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You do not tax the hand that feeds you.
Media makes it worse as they just lock into a subject like gas prices ECT.
Feeding a thick snowflake society who cannot see the big picture
Rhino, It is difficult to understand why you are on this specific board, where your comments clearly reflect your political leanings. As I have written previously, these boards are for people who invest their hard earned savings and hope for a reward in doing so. Along the way, they can share views and opinions, good or bad, with other posters, the holy grail being that we all take each others' comments at face value and make money. Sadly, some posters feel the need to bring profanity and personal insults into the equation which benefits no one. I guess the same can be said for those seeking to shoe horn politics into the equation.
Thanks for reply. Agree, that it is news that is needed for the SP to break free.
Sclum no need as I didn't judge the comments as worth it.
I might ping a note soon however there way on observations about current share price. I still find it perplexing but if there was anything market sensitive they would have released by now. So I still tend towards the constitution of our share register with a mix of in profit II, LOG and trading small investors meaning we have become trapped in this range decoupled from the underlying numbers. Needs a bit of news or numbers posted I think to shift it up and of course more buyers than sellers.
Some common sense there. BTW did your contact at IOG reassure, that the poster peddling rumours was talking bunkum?
Rhino hit UK producers by all means but what about levelling up and taxing imported gas as well? Why no tax on every other sector marking up prices including other energy related businesses. Why not use the vat profits? It's attractive populist to impose windfall tax but if you marginally make it less profitable and an unpredictable tax regime long term fields like Southwark and Elgood and Blythe where the costs are actually high will become unattractive and higher risk in the future.
The argument about windfall tax reminds me of interest rates another populist interference in the market. They have been too low since 2008 and have robbed savers and created a property bubble. It's the return to market interest rates that people should fear as much as energy bills.
IOG have invested through the thin times and deserve a fair share. As I say I don't see why we should pay substantially more tax than others who are also profiting.
How about taxing India for buying oil circumventing sanctions? Taxing sanction busting oil products reimported. No that won't happen when you just hit UK production as that's easy. Why not renationalise everything and go right back to the 1970's.
I can’t believe some of the posts that have been posted today,
Millions are struggling regarding just surviving and some of the posters on here seem oblivious.
I’d welcome a windfall tax on the oil and gas companies ,
And for good measure the banks and Amazon to.
As for the two contenders for pm .As far as I’m concerned they are both lying cretins.
There’s more going on than the IOG share price
Very encouraging words saying we need more energy from North Sea . Well done liz