one of the main reasons for the profit warning was due the warm weather last year, Centrica is now in a much stronger position going forward the past three months the UK Europe and North America have experienced a sustained cold spell, in fact on average it have been the coldest average for more than a decade. bearing this on mind and with the record number of new homes being built then i would expect next month a statement from centrica with the wording that ( due to the extreme winter that the UK has experienced then the results are above expectations and the number of new connections is now in growth) good luck all especially the people who are stuck at home with their heating switched on and turned up higher ;-)
Providence Resources� Barryroe well offshore Ireland has far exceeded oil and gas expectations in its final drilling phase. "We are very pleased to confirm that the gas zone was far more productive than we had anticipated. The well lies just 3 km from installed pipeline infrastructure which may provide a future route to monetise any surplus Barryroe gas production,� Tony O�Reilly, chief executive of the Dublin-based explorer, said on Friday. �It is particularly pleasing to note that both the oil and gas zones have far exceeded our.expectations this is why we will soon have a partner i assume tense negotiations with tony trying to get the best for PVR and of course himself
Cameroon government are bringing in the US army normally they only come in when there is oil or gas at stake we have already seen the states investing in 5% the in January dont be surprised if we see a drop onto the 25-30 then a take over around 40p
Cameroon has gone up one place to 166 on the World Bank Ease of Doing Business Index in 2017. This has been driven by improvements in reliability of power supplies and dealing with business permits. Cameroon�s economy has been resilient in the face of security and humanitarian crises at the northern borders with Nigeria, the eastern borders with the Central African Republic (CAR) and despite stagnant economies in the OECD countries and a slowdown in growth among the emerging economies. Cameroon�s growth was driven by the secondary sector and a larger supply of energy and agricultural goods. According to IMF projections, real GDP is estimated at 4.3, thanks to a diversification policy aimed at developing value chains in agriculture and developing the construction sector and energy supply.
is this share ready to explode, the last time oil was around $70 a barrel this share was kicking around �3-�4 what is gonna make it explode back up the way oil talk is already stating $80 a barrel is on its way here, more turmoil coming with Iran and the middle east conflicts
I dont belive this will reach 1.15 per share and the reasons are clear the last time this was 1.15 per share the the turnover was half what is now, the company while reporting losing customers then this was the non profitable customers, centrica was carrying to much debt a few years back, this was predominately caused by the low commodity prices, we have seen a steady increase in this over the last 6 months both in Gas and oil (centrica) makes money from both not only that the debt has halved in the past two years we have had a particularly cold december and a number of factors such as the gas explosion and forties pipe line shut down which had a severe impact on the price of gas a record number of new homes being completed which the majority have gas central heating and gas cooking therefore i guess we will see in the results an increase in the number of customers business confidence has picked up and we are producing more, factories use gas to produce products and to heat the offices there has been a lot of speculation about centrica being taken over this is a strong possibility and my opinion is that we will see an American company take it over as the UK has better relations with the states also this would assist the Tories in there brexit plans also allow the americans to break up centrica and make shit loads of money gas is the clean product of the future and centrica has lots of it around 135 should be the bottom
Spirit will operate three of the licences awarded in the latest round, which marks the highest number of licences ever won in an APA round by Spirit. Spirit Energy Exploration Director Steinar Meland said: �This is a great outcome and adds to our diversified exploration portfolio, designed to support our growth ambitions in Norway.� Spirit Energy is gearing up the exploration activity on the Norwegian Shelf in 2018, and plans to drill four exploration wells during the current year. Mr Meland said: �We have a strong exploration track record and will continue to explore for new oil and gas resources. New licences are important for us to continue to create value.�
UK and Netherlands-focused oil and gas company The Parkmead Group (LSE: PMG) has released an upbeat set of full-year results. How upbeat? For example, its Netherlands gas production has risen more than sixfold. Alongside a bright long-term future, does this make it a better buy than oil and gas peer BP (LSE: BP)? Parkmead�s progress in the last financial year has been impressive. It has been able to make considerable improvements to its long-term outlook despite a challenging oil price environment. It discovered and brought on-stream a new gas field at Diever West within a time period of just 14 months. This has helped the company�s gas production to continuously beat expectations, with Parkmead�s production averaging around 34m cubic feet per day during June. Parkmead�s low-cost, onshore work programme has acted as a natural hedge to low global oil prices. It has allowed production from four separate gas fields in the Netherlands to have an average operating cost of $14 per barrel of oil equivalent. This has helped to boost Parkmead�s cash flow and has ensured that the company is cash flow positive on an operating basis. And Parkmead�s reserves and resources have increased significantly through two licence acquisitions. They help it to remain well-placed to take advantage of the ongoing lower oil price environment, with its significant cash resources, lack of debt and low-cost profile probably helping it to outperform a number of sector peers in the future. High risk Of course, Parkmead is set to remain lossmaking in the current financial year. As well as its relatively small size, this shows that it remains a relatively high risk option within what�s an uncertain sector. Oil and gas prices could remain highly volatile for a while, and it may be prudent for investors to seek out stocks within that space that offer a high degree of diversity. That�s a key reason why BP remains an attractive buy. Its asset base may not be as strong as it was prior to the Deepwater Horizon oil spill in 2010. However, it offers an appealing risk/reward profile over the long term, as well as greater stability than Parkmead. And with BP being highly profitable, it�s able to pay a generous dividend that�s due to be covered by profit next year. BP�s yield of 7.2% will boost its total return and could make a significant difference if capital gains are difficult to come by in an uncertain environment for oil and gas companies. As such, selling BP and buying Parkmead doesn�t appear to be a sound strategy. Both stocks have appeal and could deliver strong growth over the medium term. However, BP�s lower risk profile and greater diversity make it the favoured choice for patient investor. But will BP or Parkmead make you a millionaire? Of course, finding stocks that are worth adding to your portfolio is a tough task, which is why the analysts at The Motley Fool hav
takes his meter reading every Tuesday and reports that he has used less in the past three weeks this year than last year therefore centrica will not earn as much form consumers little does he know that gas prices have risen substantially and the norther part of the country has had snow since xmas and of course there are record number of new homes on the market ( maybe he thinks the new homes are powered by battery ) gla looking forward to an update saying that the adverse weather has brought us back into decent profit ps my mother in law has a new home and BG are taking 8 weeks to visit due to current demand and she is prepared to wait
the commodity price of gas over the past year and more importantly last few months on the increase https://www.theice.com/products/910/UK-Natural-Gas-Futures/data
the commodity price of gas over the past year and more importantly last few months on the increase https://www.theice.com/products/910/UK-Natural-Gas-Futures/data
Gazprom eyes British Gas takeover By Rhys Blakely and agencies February 2 2006, 12:00am, The Times Gazprom, the Russian gas giant, today said it is considering a takeover of Centrica, Britain�s largest gas distributor and owner of British Gas, according to Russian news agency reports. The news sent Centrica shares up more than 11 per cent, or 31.25p at 301.25p in afternoon trade in London, adding around �1 billion to the company�s stock market value. To track the stock click here.
Gazprom eyes British Gas takeover By Rhys Blakely and agencies February 2 2006, 12:00am, The Times Gazprom, the Russian gas giant, today said it is considering a takeover of Centrica, Britain�s largest gas distributor and owner of British Gas, according to Russian news agency reports. The news sent Centrica shares up more than 11 per cent, or 31.25p at 301.25p in afternoon trade in London, adding around �1 billion to the company�s stock market value. To track the stock click here.
the monthly average temperature in December was lower than the past five years. the cold spell is set to continue through out january and into february this can only be good news for centrica also the spot natural gas prices getting back up currently £53.03 i believe with the cold snap and the uptick in natural gas prices then this will eliminate anymore profit warnings and change to better than expected gla