Det hele blir jo bare totalt latterlig når Everfuel, som tapte 2 mrd i 2019, stiger 75% i dag, UTEN nyheter, til en mcap på 9-10 mrd?? Børsen er ren lotto!!

Techkrasjen som venter kommer trekke ned en haug med andra aksjer (alle?) som covid. Da kan vi vare glade at utbyttet er fra 2020 regnskap. Jag håper på timing.... Omtrent når vi får penger kommer det Q tall fra "techgiants". Neste smell blir styggere en noen andre i modern tid. Da det er rekordmye småsparere i tech. Ingen blir gladere en meg hvis de klarer at trekke north ned under krona igen, men jag er skeptisk. vi kan like gjerne se at verdiaksjer får boost av dette. Jag kommer spare krutt til det.

Blir årets julegave hvis du får rett 7218. :-) Gevinsten får vi 2021. Nyheter fra TXP rett om hjørnet.

Vi skal vel se kursen blir kjørt nedover til 1,95 ish, der det venter et nytt innsidekjøp? Har sett samme mønster helt siden NORTH lå under krona.

En går ut ,Bad
Netto ny blir 1. Men jeg tenker det er til helt andre priser :) Mer netto til oss ..

Det som skjer i reach om dagen er minst sagt intressant, 2 nye båter. og vi vet fra før at reach ikke har en masse døtid på båtene ref OPfig. Med en aktiv ledelse som drar nytte av grønne bølgen kan 2021 bli meget lønnsomt for North. Som jag nevnt før, dette blir klondyke for oss med levisjeans til salgs. Uansett hvor godt en vindpark eller gassrigg er økonomisk så skal Reach tjene peng! Gleder meg!

https://uk.advfn.com/common/tweeted/bb/1927528?xref=ADVFNPostTweet

Mount Teide Friday 27 November 2020
The current crisis in T&T's petrochemical sector could actually play into the hands of Touchstone Exploration when its brings its ultra low development and production cost Ortoire reserves into production in 2021 - and so its not surprising the NGC wished to negotiate a contract to purchase Touchstones's entire Ortoire nat gas production.

The NGC are stuck between a rock and hard place as their business is dependent mainly on buying gas from upstream producers like BPTT and Shell and selling gas to the downstream petrochemical industry.

As mentioned previously BP and Shell's offshore Nat Gas field development and production costs have been materially rising over the last decade, so unless the NGC pay the going rate, exportation as LNG, where pricing has rebounded by 350% since the Covid-19 low point in H1/2020, is likely to increasingly offer a more attractive commercial outlet for their nat gas production.


This report in the T&T Guardian from the summer give some good insight and perspective as to the issues, and why Touchstone looks very well placed as a near term ultra low cost nat gas producer to supply either the NGC or the Port Fordtin Atlantic LNG Terminal.

hTTps://www.guardian.co.tt/article/save-the-petrochemical-sector-6.2.1116302.65b93610ce



'Even before the advent of the COVID-19 crisis the local petrochemical sector was reeling from the relatively high price of natural gas and the continued curtailment of the main feedstock into the production of ammonia and methanol.

As far back as 2011, the petrochemical sector was complaining about natural gas shortages that was impacting its average cost of production and the reliability of operations.

The then Minister of Energy Kevin Ramnarine assured that it would be solved by 2012, eight years later the situation is still unresolved.

Speaking at a breakfast meeting of the Energy Chamber Ramnarine said, “There continues to be a shortage of natural gas to the Point Lisas Industrial Estate. This problem is not due to a lack of reserves. It is a result of poor co-ordination. In terms of a solution, there is light at the end of the tunnel. We expect that the EOG Toucan platform would commence production in mid-January to February and that this would provide relief to the problem at Point Lisas.â€

This, of course, proved to be wishful thinking and when the present government took power it found an upstream woefully short of gas behind pipe and a downstream sector eager for supply.

The National Gas Company which has the role of aggregator and was expected to supply the gas to the downstream was short and facing legal challenges. It was also in negotiations with the upstream companies who insisted that they could no longer sell gas at the prices the NGC had been accustomed to and the hikes had to come before they would unlock investments.

The NGC stood its ground insisting it could not agree to the prices being demanded and the situation reached a position where contracts were coming to an end and the Upstream would be under no commitment to supply gas to the NGC.

Enter Prime Minister Dr Keith Rowley, Energy Minister Franklin Khan and Minister in the Office of the Prime Minister Stuart Young. They jetted off to Houston in what they used to call the famous Houston Trip, a phrase that has now been apparently removed from their lexicon.

He met with the leaders of the companies and when the meeting was over the NGC signed an agreement that is now proving to be unworkable.

For the record this newspaper more than a year ago warned that the agreement brokered by the Prime Minister was going to have disastrous consequences. It was a view shared by my colleague Mariano Browne.

The government led by Minister Young rubbished the concerns calling those raising the issue of the price as arm chair experts who did not know what was negotiated, but as they say time is longer than twine, and now according to the chairman of the NGC the government has had to return to the negotiating table. Young has since focused on COVID-19 and has not said a word on the re-negotiation.

It is only group think that could allow the Minister of Energy to defend a price that he must know was not workable and it shows why politicians need to stay out of commercial arrangements.


But we were warned about this eventuality. Renowned economist, Dr Terrence Farrell did a significant study about the state of the petrochemical sector and predicted it could be lost if as a country we do not make the right choices.

In his study he said: “The downstream petrochemicals industry is at a point of inflexion. In a scenario of scarce and expensive gas feedstock, the industry is set for decline and possible demise. Energy policy has not adequately addressed the challenges which the industry now faces.â€

This warning was ignored by the government because in this society when red is the colour of choice all advice that does not come from that colour or is critical of it is seen as yellow and similarly when yellow rises all advice that is not yellow is seen as red.

According to Farrell, T&T has moved from being a high- reserves, low-cost gas producer and the largest exporter of LNG to the United States, to a low-reserves, high cost gas producer exporting LNG to markets in Europe and South America.

He explains that the Gas Supply Agreements with the downstream petrochemicals plants are confidential but essentially involve

(a) a floor price;

(b) a product reference price

(c) product market price

(d) a factor which is applied to the difference between the reference price and the market price when the market price exceeds the reference price.

He pointed out that the intent of the pricing arrangement is that NGC shares some of the upside of rising methanol and ammonia prices during cyclical upswings but the downstream producers have a degree of gas price certainty in respect of the cost of natural gas when methanol and ammonia prices are cyclically low.

“Each of the elements of the pricing formula is potentially problematic. The floor price needs to reflect the cost of gas to NGC from the upstream producers plus the costs of compression, transport and removal of liquids. NGC does not control the well-head price, and development costs of gas have been increasing.

“In addition, NGC purchases gas from the upstream producers on a take-or-pay basis and there is no provision for cushion gas to manage supply disruptions or scheduled turnarounds upstream. As a major source of dividends and tax revenue for the Government, apart from the subsidy which is explicitly given to the power sector, NGC will not price gas to the downstream producers that would result in a loss,†The report read.

It is therefore not an easy solution. Energy economist Gregory McGuire has suggested that the market should decide the price and the removal of the certainty that long-term contracts provide. I agree with McGuire that a T&T natural gas price will provide transparency but I suspect a better way of doing this is indexing the well head price to commodity prices so that there is risk throughout the value chain while at the same time re-examining the role of the NGC.

McGuire was confident that the NGC could survive on tolling fees and making wise investments in LNG, petrochemicals, trading and some upstream and insists that part of the company’s challenge was the raiding of its savings by the past UNC. This is true and I have condemned the party for its role in almost bankrupting the NGC and in its poor decisions in making the NGC lose opportunity with Cheniere Energy and in Ghana. But the problem is deeper and more complex than that.

Often it is difficult to really understand the importance of the sector an Farrell’s report helps us.

Over the ten-year period 2009-2018, revenues from ammonia and methanol (Corporation Tax, Business Levy and Green Fund Levy) ranged from a low of $1 billion (US$156 million) in 2009 when product prices were cyclically low, to a high of $ 3.1 billion (US$489 million) in 2012.

In that regard, the economic impact of the downstream petrochemicals industry is clearly significant. Capital employed in the industry is estimated at US$8 billion. It accounted for 3.4 per cent of GDP in 2017 down from 7.0 per cent in 2012.

“Petrochemicals contributed over 20 per cent of total export earnings since 2011, and it contributes an estimated 15 per cent of the cash inflows of foreign exchange to the banking system. While the downstream petrochemicals industry is not itself an employer of large numbers of workers, it does provide jobs demanding high levels of skill and knowledge that need to match the best in the world in a variety of technical and management disciplines.

Payment of wages and salaries and expenditure on local suppliers and inputs amount to US$400 to US$500 million and local value added amounted to between US$338 and US$415 million.

“Applying an expenditure multiplier of 1.9, local value added by the downstream petrochemicals industry is of the order of $5.3 billion or 3.5 per cent of GDP.

Over the period 2013-2017, taxes paid by ammonia and methanol companies averaged US$300 million/annum,†the report revealed.

According to Farrell these results support the conclusion that existing plants will be earning a lower than target rate of return and/or fail to generate sufficient cash flow when product prices are cyclically low and as gas inlet prices increase.

That the companies have now come to the government for temporary support and the reality that 15 per cent of the country’s production is down at least temporarily if not permanently is cause for deep worry.

Action is needed now to solve the problem before it is truly too late.'

Tweeted By wheniamfree | Retweet

En artikkel om at NGC kan gå tom for penger om to år... Kjøpsanledning for de som vil inn i den.

Hva skjer i txp i dag stor nedgang

Tre skaking i Txp. Da begynner neste legg opp snart når FOMO dukker opp :)

NGC said they would continue to work with all stakeholders to create a sustainable industry both in the short term and longer-term recovery.

The report also noted that in 2020, NGC signed a Framework agreement with Touchstone Exploration Inc and Heritage Petroleum Company Ltd for the development, sale and purchase of all natural gas and natural gas liquids produced from the Ortoire Block and are now in detailed discussions for the execution of a fully termed gas supply contract.

https://www.guardian.co.tt/news/ngc-loses-316m-in-six-months-6.2.1242751.30d1e0d108

Det var uvanlig mye små drypp Jobber i Q4 som kommer inn på Baclog også, slike Jobber er som regel meget godt betalte også.
Vil styrke North og Reach videre dette her nå.

Nå må begge selskapene promotere bedre fornybar satsingene sine på Web sidene, dette er skralt, om en skal klage på noe i det hele tatt :)

Reach 32 % Av Revenue i Q3 var Fornybar ! Helt kolosalt fantastisk...
North Energy også med Abel mf… på Nyutvikling av Havvind , investering ….

Edit : Nå har dem fått inn Vind satsingen i Porteføljen ! https://northenergy.no/investment-portfolio/industrial-holdings/

SUPERT!

Paul Baay hadde alternativer til den gjengen der , sa han. Stoler 100% på Paulemann…

Kan jo bety Delays........om noen bryr seg nevneverdig om det. Dog en mulighet for at TXP ikke vil være like eksplosiv i det korte bildet som ti-årets julegave.

Om det var ironi var jeg nok bare litt for trøtt til å forstå den ;)
Jeg kjøper jevnt og trutt ettersom lønninger kommer på konto. Yield på denne blir latterlig høy om noen år, selv i de nedre deler av forventninger hos Reach og TXP. Det er mine spådommer...

Ja , dem må ha tilgang på store mengder gass for å komme seg opp igjen med Cash . Nå løser TXP dem for dette problemet de neste 40-60 årene.

NGC burning cash, could be in trouble soon........?

https://www.guardian.co.tt/news/ngc-burning-cash-could-be-in-trouble-soon-6.2.1255500.5f60196afc

Sant det Svenis42. Skal vente til etter 4 kvartals rapporten i februar.(Forventer gode, gode tall) Vil da sende noen mailer til finansavisen og E24. Forhåpentligvis vil en av dem skrive litt om oppsiden som ligger i North.

Grunnen til at dem ikke skriver er at dem ikke skjønner eller vet.Går ann og tipse dem.

par uker til operational figures fra reach. der må det vel plane ut snart. er ikke lett at toppe 100% aktivitet :-)

Dette er vel den sikreste aksjen med 5 doblingspotensiale som finnes på Oslo børs. Rart ikke flere er interesserte... Men de kommer vel løpende etter når fremtidige Q-rapporter kommer på plass... 15 dager igjen til boreresultat cascadura deep. Gass avtale når som helst. Blir spennende dager fremover!

tror han er ironisk.

Odi.1, nå motsier du deg selv igjen. Har du solgt aksjene dine nå da? Bakover i trådene her de siste årene har du endret mening flere ganger i takt med egne kjøp og salg. I denne aksjen er det en ting som gjelder, tålmodighet. Stor oppside, next to none nedside.
Det er vel derfor omsetningen er så lav også. Mange tålmodige og noen få utålmodige som selger, deriblant deg.

Det er en del arbeidsplasser på spill og, det er fabrikker (kjemi og annet) som ikke får "fuel" nok. Den nye administrasjonen har kniven på strupen. gassen må komme på plass og txp er nøkkeln til dette.

Om TXP får i land gassavtalen og viser nok en gang hva som finnes på Cascadura, så begynner det å bli såpass store summer at flere begynner å skrive om Trinidad og Tobago 11km fra Venezuela. Royston er boret før. Dette er et funn. Det er den største i denne 4 prospektsboringen.
Etter Royston venter opptil 21 boringer til på Ortoire. Som alle betales av produksjonen som går inn på gassledningen som allerede ligger tvers igjennom lisensen og inn til et gassanlegg som går på halv maskin pga. handelsblokaden mellom USA og Venezuela. Shell eier gassanlegget og lurer på hva de skal gjøre når de ikke får importere fra Venezuela...

De investeringene vi har er stang inn, og vil bli vakre scoringer fremover. :-) Det som stopper scoringene nå, og er stang ut er at ingen meglerhus, E24 eller Finansavisen skriver om potensiale/ verdiene som ligger i North. Inntil det skjer er det bare å handle på tilbud, med sterke rabatter.

Det hade jo bare blitt 1 milliard for north, stakkars! kurs på 10 kr er en fin trøstepremie.

minner meg om denne: https://www.youtube.com/watch?v=NofDpJcuIw8

Det er mer sannsynlig den skal til 1,80 enn 2,80 ,bad
Verdien er bare 400 Millioner uten gjeld, og q3 med bare 53 Mil i resultat , med så mye aksjer som 119 millioner er det mange som skal dele på det lille som er her
Det er heller ingen garanti at Txp går 9 gangen , hva om den kun går bare 5 gangen?? Har dere i det hele tatt tenkt på det...

Ser jo ut som at alt treffer nå, men jag tenker på at de fortsetter boreprogrammet etter royston. de må jo treffe vann eller støv noen gang i karrieren? Royston kan vare mye mindre enn antatt? hvis jag skal vare djevelens advokat. Men det er jo den eneste av brønnene de allerede har påvist gass. men gammel data. ( eller papir i dette tilfelle)

fint for deg hvis du får in noen aksjer på 1,8, men tror ikke du skal holde pusten.

Rabatten ligger rundt 40% og har gjort det lenge.
Uavhengig av hva som skrives på et forum fra minutt til minutt😉

Bare å se på trigger listen i trådstart. Hva tror du går inn og hva blir stang ut?

1,80 neste stopp

Det er TXP vi skal se på nå. gassavtalen gir sannsynligvis 0,8-1 cad. gassbluss 0,25-0,5. siste kursmålet på 3,75 Cad er ikke helt ute.

3,75 CAD skulle betyde 325 mill for north. Med reach, cash og "øvrig" er det kurs på............drumroll....... 4,75! Nå tror jag rabatten fortsetter, men 3,5 på denne siden nyttår er innen rekkevidde, ikke bry dere om dagsform. Da er det bare at fantisere om vad kursen er når royston, coho, chinook, caskadura, og caskadura deep er på pipe. Alle disse kommer vare kjempetriggers. Nå MÅ det vel nesten komme noe dårlig nytt kan jo ikke bare komme godt nytt fra trinidad, men Det blir nok svelget av alle gode triggers. de er nå finansiert på hele boreprogrammet og staten tar infrastruktur, så jag ser 5-7cad i min spåkule for TXP. Jul 2021 blir en fin en! :-)

Ser gjerne at noen tar opp dekkning på aksjen. Prisinga har vart latterlig lenge nå.

Jeg håper den holder seg over 2. Tipper ned mot 2,08 innen onsdag neste uke. Er trett av feilprisingen!

Tror vi får en fin oppgang i dag. Lite til salgs under 2,5. Brytes den er det rett opp til rundt 3 kroner der denne bør ligge...

Høres ut som tilfeldigheter som som er litt for mye tilfeldigheter. Uansett så har de kompetanse i hus. Kult!

Har fått litt hjelp og funnet patenten som oppfinner og daglig leder i wind catcher systems, Nils Asbjørn Nes har.

Kort sagt er tanken mer effektiv samling av energi,mindre vedlikehold og mer hardfør mølle i hardt vær på flytende installasjoner.

At Aibel er med betyr at tanken er god