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SIA Soco International Plc

61.80
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Soco International Plc LSE:SIA London Ordinary Share GB00B572ZV91 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 61.80 61.90 62.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Soco Share Discussion Threads

Showing 24301 to 24319 of 27750 messages
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DateSubjectAuthorDiscuss
10/7/2017
06:54
Tesla uses Lithium-Ion batteries for its electric cars

It is now launching a family priced M3 saloon car at around $30k , which is aimed at the mass market.

Everyone will have read the Volvo story by now ... no more internal combustion engined cars to be produced after 2019 ... all electric.

General Motors is now selling its Chevrolet Bolt EV for around $35K


The Nissan Leaf EV is about to go on sale in the USA within months.

Lithium-Ion batteries have reduced in price by around 80% in the last 10 years.

Tesla has just made a huge factory to produce its own which it is now using for domestic power supplies 'powerwall' , and also for use in Electricity Main power station supplies. Read about its latest contract in South Australia.

Now France has said it is going all electric cars , after the uK announced in the Queens speech that it would be looking to pass a new law to require all petrol stations and motorway service stations to have electric car charging points provided.

Also Mercedes-Benz parent Daimler last Wednesday also announced plans to invest 5 billion Chinese renminbi ($740 million) in a battery plant in China that it will run with China-based BAIC. The partners plan to sell electric vehicles under the Mercedes brand name by 2020.

Green vehicle demand is already booming in China. Forecasts are calling for sales of 580,000 units in 2017, an increase of 58 percent from 2016, even though the Chinese government eased up on subsidies.


My point is Lithium-Ion batteries are getting cheaper and better , they will be the driver of the car market for the next 20 years.

Within 10 years they are very likely to be cheaper also that a internal combustion engined equivalent plus running and maintenance costs will be less.

OIL companies need to diversify or die.

buywell3
07/7/2017
17:35
BW,

If another decent sized country follows France

France is following other decent sized countries. This is not radical new news. In all cases there is no dramatic effect on the number of hybrid or electric cars on the roads. They will continue to rise, as they have. But so will the number of pure HC fuel based cars, as they have. And all those new cars will be on the roads for years to come - so the demand for oil will continue to rise, as it has - and most markedly in less developed parts of the world where car use is growing and the practicalities of electric cars are particularly difficult. Add to that, of course, cars are not by any means the only use for oil, and at present there are no dramatic changes downwards in those uses.

So yes, over 2-3 decades there may well be significant shifts in direct HC powered car use, and that will perhaps begin to show as a fall in demand. In the meantime, in the near future the production/demand gap will continue to narrow, and that will accelerate as the lack in exploration spending starts to bite. Your dire warnings about the price of oil may have some relevance in 20 years time. However, I'm interested in what happens in the next 2-3 years as I expect most here are. That may be a bit long term for you - I imagine the timescale you are working on for your oil short is over the next few days.

Peter

greyingsurfer
07/7/2017
16:00
I often see double when drunk too.....
emptyend
07/7/2017
15:26
How are the gorillas doing now that Soco has pulled out of DRC? Has anyone else stepped into the licences that were relinquished? Are they more acceptable to the WWF?
tournesol
07/7/2017
13:57
The former Secretary General of NATO, Anders Fogh Rasmussen, told Chatham House in 2014 that mounting evidence showed that Russia was behind attempts to discredit fracking.

hxxps://www.thegwpf.com/content/uploads/2017/07/Shaleupdate.pdf

Of course, those of us who follow Soco do not have to put up with instransigent states, we have to just suffer the WWF and Anna Friel.

Deld

deld
07/7/2017
08:59
Yes, whatever .... perhaps and maybe ....

Not a good basis for investing, though, is it?

ed 123
07/7/2017
08:52
...ps.....if there is an incentive to pump oil out fast, then perhaps PV and PTTEP will accelerate the work programme on TGT and raise production? Swings, roundabouts etc...... ;-)
emptyend
07/7/2017
08:46
Hi Buywell3.

Good post.

I see three upticks for Emptyend's latest post atm. Could those be ironic upticks, or is it evidence that 'Emptyworld' still exists?

For those who live in the real world ...

(1) Even at 2020/21, UK electricity bills are only expected to include on average £110 to pay for renewable energy levies. Average UK electricity bill is today about £1200 pa. Percentage is therefore about 9%, not "... around 20% ..."





(2) Macron won a huge mandate from the French people, 66% of the vote. He needs to meet carbon emission and air pollution targets. Also France is a leader in electricity generation from nuclear energy. It was always likely that he would move the country towards electric vehicles, and I've no doubt that the majority of French people would support this move.

Macron may be around for some years but, even when he goes, does anyone really think the French public will want to go backwards on global warming commitments and pollution targets?

(3) If the decision to invest in Soco is founded on the possibility of another Gulf War, then things have become really desperate.

Sadly, I see Emptyend as one who is wedded to the past: Supporting Soco and UKIP, while those with vision moved on from both.

ed 123
07/7/2017
08:43
Actually Macron's move, for all the publicity it's getting is neither very radical or very new.

From Autocar (the gas guzzlers bible)
France joins other European countries including Germany, the Netherlands and Norway with its planned combustion engine ban. Germany wants to stop the sale of them from 2030, while the latter countries are targeting to implement the ban from 2025. India also intends to stop petrol and diesel vehicle sales by 2030.

The British government announced plans to outlaw combustion engine vehicles from our roads from 2050, but it would do this by making it impossible for them to pass the MOT test, rather than banning them directly.

The British plans, though not currently law, are in fact much tougher than the French ones - they would remove oil burning cars from the roads completely (except for those exempt from MOTs)

There is no change in direction here, and the impact over the next decade remains small. The only recent significant shift in global policy is Trump's withdrawal from Paris, which will tend to push demand in the other direction.

Peter

greyingsurfer
07/7/2017
07:10
....meanwhile, in the real world, there will still be very many millions of cars with internal combustion engines running around when I die.Green taxes already add around 20% to electricity bills thanks to subsidies foisted on UK consumers/voters. Are they ready to have green taxes imposed on travel? Where is Macron's mandate for that move - and what will happen when he gets turfed out? And what will happen to the price of minerals used in making electric vehicles?.....will this have any near-term impact on the price of oil? Possibly. It may mean that the dearth of investment that has occurred in the last 2-3 years will lead to an even bigger oil price spike when we get the supply disruptions foreshadowed by geopolitical turmoil. Gulf War 3, anyone?
emptyend
06/7/2017
19:06
please stick to the facts

Buywell has an agenda and a fantasy of people paying for his "advice". It's sad really, but in a world where people pay all sorts of idiots for advice he could just be onto something. Lets all have a moments thought for anyone unfortunate enough listen to him.

Peter

greyingsurfer
06/7/2017
18:16
please stick to the facts

OIL is now under threat

The next motor company to follow Volvo's lead could well cause a run on it

OIL longs will of course put up a decent fight of it

But they are going to lose ............................. their shirts

Lets see now if OPEC sees the light and starts to offload whilst it still can find buyers.

buywell3
06/7/2017
12:59
Man U? Chelsea?
sludgesurfer
06/7/2017
12:58
My daily rates re advice on how are £10k per day (8hrs)

Is anyone foolish enough to pay that?

greyingsurfer
06/7/2017
09:08
(Sigh) Emptyend.

With reference to your post 19616 ... Oil is going to $5, remember.......

You are presenting a false spin on what was actually written.

For those who are interested in facts, below is a link to the article. It was written in 1999, when the oil price had slumped to $10/bbl.



As readers will see, the article didn't actually say, "Oil is going to $5." It said,

"... if cash-strapped Gulf states conclude that the best way to increase revenues is to boost production, which could drive prices from today's $10 to as little as $5 ..."

It was, "if". As we now know, the oil states didn't boost their production when oil dipped to $10/bbl and so the possibility of the oil price falling even futher wasn't tested.

I thought the final sentence of the Economist's contribution (to what was an important economic debate of the day) was telling,

But just as oil's scarcity seemed a fact of life in the 1970s, its abundant flow might be too easily taken for granted today. Normality could last a while; but it is unwise to assume that it will endure for ever.

In other words, far from thinking oil was going to down to $5, the writer was looking a bit further out and expecting the price to rise at some point from the $10/bbl prevailing at the time.

ed 123
06/7/2017
09:01
Even diesel cars are becoming cleaner and as technology improves emissions will decrease markedly. At the moment I have a diesel car with a 1.5 litre engine which is 0 rated for road tax as its emissions are less than any comparable petrol car on the market.
weeeck
06/7/2017
08:55
Diesel car sales are tanking

That may well be true, but anyone who has followed the news over the past year or two would know it has absolutely nothing to do with the bigger picture on oil demand.

Peter

greyingsurfer
06/7/2017
08:53
BW,

There will be more electric and hybrid cars in future. However, taking the UK as an example electric sales have grown over recent years to around 4% of total sales. Given the continuing global growth in car sales those sort of figure imply that pure HC fueled cars will continue to increase in total global numbers for some time to come.

Even in a developed economy like the UK there are real issues with electric only cars - hybrids are far more practical, since they can generate the electricity anywhere (with oil!) - there are real issues on access to charging points, rates of charge on long journeys etc. These problems are magnified considerably in the developing world, where car ownership is rising fastest.

There is no indication that oil demand will do other than rise for some time to come - probably 10 years at least, and against that you have to balance the massive underinvestment in exploration in the past 2-3 years, and the fact that few US shale producers are cash positive at current PoO.

Overall, while we may well not see $100+ again, the likelihood of long term PoO of below current levels is minimal, and there is a very real risk of spikes to the $100+ range over the next few years.

Picking up the Volvo story as you have done and suggesting that oil driven cars (and oil) are next to dead is to fall for the simplistic headline grabbing approach that journalists with an eye for headlines, and no real knowledge, would like you to do.

Peter

greyingsurfer
06/7/2017
08:42
Volvo is now owned by a Chinese company

If you guys think that car manufacturers in Japan and Korea and the EU are going to sit still whilst China wins major market share off them in the new electric car market then think again.

In the USA Tesla recently became worth more than Ford Motors
Thus far Tesla has concentrated on the more sports/fast electric car.
It will be interesting to see if and when the make offering/s in the more ordinary type of electric car.

OIL and petrol will always be cheap in the USA though.


Also now watch OPEC react to the Volvo news plus even more reaction when another big car company makes a similar announcement.

OIL could now hit $25 in 2 to 3 years ... maybe even quicker depending upon electric car newsflow and take-up

Diesel car sales are tanking

buywell3
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