Centrica Share Discussion Threads

[thebestinvestor] 13/7/2021 13:35

Disco you might want to reconsider. Looks like your picks are dogs.

[disc0dave45] 11/7/2021 13:29

Have to take on board the fact earnings have now reduced by 35% due to the sale of Direct Energy (and they keep selling off assets to fund opex).This was trading (max) around 90p pre pandemic, so the equivalent now post DE sale of circa 58p (which is a massive PE of 21).

[justiceforthemany] 06/7/2021 23:27

Still trading at only half what it was pre pandemic. Dark forces holding it down like with Morrisons? Private equity would be getting a bargain.

[sarkasm] 06/7/2021 17:13

what a grey day for the oilies

[ammu12] 06/7/2021 16:20

Grupo 1% now

[grupo guitarlumber] 06/7/2021 16:12

thanks misca

much appreciated

[misca2] 06/7/2021 15:42

not long to wait now for some hopefully meaningful news



22-07-2021
Interim Results

[misca2] 06/7/2021 15:29

GGL thanks for maintaining the thread and posting

shame theres very little news out there regarding Centrica

i guess we will have to await coming interim earnings release


You might wish to change date in header for the following



22-07-2021
Interim Results

[ammu12] 06/7/2021 14:20

Grupo it's 0.8% down haha

[ammu12] 06/7/2021 13:36

As usual got nothing worthwhile to post...

[grupo guitarlumber] 06/7/2021 13:24

Ammu12
6 Jul '21 - 13:13 - 3588 of 3591 (Filtered)


0 0 0

Ammu12
6 Jul '21 - 13:19 - 3590 of 3591 (Filtered)


0 0 0
Ammu12
6 Jul '21 - 13:20 - 3591 of 3591 (Filtered)


0 0 0

[ammu12] 06/7/2021 13:20

Look grupo 0.9% down haha...What a thicko

[ammu12] 06/7/2021 13:19

Better than posting stupid...are you thick or special?

[grupo guitarlumber] 06/7/2021 13:17

lol

and none from you Ammu

[skinny] 06/7/2021 13:17

La Forge, or should I say Geordi - Brent was @$87 in October 2018.

"On Tuesday, U.S. oil benchmark West Texas Intermediate crude futures advanced 1.6%, or $1.22, to $76.38 per barrel. At one point, WTI crude hit as high as $76.98, which was the highest price since November 2014".

[ammu12] 06/7/2021 13:13

Wow grupo. Another valuable post from you

[grupo guitarlumber] 06/7/2021 13:09

52.4 -0.91%

[la forge] 06/7/2021 12:28

Oil prices rise to six-year highs after OPEC+ talks yield no production deal

Published Mon, Jul 5 20216:52 PM EDTUpdated 4 Min Ago

Pippa Stevens
@PippaStevens13


Oil jumped to its highest level in six years after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.

On Tuesday, U.S. oil benchmark West Texas Intermediate crude futures advanced 1.6%, or $1.22, to $76.38 per barrel. At one point, WTI crude hit as high as $76.98, which was the highest price since November 2014.

International benchmark Brent crude rose 0.2%, or 16 cents, to $77.32 per barrel — the highest since late 2018.

Discussions began last week between OPEC and its allies, known as OPEC+, as the energy alliance sought to establish output policy for the remainder of the year. The group on Friday voted on a proposal that would have returned 400,000 barrels per day to the market each month from August through December, resulting in an additional 2 million barrels per day by the end of the year. Members also proposed extending the output cuts through the end of 2022.

The United Arab Emirates rejected these proposals, however, and talks stretched from Thursday to Friday as the group tried to reach a consensus. Initially, discussions were set to resume on Monday but were ultimately called off.

“The date of the next meeting will be decided in due course,” OPEC Secretary General Mohammad Barkindo said in a statement.

OPEC+ took historic measures in April 2020 and removed nearly 10 million barrels per day of production in an effort to support prices as demand for petroleum-products plummeted. Since then, the group has been slowly returning barrels to the market, while meeting on a near monthly basis to discuss output policy.


“For us, it wasn’t a good deal,” UAE Minister of Energy and Infrastructure Suhail Al Mazrouei told CNBC on Sunday. He added that the country would support a short-term increase in supply, but wants better terms if the policy is to be extended through 2022.

Oil’s blistering rally this year — WTI has gained 57% during 2021 — meant that ahead of last week’s meeting many Wall Street analysts expected the group to boost production in an effort to curb the spike in prices.

“With no increase in production, the forthcoming growth in demand should see global energy markets tighten up at an even faster pace than anticipated,” analysts at TD Securities wrote in a note to clients.

“This impasse will lead to a temporary and significantly larger-than-anticipated deficit, which should fuel even higher prices for the time being. The summer breakout in oil prices is set to gather steam at a fast clip,” the firm added.

— CNBC’s Sam Meredith contributed reporting.

[la forge] 06/7/2021 12:26

Oil prices rise to six-year highs after OPEC+ talks yield no production deal

Published Mon, Jul 5 20216:52 PM EDTUpdated 4 Min Ago

Pippa Stevens
@PippaStevens13


Oil jumped to its highest level in six years after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.

On Tuesday, U.S. oil benchmark West Texas Intermediate crude futures advanced 1.6%, or $1.22, to $76.38 per barrel. At one point, WTI crude hit as high as $76.98, which was the highest price since November 2014.

International benchmark Brent crude rose 0.2%, or 16 cents, to $77.32 per barrel — the highest since late 2018.

Discussions began last week between OPEC and its allies, known as OPEC+, as the energy alliance sought to establish output policy for the remainder of the year. The group on Friday voted on a proposal that would have returned 400,000 barrels per day to the market each month from August through December, resulting in an additional 2 million barrels per day by the end of the year. Members also proposed extending the output cuts through the end of 2022.

The United Arab Emirates rejected these proposals, however, and talks stretched from Thursday to Friday as the group tried to reach a consensus. Initially, discussions were set to resume on Monday but were ultimately called off.

“The date of the next meeting will be decided in due course,” OPEC Secretary General Mohammad Barkindo said in a statement.

OPEC+ took historic measures in April 2020 and removed nearly 10 million barrels per day of production in an effort to support prices as demand for petroleum-products plummeted. Since then, the group has been slowly returning barrels to the market, while meeting on a near monthly basis to discuss output policy.


“For us, it wasn’t a good deal,” UAE Minister of Energy and Infrastructure Suhail Al Mazrouei told CNBC on Sunday. He added that the country would support a short-term increase in supply, but wants better terms if the policy is to be extended through 2022.

Oil’s blistering rally this year — WTI has gained 57% during 2021 — meant that ahead of last week’s meeting many Wall Street analysts expected the group to boost production in an effort to curb the spike in prices.

“With no increase in production, the forthcoming growth in demand should see global energy markets tighten up at an even faster pace than anticipated,” analysts at TD Securities wrote in a note to clients.

“This impasse will lead to a temporary and significantly larger-than-anticipated deficit, which should fuel even higher prices for the time being. The summer breakout in oil prices is set to gather steam at a fast clip,” the firm added.

— CNBC’s Sam Meredith contributed reporting.

[skinny] 06/7/2021 08:38

Brent Daily Chart link added to the header.

[adrian j boris] 05/7/2021 17:28

PROACTIVE INVESTORS


Philip Whiterow

13:15 Mon 05 Jul 2021

HydrogenOne Capital to list as Centrica mulls Rough upgrade

HydrogenOne is looking to raise £250mln to invest in green and blue hydrogen projects.

Britain’s hydrogen infrastructure is set for a boost after two major investment plans were unveiled today.

British Gas owner Centrica (LON:CNA) is planning a £1.6bn overhaul of its Rough gas storage site in the North Sea to switch it to hydrogen instead of methane.

Rough is 18 miles off the coast of Yorkshire and the upgrade might create 3-4,000 jobs during construction, Centrica said.

The plant can be running by as early as 2025-2026, Centrica said, if there is more clarity on the UK policy towards hydrogen.

Meanwhile, a hydrogen project investment firm backed by one of the UK’s richest men announced plans to list on the London stock market.

Jim Ratcliffe's Ineos is one of HydrogenOne Capital Growth PLC's (LON:HGEN) cornerstone investors and will subscribe for a minimum of 25mln shares at the issue price.

The firm is looking to raise £250mln to invest in green and blue hydrogen projects.

INEOS claims to be Europe's largest hydrogen producer, with an annual output of around 400,000 tonnes in addition to an electrolyser subsidiary.

“The INEOS investment in HydrogenOne will help to accelerate and diversify INEOS’ existing clean hydrogen strategy. It marks the beginning of another substantial and long-term partnership, opening new windows into the clean hydrogen world for INEOS,” it said in a statement.

Hydrogen One, which will be London’s first listed investment fund dedicated to clean hydrogen, says it has identified 36 assets to form the basis of its portfolio but reckons the market overall is worth US$90bn.

Simon Hogan, the chairman, said: “HydrogenOne is the first of a kind. The offering here is for distinctive and specialist access to the growth potential in clean hydrogen energy, that is simply not available elsewhere.

“We welcome INEOS' investment in the company and we are looking forward to expanding our collaboration."

[adrian j boris] 05/7/2021 17:26

PROACTIVE INVESTORS


Philip Whiterow

13:15 Mon 05 Jul 2021

HydrogenOne Capital to list as Centrica mulls Rough upgrade

HydrogenOne is looking to raise £250mln to invest in green and blue hydrogen projects.

Britain’s hydrogen infrastructure is set for a boost after two major investment plans were unveiled today.

British Gas owner Centrica (LON:CNA) is planning a £1.6bn overhaul of its Rough gas storage site in the North Sea to switch it to hydrogen instead of methane.

Rough is 18 miles off the coast of Yorkshire and the upgrade might create 3-4,000 jobs during construction, Centrica said.

The plant can be running by as early as 2025-2026, Centrica said, if there is more clarity on the UK policy towards hydrogen.

Meanwhile, a hydrogen project investment firm backed by one of the UK’s richest men announced plans to list on the London stock market.

Jim Ratcliffe's Ineos is one of HydrogenOne Capital Growth PLC's (LON:HGEN) cornerstone investors and will subscribe for a minimum of 25mln shares at the issue price.

The firm is looking to raise £250mln to invest in green and blue hydrogen projects.

INEOS claims to be Europe's largest hydrogen producer, with an annual output of around 400,000 tonnes in addition to an electrolyser subsidiary.

“The INEOS investment in HydrogenOne will help to accelerate and diversify INEOS’ existing clean hydrogen strategy. It marks the beginning of another substantial and long-term partnership, opening new windows into the clean hydrogen world for INEOS,” it said in a statement.

Hydrogen One, which will be London’s first listed investment fund dedicated to clean hydrogen, says it has identified 36 assets to form the basis of its portfolio but reckons the market overall is worth US$90bn.

Simon Hogan, the chairman, said: “HydrogenOne is the first of a kind. The offering here is for distinctive and specialist access to the growth potential in clean hydrogen energy, that is simply not available elsewhere.

“We welcome INEOS' investment in the company and we are looking forward to expanding our collaboration."