Zenith Energy Share Discussion Threads

[hedgehog 100] 16/5/2022 16:38

"Ukraine crisis: Can Africa replace Russian gas supplies to Europe?

By Ijeoma Ndukwe
BBC Business

Published 15 hours ago

African countries are among those hoping to increase their exports of gas to the European Union, after the EU committed to reduce its reliance on Russian supplies following the invasion of Ukraine.

Russia's suspension of deliveries to Poland and Bulgaria over their refusal to pay in roubles, the Russian currency, was a stark reminder of the threat facing the Eurozone. Russia has the largest natural gas reserves in the world and is the largest exporter, accounting for around 40% of Europe's imports.

The EU wants to cut supplies by two-thirds by the end of the year and become independent of all its fossil fuels by 2030.

However, energy economist Carole Nakhle says that with the combined exports of Africa's big players in the industry - Algeria, Egypt and Nigeria - amounting to less than half of what Russia supplies to Europe, they are "unlikely at the moment to compensate for any losses in Russian supplies".

"The good news is there will be greater interest in countries that already have the resources to replace Russian gas and Africa is in a very good position. We're going to see more investment," she says.

However, this will take time because if various logistical issues in the continent's major exporters.

Algeria is well positioned to benefit from the EU's shift in energy policy. The North African country is the region's biggest natural gas exporter and currently enjoys well developed gas connectivity infrastructure with Europe.

Last month Italian Prime Minister Mario Draghi signed a new gas supply deal with Algeria to increase gas imports by around 40%.

It was Italy's first major deal to find alternative supplies following Russia's invasion of Ukraine.

However, there are concerns over Algeria's ability to boost capacity due to rising domestic consumption, underinvestment in production and political instability, says Uwa Osadieye, the senior vice-president of Equity Research at FBNQuest Merchant Bank.

He points out that the amount of gas exported from Algeria to Europe has fallen sharply recently because of a dispute with Morocco, leading to the closure of a vital pipeline to Spain, from 17 billion cubic feet a year to around nine billion.

Pier Paolo Raimondi, an energy research fellow at Rome's Instituto Affari Internatzionali, echoes these concerns.

"The agreement will allow them to exploit the available pipeline transportation capacity and it could gradually provide increasing volumes of up to nine billion cubic metres per year in 2023 and 2024. [But] we don't know how fast Algeria can ramp up this production."

Despite the reservations, the deal has been hailed as a solid first step for Italy, which is the second-largest buyer of Russian gas in Europe.

Italian ministers also travelled to Angola and Congo-Brazzaville, where they agreed new gas deals and Italy is eyeing opportunities in Mozambique in a bid to end its dependency on Russia by mid-2023.

Meanwhile, West African liquified natural gas producer, Nigeria LNG, has been inundated with requests for gas from European countries since the start of the conflict in Ukraine. ..."

[themaglcman] 16/5/2022 14:38

Bunch of Bellends LSE. Mafia

[themaglcman] 16/5/2022 14:26

Ramp ramp not one sale . Trash

[monis] 16/5/2022 07:41

i think the ZEN share price will bounce now from these levels imo dyor.

[themagicman] 15/5/2022 23:42

Wouldn’t be surprised if warren buffet invested here also. One of the most undervalued shares on LSE.

[muddy_40] 15/5/2022 22:06

Yep can just see Warren buffet loading up with Zen..,🙈€584;🙈㈳7;😅😅🤫🤫🤫

[hedgehog 100] 15/5/2022 15:30

"Wall Street Is Turning Its Back On Big Tech As Oil Stocks Rally

By Alex Kimani - May 12, 2022, 6:00 PM CDT

• Big Tech appears to be losing its upside throne to oil, gas, and energy stocks.
• Energy stocks currently make up just 4.4% of the S&P 500, a far cry from tech's 28% slice of the market.
• "Given the jump in oil and gas prices this year, it will likely not be a surprise to anyone that the energy sector is expected to report the largest earnings growth for the first quarter." ...

But now the tables have turned, with the once-ascendant Nasdaq plunging while oil stocks have become the new FAANG: the Technology Select Sector SPDR ETF (NYSEARCA:XLK) has crashed 24.3% in the year-to-date, while its energy peer, Energy Select Sector SPDR ETF (NYSEARCA:XLE) up 35.9% over the timeframe. ...

But it's not all smooth sailing for oil's ride back to the top. The volatility is incredible, and the sector's near 10% decline on Monday means that there is a hearty band of short sellers betting against the industry. ..."

[hedgehog 100] 15/5/2022 13:24

"The Calm Before The Storm In Oil Markets

By Tom Kool - May 03, 2022, 2:00 PM CDT

• U.S. Gulf of Mexico sees burst of drilling activity.
• Shale drillers focus on investor returns.
• Heatwave in India sends power demand soaring to unprecedented levels.

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The first week of May could have brought us a much-awaited paradigm shift, however the markets still appraise the impact of China’s COVID lockdowns amidst the mass-testing taking place in Beijing and the probability of a comprehensive European embargo on Russian oil. With no clear way out for either of those, Brent futures remained range bound, closing Tuesday around $106 per barrel. ...

- Whilst OPEC+ is widely expected to agree to another monthly increase of 432,000 b/d, the widening gap between the oil group’s stated objectives and reality is becoming too glaring to ignore.

- For March, the last month for which official OPEC+ data is available, the discrepancy added up to 1.45 million b/d and is set to only increase in April as Russia’s production went downhill.

- Africa has been a source of headache of its own, with Libya’s key infrastructure blockade trimming some 550,000 b/d from global supply, whilst Nigeria and Angola continue to slide lowed amidst force majeures and terminal declines.

- The IEA’s release of 240 million barrels over the next months and China’s demand falling by as much as 1 million b/d on the heels of its COVID lockdowns have both mitigated demand-side issues, however should demand bounce back in the summer, tightness could be worsening again. ..."

[hedgehog 100] 15/5/2022 10:59

Warren Buffett has been doubling down on O&G investments ... and who can argue with the 'Oracle of Omaha':

"Buffett Is Betting Big On Oil And Gas Stocks

By Alex Kimani - May 02, 2022, 7:00 PM CDT

• Warren Buffett is winding down some of his investments in American banks, favoring energy and technology companies instead.
• Buffett has added new shares in red-hot E&P companies Occidental Petroleum Corp. and Chevron Inc.
• Some analysts believe oil stocks remain undervalued, with the S&P energy sector still lagging far behind its 2014 levels from the last time oil crossed $100 per barrel. ...

For decades, Berkshire Hathaway (NYSE:BRK.B) Chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, favoring retail and banking stocks while giving a wide berth to more volatile sectors such as tech and energy. In fact, big American banks have been Warren Buffett's favorite investment because they are part of the infrastructure of the country, a nation he continually bets on.

As recently as late 2019, Berkshire had large stakes in four of the five biggest U.S. banks, with Wells Fargo remaining Buffett’s top stock holding for three straight years through 2017.

But Buffett appears to have changed his investing ethos quite dramatically over the past couple of years, taking new multi-billion dollar stakes in energy and computer corporations while shunning the banking sector. ...

Buffett has been doubling down on his energy investments while trimming his banking holdings despite oil and gas stocks being at multi-year high valuations. ...

"Energy is the only sector that is seeing quality, growth, and momentum scores improve simultaneously while maintaining an attractive value and income profile," JPMorgan's Dubravko Lakos-Bujas has told Business Insider, adding that current estimates are conservative and understate the strong macro fundamentals going forward.

According to JPM, the energy sector still has considerable upside despite its massive runup over the past year. JPM says that a combination of rapid earnings growth and re-ratings for key multiples will help drive further upside in the sector.

A final note: oil stocks remain undervalued, with the S&P energy sector still lagging far behind its 2014 levels from the last time oil crossed $100 per barrel.

By Alex Kimani for Oilprice.com"

[muddy_40] 14/5/2022 09:20

TYB working two avatars,🤫
29365;🥕365;

[themagicman] 13/5/2022 22:05

Buys flooding in on the Norwegian market. Looks like we have good news coming great day!

[the patriotic irishman] 13/5/2022 21:58

This guy is as stupid as TYB


that's probably because he is TYB 😉

[muddy_40] 12/5/2022 16:56

But whose wheels is getting greased....it is not shareholders

[the patriotic irishman] 12/5/2022 12:06

looks like mls has been proven right again 👌


last trade: 0.778p



which is a lot more than can be said for TYB the tragic magic man and his 2 years of relentless 1.5p, 2p, 3p news coming sooooooooooon 🤡


CFD's eh 😉


oh dear 🥕🥕🥕

[themaglcman] 12/5/2022 08:10

Officerdigby / BG let's hope there is a real smell of News for Zen and it's investors , they want this share price moving with real news . Not ramping by the same idiots on LSE / here .. GLA

[bad gateway] 12/5/2022 07:47

Greasing the wheels seems to be the consensus and seems quite likely imo.

[officerdigby] 12/5/2022 06:41

Indeed BG, as is specifically mentioned this one, a temporary non convertible bond stated to aid developments in Congo.Now why would they suddenly need a wad of cash for Congo right now. When the second tranche of Tunisian money is a month away...What is is so short term and what and relatively high (for now) warrants attached?Secret company supporter II brought inside over need for immediate cash to secure Congo? Perhaps.Or perhaps I'm a BS merchant who's lost his shirt in ZEN.. let's see!

[bad gateway] 11/5/2022 23:35

Interesting question muddy. Seems its their convertible debt they're paying off to avoid dilution.
Not the worst policy imo.


US$2.5 million convertible loan facility (the "Convertible Loan")

The Company is pleased to announce that, following its market announcement dated June 1, 2021, it has now fully settled the liability in respect of the Convertible Loan, having made repayments for a total of US$0.6 million.

Luca Benedetto, Chief Financial Officer, commented:

"We are very pleased to have taken significant steps in reducing our exposure to convertible loan instruments, having made a number of cash repayments to minimise equity dilution.

It is our objective to take further action, in view of our record profitability and revenue generation, to strengthen our balance sheet during the months ahead."