Member Info for surprised

350p takeover offer :-)

In addition, it is widely discussed currently that the UK/EU may scrape, only may scrape, through this winter without power cuts, all seem very concerned that with russian gas out of the picture from this month and the sanctions imposed on them that a major squeeze on supply will occur in 2023 leading to bigger problems and costs throughout 2023. Evem more of a major reason for the UK to ensure a fairer tax to incentivise supply, investment and keep costs under control. ...With respect to the current share price against the demand/supply issues now and the envisaged issues over the coming year it is clearly disconnected from forward look, the company fundamentals, cash pile, daily profits, rising gas prices etc .astonished we are not closer/over 400p+ heading higher as we sit under 300p with a product in massive demand ...I guess these are the opportunities that markets throw up at times, I added more on the drop at 272p

The UK needs the North Sea gas/oil for many years to come and the short sighted, ill thought out WFT will be under review now that all the producers, Shell, Equinor etc are now clearly stating no new investment in UK. Energy security at affordable cost is essential and energy ministers over past ten years have been asleep at the wheel, the current government are clearly not as grown up as some thought and the fact that they imposed aWFT on an essential industry with no discussion with anyone from that industry is astonishingly inept, however, the folly of their way will result in higher costs for gas and shortage of supply. I believe that the penny must surely drop any moment now that a decent floor to prices has to be established to encourage production, investment and longer term security...

https://elcomercio.pe/politica/congreso/vacancia-presidencial-en-vivo-pedro-castillo-congreso-destitucion-del-presidente-del-peru-en-directo-votos-dina-boluarte-dini-peru-libre-app-partidos-politicos-congresistas-noticia/

Congress takes the oath of Dina Boluarte as the new president
After a coup d'état, Parliament held an emergency session and dismissed Pedro Castillo for permanent moral incapacity.

https://twitter.com/elcomercio_peru/status/1600588317598388224

Citizens celebrate Pedro Castillo's arrest in the streets of Lima

His deputy is about to be sworn in as leader in the next hour to maintain stability....states Al jazeera

he was about to be impeached and attempted a coup....

https://twitter.com/zerohedge/status/1600574150132776983

*PERU POLICE DETAIN PRESIDENT PEDRO CASTILLO: COMERCIO

https://twitter.com/surprised_trade/status/1599868971179991040

'The Puinahua Authorities Board (JAP) expressed its satisfaction with the agreement reached by PetroTal and Perupetro in the final draft of the addendum to the License Contract for Block 95..'

very positive, locals and politicians etc all on board ..

https://twitter.com/surprised_trade/status/1599788979364458497

A few degrees Celsius is all that stands in the way of regional blackouts in Europe. And the cold season has barely even begun ....energy supply is tighter than many think....

https://www.bloomberg.com/opinion/articles/2022-12-05/the-worst-of-europe-s-energy-crisis-isn-t-over-electricity-blackouts-loom?utm_medium=email&utm_source=newsletter&utm_term=221205&utm_campaign=author_19016770&leadSource=uverify%20wall

Expecting a very decent trading update around 12/13th December based on recent results, broker report and management outlook statement..... ''The business has the foundations in place to be recognised as the leading mid-market specialist advisory business to SMEs. The Board remains confident in the outlook for FY23 and beyond, as early indicators show yet another strong year of trading ahead, with a robust pipeline and opportunities to grow." ''creating a Group that we now see as extremely robust throughout the economic cycle ....."we are well positioned to continue this upwards trajectory and early signs looking into the new financial year are encouraging, with revenue across the three business divisions significantly ahead of the same period last year.''

https://twitter.com/surprised_trade/status/1598373422563745792

Shell, Equinor, Ithaca, and now Total stating they will divert investment away from UK....

WFT momentum and pressure building on UK government to lessen impact ....Total joins the list of we wont invest in UK ..

https://twitter.com/surprised_trade/status/1598289300415983617

Gas prices, jumping as cold weather arrives for the next three/four months and demand ramps up across EU/UK...competition will be fierce as nations compete to keep the lights on. Broker has 800p+ as sp target

momentum a nd pressure is building on the government to lessen the impact of WFT on energy companies, if they want to have energy

https://www.thetimes.co.uk/article/oil-firm-s-plea-over-levy-zfgqd3smh:-)

Ithaca Energy, the oil and gas producer, wants the government to work with the sector as it judges how the energy profit levy will affect its North Sea development plans......

https://twitter.com/surprised_trade/status/1597594110478716929

the disconnect between cash flow, profits (even after wft tax), no debt and the current sp remains...and it is large disconnect imo, astonished the sp is not currently 400p+ heading closer to 500p as gas demand ramps up.

that link didn't work so well...it's the research ....tree site

https://*********************/research/shore-capital/shore-capital-initial-trading-comment-29-november-2022/53_f0692036-62a3-4fc0-9248-e877d294bd08

https://twitter.com/surprised_trade/status/1597518400359923712

new broker note out, raised target to 410p

K3 CAPITAL^ (K3C, Buy, 265p) – Turning up the volume K3 Capital, the professional services business advising UK SMEs, has a volume-based approach that is resilient to cyclical downturns. Transformational acquisitions have improved the balance of the business model to provide three distinct service lines (Business Sales, Tax and Restructuring), whilst windfall M&A transactions and big ticket administrations provide significant upside potential to our numbers. We initiate coverage of K3 Capital with a BUY and a fair value of 410p (55% upside).

https://twitter.com/surprised_trade/status/1597511444987539457

Over the last 40 hours, the UK wind power industry has gone from producing 16.4 GW to 0.4 GW
UK power markets are tight, hence large increase in gas demand & jump in gas price yesterday...winter's coming