Iog Share Discussion Threads

[affc21] 03/3/2022 12:30

Need to ask yourself why would CalEnergy (Berkshire Hathaway) spend umpteen millions here if they were worried about gas flowing, they obviously did their due diligence

[farrugia] 03/3/2022 11:50

what guarantees do we have here that gas will flow though?

[affc21] 03/3/2022 10:58

Oil and gas prices surge over supply fearsNear record highs add to inflation worriesMarch 3 2022, The TimesOil and gas prices soared yesterday on fears of disruption to Russian supplies as the Ukraine conflict intensified.Brent crude, the global benchmark oil price, rose as much as 10 per cent to more than $118 a barrel, a high not seen since 2013, as increasing numbers of western companies stopped buying Russian oil.UK gas prices jumped by 38 per cent to more than 400p per therm yesterday - more than ten times higher than a year earlier - and spiked as high as 463p, almost breaching the all-time highs set before Christmas.Russia is the world's second-largest oil exporter and the second-biggest natural gas producer. Pipeline imports of gas from Russia account for more than a third of the EU's gas needs.Ukraine has called on the world to impose a total embargo on Russian oil and gas exports, but as yet, formal sanctions have steered clear of energy because of concern of the impact on consumers. However, companies are starting to "self-sanction".The surge in oil and gas prices will feed through to higher inflation: the National Institute of Economic and Social Research estimated that the conflict could add up to 3 per cent to global inflation this year. British consumers are already facing record energy bill increases and prices at the petrol pump.Helima Croft, head of global commodity strategy at RBC Capital Markets, said Russian oil export volumes were collapsing "due to a buyers' strike and a divestiture movement that is gathering speed like a runaway train"."The current central bank sanctions as well as the selective Swift action is causing major risk aversion by key market participants," she added.Russian oil was trading at its biggest ever discount to Brent crude, with its buyers said to be facing difficulties in securing finance as big banks stopped issuing credit guarantees.Soaring gas prices reflected growing fears that Russian gas supplies to Europe may be disrupted, whether by deliberate Russian restrictions or by nations stopping buying it to inflict economic damage on the Putin regime.James Huckstepp of S&P Global Commodity Insights, the market intelligence group, said: "The market highs of today are at a level that implies expectations of much lower Russian flows or even the risk of a significant cut-off."Tom Marzec-Manser of Icis, the price reporting agency, said there was no physical disruption to gas flows from Russia yet. "It's likely we are seeing European utilities shun their contracts with Gazprom ... so they need to buy on the [trading] hub," he said.Phil Hewitt of EnAppSys said that higher prices reflected the German government issuing an order that gas storage sites must be 80 per cent full by October and 90 per cent by December: "A massive buy signal that is pushing prices up across the whole of Europe."Robert Habeck, Germany's economy minister, said it was prepared for the potential for Russia to stop gas exports.

[affc21] 03/3/2022 09:44

Updated (03.03.2022) Price to Sales Ratio:Price to Sales Ratio (@ 36p per share and 523,764,212 shares in issue):90% of max gas rate, I get (thanks to Lemming99):477,928 Therms = 46,310 mcf per day.X £18.66 (€25 via Panmure Gordon, Kistos brokers note 2022E gas price forecast) per mcf.X 350 (days per year)= £302,450,610 Sales ...Hence:IOG Price to Sales Ratio:£188,500,000 (Price) ÷ £302,450,610 (Sales 2022E) = 0.62 ratioI have used a 12 months assumed Sales for 2022, so as to compare to KIST....KIST Price to Sales Ratio (@ 405p per share and 82,863,743 shares in issue):£335,600,000 (Price) ÷ £358,637,892 (Sales 2022E via Panmure Gordon)= 0.93 ratio....Lots more to consider in an investment choice, but going of the Price to Sales Ratio only, there is more value in IOG.It would need IOG share price to increase by 50% (from 36p to 54p per share) to be on an equal P/S Ratio of 0.93 compared to KIST ( at 405p share price)....Note:This morning the price is £4.55 per Therm for June 2022 delivery, https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188707Lot's of upside potential here when we have the combination of rising gas prices and some catching up with the likes of KIST using the P/S Ratio, we just need first gas

[bountyhunter] 02/3/2022 22:33

ICE NBP Nat Gas NGLNMc1

LATEST TRADE 401.00GBP
CHANGE 111.02 (+38.29%)

TODAY'S RANGE 323.21 - 463.83
52 WEEK RANGE 38.60- 470.83

[flyer61] 02/3/2022 13:58

As I read it they have nothing sold yet. So should get market price from Day 1. Hedging their sales comes later.

[t0pgrader] 02/3/2022 13:43

At the time of the Gazprom rns in July 21 the company stated:

"Following a two-month period to establish consistent production, the GSA incorporates the potential for physical gas hedging, which the Company intends to undertake as part of its overall risk management programme"

presumably therefore a change of buyer will have a neutral impact on selling price?

[affc21] 02/3/2022 13:24

Lemming99 posted (a must read if invested here):"The current price for March delivery is £2.11 per therm"https://lemming99.blogspot.com/2022/02/running-numbers-for-blythe-and-elgood.html?m=1This afternoon the current price is £3.90 per therm for Summer 2022 delivery, https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188707Which smashes those figures to the upside.We just need that gas to start flowing and then there will be some catching up to be done with the share price here, in comparison with the Kistos etc...

[farrugia] 02/3/2022 12:34

yes but they've been delaying it again and again - is there any risk that gas might not flow? what are the risks here apart delays? they do have substantial debt and higher expenses too with those continual delays.

[bountyhunter] 02/3/2022 12:32

Gas was hit yonks ago! It's just getting it online that has been the problem but anytime from now is anticipated. Just read back a few RNSs for a basic picture of first gas due and further development.

[farrugia] 02/3/2022 12:24

what guarantees do we have that we will hit gas here? are the gas reserves proven?

[officerdigby] 02/3/2022 09:34

They had to do this as they were getting. Bad publicity...Ft article https://www.telegraph.co.uk/business/2022/03/01/british-energy-firm-ready-start-selling-gas-russias-gazprom/

[affc21] 01/3/2022 19:27

That was the right thing to do under the circumstances and I for one am glad they made that decision.

[bountyhunter] 01/3/2022 18:59

and Shell yesterday

[bountyhunter] 01/3/2022 18:36

They had no choice really given that Centrica did that earlier today...

[bountyhunter] 01/3/2022 18:19

Gas futures SUMMER22 now 300.000p

[petomi] 01/3/2022 18:11

A bit slow but the right decision.

GLA

[zhenya21] 01/3/2022 18:00

IOG, A BRITISH ENERGY COMPANY, HAS TERMINATED ITS GAS SALE AGREEMENT WITH RUSSIA'S GAZPROM.

[bountyhunter] 01/3/2022 17:54

Centrica cancelled their contracts with GazProm today, I'm sure IOG will do the same, if only they had some gas to sell!
Maybe one day, Rodney?

[bountyhunter] 01/3/2022 17:51

and down we go, can't even sell gas here to the Russians never mind ice to Eskimos ;)

[affc21] 01/3/2022 17:47

U.K. gas prices up 25% Dutch TTF prices up 30%

[from8to800] 01/3/2022 15:48

Sold out. This pullback after yesterday's strong close smells fishy.Might buy back in if technical set-up improves.

[dunderheed] 01/3/2022 15:13

Who knows - could be another monumental operational f up again?
How late is this "first gas" now?
God knows what this motley crew have f'ed up this time, lol?

All IMHO and DYOR of course.

[marvelman] 01/3/2022 14:53

Obviously that article did not go down well with jittery "investors". Don't you just love the serene silence from our "BOD"

[marvelman] 01/3/2022 13:25

Full piece I believe xxnjr is referring to:-