Igas Energy Share Discussion Threads

[thewealthofsocrates] 06/8/2019 00:41

TA doesn't look pretty... tinyurl/igas-stock-sell

[svenice7] 31/7/2019 07:34

IGAS Trading update - waiting for new cabinet to make a decision on shale.....https://www.investegate.co.uk/igas-energy-plc/igas/trading-update/201907310700032524H/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Igas%20Energy%20PLC%20Alert

[fardels bear] 30/7/2019 12:48

But so what?

[thewealthofsocrates] 30/7/2019 12:46

"Oil prices have settled into a temporary rut, with WTI stuck in the mid-$50s and Brent in the mid- to low-$60s. Threats of supply disruptions in the Middle East have failed to buoy prices, while ongoing production and export declines in Iran and Venezuela are also failing to push up crude.
“I think geopolitics is a key driver but I think what’s in the driver’s seat right now is the concerns around global demand,” Virendra Chauhan, an oil analyst at Energy Aspects, said on CNBC. “OPEC’s supplies are down by 2 million barrels per day. That’s the steepest level in a decade. And yet, oil has gone nowhere in the past month.”

U.S. supply growth has grown significantly over the past two years, offsetting much of the cuts from OPEC. This has become a perennial problem for OPEC+. However, the sudden slowdown in demand is adding to their predicament.
As a result, at this juncture traders are much more focused on demand concerns and a souring economy. “Demand has undoubtedly slowed down and a lot of that has to do with the China-U.S. trade war,” Chauhan said. He added that the top concern for investors right now is how the trade war might start to disrupt global supply chains.

The investment bank says that these concerns about the health of the economy explain the recent positioning by oil speculators, who “noticeably reduced their net long positions in Brent and WTI in the latest reporting week.”
If the economy fails to slow even further, this could be the bottom, Commerzbank said. “We see the current price weakness as exaggerated and envisage only limited further downside potential. After all, the oil market is if anything under- rather than oversupplied at present.”
Perhaps the market is under-supplied. But the concerns, confusion, and mixed signals about the global economy may head off any price gains in the short run."

- By Nick Cunningham of Oilprice bot dom

[thewealthofsocrates] 30/7/2019 11:48

Yeah, well the Fed has been trying to hike up rates also - Trump has been pushing back, but he can only keep it up until 2020.

They are going to spook US investors into a bond sell-off by suddenly driving the rates down before long term bond maturity, this poison will knock down the other bonds, raising yields on the 10-year treasuries, and then the banksters will buy them all up, driving the rates back up, long term.

"Why US bond yields could be going the way of Germany and Japan
Without a dose of ‘shock and awe’ from the Fed, long-term rates could drop below zero

…

The central banks must take the lead, and they must start this month.
They must bring front-end real yields so low and so fast, that the yield curve steepens.
That will cause investors to question the wisdom of holding longer maturity bonds in the face of central banks committed, on a co-ordinated basis, to reflation. Anything short of that risks the 10-year US Treasury remaining on the well-worn path, forged by Japan and Germany, toward zero."

- Bob Michele is global head of fixed-income at JPMorgan Asset.


[ Financial Times, author Bob Michele, July 26, 2019]

[fardels bear] 30/7/2019 11:05

Yada yada yada. Oil is priced and sold in Dollars.

[thewealthofsocrates] 30/7/2019 10:15

Weak GBP vs EUR is going to be bad for stocks like these when it swings back around and the banks raise interest rates, a least for the short term. With the Brexit fiasco and Bojo the Clown as PM, you should be weary before you commit. Ursula von der Leyen will need to pay off both the military ("EU Army") and EU citizens to stop them rioting, so no wonder she wants a "climate fund". The ECB will give her the dough as usually, except with all the extra illegal mouths to feed at higher food prices because crops are being destroyed by the mysterious "solar minimum conspiracy theory", the necessity of paying off foreign rioters who seek to burn cities down and "smash the system", and the prospect of having to deal with heavy blowback from USaudi Arabia's wars with Iran & Yemen ; the price that the ECB will set for that debt will be VERY substantial, and so: Rates WILL Rise.

[svenice7] 29/7/2019 09:33

Sharepad has this valued at 140p. And that's without all the shale / fracking potential.

[svenice7] 25/7/2019 16:52

Villiers - pro fracking.https://www.thesun.co.uk/news/9582516/who-is-theresa-villiers/

[bad gateway] 25/7/2019 14:58

New environment secretary backed fracking
Theresa Villiers backed fracking, but calls for action on climate change and spoke out against Heathrow expansion.

Theresa Villiers - who supports a no deal Brexit and has voted against a ban on fracking exploration - has been appointed secretary of state for the Environment, Food and Rural Affairs by Boris Johnson during his first day as prime minister.

The Conservative MP takes over from Michael Gove who had spent 18 months at DEFRA and surprised some environmental campaigners by supporting more progressive policies, from banning plastic straws to meeting campaigners calling for a ban on trophy hunting.

The Chipping Barnet MP is, it seems, being rewarded for supporting Johnson's argument in favour of a 'no deal' Brexit. However, crashing out of the European Union could mean the UK losing much of its environmental protections and regulation.

Shale

The UK would also be vulnerable to trade deals - including with the US - that would result in the import of food produced to lower standards such as hormone treated meat and chlorinated chicken, campaigners have argued.

The new environment secretary does not have a particularly high profile - beyond confessing on Question Time that she had tried to smoke cannabis at university on more than one occasion. She has previously served as Secretary of State for Northern Ireland and a minister in the Department for Transport.

In her time as an MP she has voted against a ban on shale gas exportation and has appeared to downplay the concerns about fracking in a statement on her website, which stated: "We need to strike the right balance between the legitimate concerns of landowners, and the benefits to society as a whole of permitting development."

According to They Work for You: "Theresa Villiers voted not to ban the exploitation of unconventional petroleum for at least 18 months and not to require a review of the impact of such exploitation on climate change, the environment, the economy, and health and safety be carried out and published."

Action.................


Sounds like IGAS may have had a bit of a result with her and Boris running the show?
See how it pans out for them.

[fardels bear] 25/7/2019 14:51

Not on that volume.

[svenice7] 25/7/2019 14:21

Close to breaking out of 60p.

[cascudi] 12/7/2019 09:11

Good momentum last few days

[gold map] 12/7/2019 08:15

IMO MM's Short

[svenice7] 11/7/2019 07:35

No, for sure Boris will use words like eviscerate that we will need to get google out for.

[bad gateway] 08/7/2019 08:31

From Predator Energy's RNS today.Will the UK gov just cut and paste this for IGAS approval?

Predator's management, who have 20 years' experience exploring for, appraising and producing gas offshore Ireland, has been advocating the case for indigenous gas development since 2016 focussing on four critical issues:

· Security of Energy Supply in an increasingly volatile Brexit landscape

Transition to a lower-carbon economy by pragmatic means using indigenous gas, which has a lower carbon footprint, to replace imported coal

· Maintaining the potential for tax revenues from gas developments to support the investment needed in expanding renewable energy

· Ensuring energy remains affordable and accessible to all

Predator remains fully committed to Ireland and is encouraged by the pragmatic approach now being adopted.

[svenice7] 05/7/2019 08:36

Boris Johnson "If reserves of shale can be exploited we should leave no stone unturned, or unfracked, in the cause of keeping the lights on".

[p1nkfish] 28/6/2019 19:35

Spot on & makes you wonder if there's some plan only the initiated find out about.

"It is strange the few blockers prefer wars in Syria than helping their own people!"

[svenice7] 27/6/2019 11:52

We know there are billions $ dollars down there, which are good for us shareholders, the local and national economy and the people of the UK.It is strange the few blockers prefer wars in Syria than helping their own people!

[p1nkfish] 27/6/2019 07:57

Impressive reading. Could certainly help balance of payments if not shareholders.

[davidlloyd] 27/6/2019 07:53

Indeed.
DL