The price of gas and all that,,,

[Simpo Two]

Gas seems to be the new boom industry - somebody's making money.

Sooooo... can one invest in this area (or related industries) or is it too late to be worthwhile?

[Simpo Two]

bogie said:

I bought some more Shell shares at £10 last year...still good VFM at £16 considering they were £25 prior to Covid

Yep; I sold most of mine earlier in the year because the capital loss was useful. Swings and bloody roundabouts!


Any other ideas for opportunities amongst the panel?

[Simpo Two]

VR99 said:

On a more light-hearted note if you can find a way to either manipulate the physical gas prices or better still have storage for Gas....job done!

Not storage but the opposite - blow up a refinery to put the prices up...

S'funny, I think of Shell as an oil company but I suppose where you get oil you also get gas. But then I haven't heard of Shell Gas...

Seems that this industry has a coal face (no pun intended) where prices go up or down 37% in 3 days, and the rest lumbering along behind. Too complex for me to make direct investment decisions I think.

[Simpo Two]

Mr Overheads said:

Even worse Electric had a 100% swing today!!! 200p/therm to 400p/therm and almost back again. Not surprisingly most suppliers pulled their price books.

'Kinell. Suddenly crypto looks stable.

Should the global energy system really be subjected to such market craziness? It can't always have been this silly.

[Simpo Two]

vulture1 said:

Oil was negative $30 in early lockdown.

I mean historically, not the last 18 months. How much of it is due to the internet I wonder?