Igas Energy Share Discussion Threads

[kirk 6] 19/10/2022 08:51

Wow this gets hammered every day

[powereddrones] 18/10/2022 19:25

Neil McCoy-Ward - latest on the energy crisis. He stocked up on candles.

[powereddrones] 18/10/2022 19:20

Pick any stock on the UK market at random. The charts spell doom, as if it is the end of the world. I can assure people it is not - as sure as night follows day, and night follows day. We'll look back in 6 months and this may very well be a buying opportunity.

Are there any bulls out there? Will the last bull out, turn out the light?

[jason_scrap] 18/10/2022 18:42

Been researching this today, annual profits pretty much equal to mcap at this point, excluding much the rally in gas prices throughout the summer. Stupidly undervalued now lol

[powereddrones] 18/10/2022 17:10

hxxps://www.argusmedia.com/en/news/2381339-europe-is-running-low-on-diesel-when-it-needs-it-most

Europe is running low on diesel when it needs it most

Europe's tanks are running low on diesel, making the market vulnerable to wild price volatility, with sanctions against Russia threatening to deliver the biggest supply shock in living memory in less than four months.

Independent gasoil inventories in the Amsterdam-Rotterdam-Antwerp (ARA) region fell by 10pc in one week in early October. That undid a brief recovery in the region's stocks, compounding a 43pc decline in total Dutch diesel inventories in the year to July 2022. They were 33pc lower in July than in the same month of 2019. These statistics show the problem most starkly because ARA has outsized oil storage capacity, but the trend is the same everywhere.

Germany had 10pc less diesel inventories in July than a year earlier and 7pc less than in the same month of 2019. The UK had 12pc less than a year earlier and 30pc less than in 2019. Overall middle distillate inventories in the 16 major European countries surveyed by Euroilstock were 11pc lower in September year on year and 13pc lower than in 2019. That figure includes kerosine, but mostly reflects diesel and gasoil.

These volumes never get near zero, because of day to day operational needs. But the layer of discretionary inventories on top has been disappearing.

[powereddrones] 18/10/2022 17:08

Orders for LNG ships surge as demand rise from energy-starved Europe
in Shipbuilding News 18/10/2022

China’s shipbuilders, accounting for about a 50-percent global market share, are working around the clock to provide much-needed liquefied natural gas (LNG) carriers, driven by booming demand from Europe as it scrambles to increase natural gas storage.

Because of the damaged Nord Stream pipeline and the ongoing Russia-Ukraine conflict, gas supplies in Europe are tight. In response, orders for LNG vessels saw double-digit growth lately, with some major Chinese shipbuilders reporting order backlogs that stretch through 2026, the Global Times learned.

A Shanghai-located shipyard is using 100 percent of its dock capacity and has orders on hand until 2026, even though it’s working on 18 large ships around the clock now, according to media reports.

LNG ships have high requirements for the standard of craftsmanship, advanced production line and complete and stable supply chains, experts said. China, as the world’s manufacturing hub, owns many self-developed shipbuilding technologies.

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Sad that we can't make these ships...

[powereddrones] 18/10/2022 17:02

yorkshireeveningpost.co.uk/read-this/energy-crisis-uk-facing-blackouts-between-4pm-and-7pm-in-january-and-february-says-national-grid-chief-3883619

Energy Crisis: UK facing blackouts between 4pm and 7pm in January and February says National Grid chief

National Grid Chief John Pettigrew has spoken out about the potential blackouts amid the energy crisis.

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Pettigrew confirmed that periods of particular concern are throughout January and February when weather can be at its coldest. He said that the company would have to impose rolling power cuts the “deepest darkest evenings in January and February” if generators failed to secure enough gas to meet demand.

[powereddrones] 18/10/2022 17:00

hxxps://markets.businessinsider.com/news/commodities/us-natural-gas-americans-energy-bills-spike-winter-eia-forecast-2022-10

Americans are in for an expensive winter thanks to rising natural gas bills, the Energy Information Agency warned.

In a Monday report, the agency said US households that mainly use natural gas for heating will spend an average of $931 on heating this winter. That's 28% (or $206) more than last year.

The main driver behind the expected increase is higher retail natural gas prices. The EIA expects prices to rise 22% from a year ago to $15.95 per thousand cubic feet this winter, with the Midwest likely to feel the most pain.

"This winter, we expect colder temperatures and slightly more household consumption to contribute to higher natural gas bills compared with last winter," the agency said.

[powereddrones] 18/10/2022 16:57

MEDWAY -- As demand for electricity in the region peaks, the West Medway Generating Station comes to life. Its five generators primarily run on natural gas. But that’s a fuel which could be in lower supply this winter than last. In fact, some experts are suggesting it’s even possible, with a prolonged cold snap, to see energy blackouts in the Northeast during the next few months.

A spokesperson for Constellation Energy, which operates the West Medway plant, said that winter poses a challenge for gas-run power plants because so much of the fuel is shifted towards directly heating homes and businesses. But he did not foresee blackouts as an issue -- pointing out that West Medway has dual-fuel generators -- meaning they can run, for a limited number of days, on low-sulfur oil if natural gas supplies run low.

The independent agency charged with overseeing energy needs in the area hasn’t released its December forecast yet. But ISO New England told Boston 25 News that the region should have ‘sufficient fuel supplies under mild and moderate winter conditions.” In New England, that means ‘quite cold conditions,’ the ISO said.

But how cold it gets isn’t the only variable that will determine where energy prices go this winter.

ISO said the region depends on Liquified Natural Gas (LNG) in winter -- and that the supply of that fuel could be affected by global events.

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LNG tankers are high value sitting ducks, they move slow and are easily identified, and probably travel unescorted - a target for unknown forces. The blew up Nordstream 1 and 2....

[powereddrones] 18/10/2022 16:46

Households are all grappling with high energy bills - but you'll pay more on average depending on where you live.

Energy bills are in the spotlight this week as Government changes mean these could hit £5,000 a year from next April.

The new Chancellor said yesterday that the Energy Price Guarantee scheme, which freezes energy bills at an average of £2,500 a year, will only run as a universal help for all households until April 2023.

After this point, the Government will make the support targeted - although it has yet to confirm who exactly will get it.

The region facing the biggest increase in annual electricity bills is London, according to research from boiler firm Boxt.

The firm said Londoners are paying 22.92% more for electricity, followed by the South East (15.59%), South West (14.57%), South Wales (12.16%) and North Scotland (11.5%).


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hxxps://tradingeconomics.com/commodity/uk-natural-gas

I can't help thinking that these energy suppliers bought at the top and now they are knocking down the gas price, so when they come to renew, the cycle starts again. Anyone with inside info on when most of these paper shufflers renew the energy contracts? Someone is making a fortune! The public are the patsy at the table!

The gas price is 189 (see the tradingeconomics link) - it is now getting to the lower part of the trading range.

[powereddrones] 18/10/2022 16:25

I've been in the stock market for 20 years. I've seen things come and go. Mining shares, Debt IVA companies, the housing boom of 2007, the gold bull market, the internet clothing retailers (ASOS, BOOHoo), Chinese AIM stocks, our own US FAANG type companies (Fevertree, Games Workshop etc), Crypto (ARB) the COVID Bull market (NCYT etc).

In the bottom of my guts - I feel this is the place to be. I'm getting older now - I want this to be the big bull market that will round off everything so I can sail off into the sunset....

Next year Rodders!

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Additional - I watch the NASDAQ, as the barometer. I do feel it won't drop beneath 10,000pts. So we're near the bottom now. It may bounce around here for a while. Will Trump get in, in 2024? Like him or not, he is good for the market. Probably too good, so they kicked him out so the market can rest a bit. They say the candle that burns twice as bright only lasts half as long... don't burn too brightly Donald Trump.

[powereddrones] 18/10/2022 16:20

I come up with this to the poem...

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Come friendly energy bills, and fall on us now,

This Zero Carbon economy isn't fit for humans or cows,

I'm with the WEF all the way baby,

We'll own nothing, but at least we'll be cold and happy.

[powereddrones] 18/10/2022 16:15

Europe at risk of ‘much worse’ energy crisis next year, warns Qatar
Supply problem could last until 2025 if Ukraine war continues and Russian gas does not return, says energy minister.

Qatar’s energy minister has warned that while Europe should have sufficient gas for power and heating this winter, the tougher challenge will come in 2023 as reserves are depleted.

[powereddrones] 18/10/2022 16:13

Warning energy bills may rise above £4,000 in April

Typical household energy bills could reach £4,347 a year from April after the government said it would scale back support, an analyst has estimated.

Cornwall Insight's forecast comes after the chancellor said the energy bill help, which had been due to last for two years, would be cut in April.

The government said the most vulnerable would continue to be protected from soaring energy prices.

The forecasts could change depending on movements in wholesale energy prices.

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I was speaking to some one in Sweden yesterday. One month they were paying £50 a month for energy, then suddenly they got a bill of £750. The bull is not dead! We should be buying energy shares with both hands.

It's time to be greedy when others are fearful!

[one_frankel] 18/10/2022 15:42

Cheap energy that is an environmental catastrophe in waiting Svenice7 so I'm not sure how you would assume that as protecting the elite!

[kirk 6] 18/10/2022 15:22

7 days down in a row

[svenice7] 18/10/2022 09:09

No wonder you want to destroy the chance of cheap energy for the uk. You are a Russian bot protecting the elite...

[kirk 6] 18/10/2022 07:48

Hard bounce here today

[one_frankel] 17/10/2022 18:05

UK is a longstanding dying economy with very little 'Value' left here for an investor KMon so stick to the US and South East Asia, especially China and India.

[one_frankel] 17/10/2022 18:01

I'm not protecting Putin Svenice7 but he has a right unlike the US/UK or any one of their allied gimps, in protecting the aged-old sovereignty of the old USSR and the Black Sea is of huge strategic importance of opening up security issues to Russia!

...The US has long been instigating for Ukraine's involvement in NATO with that Neo-Conservative Victoria Nuland (same may say a N4zi) so get with the fu_ckin program buddy instead of looking at everything with just the unfortunate rhetoric of the West!

[k mon] 17/10/2022 17:28

Given the current backdrop & Malise..
Can anyone, come up with a viable reason,
to invest in any .. UK Company ..?