Centrica Share Discussion Threads

[skinny] 21/7/2023 10:02

Yes - new 3+ year high @128.60p 🥳

[supermarky] 21/7/2023 09:59

excellent if ee can hold a good strong finish into the weekend. onwards and upwards

[volsung] 19/7/2023 12:34

Bought a few of these
Nice momentum

[skinny] 19/7/2023 08:16

Centrica - Hydrogen Not Just Heat Pumps Key to Decarbonising Homes:
Dismiss the Myths and Embrace the future.

[waldron] 11/7/2023 07:54

Centrica signs $8bn LNG supply deal with Delfin Midstream

Tue, 11th Jul 2023 07:04
Sharecast News

(Sharecast News) - UK energy company Centrica on Tuesday said it had signed an $8bn deal with US-based Delfin Midstream to buy 1.0 million of liquefied natural gas a year for 15-years.

The agreement will see Centrica take delivery of around 14 LNG cargoes per year from the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana, and could provide enough energy to heat 5% of UK homes for 15 years, the company said in a statement.

t follows a three-year supply agreement with Equinor that will heat 4.5 million UK homes through to 2024 and the reopening of the Rough gas storage facility in October 2022. Rough now provides half of the UK's total gas storage capacity with the potential to store over 50 billion cubic feet (bcf) of gas, enough to heat almost 10% of UK homes throughout winter.

Reporting by Frank Prenesti for Sharecast.com

[mroalan] 11/7/2023 07:53

Centrica signs US$8bn gas deal with Delfin Midstream
Published: 07:26 11 Jul 2023

[boozey] 04/7/2023 22:18

And still only 50% of the way through the Current Buyback..>.

[supermarky] 04/7/2023 20:09

onwards and upwards here

[skinny] 04/7/2023 10:49

127.85 3+ year high.

[skinny] 04/7/2023 10:38

JPMorgan raises Centrica price target to 150 (140) pence - 'overweight'

[skinny] 04/7/2023 10:18

TGOM - there is a Financial Calendar link in the header.

[the grumpy old men] 01/7/2023 10:51

Events
Calendar

20-07-2023
Final dividend payment



27-07-2023
Interim results

[the grumpy old men] 01/7/2023 10:49

Analysts' Consensus

Mean consensus

BUY

Number of Analysts
15

Last Close Price
1.240GBP

Average target price
1.451GBP


High Price Target
1.750GBP



Low Price Target
1.100GBP


what price would you wish for MrRO

Needs to break thru a strong Resistance to zap up

[mroalan] 01/7/2023 10:32

Looking at the progress of the share price I should be solvent by 2025 just need to live long enough!

[boozey] 30/6/2023 19:29

We are not even half way through the latest buyback programme which should at the very least underpin the current price

[riskvsreward] 30/6/2023 18:24

Centrica used to have a market cap. of nearly £30 b and a price north of £4. It can have a long way to go if a lot of things now work in its favour, the opposite of those past downward years.

There is no reason why it cannot have the same or bigger cap than other utility companies like SSE, which is valued at £20 b.

[supermarky] 30/6/2023 18:12

lovely finish

[skinny] 30/6/2023 11:46

.




Following further engineering work and investment, Centrica has announced increased gas storage capacity at Rough, the UK's largest gas storage facility.

The facility, which is 18 miles off the coast of East Yorkshire, stopped storing gas in 2017 but was re-opened for gas storage in October 2022. Rough now provides half of the UK's total gas storage.

At the time of reopening Rough for gas storage it was able to store approximately 30 billion cubic feet (bcf) of gas for UK homes and businesses. Further investment in the facility means Rough will now be able to store up to 54 bcf of gas, boosting the UK's energy resilience for the coming winter - this would provide the equivalent volume of gas to heat 2.4 million homes over winter.

The UK has diverse gas supplies with connections with Norway and other European countries and 3 LNG import terminals. However, it still has some of the lowest levels of gas storage in Europe at 12 days average or 7.5 peak winter days, compared to Germany at 89 days, France at 103 days and the Netherlands at 123 days.

Rough will help keep prices down for consumers by balancing the UK's gas market, injecting gas into the facility when there is excess supply and putting that gas back into the UK's gas network when customers need it most, keeping prices lower at that point of peak demand. The additional capacity means Rough can store up to 6 days of average UK gas use.

Centrica's long-term ambition is to turn the Rough gas field into the largest long duration low carbon energy storage facility in the world, capable of storing both natural gas and hydrogen.

Centrica Group Chief Executive, Chris O'Shea, said "The resilience of the UK's energy system needs to be substantially improved. We are delighted to play our part by further expanding the UK's gas storage capacity. Rough is not a silver bullet for energy security, but it plays a critical role in increasing capacity and supply confidence over the winter months. Rough can help our energy system by storing natural gas when there is a surplus and producing this gas when the country needs it during cold snaps and peak demand.

"We stand ready to invest GBP2 billion to repurpose the Rough field into the world's biggest methane and hydrogen storage facility, bolstering the UK's energy security, delivering a net zero electricity system by 2035, creating 5,000 skilled jobs and decarbonising the UK's industrial clusters by 2040. But to do this we need the right regulatory support framework. This world class North Sea asset has the potential to help the UK economy return to a position of being a net exporter of energy once again."

Ends

[supermarky] 30/6/2023 11:34

super nosebleed

[skinny] 30/6/2023 11:09

124.50 3+ year high.

[csalvage] 27/6/2023 09:41

SocGen raises Centrica price target to 156 (140) pence - 'buy'

[skinny] 21/6/2023 07:41

Yes - a dreadful performance - but I wish all of my shares were performing as such - up 49% over 12 months!