Fracking Companies on the LSE?
Fracking Companies on the LSE?
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AshVX220

Original Poster:

5,965 posts

220 months

Thursday 27th September 2012
quotequote all
Hi Guys, trying to find a company on the London Stock Exchange to invest in that does Fracking, Cuadrilla don't float yet and all the other companies I can find are abroad.

Does anyone know of a Fracking company that floats in the UK?

Cheers
Ash

bigandclever

14,404 posts

268 months

Thursday 27th September 2012
quotequote all
Enegi Oil plc (LON:ENEG) have a fracking licence in Ireland, don't know if that helps...

AshVX220

Original Poster:

5,965 posts

220 months

Thursday 27th September 2012
quotequote all
Thankyou very much. I'll have a look and see how they're doing.

Fittster

20,120 posts

243 months

Thursday 27th September 2012
quotequote all
Do you only want companies that focus on Fracking? Shell do fracking but I guess there not after oil majors.

AshVX220

Original Poster:

5,965 posts

220 months

Thursday 27th September 2012
quotequote all
Fittster said:
Do you only want companies that focus on Fracking? Shell do fracking but I guess there not after oil majors.
Hi Fittster,
I suppose any company that is (or is planning to) extracting Shale Gas.

bigandclever

14,404 posts

268 months

Thursday 27th September 2012
quotequote all
You might get some success googling for 'shale gas' LSE rather than 'fracking'

AshVX220

Original Poster:

5,965 posts

220 months

Thursday 27th September 2012
quotequote all
bigandclever said:
You might get some success googling for 'shale gas' LSE rather than 'fracking'
Ah yes, thank you, will give that a go, amazing how you get so focussed ona specific term and don't think beyond it! DOH!

AdeTuono

7,626 posts

257 months

Thursday 27th September 2012
quotequote all
Wouldn't you be better investing in the service company that carries out the fracing (sic) procedure? They'll be the ones who should see an increase in revenue, regardless of future production profiles.

AshVX220

Original Poster:

5,965 posts

220 months

Thursday 27th September 2012
quotequote all
AdeTuono said:
Wouldn't you be better investing in the service company that carries out the fracing (sic) procedure? They'll be the ones who should see an increase in revenue, regardless of future production profiles.
I (naively) thought they'd be one and the same. Will look into it some more.

I did however find a suitable company from bigandclever's advice above RE:"Shale Gas" instead of "Fracking".

Mattt

16,664 posts

248 months

Thursday 27th September 2012
quotequote all
British Gas (BG Group).