Eco (atlantic) Oil & Gas Share Discussion Threads

[greedy rooster] 03/6/2009 07:34

ECO marked up this morning. Looks like the buy signal is confirmed.

[greenisgood] 03/6/2009 06:58

"Ecosecurities registers largest 'Gold Standard' project
Published: 02 Jun 2009 16:44 CET Last updated: 02 Jun 2009 16:47 CET

A windfarm in Turkey has become the largest project to be registered under the Gold Standard."

[greedy rooster] 21/5/2009 08:57

ECO AGM statement reassuring, CERs in line and cash up to €53. Market Cap £46m - I don't think so. Momentum improving and chart looking very good. I'm taking more if the price breaches 43p. Cheap stock!

[matt123d] 20/4/2009 23:13

Still looking good here, uptrend forming with a recent higher low and a higher high today.

Rising 50dma also.

[matt123d] 19/3/2009 11:38

Looking good.

Rising 20dma and the 50dma is starting to level off.

Seller appears to have been cleared now - 50p target.

[mceasy] 17/3/2009 15:52

market cap below cash. cash positive.

[golla] 17/3/2009 10:04

Someone accumulating big time it seems.

[hazl] 03/10/2008 15:12

cle tre laugh 987 would be interested in your comments

[laugh987] 28/9/2008 15:41

having followed carbon credits for a while and aware of only eco securities i would appreciate more insight into the company. I would be glad to share my views in the industry working for over 15 months out of dubai.your thoughts and way forward into this company and details of competitive co.. would be appreciated
jack

[broadsword2] 23/9/2008 09:49

any ideas on the 7064613 traded at 70.25 yesterday please?

[alwaysuk] 11/9/2008 09:00

At this burn rate they will have run out of cash in less than a year ...then what?

[schruh] 07/9/2008 09:44

Long term green investments are going to prove to be major winners, the trouble is that some companies like this one are going full throttle to maximise their short / medium term gains. They then end up in deep doo doos.

The real issue is that the science of global warming is new and not fully proven, similarly the UN and related carbon systems are new.

Also the UN is run by a bunch of bureaucrats many of whom are losers elsewhere in life, mainly failed politicians, at least that's my personal analysis of knowing that organisation. So they tend to be ignorant about markets, finance, business because they tend not to come from those professions.

So what does that mean? Well, valuing carbon projects, or their emission savings is going to be frought with political numbers games. So if you base a company on those valuations, you need to be ready for a big surprise or two.

I guess ECO decided to make hay while the sun shines, but now its definitely cloudy, even raining. I would be surprised that they can cover their obligations.

I am staying out until there is more clarification in this game. But longer term, playing in the carbon markets is definitely the way to go.

[greenisgood] 21/8/2008 13:01

Some more news out today on the global carbon fund market (including ECO)

See:

[praipus] 20/8/2008 21:34

Thank you.

[praipus] 20/8/2008 21:33

Never assume....I think TRE had/have some and I own ECWC Capital shares from Ecofin Power and Water Opportunities Investment Trust PLC who hold a bundle of TRE.

Edit: Further search around I suspect I added them to the watch list after waking up to the carbon trading world. Boom comming any moment now IMHO.

[greenisgood] 20/8/2008 21:30

Praipus - blimey, there IS someone else with shares in ECO!

A couple of more websites you may want to keep your eyes on, they regularly feature news about ECO and other carbon trading companies such as CAO etc are;

1)
2)

Also, worth keeping an eye on the Ghana climate change talks about to start

[praipus] 20/8/2008 20:57

Beauty......:-) Where did you find that Greenisgood?

edit:

[greenisgood] 20/8/2008 19:29

For those unfamiliar with the significance of the recently announced EU CITL link-up to the UN system for ECO the following article from poweralternatives.com should explain:

"August 20, 2008
Carbon Trading: The EU And The UN Finally Get Their Ducks In A Row

By Ivor Watt

It may not have been widely heralded, but earlier this month it was announced that testing to establish communication between the UN and the European Union carbon registries had been successfully completed. Unheralded, yes, but for the EU's carbon trading system, and also for several UK-listed companies, vitally important.

Although the EU Emissions Trading System (ETS) is the most - indeed the only - established mandatory cap and trade system for carbon emissions in the world, it has been under threat of stalling of late, due to the lack of communication with the UN International Transaction Log. This disconnect was threatening to unhinge the relationship between polluters in the developed world and the creators of carbon credits in the developing world.

But the latest moves mean that carbon emissions reduction certificates created in the developing world under UN initiatives can now be transferred into the EU system, freeing up what was threatening to become a debilitating bottleneck in the system. The official launch of communication between the two systems hasn't happened yet but should do so before the end of the year.

The final confirmation of the two systems' ability to communicate removes one of the last major uncertainties in the EU's carbon trading system and should now allow member states to issue their national allocation plans for domestic industries, which determine how much carbon companies are allowed to emit. Some countries had been using the lack of communication as a reason to withhold their allocation plans, adding to the uncertainty about the system.

Confirmation of communication between the registries is of great significance to several companies that specialise in aggregating portfolios of carbon credits in the developing world, where they are issued under the auspices of the UN's Clean Development Mechanism, and then selling them into the EU system to companies who are overshooting their emissions targets. These carbon trading companies were facing up to a potential cash flow problem in that credits they had forward sold, or promised, to clients were stuck in the system and unavailable for physically delivery. As a result their payment for said credits was also held up.

But now Camco International, EcoSecurities and Trading Emissions can all continue to build their portfolios in the confidence that the credits produced can be sold into the EU system. Investors who have seen the value of their investments in these companies slide in the past year due to uncertainties in the system should begin to see the share prices in these companies recover, as they recover the ability to prove the value inherent in their portfolios. All three companies have seen their share prices suffer as investors have switched to more established sectors. In the meantime, sentiment toward carbon credit portfolio aggregators has not been helped by the demise of one-time rival AgCert, nor by a profit warning from EcoSecurities issued last year.

Another company which has been unaffected by such tribulations, but which will also welcome the news of the removal of further uncertainty from the EU ETS system is Climate Exchange. Climate Exchange has been one of the biggest successes on London's Alternative Investment Market (Aim) over the past year, as it has enjoyed being perceived as a proxy for the growth of the carbon trading market itself, through its operation of the European Climate Exchange, the dominant clearing platform for carbon trades in the EU. With volumes rising incessantly and Climate Exchange seemingly maintaining its market share, the the removal of further uncertainty can only help its cause.

As the carbon market continues to mature, and the communication between the two registries aids this, the participants who have struggled to establish themselves over the past few years may finally begin to see the fruits of their labours realised."

[alwaysuk] 23/4/2008 14:23

Carbon-market millionaires take a hit

U.N. uses hard line on project approval

Jeffrey Ball , The Wall Street Journal
April 16, 2008
Oxford, England - Marc Stuart and Pedro Moura Costa have become multimillionaires in a booming new market designed to fight global warming.
Now, their empire is under attack.
Their firm, United Kingdom-based EcoSecurities Ltd., helps companies in the industrialized world meet their obligations to pollute less by selling them "credits" that fund clean-air projects in poorer nations. Last year, some $9.4 billion in these credits were traded, up from almost none four years earlier.
The market's anything-goes early days appear to be ending. United Nations officials who regulate the trade started questioning scores of proposed projects, from hydroelectric plants in China to wind farms in India. The issue: whether they provide real environmental gains, or are just padding the pockets of middlemen like EcoSecurities.
The company's woes are a prime example of how tough it is to launch a coordinated world-wide attack on global warming. The carbon-credit industry's growing pains come just as Congress is considering similar pollution-cutting rules targeting U.S. industries.
EcoSecurities is one of the main players in an international market created as part of the Kyoto Protocol to combat global warming. A key premise of the system is that, because greenhouse gases damage the atmosphere no matter where they originate, society should attack them first where the cleanup is cheapest - in the developing world. But policing that has proved to be tricky because it involves valuing a commodity - climate-warming emissions of gas - that is far less tangible than oil or gold.
The "credits" sold by Eco-Securities and its rivals are supposed to fund clean-air projects in the developing world that otherwise wouldn't get built.
The tougher U.N. scrutiny is necessary to "ensure the environmental integrity of the system, because otherwise it's not achieving its purpose," said Kai-Uwe Barani Schmidt, the top administrator for the U.N. board that referees this trade.
The business is now in turmoil. Late last year, EcoSecurities said it would fail to deliver one-quarter of the credits it promised. Its stock has fallen nearly 70 percent since that write-down - and 80 percent since its peak last summer. The firm's two co-founders, Stuart and Moura Costa, have lost about $147 million on paper due to the stock's overall decline.
Stuart acknowledged his firm, in its race to dominate the field, sometimes pushed the envelope.
"The first couple of years, this business was a land grab," he said.
EcoSecurities notes the vast majority of its projects ultimately get approved. And it argues the U.N. crackdown hurts the environment more than it helps, since it delays clean-air projects and cuts off a funding source. It says regulators have failed to set clear rules - and now they're changing their standards midstream.
One thorny issue: Who should vouch for the quality of clean-air projects? EcoSecurities said the U.N. scrutiny adds bureaucracy because it duplicates work already done by independent auditors who are hired to vet all projects.
The trade in developing-world credits results from a provision of the Kyoto Protocol called the Clean Development Mechanism. A 10-member U.N. board vets proposed projects to ensure their environmental legitimacy. The independent auditors accredited by the U.N. act as the board's field inspectors, traveling the globe to certify whether a project is up to snuff.
Each credit is essentially a permission slip to emit one ton of carbon dioxide into the atmosphere. Currently these credits sell for $16 to $24 apiece.
EcoSecurities went public in late 2005 and was an immediate market darling. Moura Costa said by early 2006 he was telling the firm's lawyers to ink contracts for new projects at the rate of one per working day.
EcoSecurities' rise coincided with a permissive U.N. board. In 2004 and 2005, the board automatically approved 95 percent of the projects proposed to it, according to U.N. statistics.
Schmidt of the U.N. said the board was thinly staffed at the time. By its current standards, he said, some proposals "probably went through without" proper scrutiny.
U.N. officials acknowledge calculating whether a project can be economically viable without carbon-credit revenue is subjective. For instance, the calculus can swing widely based on whether oil prices surge or fall. Similarly, it involves guesstimates of how long a project - whether a hydroelectric generator or methane-recapture effort - will remain operable.
EcoSecurities has more than 100 projects approved by the U.N., and only a handful rejected. But many of its proposed projects now are being held up by the U.N. for review. That's bad news for Eco-Securities because it delays its ability to start selling credits. The company originally operated on the assumption that U.N. approvals would take two months on average. But now they're taking an average of nine months.
In October, EcoSecurities executives gathered in the board room to confront a striking reality: In the space of months, the entire landscape of their industry had changed. Poring over their biggest projects, they debated how much of their business would need to be simply written off.
Ultimately, on Nov. 6, the company announced its write-off of 23 percent of the credits it had promised to deliver. Its stock fell 47 percent that day.
Since then, the stock has fallen further.
"We don't believe the market is valuing the stock fairly," said Paul Ezekiel an EcoSecurities' board member.
Given the lack of clarity in the U.N.'s rules, it's not fair to fault EcoSecurities for trying to maximize the number of credits it produces, he said.
"It's like saying the speed limit's going to be between 50 and 90," he said. "So do you drive 55 or do you drive 85?"

[m.t.glass] 23/2/2008 09:53

This blog item (taken from The Economist) nicely updates the situation regarding carbon trading in Europe, and appears to presume that Barrack Obama victory in USA elections would bring something similar into play over there -- perhaps.



(I came across it this morning while searching for updates on TNT's 'Planet Me' scheme)

[ash2001] 07/11/2007 10:22

Big buys kicking in now.Nice to see.Wish I had funds to top up, oh well. Good luck to all!!

[northernrocks] 07/11/2007 09:48

well got the 10-15% return today.