Southern Energy Share Discussion Threads

[little minx] 16/6/2023 11:52

Apparently gas prices are up 60% in Europe.

[jungmana] 16/6/2023 08:08

Remember from last weeks rns we get good premiums to the HH price due to location and supply to power generation companies;Ian Atkinson, President and CEO of Southern, commented:"We are very pleased to close this highly accretive acquisition. Our team has already begun optimizing the newly consolidated assets including through marketing opportunities, with additional volumes and access to the Florida Gas Transmission sales point, which is currently receiving a strong premium to NYMEX Henry Hub, and the rationalisation of operating costs. "

[bountyhunter] 16/6/2023 08:08

Unmoved in London at the open, I can't see it staying like that for long.

[little minx] 16/6/2023 07:01

I am hoping natgas will be around 3 in September. Read lots about Asia, Europe, another out of commission plant in the US and hot summer increases demand. We shall see.

[jailbird] 16/6/2023 06:50

This company could do well if NG prices recovered and remained stableWorkday reduce all this volatility

[jailbird] 16/6/2023 06:48

Nice to see NG , let's see if it breakout higher , Still cautious here , May see short term higher NG prices though Reading latest news longer term NG prices forecast to remain low , which is frustrating to read UBS forecast for later this year https://www.hellenicshippingnews.com/us-natural-gas-production-at-a-record-high/

[bountyhunter] 15/6/2023 17:36

HH up 7.5% p.m., TSX SOU finally responding, most of the rise probably being a bit late in the afternoon for London to bother to notice.

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[king suarez] 15/6/2023 17:30

We have had a good rise from 16p to 25p. Give it a wee while to 'consolidate' and gas price to stabilise/continue up and we will follow - some news could be helpful?

[little minx] 15/6/2023 16:00

Amazing gas on the up and nothing!

[little minx] 15/6/2023 08:01

This is quite interesting https://twitter.com/celsiusenergyfm/status/1668959874170998786?s=46&t=E_o_fkXDl8Oo66JcZQysRQ

[jailbird] 13/6/2023 18:42

When there are clear indications of excess inventories are decreasing or being depleted, we will her higher prices Keeping an eye on NG over this month and , we may get some indications

[bountyhunter] 13/6/2023 17:01

Surging Demand: Hotter Forecast Boosts Natural Gas Prices
By:James Hyerczyk
Updated: Jun 13, 2023

[bountyhunter] 09/6/2023 19:21

With global warming this summer A/C energy usage could be higher than ever.
Look at the state of the temperatures here and it's only early June! Heatwaves followed by thunderstorms are usually July/August not early June.

[jailbird] 09/6/2023 15:48

https://oilprice.com/Latest-Energy-News/World-News/European-Natural-Gas-Demand-Drops-As-Top-Economies-Slow.html#:~:text=Natural%20gas%20demand%20in%20the,Commodity%20Insights%20quoted%20by%20Bloomberg.Trying to find some good news but not much about

[jailbird] 09/6/2023 15:37

At the moment these factors drive NG prices from my reading , all educational Storage , weather , and impact of renewables demand being main ones so far We have storage inventories news due today as well https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/060723-slow-pace-of-us-gas-infrastructure-buildout-is-recipe-for-disaster-williams-ceo?_its=JTdCJTIydmlkJTIyJTNBJTIyMmU1YzNkMWMtYzM2Ny00ZjkxLWJjNWEtM2Q5NGRkMjE1YzMxJTIyJTJDJTIyc3RhdGUlMjIlM0ElMjJybHR%2BMTY4NjMyMTM1OH5sYW5kfjJfMTAwMjJfc2VvXzIxNzJmN2RhYjk2MWFjOGU5NzBmZTM2OWY3NDdhYmNhJTIyJTdE#

[bountyhunter] 08/6/2023 17:09

And that would be higher still with the premium to HH received by Southern.

[little minx] 08/6/2023 11:21

www.eia.gov/outlooks/steo/report/natgas.php "We expect the U.S. benchmark Henry Hub natural gas spot price to rise in the summer months, averaging just over $2.60/MMBtu in 3Q23, up from an average of $2.15/MMBtu in May. Rising natural gas use in the electric power sector and flattening production growth – which together contribute to storage injections that are less than the five-year average (2018–2022) in the coming months – are the primary drivers. The Henry Hub spot price averages around $3.40/MMBtu in 2024 in our forecast, nearly 30% higher than in 2023."[/quote]

[little minx] 08/6/2023 09:29

I think it was EIA?? It's on trading view.

[jailbird] 08/6/2023 09:21

Small impact at present But I guess it depends how much internal disruption impacts supply Over long term Hot dry weather is a problem in that region and will probably happen again

[jailbird] 08/6/2023 09:15

Who is this somebody ?

[little minx] 08/6/2023 09:03

Wonder what impact the dreadful fires in Canada will have on their own gas production. Somebody saying natgas coukd be 30% higher next year.