Southern Energy Share Discussion Threads

[jailbird] 18/4/2023 07:21

JunHmmm, just thinking the results but in particular the cash/debt balance sheet represents end of 2022 when NG prices were still above $4+ Yes there associated costs with drilling as well but then we had the fund raise too .We are almost 4 months post these results , and with NG prices on the floor since February, it is a little worrying to me what the balance sheet will be now

[little minx] 18/4/2023 07:03

And there is a very small hedge too.

[jungmana] 18/4/2023 06:56

Imo used some of the credit facility to preserve cash

[jailbird] 18/4/2023 06:45

Hopefully NG has bottomed Did not realize HH hit $1.84 last Friday Recovered since though https://oilprice.com/Energy/Natural-Gas/Natural-Gas-Jumps-8-On-Colder-Than-Expected-Weather-Forecast.html

[little minx] 18/4/2023 06:38

And read the tweets below to give you an idea of the gas prices and production levels in the US.

[jailbird] 18/4/2023 06:35

Also Southern currently has $23.0 million of unused capacity on its Credit Facility ($35m)So $12m used already

[kepner] 18/4/2023 06:23

Exited Q4 2022 with positive net cash(1) of $13.4 million

[sos100] 18/4/2023 06:12

maybe a daft question but what is the cash balance?

can't see it🤔

kepner seen your post but that's over 4 months ago...what's the balance now?

[little minx] 18/4/2023 04:12

https://twitter.com/zmansenrgybrain/status/1648048107517628432?s=46&t=E_o_fkXDl8Oo66JcZQysRQ

[little minx] 18/4/2023 03:37

https://twitter.com/bluegoldr/status/1648077133380550658?s=46&t=E_o_fkXDl8Oo66JcZQysRQ

[little minx] 17/4/2023 15:48

Well we ended blue with decent buying at the end

[little minx] 17/4/2023 13:18

Passing 2400 is apparently a significant price for gas!

[little minx] 17/4/2023 12:53

Some of its over my head but Freeport will naturally have an impact on storage.

[bountyhunter] 17/4/2023 12:52

That seems like a big positive LM.

... although I had to look up feedgas!

What is Feedgas?
Natural gas that is delivered to a liquefaction facility via pipeline to be converted into LNG. Delivered feed gas can be greater than the stated nameplate capacity of the liquefaction train(s) because some of that feed gas will be consumed in the liquefaction process.

[little minx] 17/4/2023 12:32

Interesting https://twitter.com/celsiusenergyfm/status/1647937317548576768?s=46&t=E_o_fkXDl8Oo66JcZQysRQ

[little minx] 17/4/2023 08:33

I think a few might get a surprise but I might be totally wrong.The hedging hadn't been counted for ages.

[jailbird] 17/4/2023 08:01

What are you guys expecting from next update Not much myself , just hope it is all prices in and we can recover of next few months slowly but surely

[jungmana] 17/4/2023 06:54

Will be this week as said in recent interview, the week beginning 17th of April

[little minx] 17/4/2023 06:08

I was expecting an RNS today. Maybe lunchtime when Canada opens.

[jailbird] 15/4/2023 21:31

https://uk.investing.com/news/commodities-news/natural-gas-sees-first-weekly-gain-in-six-sub2-risk-still-high-2985404

[bountyhunter] 14/4/2023 19:46

That could help, meanwhile this evening HH goes up and we go down, great!

[the_gold_mine] 14/4/2023 17:19

Natural gas prices have been a shocker lately, but keep in mind the Freeport outage added about 500bcf onto US storage levels (Freeport accounts for 2.2BCF/day of demand and was out for the best part of a year). Subtract 500BCF from todays storage and we'd be solidly below the 5 year average instead of above it, with pricing in a much better place.



Additionally the very mild winter didn't help the cause either.

Maybe we'll get a summer heatwave to balance things out?

[little minx] 14/4/2023 07:44

Forward contracts are higher for gas

[jailbird] 14/4/2023 06:25

Yes , storage is higher than expected for this time of the year , caused the drop