Iog Share Discussion Threads

[tonytyke2] 22/8/2022 11:36

Added further again today, imo this could be ready for a sharp share price rise soon.I'm guessing that the current suggestions/discussions with the government to freezing energy bills for 2 years may gain more traction in the next few weeks. Let's see how this plays out.

[sphere25] 22/8/2022 11:19

550p a therm. I mean how on earth can you be bullish right now. Surely you have to look a fair while out and expect alot worse first. So the energy bill projections are roughly £3.6k in October, £4.8k in January and £6.0k in April. Well, that was the projection.

The moves in natural gas are so eye bending, you don't know what they will end up being. It shows just how badly managed this country is. We should never be at the mercy of market moves like that. I don't get involved with politics but...yuk!

The consumer and small business are in big trouble - we know that. I wonder how these bigger listed businesses will do.

As for IOG, one of the few I have held onto. I can't do this buy and hold. I am pants at it but hanging on here. I tried this buy and hold for the first time with a few shares and then all these bad things happened and I thought "I'm going to get annihilated, get out the way. Take the pain early".

Price is currently 37.25p and sat at a key breakout mark. Someone keeps lobbing into the market with blocks of a million or so. That makes it harder to call. I mean, does that seller need clearing first before it breaks out, even into the 40's?

If we do see bigger blocks getting bought up (like IGAS recently), I suspect IOG will start to make bigger moves. That is all on the basis of no further operational balls ups. No guarantee there, but will be watching this one close.

Is anyone going to come in and start stake building big here?

All imo
DYOR

[robizm] 22/8/2022 10:03

Come on Southwark be on time or even early. Iog to offset my gas bills

[tidy 2] 22/8/2022 09:56

555p therm wow. Iog opex 10-15p therm and production due to double min

[itsriskythat] 22/8/2022 09:37

Gas up another 20% this morning with a rise of 95p to £5.55 for the Sep contract.

[robizm] 20/8/2022 21:04

This is getting crazy. A lot of people will freeze to death this winter. Gas bills 10 x the norm. Pity those in Scotland etc. Even electricity is costing a fortune. Where are all these wind farms that are supposed to generate half our electricity. This company has 4 years of super profits and hopefully will stay independent. Southwark on time and no Russian war resolution and we could earn £500 million next year. Sadly cheap energy has left the building and ain’t coming back,

[ntv] 20/8/2022 08:33

Russians are shutting Nord pipeline for 3 days @the end of August

[thelongandtheshortandthetall] 19/8/2022 23:52

UK gas per therm ended the day at 490p

[hpcg] 19/8/2022 19:28

Farmscan - correct, but buying a company that had greater investment than the super tax owed would mean those allowances would be used rather than lost to the taxman. However that alone would not be worth the purchase premium which would swallow up some of the benefit.

[bountyhunter] 19/8/2022 19:24

I agree J1 that IOG may soon be in play and I have plenty of those. SQZ have a huge cash pile but not KIST who were suggesting taking over SQZ with paper and effectively Serica's own cash. That's why it failed, together with the maximum price they could conjure up being too low.

[fardels bear] 19/8/2022 19:09

I read that, too. Doesn't mean it's right but...

[farmscan] 19/8/2022 19:01

I may be wrong, but I have a feeling that I saw somewhere that the EPL Investment Incentive is only applicable to exploration and not M&A.

[thelongandtheshortandthetall] 19/8/2022 18:10

Good post Jigger_1.

IOG must be looking very attractive right now for cash rich NS producers.

Oh yeah! Bring it on :)

[jigger_1] 19/8/2022 17:39

BH - I agree and think this is yet another big positive for IOG.

You have Serica & Kistos with surplus cash, who are in the business of recent M&A activity. They are looking to put these cash surpluses into investments, so they too can get a 91% 'kick back' from HM gov.

With the SericaKistos merger now redundant, I think one or both will seriously be giving IOG a very careful look over!

Not to mention the big oilers looking for further investments opportunities and getting 91% of tax returned. IOG has yet to rerate in comparison to other similar companies but I think this will change soon.

A very interesting and active North Sea O&G investment period due, over the next few months.

[bountyhunter] 19/8/2022 16:54

Yes I know that should be the case J1 for IOG due to the development offset but it's not the case for all NS gas producers. A 65% base rate of tax on production is still high enough already without any further increases regardless of potential offsets.

[maxidi] 19/8/2022 16:01

Jigger_1

Thanks for that. The whole thing is a puzzle atm....

[jigger_1] 19/8/2022 15:07

HM GOV Energy Profits Levy

Any tax on IOG profits will be negligible.

This is a growth company investing into existing and new gas discoveries. The levy Investment Allowance allows for a 91% tax saving for every £1 they spend on investment.



Interim results are out next week and based on current gas prices @460p a therm (winter futures over 600p a therm), the share price is due a significant rerate.

[bountyhunter] 19/8/2022 14:46

I'm hoping to cover my increased bills several times over with my gas share investments, I just hope Stamer's ideas don't progress any further than neverneverland! British NS gas companies are being taxed more than enough already at 65%!! It's not as if they were bailed out at all when times were really tough a couple of years ago.

[maxidi] 19/8/2022 13:47

BH. I had some more the other day and still considering another plunge.

[maxidi] 19/8/2022 13:45

ROBIZM.

You have a good knowledge of this subject and so have many more on this thread but I have not got a clue about the technical stuff. I just thought I may as well invest in gas instead of banks, seems logical, so long as it all works out. :o)

[bountyhunter] 19/8/2022 13:44

I've just topped up here as a hedge 😉

[maxidi] 19/8/2022 13:40

I've stocked up with wood and smokeless coal for the wood burner. We have underfloor heating and it's brilliant but won't be cheap now, the log fire compensates a lot though.
Masses of insulation as well!

[robizm] 19/8/2022 13:30

But they get to explore for free as tax breaks very generous. 65% tax on profits is ridiculous and even if a company has never made a profit before and has tax losses it is still 25%.

It is sad gas prices are so high but they were increasing before the Russian invasion . Some people will not be able to afford to use the gas central heating this winter. Day ahead prices are £3.80 and it is August. December and January are over £6 a therm. Even next summer is £3 a therm. Last winter was mild and hopefully this one will be as well.

[maxidi] 19/8/2022 13:04

I wonder how much the Norwegian (oil/ gas N.Sea) producers have to pay their Gov. in taxes.
Norway is a high tax country for most things.

[maxidi] 19/8/2022 12:46

Sunak wanted the retailers of gas/oil to pay windfall tax as well I believe but Truss said no!