just be nice? People have their opinions. They have a right to have those opinions. They have a right to air them. Nit-picking at detail leads nowhere. Meanwhile.... ...a blue day when I thought we were in for a red one. Hurrah! Now let's just get this baffling referendum out of the way. Maybe Onward Ever Upwards on Friday? (Come on, let's be glass half full.) Good luck all.
Tony Hayward: Sanctions against Russia could spur $150 oil Western sanctions against Russia, coupled with ongoing political instability in Libya and the advance of ISIS militants in Iraq, could leave the global oil supply exposed and push up oil prices to $150 per barrel, former BP chief Tony Hayward has warned.
Companies such as Enquest, Ithaca and Xcite Energy have most or all of their assets in the Scottish North Sea and they have all experienced significant share price losses in the last 2-3 months leading up to mid-September.
The Scottish referendum has been a major contributing factor vis-a-vis those share price falls. In the period from July 30 to September 15 (closing prices): Enquest has seen its share price fall 19% whereas Ithaca Energy’s share price drop was a more modest 5% (although it was a more severe 15% from June 30). At the same time, Xcite Energy has seen its already battered share lose a further 14% during the same period (July 30 to September 15). Xcite’s share price has lost about 47% of its value in the year leading up to September 15 2014 mainly due to delays in plans for developing the Bentley field.
Agree with energy security.Maybe if the airhead Osborne had not increased taxes in the North Sea and causing the investment in the North Sea to come to a standstill couple of years back this would be doing just fine and not where it is.
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