Centrica Share Discussion Threads

[jayson26jay] 15/9/2021 18:47

high prices are never good for suppliers such as BG, and short term only drains cash.

[bookbroker] 15/9/2021 18:30

This company will thrive with prices rising on the energy front and the price cap being raised to enable encumbents access to the market. However they are rising at such a clip it is likely the price cap will be raised again in 2022. Sure the amount CNA losing on that gas contract that expires in 2025, but compensated by the prices they are receiving on the supply front with Spirit.

[waldron] 15/9/2021 18:24

PROACTIVE INVESTORS

Power & Utilities

Giulia Bottaro

15:18 Wed 15 Sep 2021


Fire at France-UK power link heaps pressure on electricity supplies

Some 1,000 megawatts will be unavailable until 13 October on top of an already planned outage

National Grid - Fire at France-UK power link adds pressure on electricity supply woes

National Grid (LSE:NG.) plc announced that a fire at Kent plant has halted some electricity supply between France and the UK until next month.

Some 1,000 megawatts will be unavailable until 13 October, on top of the 1,000 megawatts unavailable until 17 September due to a planned outage.


“Emergency services are in attendance. The site has been evacuated and the safety of our staff, emergency teams and local residents is our highest priority,” the group said.

The IFA interconnector site is out of service but the IFA2 interconnector is operating as normal at full capacity.

Brokerage group Delta Energy said that most energy suppliers have suspended trading for the time being.

The incident is adding further pressure on an already squeezed market in the UK, struggling to get supply from abroad and to generate power locally.

Power prices rocketed even further following the fire, while the lack of zero-carbon nuclear energy coming from France is likely to boost gas and coal use.

UK gas futures jumped almost 12% to a record 184.6p per therm, The Telegraph reported, from highs of 100p per therm on Tuesday morning, according to Refinitiv data.

As of Wednesday afternoon, half of the UK’s electricity was powered by fossil fuels, with 20% coming from renewables and 14% from nuclear.

Shares in National Grid (LSE:NG.) dipped 1% to 957.9p before close.

[tahmina1] 15/9/2021 16:37

Moving into green areas, investing in electric car charging, heat pumps that will replace gas boilers, SPirit doing well with NG prices sky rocketing /.smaller players going bust
WHY IS CNA DOWN THIS LOW!

[mroalan] 15/9/2021 12:34

" good news " WTF is that?

[norma_noog] 15/9/2021 09:44

If we get any good news I can see 55p, any bad news and it's 45p or lower. Terrible performance in 2021 and this is likely to continue for some time.

[waldron] 14/9/2021 07:39

European markets set for tepid open as investors await U.S. inflation data

Published Tue, Sep 14 202112:57 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

U.S. consumer price index readings for August are due at 1:30 p.m. London time, and are expected to show inflation stateside continuing to run hot.

European Central Bank policymaker Isabel Schnabel said on Monday that the ECB is ready to act if inflation does not ease as soon as next year, as currently expected.

LONDON — European markets are heading for a muted open on Tuesday as global investors await inflation data from the U.S., which could inform the Federal Reserve’s timing for tapering its monetary stimulus.

Britain’s FTSE 100 is seen around 4 points higher at 7,072, Germany’s DAX is expected to add around 34 points to 15,735 and France’s CAC 40 is set to climb around 10 points to 6,687, according to IG data.

[waldron] 13/9/2021 20:18

Soaring European Energy Prices Could Send The Commodity Boom Into Overdrive

By Tsvetana Paraskova - Sep 13, 2021, 10:00 AM CDT

Join Our Community

Record breaking natural gas and electricity prices in Europe could be the harbinger of increased volatility in global commodity markets, according to Goldman Sachs.

“European energy pricing dynamics offer a glimpse of what is in store for other commodity markets, with widening deficits and depleting inventories leading to elevated price volatility,” the investment bank’s analysts wrote in a new report carried by Bloomberg.

Depleted natural gas inventories and low wind speeds have led to a surge in electricity prices across Europe, putting pressure on governments as consumers protest against soaring power bills ahead of the winter heating season.

Electricity prices from the UK to Spain have jumped to all-time highs, people in Spain have taken to the streets, while prices across Europe so high could become a drag on the economic recovery from the pandemic.

According to Goldman Sachs, Europe’s natural gas and electricity prices could rise even further, considering that gas levels in inventories are at a ten-year low—and not filling fast enough—just ahead of the winter heating season that begins next month.


“[D]emand destruction is the only option to rebalance markets,” of natural gas in Europe, Goldman’s analysts said.

Should supply continue to be lower than usual and the winter turn out to be colder than usual, Europe’s gas and electricity prices could jump further from already record levels, Goldman Sachs notes.

Higher prices from here would “ration demand and thus curb energy-intensive industrial production,” the investment bank’s analysts wrote.

Power prices in the UK, Germany, France, and Spain—some of the largest economies in Europe—have set records over the past week.

The U.S. State Department’s envoy for energy security, Amos Hochstein, said during a visit to Poland last week that he was concerned with the low natural gas supplies in Europe ahead of the winter season, which could be colder than usual.

By Tsvetana Paraskova for Oilprice.com

[grupo guitarlumber] 13/9/2021 17:14

Apparently next strong resistence 53.50p, however there seems a risk that it might fall back under 50p

[grupo guitarlumber] 13/9/2021 17:10

Centrica : 13 Sep 2021 Prime Minister and Chancellor welcome Centrica commitment to training 3,500 apprentices in green skills jobs boost Company

09/13/2021 | 12:52pm BST

13 September 2021 Prime Minister and Chancellor welcome Centrica commitment to training 3,500 apprentices in green skills jobs boost

The Prime Minister welcomes the announcement as he visits the British Gas Training Academy in Leicester with the Chancellor.

The company's ambition is that 50 per cent of recruits are women.

The Prime Minister and the Chancellor also help take delivery of the 500th British Gas electric van - making it the UK's largest electric vehicle fleet.

'Upskilling people around the country is crucial to scaling up the UK's green industrial revolution over the next decade. Centrica's commitment to hire and train 3,500 apprentices will build the next generation of clean energy experts, who will go on to install the electric vehicle charge-points and heat pumps we need across the UK. Through our Plan for Jobs, we're supporting more and more people from all backgrounds to start new careers in innovative industries and get the right skills for the future.'

[waldron] 13/9/2021 07:52

European markets set for tepid start to the new trading week

Published Mon, Sep 13 20211:07 AM EDT

CNBC

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open flat to lower on Monday, with investors continuing to weigh up the European Central Bank’s latest policy decision.

London’s FTSE is seen opening 4 points lower at 7,025, Germany’s DAX 15 points lower at 15,595, France’s CAC 40 down 15 points at 6,649 and Italy’s FTSE MIB 25 points lower at 25,647, according to IG.

[norma_noog] 12/9/2021 21:06

Can someone please tell me when this will hit 55p again, it's a struggle to get anywhere near that figure. What a dog of a share. Thanks.

[waldron] 10/9/2021 19:28

Thanks

dipa11
10 Sep '21 - 18:24 - 3825 of 3825
0 0 0


HAVE A GREAT WEEKEND ONE AND ALL

CHUCKLE AND CHEERS

[dipa11] 10/9/2021 18:24

https://m.marketscreener.com/quote/stock/CENTRICA-PLC-9590112/news/Centrica-10-Sep-2021-British-Gas-to-supply-customers-of-PfP-Energy-and-MoneyPlus-Energy-Investor-36397095/

[waldron] 10/9/2021 18:10

[United Kingdom] CENTRICA PLC (CNA)

Delayed Quote. Delayed London Stock Exchange - 09/10 11:37:19 am

49.7 GBX -2.74%

Lets await early days of next week that might confirm Box change

in the meantime lets enjoy the weekend

[norma_noog] 10/9/2021 15:09

Back into the 40s we go! Will this dog ever run again?

[waldron] 10/9/2021 11:47

It seems that oil and gas companies on the FTSE 100, MANY AFFECTED BY COVID IMPACTS etc




WISHFUL THINKING PERHAPS FOR THE LONG LONG TERM TARGET

Should be fun to chalk it up BOX BY BOX

The Centrica WISH LIST BOXES togetherwith Broker targets thrown in for good measure to make you laugh,chuckle,smile and or smirk

40 to 50p
50 to 60p $$$$$$$$ we are just about here $$$$$$$$$$$$$$$ with JEFFERIES Targetting 58p
60 to 70p
70 to 80p $$$ BereNberg targets 70p $$$
80 to 90p


December 2019 ended at 89.30p

December 2020 ended at 46.60p

August 2021 ended at 51.96p


Mean consensus OUTPERFORM

Number of Analysts 18

Last Close Price 51,10 GBX

Average target price 63,05 GBX

High Price Target 77,00 GBX

Low Price Target 50,00 GBX


BROKER TARGETS

Jefferies remains Buy with a price target reduced from GBp 60 to GBp 58.


12-Aug-21 Berenberg Bank Overweight up from 67.00 to 70.00 Reiteration

[norma_noog] 10/9/2021 11:11

Just checked in; down again and stuck in the ashes; too much debt, too much competition from cheaper providers and too many customers lost. Hardly any decent movement in 2021. Be lucky to see 70p by Xmas 2022 at this rate!!! What a dog.

[action] 10/9/2021 10:53

Must be good time to buy. Doomsters on boards.

[action] 10/9/2021 10:52

Added some more.

[leadersoffice] 10/9/2021 02:49

When will this dog rise from the ashes ? Gas prices are doubling and are projected to triple this winter. Surely it's got to move upwards ? I've been in this company for years. Kept my holding. I'm convinced it will come back. 70 pence by Xmas would be good lol