Any thoughts on the company?


Red line 200 MA

24 Mar 2015 "Deutsche Bank cuts Centrica to 'sell' from 'hold', target cut from 280p to 225p"

op they can have mountings of gas BUT if they charge the highest price for it they will not sell it.
eon is cheaper than bg fact

TANKER, I was with EON at one time and their customer service was terrible. I am not with BG but I have more confidence than you in the ability of Centrica to sell the contracted gas..as they have done with the previous contract over the last 10 years.

Centrica plc's North American subsidiary, Direct Energy, has agreed to acquire a package of liquids-rich natural gas assets located in west central Alberta (the Carrot Creek Assets) from Encana Corporation (Encana) for C$58m (GBP37m) in cash. As part of the transaction Encana will also receive from Direct Energy a number of gas producing wells and related infrastructure in southern Alberta.


The Carrot Creek Assets include 80 producing wells, associated infrastructure and a gas processing plant with natural gas liquid extraction capability. The transaction will provide Direct Energy with a net additional 25.6 billion cubic feet equivalent (Bcfe) of proven and probable reserves, an increase of approximately 4%, split 42% gas and 58% liquids. The resulting net increase in production will be 6.2 million cubic feet equivalent per day (MMcfe/day).


Carrot Creek is located 160 km west of Edmonton and lies adjacent to the successful Cardium oil development in which Direct Energy is already involved. This acquisition represents a unique opportunity to invest in a liquids-rich, multi-zone area that has significant development potential, deploying the same horizontal drilling techniques currently utilised by Direct Energy.


Chris Weston, President and CEO of Direct Energy said: "The acquisition of the Carrot Creek Assets is an attractive opportunity to grow our North American upstream gas business while exiting some non-core positions in southern Alberta. This represents both a valuable addition to our existing reserves and offers the potential to develop significant resources."


This acquisition marks the latest stage in the growth of Direct Energy's upstream business. The company has been active in the Western Canadian Sedimentary Basin since 2000. Last year it acquired ownership of natural gas assets in the Wildcat Hills region of Alberta, increasing its natural gas reserves by approximately 60%. During 2011 Direct Energy has also seen its customer demand grow steadily, adding nearly half a million new customer accounts through the purchase of the New York-based energy retailer Gateway Energy Services and the addition of First Choice Power in Texas.

Wee punt on the spreads in today @284.3 (March contract)

http://bit.ly/yfeTzZ

Overcooked gloom makes Centrica good long-term play: Centrica was the worst-performing utility group in terms of...

GF - these have been on my buy back list for a while TP sub 280 (which may have gone for a while). 10p+ divi to come in May.

profits will be down over 20% due to warm weather .

TANKER, not so warm in Yorkshire, my usage not down 20%

op move south nice weather and about 3% warmer in the winter .
hope you are well ,

Thanks TANKER but got a bad cold....it's the bl**dy cold up here!

op . buy local honey and a spoon full a day .
and then go to holland and barrett and buy zinc take
one ever day cost about 400p a year no more colds .

And end up with diabetes and zinc related toxicity problems!
"Taking zinc syrup, tablets or lozenges can lessen the severity and duration of the common cold, experts believe.

A review of the available scientific evidence suggests taking zinc within a day of the onset of cold symptoms speeds recovery.

It may also help ward off colds, say the authors of the Cochrane Systematic Review that included data from 15 trials involving 1,360 people.

But they say zinc cannot be used long-term because of toxicity concerns.

Excessive amounts can cause nausea, vomiting, abdominal pain and diarrhoea."

harry i have taken one ever day since i was 10 now 64 and fit as a 30year old
the body needs zinc llok again

A balanced diet and regular exercise is all that's needed for most healthy individuals. Supplements just get discharged in the normal way and a complete waste of money, imo. Also, there is nothing wrong in the body having to occasionally combat virus's and germs. Your healthy diet & exercise lifestyle should cope with them.

harry i do agree with you but not all people can get exercise .
myself i am fit but my mother said take zinc she died at 92 and
she died by going into hospital . avoid hospitals if you can

"avoid hospitals if you can" - good advice :-)

....healthy debate :-)
I do take Omega 3 and multivitamins, buy mine from Healthspan Guernsey...oh garlic as well, had no trouble with vampires for years ;-)

Back to Centrica, sp firming recently, always good to see (except for the shorting community)

op div is good but profit margins are going to be poor due to the weather ,
good luck

As mentioned earlier, I've been looking for sub 280 for a while - now looks like I'll be waiting a while longer!

Opto - apparently a rub down with a bad woman is good for your health - still waiting for one of those also!

skin then get down here in cornwall