Empyrean Energy Share Discussion Threads

[blueblood] 08/1/2021 10:26

Waiting for you to buy your 3m back Bengal

[bengal1] 08/1/2021 10:12

Nothing on my screen

[rittster] 08/1/2021 10:11

It will all be down to the first trade Judi, 500K buy and we'll stay green, 5k sell and probably drop 10% ;-)

[petercrosby] 08/1/2021 10:00

JJ Do I detect a hint of sarcasm or something I'm not seeing?

[judijudi] 08/1/2021 09:43

Wow massive buying volume early doors today Hardly surprising though considering the quality of our assets and strength of our management Considering how large the buys are and how regular they are coming through I can’t understand why the price hasn’t moved 🤷‍a94;️😀

[lazarus2010] 07/1/2021 21:13

can take a profit on the trade. Mount Teide7 Jan '21 - 19:44 - 15339 of 15343 0 2 0 Spot LNG pricing in SE Asia hit an all-time record today reaching a stratospheric $24 MMBtu (MMcf) (Equivalent to $151/bbl Brent), jumping over 10 fold since hitting a record low during the Covid peak in April. Japan's Jera bought a cargo on 6 January for delivery either in the second-half January or first-half February at $24 MMBtu, Further gains are expected in the near term. Some traders suggest that first-half February pricing could easily test the $30 MMBtu level, especially as Japan's power prices have soared on stronger-than-expected electricity demand for heating purposes because of colder-than-expected weather. Wholesale electricity prices in Japan hit an all-time high of ¥99.9/kWh on 7 January, more than seven times the average price of ¥13.93/kWh in December. A 'perfect storm' of strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability has combined to send northeast Asian spot LNG prices to record levels, just nine months after hitting record lows. This should raise an eyebrow at the Energy Ministry in T&T, currently negotiating with Touchstone for the supply of Nat Gas from Jadestone's Ortoire nat gas assets under a long term deal. $2.50 MMcf is an absolute steal by comparison! LNG prices hit record as cargo shortage amplifies cold weather effect - FT 'Liquefied natural gas prices have jumped to their highest level on record as a severe cold snap in Asia boosts demand at a time when cargoes of the super-chilled fuel are hard to come by. Spot prices in Asia reached a record level of $20.705 MMBtu (Since beaten by other cargoes up to $24 MMBtu) on Thursday, according to an assessment of daily trading by S&P Global Platts, as traders and buyers in South Korea, Japan and China scrambled to secure supplies. That is more than a fourfold increase on where prices were trading in September. The market is generally stronger in winter as demand rises, but the size of the leap has still caught out some market participants. “What has triggered the rally is colder than normal weather in Asia and Europe and a complete lack of availability of LNG tankers while supply outages have really tightened up the market,” said Samer Mosis at S&P Global Platts. An unusually large number of cargoes have been heading to Asia from the US, tightening the availability of LNG tankers. Delays at the Panama Canal have also added at least two weeks to the round trip from the US Gulf Coast, while supplies from Qatar and Malaysia have been lower. Electricity and heating demand in Japan, one of the world’s largest importers of LNG, is even higher than during a normal cold spell because of a campaign to open windows to help combat spreading coronavirus indoors. “These spot prices may not last beyond March,” Mr Mosis added. “But it’s been a reminder that securing an additional spot cargo in the dead of winter can quickly become very expensive and is not always straightforward, especially if freight is not available.” LNG is one of the world’s fastest growing fuel sources as large Asian economies see it as a route to cutting their reliance on more highly polluting coal at a time when climate change has risen up the political agenda. South Korea’s state-run utility Kogas said that while it buys 70 per cent of its LNG supply through long-term contracts it needs to access the remainder in the spot market regardless of price. “We still have enough inventories. But demand for LNG is bound to increase further, given the government policy to reduce coal power,” Kogas said. “If we face supply shortages due to the cold winter, we will have to buy more on the spot market to match demand, even if prices are high.” The rally in prices has provided some short-term relief for US LNG suppliers. But the market is still forecast to be in surplus around the middle of this decade as LNG projects commissioned before the pandemic come on stream. Traders said growing demand and the recovery from the coronavirus pandemic meant prices are expected to average higher in the next two to four years until those projects start up. For the UK high prices will add to pressures in the country’s energy system, which relied on LNG imports to meet more than a quarter of gas supplies last winter, at a time when excess supplies were being dumped into Europe where there is plentiful import and storage capacity.'

[blueblood] 07/1/2021 15:07

Washing and ironing?

[lazarus2010] 07/1/2021 14:22

In her day I could think of a few other things she could help me with! ;-0

[bluehooperman] 07/1/2021 14:13

Dianna Ross may be able to help you with that Laz :-/

[lazarus2010] 07/1/2021 14:02

Bengal...clearly Coro undervalued. Also Duyung cash is the catalyst to cause the chain reaction or should that be China reaction ;-) Duyung Cash + China License = $$$$$$$$$$$$$$$$$$$$$

[bengal1] 07/1/2021 13:52

Yes. pondering re-purchase.

[starzerus] 07/1/2021 12:59

thought you had sold out?

[bengal1] 07/1/2021 12:47

If CORO with 15% Duyung interest is capitalised at £6m, then isn't the value already factored into EME market cap?? Happy to hear replies please.

[currypasty] 07/1/2021 12:43

are you buying back so soon Bengal? you probably get them cheaper now

[bengal1] 07/1/2021 12:35

Tempting - what is the 10% of Duyung worth?

[showmethemoneyhoney01] 07/1/2021 12:32

Or maybe not :-(

[lazarus2010] 07/1/2021 12:27

hopefully they're chasing stock! Duyung deal should be announced...soooon!?!?!?! They're delaying acceptance and telling the buyers up your bids if you want a piece of the action! (IMHO)

[currypasty] 07/1/2021 11:48

Cenkos just upped the bid, and reduced the ask 5.0-5.2 now

[hodge podge] 07/1/2021 11:07

If that were true the share price would not be 4p Ol Sot Discuss

[blueblood] 07/1/2021 10:18

Asian LNG prices bumping record highs. Duyung valuation and hence sale price must have at least doubled since early Summer!

[hodge podge] 07/1/2021 10:09

""Nice to see a fairly chunky buy first thing :-/ "" This blooper did not age well either Wanna know why? Discuss

[bluehooperman] 07/1/2021 09:16

Nice to see a fairly chunky buy first thing :-/

[hodge podge] 07/1/2021 08:12

Did anyone predict the share price movements correctly over 2020? Asking for a friend Discuss

[lazarus2010] 07/1/2021 08:07

24 months ago today we opened at 11p 12 months ago was 8p.Apologies for the error 😭😭😭