The IAG share price has jumped 40% this week. I think it could soar further

first_img “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: British Airways Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The IAG share price has jumped 40% this week. I think it could soar further At the end of last week, International Consolidated Airlines Group (LSE: IAG) shares were down 84% since the beginning of the year. The reason is clear. The aviation business has been almost halted by the Covid-19 pandemic, and all airlines are suffering badly. But on Monday, after the latest vaccine news, the IAG share price was one of the biggest FTSE 100 winners on the day with a 25% jump, behind Rolls-Royce‘s 44% leap.Social distancing might be helping a lot of businesses stay open. But keeping passengers further apart on aeroplanes is potentially crippling the business. And that’s with very few flights operating in the first place. Getting the airlines back into health needed a medical breakthrough. And if the claimed 90% efficacy of the new vaccine turns out to be dependable, we could be at the turning point.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…IAG share price still risingThe markets currently appear very bullish. And further gains have catapulted the IAG share price to a 40% plus gain by midday Wednesday. Now, I’m trying to decide whether IAG is a buy right now, or whether it’s still too risky. I’ve had a long-term dislike for airlines for many years, based on a number of things. Firstly, there’s little or no differentiation in the provided service. The vast majority of flyers choose their carrier solely on price.Additionally, airlines have little or no control over key external factors. The most obvious is fuel prices. In recent years, oil has been relatively cheap. But any significant rises could put a lot of pressure on the IAG share price, among others. Obviously, external factors like global pandemics are even harder to predict.But though I don’t much like airlines, even the IAG share price surely has a level that says ‘buy’, doesn’t it? So should I put my long-term aversion to the sector aside and buy in for a potential short-term profit?We’re not there yetI’ve already spoken of some of the hurdles that still lie in the path of mass vaccination, so I won’t repeat them here. But we do need to remember that the pandemic is by no means all over yet. Still, if airlines can keep going until business does pick up, I think the IAG share price could end up looking like a bargain today.On the survival front, I’d say IAG is currently looking good. It’s already raised funding, in a £2.5bn rights issue that saw demand outstripping supply. I reckon it’ll still take until the spring at the earliest, before we find out whether a mass return to jetting off to sunny places is on the cards. Or it might even be later, pushing well into the summer. But IAG should be fine until then. And even if it did need more funding, there seems to be plenty of appetite for it.If I didn’t have my long-term block on investing in airlines, I might well buy IAG shares now. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Alan Oscroft | Wednesday, 11th November, 2020 | More on: IAG See all posts by Alan Oscroftlast_img read more

Coal financing quickly drying up worldwide—analysts

first_imgCoal financing quickly drying up worldwide—analysts FacebookTwitterLinkedInEmailPrint分享Reuters:Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping the world, participants at Asia’s biggest gathering of the coal industry said on Tuesday.The exit from coal by big international banks and government-backed agencies, which has accelerated this year, is likely to push coal companies to use offsets to get funding and listed ones to go private to avoid shareholder pressure as the dirtiest fossil fuel is increasingly shunned.With insurance companies, banks and other financiers pulling out of coal “we are seeing a real tide of all these forces moving in capital markets,” Lachlan Shaw, head of commodities research at ANZ, said at the virtual Coaltrans Asia conference. “What’s changed more recently is we have seen China, Japan and South Korea all commit to net-zero carbon emissions targets,” he said.Carbon trading and offsets will become important tools companies to get finance for new projects, so they “can go to the financial markets and say we have a package here that is totally offset from a carbon emissions point of view,” he said.Shaw said he expects more public listed companies to go private as shareholders focus more on the risks to investments from coal.Even cleaner projects such as a coal gasification plant in Indonesia under consideration by coal miner PT Bukit Asam will struggle to obtain finance, said Ben Lawson, vice-chairman of the Djakarta Mining Club and chief operating officer of PT Sandman Coal Indonesia. “Even though gasification is the cleanest way of extracting power or downstream product for coal, its still coal,” he told the conference. To get financing, “I think its going to be a hard sell.”[Aaron Sheldrick and Fransiska Nangoy]More: As more countries pledge zero emissions, coal finance evaporateslast_img read more