Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Second day on the trot with very large UT trades >£1m value… with some large late reported trades..
Newkotb have you been keeping an eye on it at all?
Major parties in ‘rush to the bottom’ on UK energy policy, says Kistos’ Andrew Austin
https://www.energyvoice.com/oilandgas/north-sea/548916/kistos-chairman-andrew-austin-north-sea-uk-labour-conservative-energy-policy-windfall-tax-epl-gas-storage/?utm_content=177670083&utm_medium=social&utm_source=twitter&hss_channel=tw-1379070162
That's because he is working for an opposition party. Inmo. At least the pm has been more vocal of late in terms of supporting north sea oil and gas
Be lucky if we ever see £2 unless we get out of UK waters
Will the yield end up like Diversified Energy DEC @ 30% !
Quite a rapid decline I'd say.
The divi yield gets bigger by the day.
The smirky Hunt (sic.) isn't likely to do us any favours.
Jefferies cuts Serica Energy price target to 260 (280) pence - 'buy'
Are we expecting any favours in the budget or is that what were waiting for?
The slow decline needs something to give it a boost.
Strange with such a high divi yield.
The Pm has been quite vocal during the past twenty four hours. In terms of how the North Sea oil and gas industry is needed. So inmho why is chancellor intimating the opposite in terms of extending the windfall tax to follow the opposition parties stance. Maybe one of them are secretly working for opposition parties in some capacity.
All very worrying inmv as either way what ever they come up with in the budget even in a possitive way it could be very short lived.
I just hope that there is not a run on government bonds after they finally produce the forth coming budget.
Https://twitter.com/surprised_trade/status/1764299743264399582
Advn debates with respect are often far from interesting and if we think LSE has some negative/trolling posters types it aint nothing on that one.
Interesting debate going on over on advfn. Stemis arguing price closer to £10 per 2p barrel than the $20 most pundits on twitter and elsewhere believe it to be
Current prices
Crude Oil 79.719 +1.88% day +3.87% this week
Brent 83.348 +1.77% day +2.97% this week
TTF Gas 25.59 + 2.61% day +11.54% week
UK Gas 63.6100 +3.30% day +12.84% week
Personally i feel that that these people should be prosecuted for misleading the electorate.
Maybe someone will go after them. After all the oik k starmer was one of them, but has failed misserably. maybe he now knows all the loopholes in our wonderful judicicional system???.
Happy to sell serica shares thanks to hmg and its new mates . Maybe even buy into some overseas o and g company one day.
And yet it destroys our home grown industry. WHY ARE NOT THE MAJORS AND THE STAZI TV STATIONS MENTIONING THIS SMALL FACT
RISHI SUNAK: ‘I want more oil and gas’
https://www.energyvoice.com/opinion/549142/rishi-sunak-i-want-more-oil-and-gas/?utm_content=177415926&utm_medium=social&utm_source=twitter&hss_channel=tw-1379070162
I am up to sue these oiks personally . we could go for crime against humanity to start and then and i say then crime againsnt what is left of uk citizenas and these idiots are representing ukplc.
Ohh what did nuk energy announce yesterday. further delays. hmmmmmm
It beggars belief for a "conservative" government to consider another tax hike for oil and gas. Hunt can't raise income tax since voters won't like this so he's got to find money elsewhere to fund the Tories' high spending, low growth, big government project. It would be a short term political manoeuvre that would do enormous long term damage to the country.
This thing hosted on the BBCbon a radio program in the past. Dyor
Is that not contractive. Long live north sea and prosecution for milliband and it's cronies. Inmv.
Fwiw. UK gilts rebounded sharply today after h..not the c...nt leak. So the markets like n sea tax grab even further to fund tax breaks. Minute Britain were getting there .inmv dyor etc
I think this shows how they are inept. The obr has stated that any tax cuts needs to balance. I e what happened to truss. So the easiest way for them is to tax what's left of Serica,harbour enquest be and the rest. After all I'm sure the big players will come to the rescue of UK needs in day six or seven years time.
In summary we are a basket case of a country inmv,dyor etc
And once again as me and others may have posted. The industry needs to unite and stop all n sea production. Either by health and safety on rigs ,bits falling of etc,but better still moth ball all oil fields and then bill the exchequer for tax refunds
""The tax has ended up raising less than initially forecast, with the government’s monthly receipts data suggesting about £6 billion has been collected to date. The OBR’s forecasts indicate another £3.6 billion is expected over the 2024-25 tax year, with takings tapering to £1.9 billion in 2027-2028...." (if they are lucky imo)
If that doesn't tell you its and industry in decline, don't know what will ....
https://news.yahoo.com/hunt-considers-extending-uk-windfall-130625331.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAFqcjNZDtf0vH7V0KXUXMGEEyd4qnZ58wjJgx4cbzAHGWKHjCZ4_MdkfcQ4Xl6ITlIG-NjlcIOmpFKSt2o5urz_2UKNM6NNwTFSRuOcsJnpK__YDE5mVexBhBRr_lXgYmjm1qCr5_Fu9IaGlf0fG7KL4QyHIQU9h_DlyvU3dFgiw
aimo & dyor
Good chance he will damage the industry more for nothing more than beating Labour to it and so doing pulling the rug from under Labour's calls for more tax.
Does anyone think that the EPL will ever go away? It is permanent now. At least until production falls off a cliff in 2-3 years when nobody maintains/develops anything in the North Sea.