Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Gas on the rise, up another 10% .....😳
UK Gas 128.2200 +43%
https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5508885
Nov23 128.220 10/12/2023
Dec23 138.500 10/12/2023
Jan24 143.630 10/12/2024
Https://twitter.com/baroninvestment/status/1712068422358442346
Headlinethrough for you that hold O&G #SEPL:
*SEPLAT CEO: EXXON NIGERIA DEAL `ON FAST TRACK' TO RESOLUTION
Https://www.nasdaq.com/articles/nigerian-oil-regulator-optimistic-on-exxon-asset-sale-to-seplat
very interesting :-)
UK Gas GBp/thm 122.6800 +12.25% on the day +33.90% on the week
A probe into a leak from an undersea gas pipeline between Finland and Estonia is proceeding on the assumption that it was a deliberate act of destruction, according to people familiar with the matter.
https://www.bloomberg.com/news/articles/2023-10-10/finland-gas-pipe-leak-probe-proceeding-on-premise-of-sabotage?leadSource=uverify%20wall
PTAL back at August's price 😳 from 49p a few days ago. Profits growing, FCF growing, divis growing, cash growing....brokers have initial targets of 100p -150p
https://twitter.com/surprised_trade/status/1711676785329410469
.pulled back from 270p, with oil & gas rising expecting a challenge on 270p+ ahead of ex divi (9p) day 26.10.23
https://twitter.com/surprised_trade/status/1711675197802025314
''...expectations of a continuing strong performance and we are encouraged that the Investors Chronicle, and the Peel Hunt analysis to which it refers, both hold Serica as a recommended buy on the basis of their analysis. ''
IC view ''...a solid position and the higher oil price should drive up sales in the second half. Buy.''
Macro events always trump gas/oil sectors/companies and sp's are affected accordingly as all markets and sectors have seen a drop over past week there is nothing Kist specific in the share price movement alone ....markets will test holders with low tolerance, it's what they do on occasions.
Https://twitter.com/surprised_trade/status/1709496480183050305
new broker note out re Serenity opportunity ... WHI View: Value for the Serenity area is not included in our 25.6p fair value estimate for i3 Energy and therefore, the field represents potential upside
broker raises target to 25p+ with Serentity upside not included in original target providing further upside
And SQZ ha sno shortage of buyers for oil at higher prices than just three months ago, with hedges falling off going forward and OPEC ensuring demand outstrips supply...winter will no doubt see gas prices leap over coming weeks too, so unlike many sectors demand is good, business outlook is good and SQZ will be generating, profits, cash, divis etc
With respect upomega, it's the general market overall that has dropped across all sectors, oil and gas stocks have been included in the drop as market algo's push sp's down acrosss the board.
Thankfully, unlike many sectors, oil stocks are typically generating, profits, free cash flow, have cash balances and are paying very decent dividends, there are few other sectors that tick all those boxes
Although markets are currently sliding overall, from an investor view we can only seek out, profitable, cash generating, divi paying, (no/little debt) stocks that will eventually see fundamentals win out
Rising global demand for energy and oil is set to keep crude oil prices elevated, OPEC’s Secretary General Haitham Al Ghais told the BBC in an interview published on Tuesday.
Oil demand is expected to rise by around 2.4 million barrels per day (bpd) this year compared to 2022, and by another 2 million bpd next year, Al Ghais said.
“For next year we see demand continuing to grow north of 2 million barrels a day - of course, all subject to some of the uncertainties in the global market,” said the top official of OPEC, whose members are currently cutting supply to the market under the OPEC+ agreement.
he supply cuts from OPEC+, including Saudi Arabia’s 1-million-bpd extra cut, have tightened the oil market in recent weeks and sent oil prices to as high as $95 per barrel Brent last week—the highest level so far this year.
This week, oil prices have tumbled due to the rising U.S. dollar and concerns about higher-for-longer interest rates.
OPEC is more concerned about the underinvestment in the oil sector, Al Ghais told the BBC, adding that the calls for a halt in investments are dangerous.
Earlier this year, Ghais said that global primary energy demand is expected to surge by 23% by 2045 and that all sources will be needed to meet the demand growth.
OPEC’s outlook for 2045 sees global oil demand rising to 110 million bpd, with oil still representing about 29% of the energy mix.
Investments in the oil industry alone need to be $500 billion each year between now and 2045, for a cumulative $12.1 trillion through 2045,
Last month, OPEC rebuked the International Energy Agency (IEA) for claiming that oil and gas demand would peak this decade and for calling the “beginning of the end of fossil fuels.”
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Secretary-General-Sees-Oil-Prices-Staying-High.html