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Do these idiots in politics know how much the price of gas has declined? at current prices there is certainly no windfall attached, and this tax affects HBR more than any other as it is the UK's largest NS independent,the likes of Shell and BP announcing record profits are what's getting them on their high horse, and they can't touch most of that as their production is mainly out of their jurisdiction,and lets face it, it is the sellers of the gas that should be getting taxed, it is them who are truly making the windfall profits,just look at your bills, they are the ones taking the biscuit, they are still being allowed to rip us off with their pricing even as the price per therm is down to 58p from a high of 800p,how can they say that at these prices HBR are making WF profits? they are clearly not, the Labour Party muppets are barking up the wrong tree.
Same old rhetoric - nothing new, and repeated by the financially illiterate. Nobody will invest in new fields and the UK North Sea will run dry. Norway owns Equinor which produces 60% of Norwegian NS output. The Government of Norway and its fund owns 70% of Equinor. So in effect, the majority of production is already privatised. This is not analogous to the UK.
However if the Labour communist party does increase the tax further, even someone as financially illiterate as Rachel Reeves should be able to understand that very soon there will be nothing left to tax and removing investment allowance will cause self-harm to the labour loonies.
However the unelected duo of Sunak and Hunt have already set the destruction in motion.
Https://www.bbc.co.uk/news/uk-65730950
WFT likely to increase to 78% like Norway but without all the investment allowances. I'm thinking if they are aiming to get a piece of BP/Shell's profits they will likely need to tax overseas profits as well so the only way is to exit the UK completely. I hope Wael will lead the way first before the change in government is upon us.
The right thing to do is for the US to file for bankruptcy like it did in 1933. When your income only covers your interest payments on your debt how long can you kick the can down the road for?
Jeff there’s only one way to prove a trade is your and that’s about half hour before is shows up on the list. Scrolling back and copy and pasting anyone can do. I think is just a circus trick.
What are you waffling on about you gormless prick are you some bot sat in China running multiple accounts you cant even remember from one day to the next how many shares your supposed to have or which account your replying from yet your there instantly 24/7
Clown
That’s how you know Jeff is claiming trades that aren’t his. He should be more positive. Did you see me sell my 17571 shares at the top yesterday Jeff?
Great list if you have your head in the sand and ignoring all that's taking shape around the the world you lot come out with nothing but bullshxt
Fatsam hows syme working out whats that down 80% since you were ramping it to the high heavens
Clowns
Should get news very soon apparently no deal on the debt ceiling should be a big drop Tuesday
The bottom could be 180
So Mr Dong.
I concede you have called this right for three months. Well done you.
I assume you've researched the fundamentals and are informed or am i mistaken just gloating?
With respect where would you call the bottom £2 ? £1.50 £1.00 ? Lower ?
There is no chance you will answer this post with a substantive answer on where this will go.
Prove me wrong brave Dr
Jesus loves America. Everyday yanks open up this with most of lse gets thumped down. You gotta love the uk.
Https://twitter.com/i/status/1661166669777993733
Listen to the lyrics Freemasons club of Rome skull and bones etc are not conspiracy theories
well, like i said we should have been hedging gas at over £1 when it was still £2 region but yet the bod ****ed that up aswell. all the clowns on here screaming “hedges unwinding soon” to which i said they will unwind and we will be stuck with a rate no better than current hedging.
again, the rampers on here are absolutely clueless and wrong time and time again.
“I'm also hoping that an agreement on the debt ceiling would give a general market rise and that OPEC cuts would boost the O&G sector. Fingers crossed.”
Also, I believe that we’ve never entered a recession while jobs were still being created, so again fingers crossed.
Oh Jesus, there’s still people beleive we are not heading for a recession. We are already in one ffs if it wasn’t for the money printers being flat out diluting the currency into worthlessness’s.
You guys can’t see the faults in a system that requires constant QE and debt ceilings to be lifted.
Then again, 90% of you still think it was all because of covid.😂
Maybe you should all watch this and then give your heads a wobble to whats going on out there in the real world
https://twitter.com/saggiori/status/1660093879566102528
And then watch this to realize what kind of sixk fxcks are running the show
https://twitter.com/suzseddon/status/1661684324616290304
Funny how they want to normalise paedophile as the Epstein subpoenas start flying out, even you paid to post clowns surely must see there's something not right
Saudi Arabia tops oil reserves with Russian fuel, sells its own to EU
https://thecradle.co/article-view/25303/saudi-arabia-tops-oil-reserves-with-russian-fuel-sells-its-own-to-eu
Says it all really
Its quite funny watching everyone sweat again , iv found since not watching this share 24/7 its become a lot more comfortable to hold, and then flicking through some of the comments its actually quite comical and you realise what sort of nonsense is spouted. Theres the rampers and de rampers going on and on and on (bickering like old ladies) while the SP has just been stuck in the same range for the last 4 weeks (if not longer). So therefor everyone here has just been wasting their time and might as well of been getting on with a lot more productive things while just holding these shares like normal shareholders do earning money for free (dividends). Its quite a simple task really yet everyone here is making life really difficult for themselves.
Well....our US friends certainly love to sell HBR dont they?
Popped out lunchtime with the share price at 240, and despite FTSE, Dow and Brent having a good day, we get sold back down to 235
Uninvestible? Maybe not in the morning, but come 1:30 its usually crap
Thought it was maybe a parody account set up for a giggle. There's a real disconnect on here with reality but then there is in the mkts as well so anythings possible ;-)
Are you being serious Johnny
I'm also hoping that an agreement on the debt ceiling would give a general market rise and that OPEC cuts would boost the O&G sector. Fingers crossed.
I'm not sure how robust the US labour market is. I think you'll see that manufacturing jobs dropping (there's already been fraud in the figures for one State at least; revisions were downwards). The service sector ticked up, but it's the summer season so that's to be expected. If manufacturing jobs start to fall, the service sector employment would follow. What would be really interesting would be if we see a fall in service sector employment during the summer season. That would be a pretty negative indicator.
I have a feeling that the long overdue rally here is just about to commence, tighten your seatbelts!
***********
Johnny another one of Linda’s rabid rampers, HBR dropped 2% minutes after he posted that.
“Tight oil supply” blah blah you just regurgitated that like the mindless zombie you are from oilprice.com, the same narrative peddled since last summer when oil began tanking.
How many times do you have to be wrong before you check yourself into the funny farm?
@Johnny3 - good points to be fair. This is the type of discussion I was hoping to see here. The filter button is a gem here. So nice to see normal discussions and points having filtered out the miserable sods on here!