Westmount Energy Share Discussion Threads

[whackford] 24/1/2007 15:28

Bionic, no. It doesn't take much to puff it up or down.

It will be interesting to see what happens when the Eclipse matter is decided - hopefully floated. If that should happen I would not be surprised to see all assets cashed and distributed i.e. company wound up. After all, Westmount always was a one-man band and without DGW there's nobody left to do the real decision making.

[bionicdog] 24/1/2007 11:54

Anyone else have a view about the recent crazy price action?

[bomfin] 22/1/2007 15:00

Sorry to hear about DW. Had a long chat with him just over a year ago when he explained a bit about the oil and gas industry to me. I listened and learned.

RIP

[bionicdog] 22/1/2007 10:03

Indeed , sad news.

[whackford] 22/1/2007 10:02

Company Westmount Energy Limited
TIDM WTE
Headline Death of Chairman
Released 09:49 22-Jan-07
Number 8959P



RNS Number:8959P
Westmount Energy Limited
22 January 2007





22 January 2007

Westmount Energy Limited

Death of Chairman


It is with regret that the Board announces the death late on Friday of
Derek G Williams, 75, Chairman of Westmount Energy Limited.

The Board wishes to extend its condolences to his family.



This information is provided by RNS
The company news service from the London Stock Exchange

END

Farewell, Derek - to a man with great insight IMHO.

[Abuse team] 19/1/2007 08:30

Post removed by ADVFN

[papillon] 18/1/2007 20:56

Big drop today.

[whackford] 09/1/2007 13:12

Albert. you can forget all that charting mumbo when it comes to WTE. The price driver must simply be the underlying value of the assets. At 121p, WTE trades at a much smaller than normal discount to assets i.e. on basis of current assets I would be expecting a share price fall. It is Eclipse, pure and simple, that has drawn up the share price - and with good news on Ormonde we might suddenly see a further sharp upward movement.

[albertusstrasse48] 08/1/2007 23:55

A CHARTISTS PRICE GUIDE FOR NON-CHARTISTS. £1.



Hi ALBERTUSSTRASSE,


WTE - 121.50p .. the 2nd half of last year was dominated by a 'downtrend', but the price movement of the last month suggests that this 'trend' has now been reversed, and if so, then the worst may well be behind it .. with the price having started along the 'road to recovery'.



At its present price, I see its most 'dominant' level as being 125.00p, and therefore its initial target is to try and 'close' and hold above 125.00p .. once achieved, this should confirm a continuance of the recent 'underlying uptrend', and would suggest further upside to follow.

I reckon the 125.00p level is going to exert its strongest influence within a range of 120.00p - 130.00p, with its outer limits stretching from 115.00p to 135.00p.

With its recent strong rise, a period of 'consolidation' is about due, and if the 'uptrend' is to continue, then ideally, I would expect a couple of weeks of consolidation between 120.00p - 125.00p, followed by a subsequent sharp strong breakout move of the 125.00p level, accompanied by increased volume.

If this occurs, then I would expect to see a relatively quick move up to around 135.00p .. and if 'buys' should subsequently start appearing above 135.00p, then I would look upon this as the first signal that the price is attempting to break free from the influence of the 125.00p level.

If this occurs, then I see its next main target as being to 'close' & hold above 137.50p .. once this is achieved, I would view this as confirmation that the 125.00p level has finally been left behind.

The next influential level above, I see as being at 150.00p, and I would then expect the price to be drawn towards this level, as though it was a magnet.

The 'downside' also has to be taken into account .. so on the 'negative' side, should the price drift downwards from its present levels, closely watch the price reaction to the 115.00p level .. 'sells' appearing below would be the first 'warning signal' that perhaps it has moved too soon, and a 'close' below 115.00p should be treated as a very strong 'warning signal', that perhaps it ain't ready to recover just yet, and further downside is therefore likely to follow.

Overall though .. at this moment in time .. it looks to me as though the 'medium term' upside potential, is greater than the downside risk.

As usual, these are just a few unbiased thoughts from a non-holder, on a few price levels which I believe will have an influence upon the price movement.

[albertusstrasse48] 31/12/2006 09:50

Read the article in todays Sunday Telegraph whackford....mixed really, but something tells me that news re:- Eclipse Energy....is closer than we all think!

[whackford] 31/12/2006 08:11

From today's Telegraph. Trust the DTI to muck things up! - and we taxpayers are keeping them in well-paid jobs!

Eclipse wind and gas bid is all at sea
By Sylvia Pfeifer
Last Updated: 11:53pm GMT 30/12/2006



Plans to build the world's first offshore hybrid energy plant, which could power more than 155,000 homes, have been blown off course by the Government's protracted planning process.

Eclipse Energy, an innovative renewable energy company, wants to generate power from two gas fields and an adjacent 30-turbine wind farm off the coast of Barrow-in-Furness in Cumbria.

The company submitted its planning application for the "Ormonde project" to the Department of Trade & Industry 18 months ago but is still awaiting a decision. Official guidelines indicate that it should take between six and nine months for projects to be assessed.

Industry executives have long been critical of the Government's planning system, which they believe to be at odds with its target of generating 20 per cent of the UK's electricity from renewable sources by 2020.

The Government gave the green light for two major wind developments off the coast of Kent before Christmas, including the London Array, which will be the world's biggest offshore wind farm. The planning application for the project was submitted in June 2005.

It is understood that Eclipse had hoped for a decision on the much smaller Ormonde project at the same time. It is believed that recent concerns raised by the Royal Society for the Protection of Birds and English Nature have been resolved and that there are no outstanding issues.

The company raised £5m from institutional investors last year to help fund the project but is concerned that any further delay could deter future investors. Ian Hatton, the managing director of Eclipse, said: "Investors have a choice where to put their money. If things take too long, they can put their money elsewhere."

A spokesman for the DTI said: "It is important that the DTI considers the impact that offshore wind farms will have on the marine environment, navigational safety and other marine users. . . The Government recognises the planning system can be streamlined. There will be a planning White Paper in the spring as well as an energy White Paper. Both will look at ways of improving the efficiency of the planning system for energy infrastructure."

[albertusstrasse48] 30/12/2006 10:10

According to the EnCore Oil / EO. thread news from the DTI reference the 24th round should be out in the New Year....

[whackford] 30/12/2006 08:07

Albert - let's hope so. There is no indication, as far as I know, of when DTI are going to cough out the 24th Round results - but I would expect it to be soon (otherwise they should have put out an indication of when).

[albertusstrasse48] 29/12/2006 17:50

Eclipse Energy next to be sorted out for WTE in the early part of 2007?

[albertusstrasse48] 29/12/2006 17:36

SEY looking very good again!

[cwa1] 29/12/2006 12:22

Yup. But....

[bionicdog] 29/12/2006 12:21

It's not unwelcome , but .............

[whackford] 18/12/2006 17:25

Groenstraat19. I don't take FT so can you give us an idea what the FT said in the article you referred to? More buying today. People anticipating Eclipse wind venture planning OK, I suspect. Who is KGL?

[groenstraat19] 16/12/2006 10:10

Very positive write up in todays FINANCIAL TIMES on Westmount Energy [WTE] by KGJ.

"I am encouraged by Director and Company buying."

KGJ has also been buying more WTE recently!

[whackford] 13/12/2006 08:47

MickinVest - that calc looks about right. Certainly worth holding at present price (102p) bearing in mind upside potential in DES, SEY, Eclipse. I am encouraged by Director and Company buying.

[mickinvest] 12/12/2006 14:28

Shares worth £1.36 based on

Cash £880,000
CDS loan £500,000
DES 34p
SEY 16.75
Eclipse £7.50

Seem worth holding and a better option than holding SEY albeit a bit more illiquid.

Mick

[zingaro] 12/12/2006 13:13

Westmount Energy ("the Company") announces that Mr Peter Richardson, a director
of the Company, today purchased 10,012 ordinary shares of 20p each in the
Company at a price of 107p per share. Mr Richardson now holds 150,000 ordinary
shares of the Company, being 2.02 per cent of the issued share capital of
7,425,000 ordinary 20p shares.