Jadestone Energy Share Discussion Threads

[lord gnome] 29/12/2022 15:06

Nice rant Dunderhead :-)

[jeff114] 29/12/2022 14:56

It's exactly that what the general public doesn't understand and what creates this fantastic buying opportunity

[hiddendepths] 29/12/2022 14:31

"I long for the day of seeing some straight talking people with plenty of business experience in Government." You're a fantasist MT! ;-)

Seriously though, I completely concur with all your last few posts. It's very difficult to express those views in public these days though!

[uncleoswald] 29/12/2022 14:21

Lol MT .....
You should say what you think lol
Seriously, always appreciate your in depth knowledge of companiens and the industry.
Happy New Year to all 😀😀

[mount teide] 29/12/2022 13:22

L2: MM's on the OFFER getting taken out by NMS 10,000 trades.

2 v 1 / 76.0p v 77.4p (rest between 78p and 81p)

[mount teide] 29/12/2022 12:48

bm - lol - I long for the day of seeing some straight talking people with plenty of business experience in Government.

The next three to five years across the West is going to be very challenging from an economic perspective - sadly, after living in a free money world for over a decade, most do not have the faintest understanding of how tough financially things are going to become.

L2: WINS, JBER and STFL have been fighting like ferrets in a sack this morning in an attempt to command the BID side of the book:

L2: 2 v 1 / 76p v 77p (rest between 78p and 81p)

[bluemango] 29/12/2022 11:17

Has anyone else mentioned the bullish double bottom chart formation here, btw?

[bluemango] 29/12/2022 10:39

MT, wish more Western politicians saw things the way you do and were able to communicate them that well.

Please stand for PM; you'd get my vote!

[mount teide] 29/12/2022 10:20

Thommie - Exxon like all major O&G companies view the development of new production as a 25 year investment decision, where the lean years during the O&G market cycle are made up by the good years.

Nationalise the industry's profits during the good years and you guarantee only discoveries with the best returns will be developed, followed by an inevitable global energy crisis, especially when combined with a catastrophically badly managed transition to expensive, unreliable renewables.

When Oil averaged $57/bbl between 2014 and 2020, many O&G companies went bust, while most majors were forced to reduce their CAPEX by 65% due to a waterfall drop in cash generation compared to the previous 5 years, when Brent averaged close to $110/bbl.

Exxon has been investing more than it has been earning during the past five years, with the level of investments in new oil and gas supply double the level of profits.

Shell and BP are paying 75% in UK corporation tax and levies .........yet most of Apple's UK sales are considered to be through their EU/Dublin tax haven where the corporation tax rate is 12% but, I've heard from an extremely reliable source, Apple are actually getting away with a figure much closer to 2%.

Apple earned more than 19 times Exxon (God) over the last 2.5 years, and returned 97%($20bn) of their profits last quarter to shareholders via share buy backs and
dividends. Apple spent $85.5 billion to repurchase shares in 2021, and recently extended its share buy backs to $90bn, while Exxon lost $22bn in the cyclical O&G industry.

Racket worthy of the Mafia comes to mind - but, so long as these companies are run by compliant left leaning management they are allowed by socialist EU and US Governments to get away with legalised theft on an industrial scale.

Exxon and the rest of the O&G industry were right to call out the blatant, nauseating hypocrisy of the self serving champagne socialists in Brussels and the White House.

Biden, 2020: “No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill. Period.” Less than two years later he shamelessly flies to Saudi Arabia to beg the murderous Dictator there to produce more oil, after much of the US O&G industry told him where to stick his demand they put more money into drilling, after being warned in the run up to the election he was going to shut them down.

[thommie] 29/12/2022 09:09

Sounds like a very good idea to get 2billions from Exxon per year instead 3 billion of investment over 10 years. It's always so funny, when companys that see their free cash flow multiply on the back of people just by taking bigger and bigger margins they complain that they have to give 33% of this additional gains back and are only left with 66% of it. Poor Exxon. Really. I nearly start to cry for them. It's hard to see how Exxon couldnt afford to invest 300m per year over the next 10 years into europe only to make their gains even bigger, not the gains for the people obviously, when you are getting billions of dollars on top of the former big margins...And ofc, they will still invest as planned, because they just got the money to do so for the next 10 years in only 1 year by additional cash flow because of rallying oil prices by bigger margins as the costs structure is designed for a much lower oil price.Maybe the EU should do this 300m per year investments on their own with the 2 billion of additional cash per year?Ofc, everyone knows you have to cry and try to get even more, you dont have to lose much but could win big. But it's completely unjustified in this case. If you get 3 times the money out of a business than before and even if it is cut back to only 2 times after additional taxes it's even an better investment case than every before...

[mount teide] 29/12/2022 09:06

So much for LNG, never mind highly expensive, woefully inefficient and heavily subsidised renewables, being the fuel of the future for the shipping industry! Even 'green' fossil fuels cannot now compete with traditional fossil fuels at $75 Brent once energy security became the only game in town.

This week one of Europe's LNG passenger ferry pioneers sheepishly announced the replacement of its ship's LNG engines with duel fuel(LNG/MGO) engines to survive.

"Non sustainable" LNG bunker costs were cited by Danish ferry operator Fjord Line as the reason for replacing its ship's LNG engines.


Fjord Line to retrofit LNG/MGO engines on LNG-fuelled vessels on ‘energy crisis’ - Lloyd's List 29 Dec

'Norwegian ferry company Fjord Line this week said it has decided to rebuild its ships from LNG-only engines to dual-fuel LNG/ marine gas oil (MGO) during Spring 2023, due to increase in LNG bunker fuel costs which has led to a non-sustainable financial situation for the company.

“The energy crisis, caused by the Russian invasion of Ukraine, has led to extraordinary volatility and significant price increases in LNG – and the price increases have been far higher than for traditional and less sustainable energy sources at sea,” the company said.

The company receives no governmental financial energy-aid.

“This has led to a dramatic increase in the energy costs for Fjord Line’s LNG-operated ships, and significantly above a financially sustainable level,” it said.

“The engine conversion enables the two LNG-ships to switch between LNG and MGO (Marine Gas Oil), which will ensure a financially sustainable operation until the LNG-price level is normalised,” said CEO, Brian Thorsted Hansen.

“Fjord Line is a pioneer within LNG-ship operation and our award-winning LNG-ships had the most innovative and sustainable fuel solution when launched in operation during 2013 and 2014. We are saddened by the need for the conversion towards use of MGO, despite Marine Gas Oil having a significantly reduced emissions of sulphur than traditional fuel such as HFO (Heavy Fuel Oil). The conversion is however critical to maintain our customer offering, secure workplaces, and to secure the continued development of Fjord Line.”

The ships are being rebuilt at Fosen Yard and the engines will be delivered by Wärtsilä.

“Fjord Line has concluded a refinancing as part of the rebuilding of the two ships and due to the current energy crisis. A refinancing where our owners and lenders jointly have secured the continued development of Fjord Line’s strong position,” the firm said.'

2022 - Rotterdam Average Bunker Price

$1,802/tonne - LNG
$1,048/tonne - MGO
$740/tonne - VLSFO
$515/tonne - HFSO

$2,145/tonne - Average 2022 UK retail diesel price
$726/tonne - Stag 2022 average price for Marine Fuel Oil blending
$653/tonne - Brent 2022 average price


At 50 tonnes/day fuel consumption, Fjord Line would achieve an average fuel cost saving per ship per day of:

$37,700 - MGO - equivalent to around $14m/yr
$53,100 - VLSFO - equivalent to around $19m/yr
$64,350 - HSFO - equivalent to around $23m/yr

[pughman] 28/12/2022 16:21

It looks like someone knows something.

[dunderheed] 28/12/2022 16:20

11873 ticked up lol.

[11_percent] 28/12/2022 16:14

Where is everyone.....Offer up 3p.

[mount teide] 28/12/2022 16:02

L2: good volume hitting the Book this afternoon at the full ASK price - the cynic might suggest with the price movement going strongly against the sector tide today - news may not be too far away.

1 v 1 / 74p v 75p (rest between 76p and 78p)

[11_percent] 28/12/2022 14:52

Bought a few in my ISA......can only buy 1K now in my Sipp.

[mount teide] 28/12/2022 13:41

L2: continuing to strengthen - 3 v 3 / 73p v 74p (rest between 75p and 78p)

[mount teide] 28/12/2022 11:06

L2: opened at 1 v 2 / 71p v 72p ...... progressively moved up to 1 v 3 / 73p v 74p (rest between 75p and 77p)

Stifel have been hard on the BID throughout....aided and abetted by WINS and JBER.

[tom111] 28/12/2022 09:58

A few buyers this morning nice to see the share price ticking upfor a change

[mount teide] 27/12/2022 20:14

S&P Energy v S&P 500

1 Year Performance
+59.90% - S&P Energy
-18.14% - S&P 500

3 Year Performance
+47.70% - S&P Energy
+19.36% - S&P 500

5 Year Performance
+25.54% - S&P Energy
+43.28% - S&P 500

10 Year Performance
+24.42% - S&P Energy
+168.84% - S&P 500

The 1 Year trailing performance flipped in Energy's favour in H1/2022, followed by the 3 year in H2.

With the energy sector expected to continue performing strongly in 2023, and still valued at barely half the average of the wider S&P 500, I strongly suspect the 5 year performance level will flip to energy's favour in H1/2023 and, there will be a major narrowing of the 10 year performance gap by year end 2023, that will likely be fully taken out in 2024 - The Revenge of the Old Economy!

[mrscruff] 27/12/2022 16:02

That's the beauty of investments... the long waits create an opportunity like Buffet would say. Shares go down cos of net sellers. The older you get the more you are happy to wait regardless of death. Spread your risks and buy on the dips spaced out by a month and never buy after a share has risen. More delays should be welcomed. Already way too cheap but always could get cheaper.