The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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
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
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$80-85m. The shares are on a prospective 2024 dividend yield of 10%, based on consensus.
All good and a very busy 2024 starting January all lined up......sounds like the bod know what they're doing with both finances and production as Free cash flow keeps flowing, divi's keep coming and consistent profits being generated with good use of tax allowances 👍
Tax rebate of AS$ 2.1m, new joint venture signed with Ionic ahead of next weeks IP court case with Maxwell/Tesla (if not settled before 🧐) importantly states it's funded for 2024 on current business. broker has 7p target.
https://twitter.com/surprised_trade/status/1731955313396375737
''Oil and gas are absolutely certain to become incredibly short and very high priced........running out of hydrocarbons is like running out of civilization. All this oil trade, all these drugs, fertilizers, fungicides, etc. … they all come from hydrocarbons. And it is not at all clear that there is any substitute..''
''Oil and gas are absolutely certain to become incredibly short and very high priced........running out of hydrocarbons is like running out of civilization. All this oil trade, all these drugs, fertilizers, fungicides, etc. … they all come from hydrocarbons. And it is not at all clear that there is any substitute..''
Revenue rose 6.5% to GBP774.2 million from GBP727.2 million. Cost of sales increased 9.7% to GBP419.0 million from GBP382.1 million, while administrative expenses increased 9.6% to GBP248.6 million from GBP226.8 million.
The company maintained its interim dividend at 4.5 pence per share. It added that the first GBP25 million of its GBP50 million buyback programme has been completed, with the second GBP25 million tranche to start soon.
Pets At Home highlighted that it has transitioned its stores to the new Stafford distribution centre as it builds a new digital platform.
"The first half saw us move our store logistics operations into our new Stafford DC. This was the period of highest risk in our move to a single DC and the DC is now fulfilling deliveries to 100% of stores, with
availability having now normalised. However, in getting to this position, we experienced a period of disruption during Q2. From the early part of Q2, we saw a deterioration in our in-store availability from normal levels of around 95%, to around 80% at peak disruption," the company said.
Chief Executive Lyssa McGowan said: "As we stand today, through our point of peak investment, with the benefits of our new distribution centre and new digital platform still ahead of us, we look to the future with confidence that we can deliver our plan, to build the world's best pet care platform."
For the current financial year 2024, Pets At Home expects consumer sales to grow in line with its medium-term goal of 7% and expects an underlying pretax profit of GBP136 million, in line with current analyst consensus