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‘ I almost wish for world war 3’
Unfortunately Putin has a big button with "NB" written on it (Nuclear bomb) otherwise he would be stuffed with his rather poor army
The fact that Wagner are out in the light openly recruiting speaks volumes. The longer the war continues the more depleted Putin’s ground force effort becomes, sadly a huge loss of life both sides.
Are Casper achieving gross crude prices ? Should be an RNS if they were but I suspect sone of our sellers could be pressing the buy button tomorrow early doors.
I was in the military in the 80's and I am well aware of nuclear weapons ! But I still say we need to find a way to take out someone who constantly threatens us with them. Also, people are very fond of saying Putin has more warheads than us and the Americans, but there are 2 issues here, firstly nuclear warheads need periodic and VERY expensive maintenance to keep them viable and secondly you may have a lot of warheads but you need a way of reliably delivering them. Putin constantly threatens, and people talk as though we and the US DONT have a whole load of ballistic missile subs on high alert - I know its a stalemate but lets put things into perspective. Credit to Putin, he has done a wonderful job of generating total loyalty to his cause !
Mr C, great post and spot on IMO. This strategy of authoritarian regimes doing what ever they want and threatening nuclear war on anyone who thinks differently is dangerous and can't be allowed to win out. And yes, anything that required significant lumps of cash spending on it in Russia has probably been neglected by people lining their own pockets. How much of the Russian nuclear arsenal is serviceable and how many viable delivery systems are ready to go is debatable.
Six months ago NATO was unprepared for what was about to happen. You can bet that situation has very much changed since Feb 24. If Putin launches a strategic nuke now the response is likely to wipe Russia off the map regardless of any damage Putin might achieve with what ever he has that actually works. Of course he could still use tactical nukes in Ukraine but that might be another can of worms for Russia...... As if there aren't enough. The nuclear threat has not gone away but the timing gets worse for Russia as the days tick by.
You are right. By hook or crook he still has massive support amongst the Russian people. Odd as he is more likely to wipe them all out than any Russian president since Stalin.
Come on Clive, 141? Please define immanent for me!
All IMHO
ODS .....adjective: immanent
existing or operating within; inherent.
"the protection of liberties is immanent in constitutional arrangements"
However ..... adjective: imminent
1.
about to happen.
"they were in imminent danger of being swept away"
DM...lol, you must be bored.
KK
I think we are all getting fecking bored/board delete as applicable of waiting for imminent/immanent news that we were led/lead to be/bee forthcoming.
KK, yes ............. boredom
/'b??d?m/
Learn to pronounce
noun
the state of feeling bored.
"I'll die of boredom if I live long enough for CASP to start being honest"
DM, thank you for saying what I often think. But then I look at the spelling mistakes and grammatical errors in my own posts and think better of it! Post carefully in the next few days.
Somm, thanks for the calculations. Where did you get the netbacks from and what was the price of oil then?
Un, from the Investor presentation .
Thanks. I hadn't got around to reading that yet. It's difficult to extrapolate from the examples because the tax rates are quite nonlinear and you need to know the points at which the rates shift above $50 when the export rate kicks in. This "rent" tax ranges from 7% to 32% There's not much difference in tax paid between $114 example and the $85 example. Perhaps the rate drops sharply below this point. I would have a look, but I am just off on holiday
It was quite easy to find.
7% up to $50
11% up to $60
14% up to $70
16% up to $80
17% up to $90
19% up to $100
20% up to $110
21% up to $120
https://assets.ey.com/content/dam/ey-sites/ey-com/en_kz/topics/oil-and-gas/ey-kazakhstan-oil-and-gas-tax-guide-2021.pdf
The odd thing about the net calculations in the investor presentation is that at a price of $114 a barrel, tax is $36.4 (31.9% of the price), whereas at $85 a barrel it is $35.1 (41.3% of the price). Tax sytems can work this way of course, but if so it is a rather strange tax design.
DM, I know sytems is incorrect.
Using the rates below 21% of $114 is $23.94 whereas 17% of $85 is $14.45, a a difference of $9.49 per barrel in the "rent" tax which doesn't relate to the calculations in the Investor Presentation in any way. The presentation suggests a difference of only $1.3 per barrel.
Either the rates are out of date, my understanding of the how the tax system works is skewiff ( I think that's how you spell it) or the Investor presentation is b*&&*^"x
uncertain, you seem to have been obsessed with getting the spellling correct and forgot to close out the sentence.
Allow me:
"... presentation is b*&&*^"x again."
HTH
Joe, where would I be without your wise grammatical advice? Can you be of any help with the Kaz tax system?
Your worship is accepted McQueen.
https://uk.investing.com/commodities/crude-oil-urals-spot-futures-historical-data
Weird how Urals price jumped 16% yesterday when Crude was $93 ? Maybe the discount from Brent is starting to reduce ?
So we think it’s the same seller? They’ve offloaded quite a lot now. Why would they sell now?
The same seller may be responsible for some of these transactions, but I know that at least one of yesterdays 250k transactions was in fact a buy, because I was doing a small top-up.
Do you mind me asking what made you buy?
Badge, Dino might be suffering from global warming and increased CO2 levels .......... oh hang on, wasn't the temp much higher then and CO2 levels about 10x higher than they are today 8-)) ............ CASP=Strong buy everything still to play for and BRENT on its way back to $100 (Now at $97) , yes they are useless at looking after us PIs, however we must remember we are hanging on their shirt tails, we are a tiny little speck of 5h1t on their shoes that owns a tiny little percentage of shares, wouldn't want to be out of this over the weekend, they may be announcing the July divi on Monday