Igas Energy Share Discussion Threads

[thewealthofsocrates] 15/6/2020 16:19

hxxps://www.euromoney.com/article/b1m2kc8vpkqw14/china-puts-hong-kong39s-future-on-the-line --HK

[thewealthofsocrates] 15/6/2020 16:17

Chinese banks are down. Are they in trouble?

[fardels bear] 15/6/2020 14:37

That was quick.

[thewealthofsocrates] 15/6/2020 13:46

It's the Chinese undercutting everyone with a bulk buy.

[fardels bear] 15/6/2020 12:45

Why not go and ask them? Will stay here until you get back.

[thewealthofsocrates] 15/6/2020 12:33

Are Saudis intending to short Brent to $30 ???

[thewealthofsocrates] 15/6/2020 11:02

YET AGAIN, BRENT IS CAPPED.
-- SELL OFF SOON?

[thewealthofsocrates] 15/6/2020 11:01

YET AGAIN, BRENT IS CAPPED.
-- SELL OFF SOON?

[thewealthofsocrates] 12/6/2020 22:18

Brent capped at $40 by JP Morgan and GS

hxxp://www.livecharts.co.uk/MarketCharts/brent.php

[thewealthofsocrates] 12/6/2020 22:16

Is this all that has been supporting the UK fracking industry,
yet the share price is bid up?
hxxps://frack-off.org.uk/social-media-post/uk-government-covid-19-bailout-props-up-fracking-industry/

[thewealthofsocrates] 12/6/2020 22:05

This is interesting...

[thewealthofsocrates] 11/6/2020 12:20

Don't buy it. Short it.
hxxps://www.sharecast.com/equity/IGas_Energy-13396/technical-analysis

[fardels bear] 10/6/2020 07:52

I don't hold any, mate.

[thewealthofsocrates] 09/6/2020 21:23

If you want to average down, now's the time.
I think 22p or under is justified because it's closed for business thanks to furloughs that shareholders will not be receiving.
Brent is being capped at around $40 according to JP Morgan, so no potential growth in the near future I'm afraid, unless they rent out storage to oil traders...

[thewealthofsocrates] 08/6/2020 18:59

So, this furloughed company has:
1] Large outstanding debts in the form of corporate bonds. Check.
2] Not traded sustainably at it's breakeven price. Check.
3] Bought back shares at ever dwindling share prices --aka self-short-selling. Check.
4] Tracked oil prices pretty well -- oil has dropped today substantially. Check.
5] GBP rising, earning were in USD: loss on forex. Check.

Regarding [5] -- There will be consequences of GBP rise & the massive addition of furloughs public to debt:

i] To justify strength in these bad times, rates will have rise again in good/moderate times. As soon as there is "growth" and we enter a "re-cov-ery", banks will start to claw back interest from loans paid out to governments, so rates will rise.

ii] Inflation. So much debt has been monetized that the real inflation is perhaps on the order of 10 to 15% on the whole. CPI is inadequate at tracking realworld cash-flows. In fact, the real definition of "inflation" pertains to increase in the money supply, with asset price rises secondary, but which assets have risen and fallen? Ans: Everyday stuff, short term needs (with liquidity) has gone up slowly, but long-term illiquid assets have skyrocketed, especially housing and more recently gold, silver and bitcoin.

iii] To banks, debt is money, an asset ...until it's not.
-- Expect a selloff.

maneco64 presents..
Bonds: Fixed Confiscation Securities.


-- "So, what's the point with this ?" - I hear you say.

Indicators & basic logic says that will be a rate rise in the near future, forcing companies to improve their credit ratings. They will do this at all costs because debt ensures that businesses' can do business.

How to do this? Ans: Cut costs like share capital. They will minimize annual buybacks and no dividend or positive buyback will be issued/carried out, as long as they are paying fixed interest on the corporate bonds they've issued.
hxxp://cbonds.com/emissions/issue/171853
--The status above says "redeemed".
-- 10% PAYMENT, TWICE EACH YEAR, WHICH WAS UNPAYABLE FOR THIS COMPANY IN THESE TIMES, SO THEY SETTLED FOR A DEBT TO EQUITY DEAL.
hxxps://www.investor.gov/introduction-investing/investing-basics/glossary/callable-or-redeemable-bonds

So, why has the share price crashed on a regular basis?
It's not just because of the oil price, it's to do with financing.
The bondholders were given equity, that is a right to buy at fixed prices.
--So, they've been selling off the equity to cover their own debts, because for example: the financing institutions have lent out money that was loaned to them by account holders. They needed to cover their accounts quickly or go bankrupt.

Question: Are any of these former bond holders now holding a substantial amount of equity in Igas?
Answer: Yes.
-- Major shareholders include: KOG Investments S.A.R.L. (14.7%) in Luxembourg, with it's EU finance problems caused by a keynesian virus called ECB-QE-infinity and Kerogen Capital (28%) that is seeking to divest from oil.

hxxps://www.law360.com/articles/1274037/eu-parliament-calls-for-common-bonds-in-2-2t-virus-aid

hxxps://www.politico.com/news/2020/06/05/german-court-ruling-could-tear-eu-apart-warns-senior-judge-304373

hxxp://www.kerogencap.com/kerogen-in-the-news/kerogen-capital-and-ideol-collaborate-to-jointly-assess-offshore-wind-power-to-oil-gas-platform-opportunities/

[thewealthofsocrates] 08/6/2020 15:36

What is the breakeven of Igas?

[thewealthofsocrates] 08/6/2020 15:33

They've put a ceiling on brent at $40 and no more till 2021 - IF I'm reading that article right.

[thewealthofsocrates] 08/6/2020 15:29

%4 down and more will come.
Not a good buy day if your stock-price tends to track oil-prices closely.

[thewealthofsocrates] 08/6/2020 15:26

What did I say about Tullow? Yes, I was right.
At least it's got a dividend history and it's loaded with cash.
No environmental policy problems from loony eco-socialists because historical colonialism is cancelled out by a more independent Africa, so they take it off their target list. I bet the green party has shares in Tullow Oil, unlike Igas - for obvious reasons.

[svenice7] 08/6/2020 12:58

I think IGAS have a branding issue. They should rename the company to "save the trees" or "Greta plc" and put money into buying land and tree planting along side the shale extraction work. This way there is some balance to the company.

[thewealthofsocrates] 05/6/2020 15:03

Igas needs to actually go back to work to get earnings.AGM was a damp squib.
Think this will head south a little more before things get better.
Everyone is interested in Tullow right now & rightly so.