Diversified Gas & Oil Share Discussion Threads

[carcosa] 13/1/2021 09:07

If forecasts are to be believed:


"The $3.01 forecast for Henry Hub in 2021 would represent a marked improvement over 2020, when prices there averaged only $2.03. Henry Hub is expected to strengthen further in 2022, rising to $3.27, according to EIA"

[mondex] 07/1/2021 17:53

From S&P Global Platts:

US supply slump
In January, total US gas production has averaged just 90.7 Bcf/d – down more than 5 Bcf/d from its prior record high and about 3 Bcf/d below its early January 2020 level.

Reduced gas supply from oil-heavy basins has fueled a rally in the Henry Hub 2021 forward gas curve. In late October, the run-up in prices peaked as the calendar-year average topped $3.15/MMBtu.

While mild winter weather and elevated storage volumes have since dampened the outlook for prices, a modest recovery in the forward curve has taken hold since late December as forwards traders reconsider the steep and sustained selloff. On Jan. 5, the calendar-year 2021 Henry Hub price settled at an average $2.80/MMBtu – up about 13%, or more than 30 cents, from its recent low.

[mo2550] 06/1/2021 17:24

Possibly someone is building a nice position or adding - noticed a pattern of late reported sizeable trades for a number of consecutive days now & tighter spread...Hoping we might get some acquisition news soon with DGOC new investor Oaktree Capital

[fardels bear] 06/1/2021 16:57

Sluggish thus one, isn't it?

[fardels bear] 01/1/2021 21:44

Well, I'd drink to that, if any pubs were open,

[lab305] 01/1/2021 19:41

"All publicity is good publicity" The company has been woefully undervalued for twenty months since the days of 134p. I look upon any article that puts the company in a favourable light as a bonus and an aide to helping get back there.

[podgyted] 01/1/2021 18:59

I don't particularly like companies changing names, but the "& Oil" bit here does them no favours.

I think it was three years ago I first had to advise someone on another board who'd started a thread that said DGOC was an oil producer (didn't even mention gas) - he came back with the "fact" that the price of oil and gas is linked which I had to disadvise him of as well.

Given, due to inbreeding, Eton and Harrow, the average IQ in the City is that of a primary school kid - so I'd do the change.

Hope Motley Fool didn't pay anyone for that article - come to think of it I really don't care.

[fardels bear] 31/12/2020 23:56

He thinks it's an oil stock. How much research gas he done exactly?

[fardels bear] 30/12/2020 22:00

That does sound more sensible. Thanks.

[lab305] 30/12/2020 21:32

Clarification on dividends and withholding tax have been posted countless times . Just for the umpteenth . Sipps no tax. Everything else including ISAs, UK citizens pay 15%. If you are paying more change broker. There have been several instances over the last three years of broker's not doing their job properly.

[lord gnome] 30/12/2020 21:30

FB - my understanding is slightly different in that if you complete the W8-BEN you are only charged 15% tax whether in an ISA or an ordinary trading account. The US Treasury does not discriminate.

[br1an] 30/12/2020 20:48

Fardels- there seems to be inconsistent application's from brokers.
Freetrade applied 15% on my ordinary trading account.
I had completed the W8-BEN stuff.

[fardels bear] 30/12/2020 20:41

Nope. You get 15% withholding tax in an isa, 30% in a normal trading account and no tax in a sipp..

[doubleorquits] 30/12/2020 19:36

....and AJ Bell SIPP! I presume other SIPPs, too though ISAs treated same as ordinary share accounts.

[fardels bear] 30/12/2020 19:22

And 10.43% in the HL SIPP..

[lab305] 30/12/2020 17:08

After withholding tax at 15%, yield is now at 9.3% approx. Better than most investments with regular payments four times a year.

[pt725] 30/12/2020 15:29

Thanks Guys

[doubleorquits] 30/12/2020 14:52

And reduced to 15% tax outside a SIPP with W-8BEN.

[rik shaw] 30/12/2020 13:55

No tax taken off in HL SIPP

[mo2550] 30/12/2020 12:12

What is a W-8BEN?A W-8BEN form means we can claim a US tax reduction for you on your dividends and interest from US shares. Withholding tax rates can be reduced from 30% to 15%, or to 0% if your shares are held in a SIPP. All clients who want to trade US shares need to submit a W-8BEN.

[riskvsreward] 30/12/2020 11:54

If it is in SIPP, no tax will be taken, at least that is the case with AJ Bell.

[pt725] 30/12/2020 11:46

Hi Guys, I have just been told by my bank that the dividend paid is after US tax is paid. Is that correct as if yes it pulls the yield down by 30%. Let me know if you have had the same experience.