Jump to content

chas and dave

Members
  • Content Count

    126
  • Joined

  • Last visited

Everything posted by chas and dave

  1. A while back I went through all the LSE energy companies (i think 50+) first looking at their share performance over recent years, electing those that had steadily increased with no great volatility. I then visited their websites to see what they were doing and came up with the following list, which also includes BP and BG for comparison. The first percentage represents how far they would move to retrace 2006 peaks, and the second note is a rough estimate of share price increase over recent years to the 2006 peak. Sterling Energy PLC 76.5% 4x steady increase over 3 yrs Emerald Energy PLC 69.1% 6x over 3 yrs, fairly steady JKX Oil & Gas PLC 62.4% 16x in 3 years steady to May 06 Imperial Energy Corporation PLC (Siberia) 62.3% 20x over 3 years to spring 2006, steady Cairn Energy 49.3% 5x in 3 years, fairly steady to May 06 Dragon Oil PLC 38.0% 6x over 3 years, steady to winter 06 BP PLC 32.3% 0.75 over 4 years, steady to May 06 Burren Energy PLC 27.7% 6x over 3 years, steady increase to Dec 06 BG Group PLC 25.8% 3x in 4 years, steady to May 06 Tullow Oil PLC 24.3% 4.5x very steady increase over 4yrs Dana Petroleum PLC 18.2% 9x over 4 years SOCO International PLC 14.0% 5x fairly steady increase over 3 yrs Venture Production PLC 4.3% 5x over 4yrs, very steady and carrying Premier Oil PLC -12.6% 5x increase over 4 yrs - steady I just wonder when they may start becoming good value, or attractive to value investors. How far can they go in becoming cheap and unattractive because of downward momentum in the energy sector and warm weather? BP looked unattractive because of it's comparatively sluggish growth over recent years, and now production declines with many reasons. Many of the above are still falling, with Imperial being exposed to Russia. I haven't done any homework yet on energy sector service companies that are being highlghted by Jim Puplava, DrB etc. Any comments on these or others welcome.
  2. chas and dave

    Thinking about Electricity Storage

    Vycon flywheels This thread has some good posts about flywheels. I read over the weekend about this flywheel company that may come to AIM soon. From the energy conservation perspective, I can imagine vehicles, wind turbines and other moving machinery would really benefit from this, an I suppose it hasn't happened because energy has been so cheap. It would seem especially useful to tie up with a wind turbine. Are these in use, or do the turbines have re.atively small flywheels with direct energy production rather than storage? What also occurs to me is how plain stupid we seem to throw away fossil fuels so readily. Bring on higher prices ASAP. Malco is usually good on these questions.
  3. chas and dave

    Gold Comments : for 1st Half-2007

    Go buy > Hidefield Gold Terrane Metals Trade Winds Venture La Mancha Resources New Island Res Golden China Resources Corporation (needs EST) Otherwise, my gold shares are doing OK, silver a bit sleepy. Looking to invest a little more perhaps in silver - and need to do a little more homework.
  4. At the moment I feel OK as a UK investor in energy trusts in an ISA (as part of a diversified portfolio). I learnt about them firstly through this site, so feel I should keep an update going. Only time will tell if energy is presently expensive or cheap compared to months and years down the line. My total investment in 8 companies over the last 2-3 months is presently around cost price, and top of his minileague is harvest energy with a 7% gain in share price, c15% net income, whilst income has been constant since feb 06 throught to next two monhs. I took the path of investigating how regular the income payments have been to date, whether the company has a policy to try and ensure constant payments taking into account energy price fluctuation, plus I ook a serious look at growth and development history and prospects, and life of resource. At the time of buying these had 10-18% incomes, but the best will have diminshed with recent increases in share prices. My list is as follows Harvest Energy Trust Trinidad Energy Services Income Trust PrimeWest Energy Trust CCS Income Trust Fording Canadian Coal Pengrowth Energy Trust Penn West Energy Trust Enerplus Resources Fund
  5. chas and dave

    Anyone buying oil at the moment?

    I've bought a few Canadina Enbergy Trusts via TDW, and have received some dividends. Worked easy and I've invested relatively small amounts in the following Harvest Energy Trust Trinidad Energy Services Income Trust - PrimeWest Energy Trust CCS Income Trust Fording Canadian Coal Pengrowth Energy Trust Penn West Energy Trust Enerplus Resources Fund most are presetly in positive territory, apart from enerplus Watch for falling dividends as per another thread.
  6. chas and dave

    Gold bullion accounts

    BV's been great for me. Now > capital gains - if you sell gold bulliong from BV to realise a gain, and then go invest straight off in goldmoney, or a gold etf, or Central Gold Trust or krugerrands - would that be viewed as a new and different investment, or would the tax office view it as the same investment, therefore gains would not be relaised if reinvested within 30 days? (mostly I am able to spell OK)
  7. I've walked my local roads of north london recently, key dates being a week after the yellow pages was delivered to doorsteps, the other being 24 and 48 hrs after the recent snow fall. The yellow pages sit on the doorsteps uncollected, the snow sits on the roofs of the unheated empty houses - and on my super insulated house by the way. Put together with and confirming what I know of the local housing, these visits indicate 10% of the family houses in my road are empty, with 5% long-term (one ten years, another nearer 25 years!) - I counted a possible/probable 50 in the local half a dozen streets that likewise seem a fair bet for being empty, and this sis supported by the number of uncollected yellow pages and draw curtains - this would be less than the confirmed percentage for my own road. Many of these are empty houses I know have never been rented out. An interesting situation that I wil be doing more work on - with a morning walk prior to rubbish collection. Here's my roof, and further along a property now empty, and another empty but with heating. I wonder if these properties are being prepared for spring sale? Get a life C&D!
  8. chas and dave

    oil and gas service

    (companies to llok at?) I was interesed in investing a little in energy service, and the following companies seemd to have fairly steady growth and share price increases over recent years, and are well off year highs. The two income trusts seem to have a good combination of growth & dividends. Trican looked most attractive to me, with a global presence including lots of fracturing - ie working in the Russian market but without perhaps long-term sunken resources. Trican Well Service TSX TCW.TO Ensign Energy Services TSX ESI.TO Savanna Energy Services TSX SVY.TO Trinidad Energy Services Income Trust TSX TDG-UN.TO CCS Income Trust TSX CCR-UN.TO I haven't dug up offshore service companies yet, other than SubSea7 http://www.subsea7.com/ Anyone got any offshore service companies to investigate? other energy comments Biofuels Corporation finally moving a little upward. Stlll a nice loser for me. Uramin continuing its upward momentum presently.
  9. chas and dave

    Ambrian merges its Mining assets

    21 December 2006 Suspension of trading On 23 November 2006, Palladex plc (AIM:PLX:L) ("Palladex" or "the Company") announced that it had signed a heads of agreement with Ambrian Capital PLC (formerly Golden Prospect PLC) and Ethiopian Resources Limited to acquire companies and exploration licences in Ethiopia, Sierra Leone and Madagascar in return for the issue of 50,000,000 new ordinary shares in Palladex. Following the determination that the proposed acquisitions may constitute a reverse takeover under the terms of the AIM Rules, trading in the ordinary shares of the Company will be suspended pending the publication by the Company of an admission document. It is expected that such admission document will be published early in 2007. ########## How long do these things usually take.
  10. TERTIARY MINERALS was suspended on AIM since Jan 10 I've read the official notes, but does anyone have any additional info or comment on this? The resource had a strong uranium element, but a recent note suggested the Saudi licence did not include uranum production.
  11. When looking at uranium related companies What percentages would be suggested to spread risk between - explorer - resource developer - near production - producer - service - geographical diversity (including Asian opportunities) and - uranium commodity investments - eg nufcor, uranium participation How to evaluate companies with resources 'in the ground' - when I looked at this market back last summer, Uramin on AIM (now also TSX) was a near producer that appeared by my poor calculations to have by far some of the cheapest resource (in terms of simply dividing market cap by Ur). Uramin's fairly recent web presentation subsequently outlined this still to be the case, and with further positive work in exploration & development. Of my uranium investments, I am hoping I can view 75% of total worth as longer term investments rather than speculative exploration stocks.
  12. chas and dave

    Gold Comments : for 1st Half-2007

    GOLDEN CHINA RESOURCES CORP responding well down another 4.17%
  13. chas and dave

    Gold Comments : for 1st Half-2007

    Hopefully this is of longer term interest to gold nutters. http://www.kitcocasey.com/displayArticle.php?id=1183 The Daily Resource 1/24/07: By Doug Hornig January 24, 2007 'From a Monday press release put out by metals dealer Blanchard and Co.: “After months of inquiries and a hotly debated, in-depth position paper by its economic research unit, Blanchard and Company has learned that the International Monetary Fund has adopted a landmark accounting change to the way Central Banks account for their gold loans, giving this sector of the commodities market more transparency than it has ever had, the precious metals market leader announced today. “ ‘This is a huge step forward for the precious metals market and a major victory for the gold market investor,’ said Blanchard Chairman and CEO Donald W. Doyle, Jr. ‘Not since the Washington Agreement on gold in 1999 and the legalization of gold ownership for Chinese citizens in 2004 has there been such an important event in the advancement of the gold market.’ -- -- GATA’s Bill Murphy, writing on LemetropoléCafe.com, was quick to react: “Without a doubt, should the central banks reveal the amount of gold they have loaned out, this will rock the gold market like nothing else in its history. IMO the price could double in a very short period of time, as market participants begin to understand THE GOLD IS GONE. Now, we wait and see if this comes to pass.” ########## then a coupe ofpdfs rom IMF discussing this during 2006 Title: Issues Paper (RESTEG) #11, Treatment of Gold Swaps and Gold Deposits (Loans), Prepared by Hidetoshi Takeda, April 2006 - Reserve Assets Technical Expert Group (RESTEG) undefined III. POSSIBLE TREATMENTS 13. The new Manual should include a clearer description of the treatments of gold swaps and gold deposits/loans by introducing relevant text already available in the Guidelines. 14. Regarding the statistical treatment of gold swaps, its treatment should be consistent with that of other reverse transactions, as presented in paragraph 7 above. Thus, swapped gold should be excluded from both reserve assets and IIP (demonetization). This is a logical consequence, and overstating of reserve assets can be avoided. On the other hand, this results in a decrease in the financial assets of the monetary authorities.15. Regarding the statistical treatment of gold deposits/loans, keeping the status quo is suggested. That is, if the deposited/loaned gold is available upon demand to the monetary authorities, it can be included in reserve assets as monetary gold (paragraph 99 of the Guidelines). However, if the gold is not available upon demand, it should be removed from reserve assets, and also from IIP (demonetization). Then http://www.imf.org/external/np/sta/bop/pdf/resout11.pdf IMF COMMITTEE ON BALANCE OF PAYMENTS STATISTICS RESERVE ASSETS TECHNICAL EXPERT GROUP (RESTEG) ___________________________________________________________________________ OUTCOME PAPER (RESTEG) # 11 TREATMENT OF GOLD SWAPS AND GOLD DEPOSITS (LOANS) Prepared by Hidetoshi Takeda, IMF Statistics Department July 2006 The views expressed in this paper are those of the author(s) only, and the presence of it, or of links to it, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers. 2 RESERVE ASSETS TECHNICAL EXPERT GROUP (RESTEG) OUTCOME PAPER (RESTEG) #11 (1) Topic: Treatment of Gold Swaps and Gold Deposits (2) Issues: See RESTEG Issues Paper #11 (3) Outcome of the Discussions: (i) RESTEG agreed to include a clearer description of the treatment of gold swaps and gold deposits/loans drawing as appropriate on the relevant text in the Guidelines. (ii) RESTEG considered that the statistical treatment of gold swaps and gold deposits needed to be addressed from the viewpoint of whether allocated or unallocated gold was involved. (iii) For instance, one member noted that treatment of gold deposits set out in paragraphs 98 and 99 of the Guidelines needed to be reviewed, as treatments differ depending on whether unallocated gold and allocated gold is involved. (iv) RESTEG agreed that the statistical treatment of gold deposits/loans of allocated gold should be status quo. That is, if the deposited/loaned gold is available upon demand to the monetary authorities, it can be included in reserve assets as monetary gold (paragraph 99 of the Guidelines). However, if the gold is not available upon demand, it should be removed from reserve assets, and also from IIP (demonetization). (v) The meeting was informed that gold swaps primarily involve unallocated gold. (4) Rejected Alternatives: None. (5) Actions: It was agreed that the secretariat would investigate further. The work would include appropriate bilateral discussions to discover practices on gold swaps and deposits/loans among central banks, especially those via unallocated gold, and prepare proposals on their statistical treatments for RESTEG discussion through correspondence prior to IMF Committee on Balance of Payments Statistics (BOPCOM) meeting.
  14. chas and dave

    SXR Uranium

    SXR has risen to 16, but just recently fell back on the following to around 13 - TORONTO, Jan 8 (Reuters) - Rio Tinto (RIO.L: Quote, Profile , Research) (RIO.AX: Quote, Profile , Research) has decided not to sell its Sweetwater uranium mill and other U.S. assets to sxr Uranium One Inc. (SXR.TO: Quote, Profile , Research), citing significant and unexpected changes in the global market for uranium, sxr Uranium One said on Monday. http://yahoo.reuters.com/news/articlehybri...News&rpc=44 Is now a producer
  15. chas and dave

    The BP thread

    BP looking a bit peaky? - energy-wise
  16. chas and dave

    The Oil and Energy Price Thread

    Russia cuts off oil exports to Belarus 08 January 2007 18:00 Russia has shut off crude exports to its western neighbour, Belarus, in a trade row that has halted supplies to Poland and Germany. Russia's pipeline monopoly Transneft claimed that it was forced to act because Minsk had been siphoning off oil illegally as payment in kind for a new oil shipment tax. The company says the charges are illegal. The European Commission said the cuts posed no immediate risk to European supplies but it was seeking an urgent explanation from Belarus and Russia. http://www.rte.ie/news/2007/0108/oil.html http://top.rbc.ru/english/index.shtml?/new...85027_bod.shtml
  17. chas and dave

    Uranium: Price is booming

    http://www.rcresearch.com.au/documents-info The last free abridged report fromr Resource Capital Research was excellent and I've just been alerted to this companies new report. 'Abridged Report: (Free of charge) A critical overview of the uranium sector from a global perspective, providing useful investment analysis and valuations. This report reviews activities and assesses projects for a range of uranium exploration and development companies predominantly listed in Australia, Canada and the USA.'
  18. Has any of you UK-based investors received an income payment from a Canadian Income Trust? I've read the TSX details about taxation for foreign stock holders, but wondered in practice, could you confirm how tax was treated? Even without some of the potential retracements of an average of 50% to yr highs, the price earnings and income levels of these seem attractive for some diversity of exposure to energy. pe income Fording Canadian Coal 6.2 13.7 PrimeWest Energy Trust 6.6 12.0 Penn West Energy Trust 8.5 10.9 Pengrowth Energy Trust 8.2 15.5 mean 7.4 13.0 But the article above, possible year-end selling, and further changes make it uncertain. however the suggestion in the article that CITs may be buy targets sort of contradicts the long-term gloom and doom. Aren't these still energy related producers with low PEs? PE, imcome after tax and possible lows still SEEM attractive. Don't know. I have a selection of UK traded geographically and size diverse energy COs, and had thought some of these would be a good addition. Any more comments welcome.
  19. chas and dave

    Gold: the Bull's thread

    Yes Yogi - when? The £ seems well-managed to stay in-line with the Euro for several years past. I haven't found a convincing reason why the UK will not follow the US in terms of housing & debt & economy? One year behind? (apart from the Russians are coming for housing). I was just trying to rate my various investments in terms of risk - how can I rate the cash £ as low risk? Apologies for cross-posting re £ savings & inflation etc - however 12% gold is nearer 14% M4 than 5% savings rates. ################# "Gold sales on the Chinese mainland gained three percent in the third quarter, boosted mainly by surging demand for investment bullion, the China affiliate of the World Gold Council said yesterday in an industry report. Sales totaled 62.9 tons in the third quarter, including jewelry and investment bullion, the gold advocate said." A shop assistant shows a pair of "gold pigs" at a store in Hangzhou, East China's Jiangsu Province, November 28, 2006. The pig ornament is priced at 1,080 yuan (US$138). Pig ornaments are becoming popular in China as next year is the Year of the Boar, according to the Chinese traditional lunar calendar http://www.chinadaily.com.cn/bizchina/2006...tent_745864.htm
  20. chas and dave

    Gold: the Bull's thread

    The gold and silver movements and stresses in the charts on KITCO are amazing. The last 3 hrs of silver - have you seen anything like that before? And the funny old hits down on gold every few hours, then each time a steady return. How do the chart experts interpret those shapes? All the while the dollar is slipping slipping slipping So clear but this amateur must be wrong. It's entertaining.
  21. chas and dave

    Ambrian merges its Mining assets

    Thanks for this info. As general background info, I have this pasted in my notes, probably from what was Golden Prospect website: Management fund for metal industry. GP’s Managed Portfolio at end December 2005 consisted of the equity securities of 92 publicly-quoted junior resource companies valued at £20.8m. and on Palladex Palladex ...... high quality gold and silver deposits being surveyed in Krygyzstan fomer USSR, over 24 months shares down from 20 to 2~4, now rising - spread 35% JORC-compliant Mineral Resource at the Company’s Aksur project, Krygyzstan, using a 1 g/t Au cut-off, of 480,000 tonnes at 6.2 g/t gold and 190 g/t silver, equating to 95,000oz of gold and 2.9moz of silver.
  22. chas and dave

    Late August Watch-list

    Any comments on these two Columbus Gold Corporation Minco Silver Corp And Nautilus Minerals with Anglo American PLC and Barrick Gold as significant shareholders may not be cheap, but interesting company sampling the seabed http://www.nautilusminerals.com/s/Home.asp
  23. chas and dave

    SILVER

    http://www.thesilverxchange.com I am told arrives marked marble object or suchlike, good service, and batman free.
  24. United Solar Ovonic is a wholly owned subsidiary of Energy Conversion Devices. ECD seems to have a fine range of alternative technologies, however the thin film solar panel production is being ramped up with two factories - a continuous-stream kind of production technique. The company seems to be getting installations int oEurope and it looks good to me. Cheaper, relatively hard to damage & flexible. There are a good number of example installations linked to these pages. ECD info can be read here ~ http://www.ovonic.com/eb_so_solar_overview.cfm Plus solar images here ~ http://www.ovonic.com/me_images_solar_contact_sheet.cfm And solar specific uni-soalr with illustrated projects here. http://www.uni-solar.com/
  25. chas and dave

    Late August Watch-list

    I have about 10 small investments or so now in mining related companies (in addition to physical and some general resource funds & NUF etc), and from a novice point of view ~ of those, Cambridge, Uramin & Silver Wheaton are doing well overall recently. Mawson seems erratic, but I have now made a small investment, and enjoyed their podcast linked on their site. Euromax, Mediterranean and Galantas look interesting, if very volatile. Minco looks unpopular and very low (silver and zinc). I tried to invest in Jinshan Gold Mines recently, but the TD Waterhouse site just wouldn't load the stock into the buying window, and I didn't get around to phoning my order in. Doing 7+% today. I think I'll sit back and watch for a while, and try to find time for some more studying of the suggested names, although I've done stacks already, mostly linking from valuable comments here. I suppose I should go for a few more, but I just got a little held up doing the study and setting up period. One of the gold charts posted a while back seemed to be forming a V shape towards the US election date, and now gold and silver seem to be reacting, as does the energy sector. Who knows, but it all looks somewhat jittery now.
×