Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
''We asked some of the UK’s leading fund managers which sectors or stocks they thought were the most promising for 2024...
Henderson Opportunities Trust favours Hydrogen business Ceres Power (CWR). It has had a torrid time but made real progress, licensing its technology to create hydrogen from steam and electricity from hydrogen and oxygen. ‘Bigger companies like Bosch and South Korean company Doosan, who can afford the necessary capital spend, are building the plant. Doosan’s plant gets commissioned next year and then royalties should start coming through. Ceres’ technology addresses a vital and huge problem so it is very promising and I like their approach.’
High Production in 4Q23 and high YE23 net cash • 4Q23 production was 14,865 bbl/d with 20,090 bbl/d in December. This compares with 11,808 bbl/d in October and 13,420 bbl/d in mid November. • Well 16H is expected to start production by mid-January. The well will allow PetroTal to maintain production over 20 mbbl/d for the foreseeable future. • PetroTal expects to replace the 2P reserves produced in 2023. • PetroTal held US$90 mm in unrestricted cash at YE23. This is above our expectations of ~US$70 mm. In addition, PetroTal holds US$21 mm in restricted cash, US$70 mm in accounts receivable and US$68 mm in accounts payable. • The latest quarterly dividend of US$0.02 per share (US$0.08 per share per year) represents a dividend yield of ~13.5%. The ongoing share buyback programme represents a further return of >2% per year.
We re-iterate our target price of £1.50 per share
'' We believe Seplat has multiple catalysts for value uplift which remain poorly understood despite the share price outperformance this year. Based on new modelling, we provide detailed insights into these catalysts. Most certain are improved operational reliability and the start-up of the ANOH gas project. Completion of the MPNU acquisition and conversion to the new PIA terms could be transformative while enhanced corporate governance and the improved outlook for Nigeria add supportive context. Seplat is on a discount rating to peers and on compelling forward valuation multiples with upside of 32%-91% to our initial NAV estimates, excluding the potential transformational value from the MPNU and PIA uplifts. ''
https://twitter.com/surprised_trade/status/1745102909778378926
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.....
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