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Fund Manager Chris Bailey talks about an opportunist 2017 for investors Watch here

Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Lgo Energy Share Chat (LGO)



Share Price: 0.1388Bid: 0.1375Ask: 0.14Change: 0.00 (0.00%)No Movement on Lgo Energy
Spread: 0.0025Spread as %: 1.82%Open: 0.1325High: 0.1513Low: 0.1325Yesterday’s Close: 0.1388


Share Discussion for Lgo Energy


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jcgswims
Posts: 333
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.1388
View Thread (3)
RE: Trinidad to unveil new oil & ga..
Mon 22:30
Expanded from RRR's link

"He also noted that changes were also coming regarding the Supplementary Petroleum Tax and observed that while he was “very happy” that the price of oil was over US $50 per barrel, noted that some oil companies were “very unhappy” as their profit margin decreased at $50 per barrel.

“The way the SPT works is that it kicks in immediately at $50 so you have a situation where a company generally the smaller to medium sized company, can be profitable at $49 but as oil crosses $50 and goes into $52 and 53 and 55, the company has told us that they actually make less money between $50 and $60,” Imbert said, adding, “that means we now getting supplementary petroleum tax (SPT), which we don’t get when oil is less than $50.” “We are going to deal with that, we are going to address the way in which the SPT kicks in to make it a profit based tax rather than a volume or revenue based tax so that there would be a more equitable increase in the equity and this should encouraged some of our local companies to engage in greater production and in exploration,” he said. "
 
RiskReepReward
Posts: 1,616
Off Topic
Opinion:No Opinion
Price:0.1388
TT link oil n gas production 2017
Mon 22:13
LGO-fan
Posts: 1,036
Off Topic
Opinion:No Opinion
Price:0.1388
RE: Trinidad to unveil new oil & ga..
Mon 22:02
I think this sounds very promising! thank you for posting
Lancygeo
Posts: 2,205
Observation
Opinion:Strong Buy
Price:0.1388
Exciting January
Mon 20:29
.....I'm looking forward to catching up with the bb tonight. Lots of posts to go through so I've decided to place some of the bashers on filter temporarily. Anyone bashing currently during all this positivity really should get their head examined. Any suggestions for immediate filter......just to speed up my evenings reading ?
rossannan
Posts: 1,634
Off Topic
Opinion:No Opinion
Price:0.1388
WTI
Mon 20:22
holding up well this evening. See? Another positive.
S4LMO
Posts: 4,097
Off Topic
Opinion:No Opinion
Price:0.1388
Drink
Mon 20:08
Drink is for fools I've never had a drink for 12 years and stopped smoking 6 years ago . I'm on a diet and a workaholic ........ life is just feckin wonderful lol ( oh and I've shared in LGO )
Vmax
Posts: 8,454
Off Topic
Opinion:No Opinion
Price:0.1388
never finished
Mon 19:19
As I was drinking Tea with biscuits and cheese .before I put on my bed socks and retired.
Chesh
Posts: 1,670
Off Topic
Opinion:No Opinion
Price:0.1388
RE: Asher
Mon 19:16
Drinking?

You've gone up in my........

All the best (love a drinking drunk)
Vmax
Posts: 8,454
Off Topic
Opinion:No Opinion
Price:0.1388
RE: Asher
Mon 19:14
I don't have much in there ,I try to build on it as its a long term play. I pretty much take my time and trade it to gain more shares.. By trading I mean that there could be months between trades . It could be massive but it could be nothing as no one might buy it. I read some stuff last night and not sure if it was HUR or 88e but it related to radioactive oil play on one of their finds , no one as far as I can see has ever mentioned this and TBH one of them is going down but I was drinking lol
Chesh
Posts: 1,670
Off Topic
Opinion:No Opinion
Price:0.1388
RE: Now
Mon 19:14
Sure,

S4LMO is bitter,

the others are just bashers!

All the best (will that do!)




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