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United Energy Group Anticipates Turnaround to Profit in 2024
UNITEDENERGY GP (00467) issued a profit warning, expecting the annual Net income attributable to Shareholders to be approximately 1.4 billion Hong Kong dollars to 1.65 billion Hong Kong dollars, turning from a loss to a profit year-on-year.
UNITEDENERGY GP (00467) announced that the group expects to record results for the year ending December 31, 2024...
Express News | United Energy Group - Expected Result Due to One-off Oil and Gas Reserve Impairment in 2023, Others
Express News | United Energy Group Ltd - Expected Net Profit for 2024: HK$1,400 Million to HK$1,650 Million
UNITEDENERGY GP: POSITIVE PROFIT ALERT
Are Global Henry Hub Natural Gas prices about to rise? A significant increase in import volume is anticipated for Europe's summer procurement.
① Europe is experiencing a cold wave this year, coupled with the cessation of Henry Hub Natural Gas transit through Ukraine, leading to a drop in the region's natural gas inventory to 37%, far below the 60% of the previous two years; ② It is estimated that Europe needs to import an additional 250 batches of liquefied natural gas to replenish inventories to 90% before November; ③ On the other hand, the International Energy Agency warns that the liquefied natural gas market will continue to be tight this year, which will strongly support natural gas prices.
