Opg Power Ventures Share Discussion Threads

[andycapp1] 23/7/2018 14:22

I’m using ticker ICDU8 on commodities which is Indonesian low calory coal futures sept delivery. Low calory is about half the calorific value of normal coal which is what opg uses. They don’t use normal coal as their kit is fired with low calory. So you need to keep eye on this ticker and you need the futures page not the spot. Anyhow, it’s fallen/falling.

[john09] 23/7/2018 13:12

Exactly. That’s what I posted

[stur7672] 23/7/2018 13:11

Indonesia's benchmark thermal coal price (Harga Batubara Acuan, or HBA) rose 8.3 percent to USD $104.65 per metric ton in July 2018 (from USD $96.61 per metric ton in the preceding month). The HBA is now at the highest level since April 2012. The HBA, which is determined by Indonesia's Energy and Mineral Resources Ministry on a monthly basis, is based on several global and domestic coal indexes.The above was extracted from an article on 13th July. 2018

[john09] 23/7/2018 12:05

I don’t recognise those prices as Indonesian coal

[andycapp1] 23/7/2018 10:47

That is Bloomberg today so it’s as up to date as you want!

[andycapp1] 23/7/2018 10:42

$44.9/metric tonne down from almost $48 in July. So meaningful fall. Long way to go though!!

[john09] 23/7/2018 10:36

That’s 2 weeks old

Still waiting on this coal price. People keep posting its dropping

[turbocharge] 23/7/2018 10:34

Talking of Indonesian coal

Forty Indonesian coal ships stranded

[john09] 23/7/2018 09:54

And what’s the price

[andycapp1] 23/7/2018 09:53

The September futures are well down.

[andycapp1] 23/7/2018 09:53

I have a Bloomberg screen. It is on there.

[john09] 23/7/2018 09:48

hxxps://www.indonesia-investments.com/news/todays-headlines/coal-mining-update-indonesia-production-export-price/item8894

Was set at $104.65 for July.

[john09] 23/7/2018 09:44

Where are u getting the Indonesian coal price from

[turbocharge] 23/7/2018 09:40

Indeed, but early days - need the trend to continue for the next six months or so.

[andycapp1] 23/7/2018 09:02

On the positive Indonesian coal now falling nicely. Might help sentiment?

[john09] 22/7/2018 11:06

Andycapp. Go play somewhere else it’s very tedious

[azalea] 22/7/2018 08:38

ac1
Gosh, you mean you are going to double the amount of shares in OPG that you have never held in the first place. How astute.

[azalea] 21/7/2018 08:21

TC an interesting report by the EIA.
The facts supports the main thrust of my post 4402 -growing demand for electricity and the failure to mine adequate supplies of native coal for its power stations. Whilst the quality of the coal may not be as good as coal from Indonesia, clearly the majority of generating plants in India use the former; why else would it have a target of producing one billion tons of the stuff by 2020. The importing of coal from the USA is particularly interesting. Given the much shorter distances involved, I am surprised India does not import coal from Africa.

Given the inevitable fall in oil prices in the years ahead, part of the billions of dollars India will save importing it, could be used to finance establishing the supporting infrastructure for EV. This in turn, would further drive down the amount of oil imported and drastically reduce the air pollution in cities across the country.

[turbocharge] 21/7/2018 03:00

From the US Energy Information Administration:

Short-Term Energy Outlook (STEO)
July 2018

U.S. coal exports to Asia, particularly to India, remain strong. Exports to India for the first four months of 2018 were almost 7 MMst, up from 3 MMst in the first quarter of 2017. In 2016, exports to India for the whole year totaled 6 MMst.

Several factors could keep exports to India high in the near term. Increased electricity demand, combined with lower hydro generation, has led India’s power ministry to recommend that state governments and private power companies import coal. India’s domestic coal production is currently unable to meet the growing demand in the power sector. India is also proposing a national ban on using petroleum coke as a fuel. The proposal follows a ban ordered by India’s Supreme Court last October on burning petroleum coke in the region around New Delhi. The new ban would still allow petroleum coke to be used in the limestone and cement industries. However, these factors supporting coal exports are expected to diminish.

[jozo] 20/7/2018 19:39

At last NewCastle coal heading in the right direction - down form its recent all time spike on Monday by 5%Hoping that's the wind out of its sails!Opg really could do with a boost!https://www.barchart.com/futures/quotes/LQ*0/all-futures

[azalea] 20/7/2018 10:32

I suspect recent buying is due to investors taking a second look at the Q4 2018 numbers posted 5/6/2018.

[andycapp1] 19/7/2018 17:04

Well to be fair Flowerpothead it'd be good if you could produce some proper analysis instead of bunkum around EVs and lighting up villages. All very well for you to ask but as you are yet to produce any sort of analysis it seems a little rich!

[azalea] 19/7/2018 15:52

larva
Please state your case for saying so. Who knows ,you might convince the eternal pessimist.