RE: MARS Which owns bars, clubs and pubs is even goig up :)18 Mar 2020 13:32
yes, and its no an oiler or in social industry....and is well devisfied and in growth mode. china is comming out of the virus, cases to bare miniuim...waht gives take.....! if mars can by up 35% when they have venues closed in the uk.....ELM will be 60%....as it corrects :)
This is very good for g3e, who the gov supports and had provided a long term licence. The delay seems to be due to the virus, whch is comming to an end in china. Poople have more need for gas now then ever before.
looking deeper...its high profit business, 65mill profit, even half that would be 30m profit.....and they are talking 15-20% impact of corona at worst case..........big difference between 26p to 100p, even to 46p paid by management close to the actual numbers/ pipeline
it was not an issue at 100p+ 2 weeks ago, with broker target of 200p+. looks very diversified across the baord. better than the oilers....low oil and no demand. want same price as the dirctor paid, they think its too cheap and now the numbers comming in ...who are we to argue
RE: Saudi & Russia say they are happy with the oil price.17 Mar 2020 21:38
you can't blame suadi or russia, low demand is low demand. low price they get income, and buyers can store it. oil to use later.../ buyers are looking for tankers/ storage right now, which means low will remain low for long time. And then we may not need as much electric comes in and people just travel less, and less.
small companies are better off buying oil to store rather than working to sell what they have and making no meaningfull profit!....
RE: Saudi & Russia say they are happy with the oil price.17 Mar 2020 21:33
the thing is when no body wanst oil, it does'nt matter you need to sell more to keep up the same income. when you do that price crumples. simply becuase there is no demand. client blame saudi or china.....they can fix price if nobody wants it, then better of dropping teh price so people take it and store it!..... when they store it they need less of it.....its a bloody cycle that will go one and on. Oilers are in big trouble. IMHO.
''China’s government has laid out “ambitious plans” to pursue these options, Miller says. In its 12th five-year plan, which set out policies for 2011-15, the Chinese government aimed to recover and utilise 5.6m tonnes of methane from coal mining. By 2020, it aims to recover 13.2m tonnes of methane...''
It appears China wants to capture methane gas before mining for caol, and have approved g3e exploration licence....rest is history. won;t sell less then 60p....if you think spread is large, it won't matter when its up 300/400%.