Centrica Share Discussion Threads

[excellance] 26/5/2020 00:24

Naa oil and gas prices will rise fast from here.

[discodave4] 25/5/2020 19:50

hTtps://www.utilitysavingexpert.com/news/plummeting-demand-could-signal-lights-out-for-renewable-energy/

[nortic 007] 25/5/2020 17:01

Anyway..... Dax up 2.9% so hoping for a good performance from the FTSE tomorrow!!

[excellance] 25/5/2020 15:29

The board are responsible for the direction of travel over the last few years, and this is a large ship to immediately change course.

We all know the assets within this shell are a dogs dinner, and divestment is the obvious solution.

There are essentially 4 opposing businesses under the same roof and they need sorting out.

The nuclear and oil/gas companies need to go, and renewables too possibly although that does give us political brownie points.

Are they hiding losses?
Is this another enron?

If not then this should recover as we climb out of our bunkers.

[discodave4] 25/5/2020 10:54

"I'm looking at 55p as a realistic target"Time will tell, at least it is more realistic than some. O'Shea is not a new starter, so far IMO he has done nothing to instil any confidence, he has not addressed the issues and it's been nearly 2 months since they updated the market. For one of their main objectives, upon which so much hangs off, namely the sale of Spirit/nuclear, this is what O'Shea said about the Spirit sale: "we have taken the decision to pause the process until financial and commodity markets have settled". Okay so how long ffs, 2 years, 3 years, what?. They have been talking about divestments for over 5 years already. If they aren't planning on selling Spirit anytime soon, how are they going to fund their new strategy?. The £600m won't even cover IMO operating costs and £1bn (the original value of Spirit) drawdown will impact credit ratings.The BOD are the main problem here not the business.

[discodave4] 25/5/2020 09:09

From the Times:Energy companies could go bust because of a surprise £500 million bill for keeping the lights on during the coronavirus pandemic, SSE has warned.

[discodave4] 24/5/2020 22:09

Terminated, Useless lost it all, shame. You never know who's on here really does one.

[discodave4] 24/5/2020 18:17

Not to worry, 75p in a week or so.......apparently, according to resident TA guru.

[nemesis6] 24/5/2020 15:36

The 2 biggest dogs I own are these and metro.....oh for a time machine I don't think can will go bust though...mtro ...well

[discodave4] 23/5/2020 16:59

From the Times, about share price crash at HUR:Its shares closed down 46 per cent, or almost 5¾p, at about 6½p last night. The setback was bad news for the Centrica-controlled Spirit Energy, which struck a deal in 2018 to partner Hurricane in a neighbouring area.

[discodave4] 23/5/2020 15:16

PSCan't compare this with PMO, if you think short positions provide insurance then by your own admission CNA is very very risky. Besides, I'm certain that the minority in PMO (20% short) have made 10 times more profit longs have! (from 120p high to 10p low)......IMO the minority make the money not the majority, whichever side of the fence you sit.

[discodave4] 23/5/2020 15:02

stagNot worried in the slightest. If at record levels and was long (I'm not) then I would take note in the change/s. The FCA number is not the actual short position anyway, it's a lot higher, but still worthwhile keeping an eye on.

[stag6] 23/5/2020 13:14

Disco, don't let shorts worry you. Shorts are there in virtually every FTSE company. I would bet that every company on the LSE is being shorted by someone. Don't see 2.15% isn't a big deal as 97.85% are long, shorts add volatility to the sp, so lets see CNA shorts at 10%.

I have traded Premier Oil from 13p in late March up to 30p this week. Premier has 20% of it's stock being shorted, that is 10 times more than CNA, always remember that shorts are insurance in most cases other than bear raids.

Both CNA and Premier are energy stocks, the sector is a good one for volatility.

[stag6] 23/5/2020 13:09

Disco, don't let shorts worry you. Get in and join the 98% longs.