Serica Energy Share Discussion Threads

[chestnuts] 30/3/2019 23:03

Fardel

Its not me who needs to stop posting , lets face it if you had bothered to do the reading about gas prices and storage and try to understand the market instead of reading just what you want to hear you would have sold at 144p and even read up on chart patterns an head and shoulder patterns are quite common.

What is not common is the 2 step pattern which i have found on several charts and the out come is quite accurate.

[bountyhunter] 30/3/2019 22:55

and as gas prices rise when we get nearer to winter winter futures price rise, let's face it going into summer UK gas prices are always lower than going into winter when they are higher, this is known as seasonality but conveniently overlooked by those wishing for lower prices throughout the entire year

[chestnuts] 30/3/2019 22:38

Bounty
As the price of gas falls the futures fall so next winter price will also fall


Fardel

Glad we can have such a good 2 way conversation, i dont make gas prices fall or even SQZ i have just given an explanation

[bountyhunter] 30/3/2019 21:27

I didn't say this summer, I suggest you reread my post. 51.5p is the futures price for winter 2019 with 53p for Q1 20.

Last winter was pretty cold even in March, next winter could just as likely be like last winter as this one, but most likely it will be closer to the average.

WINTER19 51.500 3/29/2019 4:30 PM
Q1 20 53.000 3/29/2019 11:52 AM

[chestnuts] 30/3/2019 21:18

Bounty

None of us know for sure but the winters are getting warmer and warmer over the last few yrs, and you could be correct we dont know the price but the market when it comes to SQZ wont think that far ahead

As for the price of gas being 50p this summer the futures read 37.5p at the moment but this as dropped as the price of gas as fallen and normally in the summer months the riggs shut down for 2 months for servicing and the other months of summer fill up the storage but there is no storage to fill up so gas is going to get very cheap.



Farmscan

I posted that the pattern so far for SQZ is like GKP a 2 step up then right down to 41.66% of the move i am expecting the same for SQZ and if this does happen i am expecting around 62p for SQz then to shoot up to 320p ish and to top in early 2022 when BKR is completed

[farmscan] 30/3/2019 20:28

Chestnuts, can I just ask why you are so keen to keep offering us helpful advice? Are you worried that we will lose money? Is it too late to sell now?

[bountyhunter] 30/3/2019 20:25

Hardly likely to be as warm next winter and probably most of these will die.
That's why winter 2019 forward prices are at >50p rather than 35p.

[chestnuts] 30/3/2019 20:24

Fardel

What gets me about all the main SQZ holders is that none of you fore saw that Natural Gas prices were going to fall this low even when i have shown you the facts , its all about supply and demand and not one of you recognised the fact that storage as been cut back to a minimum and that with having such a warm winter , and with the yanks pumping a never ending supply of natural gas and then converting it to LNG that it would swamp the market. Now with all the storage full to capacity this summer gas will fall further, and if its just as warm next winter gas will stay low. Not one of you bothered to go check out the facts of what i was saying all you did was name call, just childish and rude. Well stick with SQZ and see what happens but i dont know any other industry when the products drops by over 50 % that the share price of the producer stay high it might for a while but market forces will come through.

[fardels bear] 30/3/2019 20:04

I don't respond to tips from you.

[descartes244238] 30/3/2019 12:00

There is a 78.6 retracement fib level at 115p. If it bounces off this we know the smart money is running the show. If it drops below that, time to sell and sit it out for a while

[chestnuts] 30/3/2019 11:48

Fardel

You see what i mean you are so rude especially as i tipped you off that the share price had topped

[nicnic1953] 29/3/2019 21:15

Ok .....you talk rubbish

[chestnuts] 29/3/2019 20:48

nicnic

Why not say what you mean,

[nicnic1953] 29/3/2019 20:28

Good for a laugh this board isn't it !!!...

[nicnic1953] 29/3/2019 20:28

Good for a laugh this board isn't it !!!...

[chestnuts] 29/3/2019 19:58

Fardel

You have done nothing but take the pee for quite some time and i have warned you that the share price had topped and that it was heading into the 60s well if the trend line gets broken it will head there, and with the revenue way down compared to last yr as gas price is now below 35p and if 30p breaks its heading into the very low 20s



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