Market's view on Union Jack
Published on April 2024
- A planning application to flow gas to the existing national grid pipeline has raised concerns regarding the absence of any affected Natural Gas Transmission assets in the area.
- An archaeological trial trench of 600m was proposed, viewed as an alternative to address archaeological concerns with certain projects.
- Egdon has faced criticism for perceived mismanagement.
- Bacon Energy is gaining momentum with expectations of robust trading, especially ahead of significant events.
- Market makers are speculated to manipulate share prices, potentially to accumulate shares cheaply or to prepare for positive news announcements.
- There are noticeable trends in trading volumes, with selling slightly surpassing buying.
- There is a hypothesis that Union Jack Oil (UJO) is shifting its focus to the USA to compensate for less productive UK ventures.
- Observations were made regarding the production rates from NSTA and UJO, highlighting discrepancies and the potential for increased U.S. production.
- Concerns about the pace of planning procedures were voiced, particularly the additional information required by the Environmental Agency, which could delay project timelines.
- Archaeologists have expressed reservations about proceeding with the Wressle planning application until further significant archaeological investigations are conducted.