Glencore Share Discussion Threads

[uncertain times] 05/10/2021 18:46

Shorts running for the hills and this is motoring now, as I expected.

[gxgxx] 05/10/2021 16:09

£4.08....The first target now looks to be coming up fast.......£4.08

[grupo guitarlumber] 05/10/2021 11:19

gxgxx
5 Oct '21 - 11:09 - 3298 of 3298
0 0 0
raises coal production target for 2021.......

[gxgxx] 05/10/2021 11:09

hxxps://www.glencore.com/media-and-insights/news/glencore-agrees-to-acquire-jv-partners-shares-in-the-cerrejon-mine-and-strengthens-climate-commitments...........Colombia raises coal production target for 2021.......hxxps://www.argusmedia.com/en/news/2260340-colombia-raises-coal-production-target-for-2021

[gxgxx] 05/10/2021 11:05

More coal please...........Third new coal project approved in Australia.....good news for Glencore......

[dexter1612] 04/10/2021 15:35

Can definitely see 400

[gxgxx] 04/10/2021 13:49

Two Targets............

£4.08...........

£5.25..........

When these are achieved we will be in the money!

[waldron] 04/10/2021 09:32

Fuel crisis: City traders circle BP and Shell as they take positions for more price hikes

10/04/2021 | 08:31am BST


Investors are not banking on a swift resolution to the UK fuel crisis against a backdrop of continuing queues on forecourts and the Army being put on standby to help with deliveries, according to data shared with City A.M. this morning.

Analysis of investor movements with regards to BP, Royal Shell and Glencore shows that investors are increasingly bullish on these stocks as they expect prices will rise further, following their recent strong performance that was partly driven by the UK fuel crisis.

Soaring natural gas prices and concerns over possible winter shortages have motivated a number of investors to position accordingly, trading house GraniteShares shared with City A.M..

Figures for the past week show Royal Dutch Shell has seen the volume of funds traded rise by 19 per cent, while the volume traded in Glencore is up 45 per cent.

“The oil giants and Glencore have benefited recently from optimism about rising commodities prices and the UK fuel crisis,” said William Rhind, founder and CEO at GraniteShares.

“It would appear that investors don’t see an end to that any time soon and are positioning themselves for higher prices,” he said.

The post Fuel crisis: City traders circle BP and Shell as they take positions for more price hikes appeared first on CityAM.

[uncertain times] 03/10/2021 22:18

Upwards and onwards.

[gxgxx] 03/10/2021 10:29

The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring.

Economic recovery from the pandemic has boosted demand for gas and coal but their supplies have not been able to keep up. With the northern hemisphere winter on the horizon and China -- the world’s biggest electricity user -- ordering state-owned energy firms to secure supplies at all costs, investors are in a race to pick the winners and losers.

A key measure of international energy producers, led by names including Cabot Oil & Gas Corp. and ConocoPhillips, has rallied almost 10% over the past month. Utilities stocks have gone into reverse, wiping out this year’s gains, with materials companies joining them among the biggest laggards on the MSCI World Index.

“The energy crisis can exist for the next several years. I think a super cycle in energy has started and will continue for several years," said Sumeet Rohra, a fund manager at Smartsun Capital Pte. in Singapore. “Energy stocks are very well poised to generate big returns."

China’s factory sector contracted in September for the first time since the pandemic began, thanks to power cuts that have affected regions making up more than two-thirds of the nation’s gross domestic product. The energy crunch has also reportedly halted production at suppliers of global tech giants such as Apple Inc. and Tesla Inc.

Meanwhile, European inventories of natural gas are running low as economies come out of the pandemic lockdown and the White House has expressed concern about the jump in oil prices.

Here is a guide to how the crisis is playing out in equities market:

Energy Producers

Companies that produce gas, oil and coal are set to continue benefiting as winter approaches and demand rises.

Royal Dutch Shell Plc, TotalEnergies SE, Eni SpA, and BP Plc are among big European names that may rally further. In Asia, traders have their eyes on companies including Woodside Petroleum Ltd., Petronas Gas Bhd., Inpex Corp., Oil and Natural Gas Corp. and Reliance Industries Ltd.

“It is not just about a short term supply-demand imbalance," said Gary Dugan, chief executive officer of the Global CIO Office. “The energy crunch is very concerning as it leads to the worst case scenario for markets -- that of stagflation," he said, referring to a situation in which economic growth stalls while inflation and unemployment rise.

If the current tightness in the gas market endures into next year, then Total could see 2022 earnings boosted by 18% and Eni by 12%, Goldman Sachs Group Inc. analysts including Lilia Peytavin wrote in a note last week.

Bloomberg Intelligence analyst Talon Custer said U.S. exporters of liquefied natural gas, such as Cheniere Energy Inc. and Sempra Energy, appear well positioned in an LNG market that should stay extremely tight through the winter.

Exxon Mobil Corp. said on Sept. 30 that elevated gas prices will boost its third quarter profit by about $700 million.

A three-year-high in oil prices also helps Exxon, and should keep others such as Schlumberger Ltd., ConocoPhillips and Halliburton Co. on the radar of traders.

In contrast, gas distributors such as China Gas Holdings Ltd., Hong Kong and China Gas Co., Kunlun Energy Co, and Indraprastha Gas Ltd. may face margin pressure if they are not allowed to pass on rising input costs.

Amid surging prices of coal, key stocks to watch are Arch Resources Inc. and Peabody Energy Corp. in the U.S., Glencore Plc. in Europe, and China Shenhua Energy Co., China Coal Energy Co., Adaro Energy Tbk, Whitehaven Coal Ltd. as well as Coal India Ltd. in Asia.

Materials & Metals

While rising power prices hurt all users, it is particularly acute for energy-intensive materials and metal companies.

In Asia, these stocks include Aluminum Corporation of China Ltd., Baoshan Iron & Steel Co., Angang Steel Co., China National Chemical Engineering Co. and Zhejiang Longsheng Group Co.

European construction material maker Sika AG also fits the mold, as does steelmaker ArcelorMittal and cement producer Holcim Ltd. In the U.S., steel producer Nucor Corp. and paint maker Sherwin-Williams Co. may be focus.

Bank of America Corp. analysts see input-cost headwinds for Indian cement makers such as UltraTech Cement, Shree Cement Ltd. and companies in the paint sector.

Power Utilities

Many government-backed electricity providers are likely to face margin pressure while those that are less regulated or independent have a better chance profiting from higher electricity prices.

Barclays Plc.’s analysts including Peter Crampton expect further strength in power prices to create winners in less heavily regulated northern Europe. They identified Electricite de France, Engie SA, Fortum Oyj and RWE AG. The analysts expect significant earnings-per-share upgrades, particularly for EDF, and raised their 2021 and 2022 estimates by 82% and 61%, respectively.

The most visible signs of stock market distress so far have been in southern Europe’s heavily regulated utilities. Iberdrola SA and Endesa SA shares are both trading at their lowest levels in more than last year.

In Asia, potential losers include Korea Electric Power Co., Tokyo Electric Power Co. and India’s NTPC Ltd. In the U.S., companies such as Southern Co., American Electric Power Co. and Duke Energy Corp. could face pressure.

Green Stocks

Higher energy prices and efforts to cut carbon emissions are also flowing through into the share prices of renewable power and nuclear stocks.

Bloomberg Intelligence’s Laurent Douillet sees large nuclear and hydro electricity companies as potential winners over those that rely on gas and coal.

READ: China’s Energy Crunch Sends Coal Shares Up, Renewable Firms Down

Key stocks to monitor are Europe’s Scatec ASA, Azelio AB and Orsted A/S, North America’s First Solar Inc. and SolarEdge Technologies Inc., and Asia’s LONGi Green Energy Co., Trina Solar Co., Sungrow Power Supply Co. and Adani Green Energy Ltd.

“There hasn’t been a confluence of so many factors happening at the same time in energy and commodity markets since at least the 1980s," said Robert Ryan, chief commodity and energy strategist at BCA Research.

[waldron] 02/10/2021 20:31

Europe Turns To Russia For More Coal As Energy Prices Skyrocket
By Haley Zaremba - Oct 02, 2021, 2:00 PM CDT

Europe is facing a perfect storm of increasing demand for energy in the wake of the COVID-19 pandemic, and a dwindling supply of natural gas used to produce electricity.
As Europe’s struggling energy markets look to import any form of affordable energy they can, power producers have resorted to asking for Russian coal as well.
Europe is competing with Asia for limited energy resources as both continents surge back to life as pandemic restrictions ease.

Join Our Community

Energy prices are through the roof across Europe as demand surges and supplies tighten in the wake of the novel coronavirus pandemic. Over the course of the global economic shutdown, energy production has decreased considerably as industries shut down, people stayed inside, and demand for electricity and fuel plummeted. Now, as the world returns to work and gets back to the ‘new normal’, energy demand is back with a vengeance, but the energy supply simply isn’t there.

Europe’s leading natural gas benchmark, the Dutch Title Transfer Facility, reports that prices have skyrocketed from €16 per megawatt-hour at the beginning of this year to €75 by mid-September, representing an increase of more than 360%. Italian officials have warned their citizens to expect a 40% increase in their bills in the coming weeks and months. Spain has agreed to send €100 payments to over 5.8 million low-income households and sent a letter to Brussels pleading with the European Union (EU) to take sweeping action.

And then there’s Russia. Nearly half of all-natural gas imports in the EU come from the great white north, making Europe highly dependent on the Kremlin for its energy security. This dependence is a big part of the reason that Europe is now entering into an energy crisis, because as demand for natural gas has surged, Russia has not increased its exports to the EU. For one thing, Europe is competing with Asia for limited energy resources as both continents surge back to life as pandemic restrictions ease. So far, markets seem to be favoring Asia, for economic as well as strategic reasons.

There is rife speculation that this is a strategic decision on the part of the Putin administration in order to push through the opening of the controversial Nord Stream 2 pipeline. The 1,230-kilometre pipeline, which runs under the Baltic Sea to connect Russia and Germany, is complete but has yet to come online. The project has drawn much criticism for “perpetuating the bloc's dependence on fossil fuels and extending President Putin's geopolitical influence” according to Euronews. And now Europe’s dependence on Russia is being put into stark relief by the current energy crunch and appeasing the Kremlin while also opening a new entry point for much-needed natural gas may make the Nord Stream 2 seem a little more appealing.

Russia is not just playing hard-to-get with natural gas. As Europe’s struggling energy markets look to import any form of affordable energy they can, power producers have resorted to asking for Russian coal as well, with little success. The EU has been working on weaning itself off of coal entirely for years now, and when demand for the dirtiest fossil fuel suddenly spikes this winter, the previously shunned fuel source will likely be in extremely short supply, as supply routes out of Russia, the world’s third-largest coal exporter, have been almost entirely redirected to Asia.

“If all the European utilities switch to coal, it will result in a huge spike in coal demand that Russia alone cannot provide for on such a short notice,” Natasha Tyrina, research analyst at Wood Mackenzie Ltd. told Bloomberg this week. “That would need supply from other countries as well, from the U.S. for example, but the situation there is similar to everywhere else.”

As we head into the cold winter months, Europe’s energy crisis is set to worsen, and their dependence on Russia to keep the lights on will only intensify. Asia, too, will be facing an energy crunch this winter, leading the entire world to resort to burning more and more coal at a time that most countries have pledged to do exactly the opposite. At a moment that countries are just beginning a green energy transition in earnest, and the United Nations is sounding a “code red for humanity” concerning climate change, this return to coal is an extremely worrying development that will hopefully be short-lived as even coal proves to be insufficient to ease supply crunches in the coming months.

By Haley Zaremba for Oilprice.com

[action] 02/10/2021 20:18

Biggest coal produces by sale is BHP RIO.

[gxgxx] 02/10/2021 10:30

adrian J............Glencore tipped for US$15bn dividend windfall from coal price surge.............“We forecast a total return over 2022-23 of US$15bn or 25% of the current market cap.”......... Putin pulling in the reins on the commodities does nothing but good for Glencore.

[adrian j boris] 02/10/2021 08:24

gxgxx
1 Oct '21 - 07:05 - 3283 of 3284
0 2 0
Glencore Share Price Forecast: More Upside Ahead in October




Cobalt & Batteries too will help.

[adrian j boris] 02/10/2021 08:11

German Coal Plant Runs Completely Out Of Coal
By Tsvetana Paraskova - Oct 01, 2021, 10:30 AM CDT

German utility Steag halted its coal-fired power plant Bergkamen-A after it ran out of hard coal supplies amid an energy crunch globally and logistics challenges domestically, the company told Bloomberg on Friday.

“We are short of hard coal,” Steag spokesman Daniel Muhlenfeld told Bloomberg via email.

“There is a strong demand for coal per se and secondly, there is a strong demand for transport by barge. And since Bergkamen has no rail connection, there are no logistical alternatives available here,” Muhlenfeld said.

Lignite and hard coal accounted for around 26 percent of Germany’s power generation in the first half of 2021, according to data from the German Association of Energy and Water Industries, BDEW.

In recent weeks, utilities across Europe have fired up more coal-powered generation as natural gas prices continue to surge.

Even the UK, which has pledged to phase out coal-fired power generation by October 2024, had to fire up earlier this month an old coal plant that was on standby in order to meet its electricity demand. The share of coal in Britain’s electricity mix during some periods in September—albeit below 3 percent—was more than double compared to the below-1-percent share in September 2020.

Gas and power prices in Europe are at all-time highs, as Europe is low not only on natural gas supply as the heating season begins on October 1. Coal is also in short supply as some utilities are forced to switch to coal from gas due to the surging gas prices. Coal prices are also surging amid a tight global market supply with Chinese demand booming and with high EU carbon prices.

Officials at Russian companies tell Bloomberg that European utilities are asking for coal. But Europe may not get much incremental coal supply anytime soon, as Russian coal exports are constrained just as gas deliveries are.

By Tsvetana Paraskova for Oilprice.com

[gxgxx] 01/10/2021 07:05

Glencore Share Price Forecast: More Upside Ahead in October


hxxps://www.investingcube.com/glencore-share-price-forecast-more-upside-ahead-in-october-shares/

Cobalt & Batteries too will help.

[waldron] 28/9/2021 14:36

Confirmation of break required over coming days

interesting to await month end close

[montynj] 28/9/2021 14:33

Just broken out on chart so bullish

[waldron] 28/9/2021 14:27

LOOKING TOPPY AT PRESENT

[gxgxx] 28/9/2021 14:18

The ceiling has been broken!!! £3.44 and rising...
Very interesting considering what the other stocks are doing.
Some must think they had better get in before they miss the boat.
MM's up to their devious tricks as per?

[mo123] 28/9/2021 13:58

Cable taking one hell of a hit today certainly helps.