Investor Meet Co on Tuesday 9o'clock |
Considering the positive news flow for gas and the strong price performance, on top of the dividend yield of Serica, this really should go higher |
Plus maybe talk of European Gas Storage depleting at a faster rate than usual may result in higher gas prices than usual for the summer months as Euro nations struggle to rebuild their gas stocks. |
 More likely to do with the price of oil, Crude Oil $78.4 Brent $81.4.
WTI crude oil futures rose to around $77.8 per barrel on Monday, hovering at the highest level in more than three months, amid concerns over potential supply disruptions stemming from new U.S. sanctions on Russia's oil sector. On Friday, the U.S. imposed some of the harshest sanctions yet against Russia’s oil industry, targeting two large exporters, over 180 vessels, and more than 150 tankers. These restrictions are expected to severely impact Russia's ability to supply oil to key markets such as China and India, forcing these nations to seek alternatives in the Middle East, Africa, and the Americas. Additionally, a stronger-than-expected U.S. jobs report on Friday signaled economic strength, supporting oil demand. Crude prices have also been buoyed in recent weeks by winter energy demand, declining U.S. inventories, and speculation that the incoming administration of President-elect Donald Trump may impose stricter sanctions on Iran in the coming months. |
Seen the oil price? |
Appears to be breaking up now the 200 is cleared? Maybe the cold weather effect; or maybe the long awaited rerating. |
Agreed, nigel. And I have added to my position here today. Its just hooked the 200 sma, so we could see an upswing, particularly given it's extraordinary dividend. The value here has been daft. |
A great example of why it makes absolutely no sense to disincentivise gas production close to source.
For me there was logic in stopping all new oil field development but not gas given it's heavy usage within the UK. |
Oil price climbing and pound weakening against the dollar. Good for us but not for consumer. |
No need to apologise lol, it's an important point to make, first of the skynews headlines right now so a developing story.
Less than a week's gas left in UK storage with storage levels 26% lower than this time last year.
Pigeons coming home to roost although the previous Government's policies (encouraged by Labour) are to blame for this one. |
Beat me to it! :) Both watching Sky! |
Centrica now: UK Gas Storage levels are "concerningly low." |
Exactly yas. One of the worst paid commentators out there - and there's a lot of trash so that is saying something. |
A follow-up meeting on Serica Energy PLC (SQZ) is scheduled for 4th February 2025 at 6:30 PM.
The meeting will focus on reviewing and discussing the key points from Serica Energy’s recent presentation on Investor Meet Company (IMC). This is an opportunity to dive deeper into the insights shared during the presentation and analyze the latest updates on the company.
More info and registration: |
"How often is Malcy negative on a company?"
Never - except when his chum PB was given the marching orders by JSE.
Malcy has a perfect track record of failure. |
How often is Malcy negative on a company?
He's paid to promote and write bullish drivel. Avoid and ignore. |
How often is Malcy negative on a company? |
If it is a 'regular' event; why is European Gas Storage at 70% vs 86% at the same point last year?
["Dunkelflaute is a German word referring to a period of winter weather with low light and little to no wind. It's a fairly common phenomenon in Northern Europe."]
It seems Dunkelflaute was higher than average during December over Northern Europe. |
Nobody is getting excited
Get yourself over to X - every other post seems to be people falling over themselves to get excited by something that regularly happens in the winter months in the UK. |
Octopus had an energy saving session 5-6pm this evening - at such times they pay you for cutting back on energy usage - they do this when supplies are tight and prices sky high (to save themselves money) which fits in with xxnj's post above. |
Nobody is getting excited but it very clearly makes the point that Net Zero is totally unachievable and all the money that is being wasted perusing it is very damaging to the UK economy. Renewables are good and have their place in the energy sector but as evidenced by todays figures with 55% gas they will never be the complete solution. Don’t demonise fossil fuels because we will always need them. Just note that over 80% of global power is produced by fossil fuels over the last 20 years $5 trillion has been spent on renewables as a result of which reliance on fossil fuels has reduced by just 1% from 82% to 81%. The fact that the Labour Government wish to pursue nett zero at vast cost is just more evidence that they are unfit for office. If they were running a company (which no member of the Labour Government has ever done) they would have been sacked by now. |
That's quite normal to get a few days like that every year. I don't really understand the excitement over it to be honest. |
Send your post to Starmer and Milliband and ask them to explain how we will ever get to a situation where we can rely solely on renewables. They are costing the country a furtune which we can’t afford as evidence by todays highest cost of Government borrowing since 2008. We need fossil fuels and damaging our North Sea assets is doing a great disservice to every UK citizen, wasting vast amounts of money for an unachievable dream. We have the highest energy costs of all major countries which makes our manufacturing companies non competitive in global markets and it impoverishes many ordinary consumers (who have also had their winter fuel allowance abolished). Labour are trying to prevent free speech as they don’t like being exposed, so I am very pleased that Musk and Trump who can exercise free speech are calling out Starmer and his Government for their many disastrous polices. |
Slightly off topic but kind of relevant and interesting.
Nation Grid Live Now
Solar 0%
Wind 8.3% (as opposed to yearly ave of about 31.4%)
Gas 55.9%
Past Day Price Ave per MWh: £312.34 (not £71 ave for past year)
Live price per MWh: £979.14
"German utility Uniper and a subsidiary of the Swiss commodities trading giant Vitol offered to fire up their gas plants during the evening hours in exchange for “super-high221; payouts of more than 50 times the market price earlier this week, according to experts.
Under the system to balance Britain’s grid when electricity supply is short, Neso encourages energy companies to bid prices at which they would be prepared to power up their plants.
The Rye House gas plant in Hertfordshire, owned by VPI Power, a Vitol subsidiary, will generate electricity for a price of £5,000 per megawatt hour (MWh), which should earn its owner £6.15m over three hours, according to official market data. The larger Connah’s Quay gas plant in Flintshire, owned by Uniper, will earn just over £6m after agreeing to generate power for a price of £2,900/MWh."
This is what happens when the wind blows less than anticipated! As it can do in winter. |
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