Member Info for surprised

212p.....crazy price for FCF generating business, 10% divi and ahead of expected acquistion, market provides opportunity occasionally..

.....given all the M & A activity in the oil and gas sector and Serica's recent news of significantly increased headroom for acquisitions, you have to conclude it's just a matter of time before we see a significant RNS here

https://twitter.com/surprised_trade/status/1743218370919457135

Https://twitter.com/surprised_trade/status/1738120897414742352

What he says 👇

Share Money

..given all the M & A activity in the oil and gas sector and Serica's recent news of significantly increased headroom for acquisitions, you have to conclude it's just a matter of time before we see a significant RNS here.

I cannot recall anything of this magnitude for an O&G to be released like this in the middle of the day!

https://twitter.com/baroninvestment/status/1737839203902541969

Https://twitter.com/surprised_trade/status/1737840850753970598

Acquisition is expected to transform Harbour into one of the world's largest and most geographically diverse independent oil and gas companies

immediately accretive

completely transformational deal for HBR. Seller BASF and LetterOne is primarily taking shares in HBR at 360p per share

Dividend will be increased to 26.25p/share in the first step. Room for further increase.

https://twitter.com/OilGasTracker/status/1737839484010705178

Https://twitter.com/OilGasTracker/status/1737839205240475813

Harbour Energy is acquiring Wintershall Dea asset portfolio, completely transformational deal for HBR. Seller BASF and LetterOne is primarily taking shares in HBR at 360p/share.

Https://www.youtube.com/watch?v=3N9xW1bBJa0

Merryn Talks Money Bloomberg - Hedge fund manger explains investors and politicians do not understand energy transition, why they short the green energy sector, the case for investing in money making fossil fuels and why no rational person would ever develop another wind farm.

Or take a look at some of the stocks where bod had large skin in the game and shareholdrs were left with little or nothing...Kape for instance, they are many others too......

The tailwind deal was voted for by shareholders, large and small and won by a landslide, so it's done and a if SQZ had just been left with gas and no oil many would be stating why did they not take the oil deal....it was not perfect but it gives us oil, tax off sets, free cash flow, healthy divis etc . The oil market is volatile and will be for a while, SQZ has excellent fundamentals against an uncertain political and volatile market providing the much needed energy that will remain in demand for many years. We'd all like 400p+ sp now but the market and inflation, China, Uk tax policies etc has held back many stocks from progressing in the last year to put it in perspective

2024 see's interest rates due to fall and global oil demand set to rise.....

JPMorgan top energy strategist:

"We won't see oil demand peak in our lifetime. That's because there is a huge hidden demand from emerging markets

JPMorgan top energy strategist:

"We won't see oil demand peak in our lifetime. That's because there is a huge hidden demand from emerging markets."

Funds promoting ESG goals – the world’s biggest class of ESG funds with an estimated $5 trillion in assets – have raised their exposure to the oil and gas industry over the past two and a half years, according to data from Bloomberg.

https://oilprice.com/Latest-Energy-News/World-News/ESG-Funds-With-5-Trillion-in-Assets-Boost-Exposure-to-Oil-and-Gas.html

''The world still needs more – not less – oil over the next seven-to-10 years, IEA wants Oil companies to invest more in areas like offshore wind, however, oil and gas is vastly more profitable.''

Where to invest simply depends on the profit – and, for now, oil and gas is vastly more profitable. A few years ago, BP and Shell announced big plans to invest in green energy, while scaling down fossil fuels. Since then 'green' returns have disappointed, and both companies have turned back to an oil focus.'

The potential for years – if not decades – of healthy oil demand means that there’s little incentive for oil companies to divert into less profitable or loss making green ventures

https://www.bloomberg.com/opinion/articles/2023-12-07/exxon-chevron-and-shell-can-t-lead-the-green-energy-transition?srnd=premium-uk

''The world still needs more – not less – oil over the next seven-to-10 years, IEA wants Oil companies to invest more in areas like offshore wind, however, oil and gas is vastly more profitable.''

Where to invest simply depends on the profit – and, for now, oil and gas is vastly more profitable. A few years ago, BP and Shell announced big plans to invest in green energy, while scaling down fossil fuels. Since then 'green' returns have disappointed, and both companies have turned back to an oil focus.'

The potential for years – if not decades – of healthy oil demand means that there’s little incentive for oil companies to divert into less profitable or loss making green ventures

https://www.bloomberg.com/opinion/articles/2023-12-07/exxon-chevron-and-shell-can-t-lead-the-green-energy-transition?srnd=premium-uk

Oil has much longer to run - China’s state oil and gas giant CNPC has forecast peak oil demand coming to China by 2030.

Petrochemicals will account for 30% of demand leaving the bulk demand in fuel. Long term, demand is seen falling to 220 million tons annually by 2060

https://oilprice.com/Latest-Energy-News/World-News/CNPC-Sees-Chinas-Oil-Demand-Peaking-in-2030.html

Https://twitter.com/disclosetv/status/1732721134942994755

Europe could face an ice age because of "dangerous tipping points," a new "climate report" now claims

We're going to need a lot more oil and gas

Despite oil a tad down on the day SQZ slowly climbing up .....all looks like we should expect a potential significant upgrade to production guidance in 2024 following the work this summer. 👍

The very positive trading update suggests people love their pets and always have and will continue too....with the rental market relaxing rules on pet ownership it is likely many folk excluded from pet ownership previously are likely to enter the pet market in 2024.

Costs are clearly, like in any aspect of life, a consideration, but it appears the cost of companionship/pet ownership etc is one people will put before others, as pets in most families come first. 🐕🐈‍⬛🐇

Last week we attended a site visit to i3’s assets in central Alberta in Canada – the company’s largest producing area. We were left with a favourable impression of the magnitude of the company’s operations in the region, of the professional operational running of these, and of the overall level of opportunity in this wellestablished oil and gas province.........

Overall, we were impressed with the scale and professional operation of the i3 assets and facilities we toured, and were left with the impression that the company’s portfolio assets have significant potential for further growth.........

The company also clearly has an experienced and cohesive team, well capable of executing its plans and work programmes going forward, in our view........

i3 Energy overview. i3 is an E&P company focused mainly onshore Canada, with producing assets across central Alberta, Clearwater in northern Alberta, and Simonette and Wapiti/Elmworth in western Alberta. These hold a total 181mmboe of net 2P reserves. The company also has the Serenity discovery in the UK North Sea. i3 produced at 21mboe/d net in H1 2023, generating EBITDA of £38.6m and FCF of (£6.4m) after CAPEX of £27.2m. Full year 2023 production is guided at 20-21mboe/d and EBITDA at US$80-85m. The shares are on a prospective 2024 dividend yield of 10%, based on consensus.

All good and a very busy 2024 starting January all lined up......sounds like the bod know what they're doing with both finances and production as Free cash flow keeps flowing, divi's keep coming and consistent profits being generated with good use of tax allowances 👍

Thanks, that explains it ...