The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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There you go doctorD. Gas prices were much higher last year pulling in all discretionary LNG cargoes. Storage levels will still be at target before winter but who knows what happens after that.
https://twitter.com/thierry_bros/status/1663013967176802304?s=20
What did dogs ever do to deserve being compared to this share 😁.
Oh look, oils collapsing again. Wtf is going to go in favour of this dog?
Sadly proctor, education isn't quite where it should be. It reminds me of Ali G going to 'a right minging place called the countryside', he got out of his car and almost fell over a sheep to which he said something along the lines of 'what the f ist that!'. We test our kids and try to get them to slip up by convincing them that eggs come from cows. Even at a very early age, they don't fall for it.
DoctorD, European storage levels are tracking lower than last year. Current spot prices not enough to pull in discretionary LNG cargoes. I would certainly bet against negative pricing.
I agree with a lot of what you say doctor, but negative? How so?
Its nothing to do with the youngsters its a global takeover a fascist dictatorship.Everything that is happening is happening by design all premeditated.They control the narrative then tell you its what the masses want.
https://twitter.com/elonmusk/status/1662667558539886592?s=20
You want to get off MSM and start researching folks
https://twitter.com/i/status/1663032294070792194
Proctor you must live on a proper inbred caravan site. Send your kids to school.
Jeff most younger people don't understand that food comes from farms and doesn't just appear in supermarkets. Was talking to someone the other day who couldn't understand why we need oil when we have electric in the plug at home and fuel in the petrol stations.
So there talking about food inflation and price caps for food whilst removing subsidises to farmers and forcing farms to close around the western world
https://twitter.com/BernieSpofforth/status/1662755219934007296?s=20
You have to be completely braindead if the penny is not dropping to whats taking place
It’s easy for Starmer to preach what he likes about gas when we have had a benign European winter and the German/Chinese economies have been locked down. This winter could be very different.
It will definitely be a good week. Let see if the old saying sell in may and go away has any truth to it??
Yeah should be a good week !
Debt ceiling agreed in principle, boost for oil this week?
I didn’t manage to buy back my shares on Friday. So If we get a nice drop I’m ready 228 would be nice.
You all are literally spelling it out for yourselves but still not grasping the agenda. Stop being children and look at the last 3 years of lies and peice tobetbwr what is really happening here. Your ignorance and stupidity is shaping your children’s/grandchildren’s futures because you dismiss everything as conspiracy theory. They are literally telling you what they are doing and you can’t grasp it.
Anyone buying HBR now is betting on a Conservative victory in the GE (not that the Tories are friendly to oil and gas by any means but Labour would be curtains for NS). Even the current valuation cannot be supported if Labour wins the GE. But you will get better odds at the bookies if you want to bet on the Tories winning rather than buying HBR.
Makes me livid to see what useless UK politicians are doing to such a vital industry that creates so many jobs directly and indirectly.
All IMHO DYOR
Happy
Supuser, it’s an absolutely mess. The Tories are the ones that implemented the ridiculous EPL, which is already cutting investment and now Starmer wants to put the final nail in the coffin.
I’m not sure they understand how fast production would fall without additional drilling, I work guess harbour’s decline rate would be probably be around 15% without any new wells in existing or new fields.
I would agree with you though, it’s definitely an opportunity to win a few Scottish votes by championing home grown O&G. I don’t mind the push to renewables, but any strategy has got to focus on reducing demand for fossil fuels, not the supply. The current policies are just a recipe for disaster.
''Without new licences being approved, experts predict that domestic oil and gas production could fall by as much as 15 per cent per year by the turn of the decade. If so, output in ten years would be about 80 per cent lower than it is now.
According to the latest estimates, there were 4 billion barrels of “proven and probable” oil and gas remaining at the end of 2021. As a country, the UK uses about one billion barrels a year, though much of the North Sea output is exported for use in plastics and other manufacturing. A further 6.1 billion barrels are thought to remain in licensed fields waiting for full approval,...''
Time on our side still and investment in UK will now be held off until election results known or goes abroad
Rachel is just acting dumb, she knows full well the vast majority of BP & Shell’s profits are made outside of the UK. It’s just populist nonsense that Labour know is a vote winner because the electorate has got used to state handouts.
The front page of the Sunday times this morning says Starmer will ban all new drilling in the North Sea. This will ultimately back fire hugely but it’ll certainly cause some ripples in the industry if it does make it into their manifesto, especially considering how far they are ahead in the polls.
If it was blanket ban on all new drilling (including in-fill), decline rates would be huge. I suspect Starmer would row back somewhat once in power, but there’s going to be limited upward movement in the share price for UK O&G companies with Labour threatening to decimate the industry.
The fast-paced technological changes associated with the Fourth Industrial Revolution challenge the traditional way of developing and reviewing standards. The introduction and convergence of technologies like gene editing, quantum computing and the extensive use of Artificial Intelligence have the potential to swiftly transform business practice and the definition of “what good looks like” in a given sector or industry. The established process to develop and review standards therefore faces challenges in both keeping pace with and underpinning these developments in the economy.
Little snippet for you lazy thinkers.
Can’t for the life of me think why they would release a gene editing vaccine and coerce you all into taking it.
All sounds very digital, I wonder why they openly talk about human augmention and future rolls alongside AI. Sounds like humans won’t need work to me, as though the world economy’s have been crippled to ‘build back better’
Amazon already saying by 2030 they will have more robots than human workers. And you clowns couldn’t work out lockdowns were the biggest wealth transfer from small buissness’s capatlism to global corporations corporatism.
The only idiots here are you lot for believing they are just stupid. It’s quite amazing you think these people are that thick they have no idea what they are doing. I mean I know Labour are the equivalent of letting a child lose in a sweet shop with £10k but if you listed all the things the Tory’s had done in the last two years you would say it was a Labour government 100%.
Gov.U.K. Website, the 4th Industrial Revolution
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1004999/Standards_for_the_Fourth_Industrial_Revolution.pdf
Obviously it’s still just a conspiracy theory
Yes kign , good BBC link. Rachel Reeves to me is either conveniently acting dumb re why oil and gas prices are where they are or she is showing her dishonesty. Gas prices have fallen dramatically. Oil prices are probably where they would be anyway without any Ukraine war. Lack of capex oil investment in new fields and in expanding old fields is a more material reason for current prices than the Ukraine war.
Oil and Gas cos need to exit the UK and even purposely reduce their UK production in protest at the Energy Levy just as many workers are striking.... I own HBR, SHEL and BP and am not selling. Hopefully SHEL and BP will exit the UK and that'll leave HBR and the other Independents of more value to the UK. Maybe then will the lights come on in various politician"s heads. And, how much was spent on King Charles coronation ? £150m ? Didn't hear Sunak or Labour criticise that....
When will you idiots wake up and realise it has nothing to do with tax revenue, they are intentionally crippling our supply so that they control your freedom of movement. Control a nations oil and gas you control the economy, control the food and you control the people. No why would they be going after oil and gas company’s and buying farmers out to stop farming I wonder? … those bloody conspiracy’s theory’s, right again. They might invent a vaccine for starvation? I’m sure most of you would lap it up