Centrica Share Discussion Threads

[seball] 18/2/2021 08:48

Doing some research into Centrica. Future looks bright with news on Energy price cap and Spirit sale back on the cards. Dividend payment resumption later in the year imo. BUY

[waldron] 18/2/2021 07:16

European markets head for higher open amid key earnings and U.S. data

Published Thu, Feb 18 20211:20 AM EST

Holly Ellyatt
@HollyEllyatt



Key Points

European stocks are expected to open higher on Thursday as investors await earnings from big names in the region, including Airbus, Credit Suisse, Barclays and Daimler.

London’s FTSE is seen opening 15 points higher at 6,715, Germany’s DAX up 22 points at 13,931, France’s CAC 40 up 11 points at 5,776 and Italy’s FTSE MIB up 59 points at 23,170, according to IG.

[waldron] 18/2/2021 07:16

European markets head for higher open amid key earnings and U.S. data

Published Thu, Feb 18 20211:20 AM EST

Holly Ellyatt
@HollyEllyatt



Key Points

European stocks are expected to open higher on Thursday as investors await earnings from big names in the region, including Airbus, Credit Suisse, Barclays and Daimler.

London’s FTSE is seen opening 15 points higher at 6,715, Germany’s DAX up 22 points at 13,931, France’s CAC 40 up 11 points at 5,776 and Italy’s FTSE MIB up 59 points at 23,170, according to IG.

[waldron] 17/2/2021 07:19

European markets head for mixed open as investors monitor rising U.S. Treasury yields

Published Wed, Feb 17 20211:13 AM EST

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open in mixed territory Wednesday as investors monitor rising bond yields.

London’s FTSE is expected to open 10 points higher at 6,756, Germany’s DAX down 22 points at 14,040, France’s CAC 2 points lower at 5,779 and Italy’s FTSE MIB 54 points lower at 23,347, according to IG.

[waldron] 17/2/2021 07:18

European markets head for mixed open as investors monitor rising U.S. Treasury yields

Published Wed, Feb 17 20211:13 AM EST

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open in mixed territory Wednesday as investors monitor rising bond yields.

London’s FTSE is expected to open 10 points higher at 6,756, Germany’s DAX down 22 points at 14,040, France’s CAC 2 points lower at 5,779 and Italy’s FTSE MIB 54 points lower at 23,347, according to IG.

[grupo] 16/2/2021 19:58

THE GUARDIAN

Energy industry
British Gas to bump up energy bills by £97 a year for millions

Move expected to hit 2.3 million customers who use standard gas and electricity tariff

Jillian Ambrose
Tue 16 Feb 2021 19.13 GMT

Last modified on Tue 16 Feb 2021 19.31 GMT

Millions of British Gas customers will be asked to pay almost £100 a year more for their gas and electricity after the regulator lifted its cap on energy bills.

The UK’s biggest energy supplier confirmed that it would raise the price of its standard variable energy tariff by £97 a year, less than a fortnight after Ofgem said it would lift the cap to an annual average of £1,138 for a dual fuel bill.

British Gas is the first major energy supplier to act following the energy cap rise, which is expected to impact 2.3 million of its customers who use the default energy tariff, and net the energy company almost £230m in extra revenues.

A British Gas spokesman confirmed the price hike would be set to the maximum level allowed by the regulator. Other major energy suppliers are expected to follow British Gas by raising bills for up to 11m households on standard energy tariffs.

The suppliers have been given the opportunity to raise their tariff prices by Ofgem which sets the upper limit for the average default energy bill based on the costs of supplying energy. A surge in global energy commodity prices has raised the cost of sourcing gas from the wholesale market, leading to a higher cap.
Sign up to the daily Business Today email

Ofgem’s price increase also includes a £23 hike to help suppliers such as British Gas claim back the cash they have missed because of unpaid bills during the coronavirus pandemic. It said the allowance would help energy suppliers to offer payment plans or emergency financial help to protect their customers – especially those in vulnerable circumstances.

Energy suppliers are still allowed to chase customers for unpaid debts using debt collectors.

[grupo] 16/2/2021 19:58

THE GUARDIAN

Energy industry
British Gas to bump up energy bills by £97 a year for millions

Move expected to hit 2.3 million customers who use standard gas and electricity tariff

Jillian Ambrose
Tue 16 Feb 2021 19.13 GMT

Last modified on Tue 16 Feb 2021 19.31 GMT

Millions of British Gas customers will be asked to pay almost £100 a year more for their gas and electricity after the regulator lifted its cap on energy bills.

The UK’s biggest energy supplier confirmed that it would raise the price of its standard variable energy tariff by £97 a year, less than a fortnight after Ofgem said it would lift the cap to an annual average of £1,138 for a dual fuel bill.

British Gas is the first major energy supplier to act following the energy cap rise, which is expected to impact 2.3 million of its customers who use the default energy tariff, and net the energy company almost £230m in extra revenues.

A British Gas spokesman confirmed the price hike would be set to the maximum level allowed by the regulator. Other major energy suppliers are expected to follow British Gas by raising bills for up to 11m households on standard energy tariffs.

The suppliers have been given the opportunity to raise their tariff prices by Ofgem which sets the upper limit for the average default energy bill based on the costs of supplying energy. A surge in global energy commodity prices has raised the cost of sourcing gas from the wholesale market, leading to a higher cap.
Sign up to the daily Business Today email

Ofgem’s price increase also includes a £23 hike to help suppliers such as British Gas claim back the cash they have missed because of unpaid bills during the coronavirus pandemic. It said the allowance would help energy suppliers to offer payment plans or emergency financial help to protect their customers – especially those in vulnerable circumstances.

Energy suppliers are still allowed to chase customers for unpaid debts using debt collectors.

[ammu12] 16/2/2021 19:14

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.Brent 63

[ammu12] 16/2/2021 18:22

December news...We should get update soon imo

[grupo] 16/2/2021 18:17

Centrica Restarts Talks to Sell North Sea Energy Venture
By Laura Hurst
and Rachel Morison
4 décembre 2020 à 15:01 UTC+1 Updated on 4 décembre 2020 à 17:51 UTC+1

Discussions on Spirit Energy underway with ‘number of parties’
U.K.-listed power supplier had earlier put divestment on hold




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 Exxon Mobil Corp. 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.
(Adds price estimate in third paragraph, details of Spirit Energy output in penultimate paragraph)

[grupo] 16/2/2021 18:17

Ammu

You got a link or is it just old news per below

[ammu12] 16/2/2021 18:10

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.

[misca2] 16/2/2021 17:35

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning
By Julianne Geiger - Feb 16, 2021, 11:00 AM CST
Join Our Community

Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.

Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.

And when they refer to this rise, they’re talking $80, or even $100 per barrel.

Others, like oil analyst Arjun Murti who correctly predicted the last $100+ per barrel achievement seen between 2008 and 2014, say that talk of this next supercycle may be a bit hasty.

For Malek, he sees a situation where demand outstrips supply, before “we don’t need it in the years to come.”

The reason for supercycle predictions is simple: stimulus packages, most notably the stimulus package that the U.S. government is expected to roll out, are expected to boost consumption.

And according to Currie, this stimulus will create a “significant, commodity-intensive consumption” as the stimulus package is mostly targeting lower and middle-income households.

“These people don’t drive Teslas,” Currie explained. “They drive SUVs”.

Murti, on the other hand, thinks that if oil demand were to increase by a half a million barrels per day over the next year, it wouldn’t be enough to outstrip supply.

As a point of reference, global oil demand sank roughly 10 million barrels per day as a result of the pandemic in 2020.

If, however, oil demand were to pick up steam by as much as 1.4 million barrels per day, a supercycle may follow.

Veteran trader Pierre Andurand told the Financial Times that the fate of oil prices rests on OPEC—specifically on how much oil they supply.

Standing in the way of the next supercycle, says Andurand, could be Iran returning to the global oil markets, and OPEC’s production in general.

Retired veteran trader—a particularly successful one that made a not-so-small fortune on oil’s last supercycle—Andy Hall, sees the oil market in “terminal decline” the Financial Times writes, and likened any price rally as a dead cat bounce.

By Julianne Geiger for Oilprice.com

[misca2] 16/2/2021 17:32

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning
By Julianne Geiger - Feb 16, 2021, 11:00 AM CST
Join Our Community

Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.

Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.

And when they refer to this rise, they’re talking $80, or even $100 per barrel.

Others, like oil analyst Arjun Murti who correctly predicted the last $100+ per barrel achievement seen between 2008 and 2014, say that talk of this next supercycle may be a bit hasty.

For Malek, he sees a situation where demand outstrips supply, before “we don’t need it in the years to come.”

The reason for supercycle predictions is simple: stimulus packages, most notably the stimulus package that the U.S. government is expected to roll out, are expected to boost consumption.

And according to Currie, this stimulus will create a “significant, commodity-intensive consumption” as the stimulus package is mostly targeting lower and middle-income households.

“These people don’t drive Teslas,” Currie explained. “They drive SUVs”.

Murti, on the other hand, thinks that if oil demand were to increase by a half a million barrels per day over the next year, it wouldn’t be enough to outstrip supply.

As a point of reference, global oil demand sank roughly 10 million barrels per day as a result of the pandemic in 2020.

If, however, oil demand were to pick up steam by as much as 1.4 million barrels per day, a supercycle may follow.

Veteran trader Pierre Andurand told the Financial Times that the fate of oil prices rests on OPEC—specifically on how much oil they supply.

Standing in the way of the next supercycle, says Andurand, could be Iran returning to the global oil markets, and OPEC’s production in general.

Retired veteran trader—a particularly successful one that made a not-so-small fortune on oil’s last supercycle—Andy Hall, sees the oil market in “terminal decline” the Financial Times writes, and likened any price rally as a dead cat bounce.

By Julianne Geiger for Oilprice.com

[wendsworth] 16/2/2021 12:27

supermarky : Agree that restoration of the dividend will ignite the share price .

[cleverinvester] 16/2/2021 09:32

Should smash 55p today. Have you seen Aspers?

[ammu12] 16/2/2021 07:46

We currently expect to report 2020 full year adjusted earnings per share from continuing and discontinued operations(1) ahead of current market consensus(2) . 2020 closing Group net debt is expected to be approximately GBP2.8bn, a reduction of over 10% in the year. This is before including net proceeds of GBP2.7bn from the sale of Direct Energy (which closed on 5 January 2021), the bulk of which will be used to reduce net debt and make a contribution to the Group's defined benefit pension schemes.The Company is due to release its 2020 Preliminary Results on 25 February 2021.

[waldron] 16/2/2021 07:41

European markets set to open modestly higher as recovery hopes lift global stocks

Published Tue, Feb 16 20212:18 AM EST

Elliot Smith
@ElliotSmithCNBC

Key Points

Economic data releases will be high on the agenda in Europe on Tuesday, with euro zone flash GDP and employment figures for the fourth quarter due at 10 a.m. London time.

LONDON — European markets are heading for a slightly higher open Tuesday as hopes of an impending economic recovery underpinned by persistently low interest rates continue to drive risk-on trade.

Britain’s FTSE 100 is seen around 33 points higher at 6,789, Germany’s DAX is set to climb by around 31 points to 14,139 and France’s CAC 40 is expected to add around 11 points to 5,797, according to IG data.

[waldron] 16/2/2021 07:36

Some havw pencilled in resistences of 56.10p and 61.25p for starters

[ammu12] 16/2/2021 07:05

Let's see if we can finally smash 55 today....