheap Oil from Russia the risks to the Chinese Economy is minimised and that lessens the risks to the US & leading Western Economies, Ukraine is starting to regain lost territory from the Soviets and that is attributable to the heavy losses the Soviets have suffered and the limited resources they have at their disposal,
Regarding the European Unions ongoing interests stability in the Global Grain markets would ease the Middle eastern inflationary prices and a more centralised and efficiently managed Grain supply chain would be of great assurance to the Middle eastern nations and the European Union has globally established trading relationships in place,
Perhaps a tad simplistic but the simple ideologies are sometimes easily deliverable,
Regards,
JHolder et al:
I appreciate your sentiments and at times make allowances and even attempt to find reason to empathise however lets evaluate all the metrics available,
The United Kingdom is destines for a General election in all probability in 2024,
The current ratios/probabilities are as follows for most seats in the forthcoming parliament:
Labour 1.2 or 1/5 i.e. 84%
Conservatives 6.0 or 5/1 i.e. 16%
https://www.betfair.com/exchange/plus/politics/market/1.167249009
All the Brexit Big Hitters: Johnson, Farage, Gove, have gone very quite on the concept & Kemi Badenoch all but given up on securing any viable and sustainable Trade Deals because as I say on countless occasions who really holds the upper hand in any Brexit Trade Deal negotiations, Narinder Modi one of Russia's closest allies is holding out for one million Student, Nursing placement and Migrant Worker visas when one country holds the United Kingdom to ransom like that what precedent does it set for the other developing countries the United Kingdom goes crawling to!!!!!
The Caribbean nations are requesting reparations for the Colonial atrocities before negotiations of any Trade deals, the Australian negotiators have delivered for their Farming Sector at the expense of the British Farmers,
These are all realities not subjecture or rhetoric this is all documented and the very reason that Sterling is today trading below US$1.24 / GB£,
The SNP are as resilient as ever w regarding pushing for an independence referendum,
If China comes through its property sector mini crisis and there is little to suggest there is any real negative long term panic because of the huge Gold Reserves the Central Bank of China holds,
How long before Sir Keir Starmer puts the Brexit option back to the electorate and in honesty the British population were duped in 2016 and once bitten twice shy,
It is just a matter of time lets accept reality,
As a country the United Kingdom is playing through the end game of the Conservatives term of Office and in all reality the end of Brexit because Rachel Reeves and Anneliese Dodds are two very well educated females and they know what is realistically achievable and what is realistically deliverable, Globally the Russian economy is being left in tatters and its military decimated the end game there is to fragment Russia and ti install a Liberal Regime which shall start the transformation of Russia and eventual admittance of both Russia & Ukraine into the European Union,
Facts not emotion, thems the realities!!!!!!!!!!
Have the SNP costed the Price Point of Crude Oil per US$ for Scottish Independence to be financially viable,
The significant majority of Offshore Oil & Offshore Wind generation is is Scottish waters and just out of interest Scotland's good and decent people voted in the obvious Economic Merits of European Union Single Market Membership,
Now just think if Scotland won the independence referendum the SNP are looking for and England pursued its lone Brexit furrow that would be a Double Whammy for the Sassenachs!!!!!!!
I am sure they grasp the concept at Westminster!!!!!!!
How obvious must the obvious be!!!!!!
Brent crude futures rose above $93 per barrel on Thursday lunchtime, hovering near the strongest levels in ten months amid expectations that the global oil market will tighten further in the coming months. The International Energy Agency said on Wednesday that extended supply cuts by Saudi Arabia and Russia will mean a substantial market deficit through the fourth quarter, while maintaining its demand growth estimates for 2023 and 2024. The report came a day after OPEC said it projects a large deficit of 3.3 million barrels per day in the fourth quarter,
https://tradingeconomics.com/commodity/uk-natural-gas
Hi there,
Brent has just broken through US$93.00 per Barrel,
Would anyone care to convert the price of a Barrel of Sweet Brent Crude Oil into GB£ at the current Exchange Rate of US$1.25 per GB£ and at GB£1=US$1.75 per GB£,
Gosh what a difference that makes to factor input costs for a country that is not self sufficient in Crude Oil or LNG and is a net importer of 37% of its Energy Requirements,
I am sure you grasp the concept of what I am eluding to!!!!!!!!!
Regards,
13/09/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2500 ***ABOVE AVERAGE***
13/09/2023 System Entry Energy, Saltfleetby, D+1 2,666,667.0000
13/09/2023 System Entry Volume, Saltfleetby, D+1 0.2329 *** 8.2248 MMSCF/D ***
Daily Output (Therms) = 90,990
Month To Date (Therms) = 1,148,641
Average Per Day (Therms) From 06.07.2023= 91,866
Daily Hedge Requirement Therms = 50,000.00
F/C Monthly Therms = 1,148,641
Average Monthly Price Per Therm = £0.8667
F/C Hedge 1 = £563,250
F/C Market Revenue = £1,088,559
F/C Net Monthly Saltfleetby Gas Rev = £1,651,809
F/C Net Rev Less Disbursements = £1,627,032
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://data.nationalgas.com/find-gas-data
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
https://gridwatch.co.uk/
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Output Of 50,000 Therms Per Day To Complete The Daily Hedge*
1) 3 Month Hedge Requirement Of 4,600,000 Therms / 92 Days: 01.07.2022 - 30.09.2023
2023 Q3 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,755,971 £1,651,809 Forecast
Q3 2023 8,391,122 £4,854,146 Forecast
H2 2023 Therms & Revenue
Jul-23 2,957,493 £1,618,180
Aug-23 2,677,659 £1,584,157
Sep-23 2,755,971 £1,651,809 Forecast
Oct-23 2,847,836 £1,867,405 Forecast
Nov-23 2,755,971 £2,097,341 Forecast
Dec-23 2,847,836 £2,416,684 Forecast
H2 2023 16,842,765 £11,235,576 Forecast
12 Month Share Price Forecast: 9.05mmscf/d
PE Factor = 5.00
Ord Shares = 3,621,860,032
FC Avg Therms / Day = 91,866
Debt Outstanding KPI* = £4,295,343
12 Mth Rev-Debt = £21,429,056
F/Cast Share Price (p) = 2.23
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Feb-24 1.50
Mar-24 1.50
Apr-24 1.62
May-24 1.72
Jun-24 1.82
Jul-24 1.95
Aug-24 2.09
Sep-24 2.23
Regards,
Bubblepoint: When you are in a coherent frame of mind you are able to construct prose with a sense of credibility, however what you forget is that Business required Control Standards and Control Procedures,
Many people have commented that Angus Energy have turned the corner and the errant days are behind them,
For that to happen Errant practices MUST also be placed behind them and they must be far more mathematical as an organisation with disciplined control standards,
Remember Audit Standards and Accounts Signed off by Auditors and Inventory is part of the balance sheet and when an Auditor Signs off the Accounts as being a True & Fair Reflection it also comprises and endorsement that the Balance Sheet is accurate,
So for your own health and wellbeing do yourself a favour and stay away from the Grogg be it illicitly distilled in the garden shed of from the local spoons with a very short Best Before date and what proceeds you have from your prudent Trading in Angus don't flit away on liquid opulence because there are already too many financial liabilities within the United Kingdom which are unduly burdening the NHS is the present & future time periods,
Regards,
Https://tradingeconomics.com/commodity/natural-gas
We must also look at what is happening to US Henry Hub gas prices Europe & the United Kingdom contribute to the global gas prices however supplies to Europe from the US and the demands of US gas from China are very important
There is stupidity, there is Bubblepoint and then there is the United Kingdom,
Having seen the pathetic delivery of of taking back control and squandering the bargaining power of Free Trade Agreements to distant backwaters and banana republics who are dictating to their lord and masters it is highly unlikely,
Remember those nations which have literate populations grasp the concepts of globalisation and then there is a minority subset of Rogue nations with illiterate populations such as Russia & North Korea where populism thrives,
The very reasons the United Kingdom has not delivered upon Brexit with any success if the natives had the literacy and numeracy skills they would have delivered and filled the skills void which Brexit created,
The ability to "Chugg Ale and consume Fat Saturated fast foods" are not a metrics any county should be proud of yet they are metric which the United Kingdoms hospitality sector values, domestic upskilling is required and that only comes through significantly increased real investment in education and not in Government Financed Employment Creation Programmes,
Obvious really!!!!!!!!!