Perhaps an excellent play with rising Ukraine Gasoline costs:
KUB (CAD) / TPNEF (USD) appears even higher with Ukraine Gasoline costs rising to 18,000 MCM (valuta is UAH). 18,000 MCM in September (Cubic Meters, Earlier than VAT/Taxes) in accordance with the desk on the web site and final quarter was a mean of $6.50 MCF (Cubic Toes, After VAT/Taxes) within the MD&A Q2. This was with a mean 9,400 MCM (April – June) on the web site. That means Gasoline costs shall be up with 66% in Q3 (upcoming numbers) in comparison with Q2. KUB makes use of no hedges.
In Q2 2021 KUB made 500K USD revenue. RK area with electrical energy was solely on-line for half the quarter, 100K revenue, however utilizing the numbers it may be 200K USD so 250K CAD in revenue. Because of this the Gasoline enterprise was 500K CAD revenue with all ‘mounted prices’ included and September is greater than double the Gasoline costs (after VAT/Taxes).
I look ahead to subsequent Quarter (Q3) with the common at 15,600 MCM (July – September) in comparison with 9,400 in Q2. A 66% enhance.
Please use the hyperlink for Ukraine Gasoline costs: https://www.ueex.com.ua/eng/exchange-quotations/
Moreover, they only had an replace to promote their 35% curiosity in KUBGAS (East Ukraine). So they are going to be targeted on clear books, RK area with electrical energy they wish to develop, fuel belongings within the West, whereas having de-risked from the East of Ukraine.
So this needs to be sturdy earnings in Q3 after which clear books when this gross sales deal closes, de-risking from Jap Ukraine. Buying and selling beneath Money and Fairness after this deal.