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Nadeem Veteran Investor


Joined: 11 Jul 2004 Posts: 639
Cash Points ££ 13955.74
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Posted: Wed Aug 24, 2005 3:28 am Post subject: CNA - CENTRICA - Discussion Thread |
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| Discuss news and views on CENTRICA here |
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cashman Beginning Saver


Joined: 01 Oct 2004 Posts: 49
Cash Points ££ 140.00
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Posted: Tue Feb 21, 2006 2:37 am Post subject: |
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What sparked the recent price rise ? Seems to have shot up from about £2.30 to £2.80 !
Must be another bid story ? |
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Sarah Money Manager


Joined: 16 Jul 2004 Posts: 831
Cash Points ££ 12024.38
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Posted: Tue Feb 21, 2006 4:43 am Post subject: |
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| cashman wrote: | What sparked the recent price rise ? Seems to have shot up from about £2.30 to £2.80 !
Must be another bid story ? |
Its probably due to Centrica increasing the price of gas by 22%
Wholesale gas prices surged yesterday after Centrica, which last week raised prices for British Gas customers by 22pc, said it was not going to re-open the UK's biggest gas storage site for a month.
The news prompted wholesale gas prices to jump 28p to 86p a therm. Forward gas contracts for delivery next winter rose a penny to 73p a therm because of the closure.
Centrica said bad weather had hampered an attempt to get to the Rough facility by helicopter, which meant that it had not been possible to re-establish power with an on-shore generator.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/02/21/cngas21.xml&menuId=242&sSheet=/money/2006/02/21/ixcitytop.html |
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cashman Beginning Saver


Joined: 01 Oct 2004 Posts: 49
Cash Points ££ 140.00
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Posted: Tue Apr 18, 2006 3:34 am Post subject: |
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Well now we know why the price has risen so much !
Gazprom are sniffing around as possible bid for the company !!!
I think £3.30 is achievable if they bid ? |
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Wade Saving Enthusiast

Joined: 17 Feb 2005 Posts: 185
Cash Points ££ 2569.94
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Posted: Sat Sep 23, 2006 3:44 pm Post subject: |
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| I think Gazprom has a full plate dealing with the likes of Shell and sakalin ?, Centrica is in talks with Gazprom about a gas contract for 2010. this would put doubts on a takeover |
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Quinn Saving Enthusiast


Joined: 06 Feb 2005 Posts: 181
Cash Points ££ 2817.02
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Posted: Thu Dec 14, 2006 10:53 pm Post subject: |
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| NO bid so far, given russians antics, I think a bid is unlikely |
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