Centrica Share Discussion Threads

[action] 07/12/2020 12:24

CNA is good day trading stock. Range 38 to 52p.

[aspers] 07/12/2020 09:14

Ammu.......maybe yourself and cleverinvestor should have held your tounge then when I said I had sold most of my holding in CNA. Why do you not ask yourself why this has not shot up along with every other stock once the vaccine news came out. You all told me I was crazy for selling as with news about to break on the energy sale being ratified that this would fly! Well the sale has been ratified and all I see is a slight fall back. I hope your decision to hold will work out for you but honestly there are so many other stocks out there that have so much more potential than this.......since I sold my CCL shares up over 20% in less that 2 weeks, IAG not far behind. I took a hit on Tui and sold at a slight loss but reinvested by topping up in Saga which give it time could double in price.
Hopefully you guys will get your wish and see this back at 80p and paying a dividend again.....but as all the fire sale money is being used to prop up the buisness I dont see that happening soon. Good luck to you both.

[ammu12] 07/12/2020 08:41

I knew Casper would post on a down day.Always seems to post when share price is down and his travel shares up...

[aspers] 07/12/2020 08:37

Cleverinvestor........maybe you should have listened to me and come over to travel.

[cleverinvester] 07/12/2020 08:11

Brexit uncertainty I would think

[cleverinvester] 07/12/2020 08:02

Fantastic news , wouldn't you be an idiot to sell now with all the good news pending.Gla

[sarkasm] 07/12/2020 07:45

ENERGYVOICE



Oil & Gas / North Sea
Centrica ‘restarts talks’ to sell Spirit Energy
Centrica Plc, the biggest supplier of energy to U.K. homes, has resumed talks over a potential sale of its North Sea oil and gas venture after putting the plans on hold earlier this year.
by Bloomberg
07/12/2020, 7:18 am


Centrica Plc, the biggest supplier of energy to U.K. homes, has resumed talks over a potential sale of its North Sea oil and gas venture after putting the plans on hold earlier this year.

The London-listed company is in discussions with “a number of parties” regarding a sale of its controlling stake in Spirit Energy Ltd. “but hasn’t restarted the official sale process,” a representative for Centrica said in response to Bloomberg queries.

The stake in Spirit Energy could be worth $1.8 billion to $1.9 billion, said Elchin Mammadov, a senior utilities analyst with Bloomberg Intelligence.

Centrica has been seeking to shed its exploration and production operations to focus on energy supply. It initially kicked off the Spirit Energy sale last year, when the business’s valuation was pegged at more than $2 billion, Bloomberg News reported at the time. The process was paused in April this year after a Saudi-Russian oil price war and the global pandemic that savaged demand.

Assets are now starting to return to market, with ExxonMobil resuming plans to offload its North Sea oil fields, people with knowledge of the matter have said. French major Total SE made a similar divestment in the region in August.

Shares of Centrica have fallen almost 50% this year, giving the company a market value of about 2.7 billion pounds ($3.6 billion). It owns 69% of Spirit Energy, which is a joint venture with Munich municipal utility Stadtwerke Muenchen GmbH and German gas supplier Bayerngas GmbH.

According to sales documents issued last year and seen by Bloomberg, Centrica’s intention was to sell its full stake for cash. Spirit Energy operated more than 30 fields and a dozen development projects, which produced around 130,000 barrels of oil equivalent a day in 2018, the documents show. Output, which is two-thirds gas, is expected to be maintained above 100,000 barrels through to 2025.

Centrica booked a 381 million-pound impairment charge in the first half on its exploration and production assets, which include Spirit Energy, due to falling oil and gas prices. Spirit Energy’s adjusted operating profit fell by 63% to 33 million pounds in the six months through June.

[jeannettetigger] 06/12/2020 18:51

Also North Sea Energy for sale with a $1.8 - $1.9 billion price tag.

[cleverinvester] 06/12/2020 11:47

If the £2.5 billion comes in early Jan we should see a large lift .

[grupo guitarlumber] 06/12/2020 10:07

Next possible resistence around 47p and then 51p

[cleverinvester] 05/12/2020 20:52

Ammu :Aspers announced he sold up with 180k loss and then hangs around like a bad smell.Aspers made a clown of himself on LSE this morning on the IAG BB.What a pathetic clown.

[cleverinvester] 05/12/2020 20:51

Aspers is scum. Announced he sold up and hanging round like a bad smell. Aspers made a clown of himself on the IAG board this morning.What a pathetic clown.

[ammu12] 05/12/2020 20:38

Asper is probably the worst person I've come across on adfvn....absolute scum

[cleverinvester] 05/12/2020 17:38

I doubt it either, This board is full of sore begrudgers like aspers .

[peteret] 04/12/2020 16:13

A little up date so .Sold Centrica 12/12/20 for .45,20 now 45,89Bought Rolls Royce same day for 1.10,80Now 1.30,50 and probably will climb back up after this short dip at the moment. Good luck if your still holding but there's more money to be made elsewhere.

[cl0ckw0rk0range] 03/12/2020 23:10

Doubt they have ever been invested.

[cleverinvester] 03/12/2020 21:15

Aspers your like a boomerang, A sore invester who sold up at the wrong time.Pathetic Clown

[aspers] 03/12/2020 21:00

Cleverinvestor.......West Palm beach is calling, some of us have work to do. Stay safe and maybe for once in your life try to be nice to folk for a change. Adios.

[cleverinvester] 03/12/2020 17:53

Aspers It's funny that I'm in good profit with CNA and you have lost 180k. So who's the clown then, maybe look in the mirror ah ha ha ha

[ammu12] 03/12/2020 16:06

Up from your 44.5 sell.

[aspers] 03/12/2020 16:03

Cleverinvestor..... Just like to see how profitable hanging on to CNA would have been. My Saga up 9% today, CCL up 6%, IAG up 3% ....my Tui taken a kicking but a RI on the way so some cheap shares coming. Where has CNA gone since I dumped? Nice to see a director spending £161 though, he must feel confident that selling the crown jewels will benefit the group. Maybe you should change your name to Cleverclown?

[wendsworth] 03/12/2020 15:31

peteret : See...SP has gone blue since my posting !! ...Which for what it's worth... is genuine. Bon chance.

[ammu12] 03/12/2020 15:21

Cna time will come