UK Stockmarket 2009 and beyond

tradetime

Interesting angle on coal STT, but how much is baked into the price already?
I was long KOL a coal producers etf, for a while, and made a nice profit, but left a lot on the table, clearly didn't appreciate how much potential it had.

bobbyj_2

A reminder from Money Week

(LSE: COV). Cove Energy has Tanzanian gas interests, but it is Mozambique, especially the off-shore prospects, that are really exciting. The firm hold an 8.5% interest in the Windjammer well, where a significant gas discovery was recently announced. The well, with estimated gross resources of four trillion cubic feet of gas, was drilled at a cost of close to $100m. That's on the steep side, but future prospects are expected to be markedly cheaper. Industry giant Anadarko (with a market capitalisation of $35bn) is running the project and has secured a state-of-the-art deepwater rig. It is now planning up to a further five deepwater wells following the Windjammer success.

Naturally, Cove Energy's management wishes to ensure that ample working capital is available from raising new funds so that the company can continue to maintain its interest in such a potentially exciting drilling programme. We agree that the outlook is promising and investors should stock up on the shares.

cloud_dog

tradetime wrote: »

Interesting angle on coal STT, but how much is baked into the price already?
I was long KOL a coal producers etf, for a while, and made a nice profit, but left a lot on the table, clearly didn't appreciate how much potential it had.

THe big benefits have lain (so far) with the coking coal (and to some degree PCI) producers, the thermal producers haven't really benefitted hugely, although prices for thermal have still increased.

I am a tad dissapointed :mad: in my chancing of the ETFX Daxglobal Coal Mining ETF. I commented a couple of months ago that I was going to go with CDN but thought I'd give a coal focussed ETF a go well..... ETF is up, precisely not much, CDN up 50% - hey ho.

bobbyj_2

KDD holders

Times comment Saturday day:

"Kopane Diamonds Developments, up ½p at 12p, is still in takeover talks. The word is that 18p a share is on the table, but Frank Scolaro, chairman of the Lesotho diamond miner, wants 20p a share to sell.@

http://business.timesonline.co.uk/tol/business/markets/article7100307.ece

DiggerUK

2010 and beyond,
Digger Mansions portfolio is little unchanged apart from 2 parts gold, and 1 part NSI Index Linked. Our reduced Cash ISA's are alongside our Premium Bonds as rainy day/everyday funds.
That being said we are looking to take a gamble with spare, and have been eying up wheat and coal.

As coal has been mentioned here a couple of times I'd like some more opinions. Our interest has come about because of the worlds desperate need for electricity, and our rejection of the green nonsense. STT's link to the Telegraph article is one of many similar reports that have got us thinking coal is still Royal, even if it is no longer King.
Only judgement we have to make is as to whether this fatted calf is about to go on a lean cuisine diet with the dividends. Gut feeling is no, but views sought.

Our interest in wheat is because of the reduced crop yields in the southern hemisphere due to drought, and the projected drops in northern hemisphere yields due to the longer, colder, and wetter winter. Add to that, the fact it is not just used in bread, but is a major ingredient in all processed foodstuffs, and maybe you see my thinking. But again, has this fatted calf gone to slaughter.

Many thanks.

cloud_dog

Digger, and there they (rewired) goes again. Its uncanny thats what it is.

DiggerUK

cloud_dog wrote: »

Digger, and there they (rewired) goes again. Its uncanny thats what it is.

It's love.

[Deleted User]

ash could be spewing out for months and if so is likely to be a massive negative trigger

DiggerUK

kittie wrote: »

ash could be spewing out for months and is likely to be a massive negative trigger

Short term, yes, but don't overlook the massive available capacity in container space on ships, trains, lorries and coaches.
Hoomans is nothing if they ain't adaptable.

Meantime, what about my bloody coal and wheat.
Thank you very much.
XXX

cloud_dog

DiggerUK wrote: »

Meantime, what about my bloody coal and wheat.
Thank you very much.
XXX

Digger, I have been invested in coal for a while now with my primary investments (WTN and CZA) benefitting greatly from the recent resurgence.

You may want to look back at some of my previous posts as they contain some links / info:

• 1718
• 1893
• 2019
• 2021

Whether now is too late to get on the bandwagan I'm not sure. for example...
* WTN @423p (got in at 35p) still has room for more upside (possibly as much as 40%).
* CZA @151p (bought in at 38p) has all the ingredients to rise significantly

As mentioned on a previous post I invested in the ETFX Daxglobal Coal Mining ETF which hasn't really replicated the rises I've seen in my coal stocks so, I am looking to exit that and re-invest in CDN (currently about 55p) if it drops below 50p/51p.

Re Wheat, yes I think agriculture is another place to be longer term. Currently doing this via OIECs / UTs (Sarasin Agrisar, Baring Global Agri, and CF Argri).