Star Energy Share Discussion Threads

[dannymaz89] 26/4/2024 13:26

STARMarket OutlookThe bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. The current price is quite distant from the confirmation level, so the probability of a bearish confirmation is very low. Besides, the signal is suggesting to STAY LONG

[dannymaz89] 26/4/2024 12:51

IGas Energy PLC on Monday said it has signed a memorandum of understanding with SSE Heat Networks Ltd for a geothermal district heating project in Stoke-on-Trent, Staffordshire.Shares in IGas Energy were up 92% at 36.40 pence in London on Monday.SSE as lead applicant have submitted a project change request to the GHNF, decision is expected Q2 of 2024Now 12p with zero dilution ?

[kubera369] 26/4/2024 08:12

Looking forward to Croatia within a month SSE within a month. Glentworth, corringham and Bletchingley anytime but (imminent)Interims due in June I am also believe we have big accumulation going on background wise.Maybe institutional interest - which is highly possible as we are just priced way too low.Target price revision upped from 55p to 66p a few days ago via broker notes Holding tight here as news on any fronts can drop in

[dannymaz89] 26/4/2024 08:03

Croatia development plan and figures next upSSE/salisbury gov funding soonBletchingley shovel ready, solo farm in or saleGlentworth 800 bopd near term farm in solo or saleCorringham 1billion resource appraisalLet's gooooo

[kubera369] 25/4/2024 12:29

The share price has got loads of catching up Broker revised note upped from 55p to 66p and we are just at the launch pad.Yesterday was the first Financials update delivered by Star energy since the name change from IGAS

[jack007] 25/4/2024 12:19

And we are off!

[smackeraim] 25/4/2024 12:10

Could be breaking out finally

[jack007] 25/4/2024 11:15

Should be a gusher after 12p

[dannymaz89] 25/4/2024 11:05

Nice buying today £45k clip there

[dannymaz89] 25/4/2024 10:45

"Even after such a large jump in price, Star Energy Group may still be sending buy signals at present with its price-to-sales (or "P/S") ratio of 0.3x, considering almost half of all companies in the Oil and Gas industry in the United Kingdom have P/S ratios greater than 1x and even P/S higher than 4x aren't out of the ordinary."

[kubera369] 25/4/2024 10:11

This is fantastic news We are already at the forefront and the transition to Geothermal by Star energy looks like a very good move.It's the future and will be the new normal

[dannymaz89] 25/4/2024 09:43

https://ceenergynews.com/geothermal/eu-committee-of-the-regions-backs-geothermal-energy/

[stark industries] 25/4/2024 09:24

This share is really a no brainer...
I am holding these very tight....market has not even cottoned on to yesterday's broker note's and the financials of this company = wonderful opportunity to buy in more before lift off....

[dannymaz89] 25/4/2024 08:08

Unrisked broker target £2.42 from yesterday's report, this assumes:SSE Stoke network green light (Q2 expectation)Croatia success (it was a success awaiting development licence)Glentworth and corringham appraisal (shovel ready, potential farm in)Easy hold here guys

[jack007] 24/4/2024 16:43

It's all very wishy washy. They are a bunch of muppets but they might be on to something

[kibes] 24/4/2024 16:30

Reasonable results from the oil and gas portfolio but I've no idea whether the Croatian geothermal is worth anything at all. Where are the project economics? It is no more than a idea at the moment. And why should they make asset sales? They need to carry on with oil and gas as the core business and should say so.

[dannymaz89] 24/4/2024 13:50

STAR"The Company is looking to bring in new partners in 2H24 to invest in development projects, but acknowledged that asset sales might also help to demonstrate the industry value of the UK oil and gas portfolio."

[dannymaz89] 24/4/2024 13:50

Star Energy (STAR LN) 11.1p, Market Cap £14m:Transition strategy continues• Star reported average FY23 production of 2.1kboe/d generating £49.5m revenues and £15m operating cash flow (before working cap movements) to end the period with net debt of £1.6m as at 31st December.• The Company guides average FY24 production of 2.0kboe/d and operating costs of c.$41/boe, which is based on £5.5m cash capex that includes near-term incremental projects with short cycle returns and maintenance.• Star's independent CPR estimated a small increase in YE23 reserves to 11.7mboe (1P) and 17.5mb (2P), which has a pre-tax NPV of $143m and $235m respectively, plus 18.6mboe of 2C contingent resources.• The Company commented that its UK projects continue to suffer from regulatory creep and ever-increasing delays in obtaining regulatory approval for environmental permits, which are commonly in excess of 12M.Star continues to optimise its UK oil and gas assets by investing to maximise recovery from the existing 2kboe/d onshore production base and progress near term incremental development opportunities to utilise the £240m tax loss.However, management recognised on the results call that the UK onshore E&P sector remains out of favour and that the market gives little value to its pivot towards the growth of the geothermal business in the UK and in Croatia.The Company is looking to bring in new partners in 2H24 to invest in development projects, but acknowledged that asset sales might also help to demonstrate the industry value of the UK oil and gas portfolio. Despite Star's early mover advantage on geothermal energy that can be funded via its new five-year €25m credit facility, we think the market needs more clarity on UK tariffs and Croatian funding partners to enhance visibility on the opportunity set and commerciality of these projects.

[dannymaz89] 24/4/2024 12:16

https://www.sharecast.com/amp/news/broker-recommendations/canaccord-genuity-raises-target-price-on-star-energy--16651330.html

[ashkv] 24/4/2024 11:11

Star has to announce a GBP 2-3 million buyback at such insanely low share price levels!!!

It is a fiduciary must for the board/management!!!

[jack007] 24/4/2024 10:40

Don't panic then!

[dannymaz89] 24/4/2024 10:06

So near term for STAR we have Glentworth Phase 1 oil project environmental permits are expected imminently Corringham site preparation completeBletchingley gas-to-wire secured grid connection NHS hospital trust geothermal projects in Manchester and Salisbury progressing through feasibility stageCroatia development planFarm in for glentworth and corringhamSSE JV q2

[sea7] 24/4/2024 09:19

What should be noted is the £21 million positive movement in performance..

operating profit was £7.2 million in 2023, whereas it was a loss of £13.8 million in 2022 - that is a £21 million positive swing.

[sea7] 24/4/2024 09:06

This should generate 47gwh of power when up and running...

Bletchingley

The Bletchingley gas to wire project now has full planning consent, environmental permits and a secured grid connection. Further work by the Distribution Network Operator is underway to optimise the grid connection routing. Subject to this being finalised, expected imminently, the project is now "shovel ready".