Member Info for Ammu123

Attractive Proposition? you clearly having a laugh....even AB said he is looking outside North Sea now after the Tax.
ENQ is predominantly North Sea assets and will be shunned by II....only retail now holding onto the crap

25p will be tested soon....
whether you like it or not....Keep abusing as it will have zero affect on the SP.....

Lots of naive ENQ holders on here...LOL

Oil and gas firms operating in the North Sea are taxed differently to other firms.
Taxes on their profits are higher - they pay 30% corporation tax on their profits and a supplementary 10% rate on top of that.

40% + 25% = 65%...............we are f.u.c.k.e.d

The Telegraph cites city sources, stating EnQuest has raised concerns directly with the UK Government, and quotes them as saying the levy in its current form creates “uncertainty about the investment climate for North Sea oil and gas for years to come”.

They added: “Longer term, the proposed tax reliefs for investment don’t extend to the renewable energy system we want to drive forward in the UK and invest in very substantially. When making plans for the next decade and beyond, we need certainty.”

Shares in EnQuest, Serica and Harbour Energy all dropped last week as analysts at Jefferies released research showing the impact of the £5bn levy on each firm.

https://www.energyvoice.com/oilandgas/north-sea/415539/windfall-tax-north-sea-serica-harbour-enquest/

No mention of the fact that Sunak now owns 65% of all the profits till 2025....
Shareholders got mugged

I am OUT too.....
This is getting nervous now...

looking good....should slowly get back upto 150

Just keeps dropping.
The impact of the additional 65% rise is not well understood here and most just ramping....
Becareful newbies

Whole market is BLUE except ENQUEST.....

RED now ouch

Chilting and Impartial LMAO.....that did made me laugh
good one chilting

can't hold onto even 1-2% rise.....
too much negative around North Sea now

Markets is all BLUE....
Still ENQ is struggling

North Sea oil and gas producers hit back at Sunak’s £5bn windfall tax
Dismayed sector warns ‘multiyear’ assault on profits will ‘drive away investors’ and cut production

https://www.ft.com/content/9a4b6272-86da-436f-a8c0-fb697d18c303
The process of driving away investors has started and will continue....II will have a lots to offload and will drip feed into the market

So we agree on weakness to continue next week.....lets see if 25p holds.....

Need To Know: Analysts Just Made A Substantial Cut To Their EnQuest PLC (LON:ENQ) Estimates

https://simplywall.st/stocks/gb/energy/lse-enq/enquest-shares/news/need-to-know-analysts-just-made-a-substantial-cut-to-their-e-1

Its all starting now!!!

so I think we all agree SP is going 25p next week. The question is will it provide support or keep dropping?

hmm.....nervous times for all of us

to be tested next week and then 19p....
65% of all profits goes to SUNAK till 2025.....65% ENQ 2P resources profits goes to Sunak....
End of North Sea

rampers in full swing........
LMAO
beware newbies don't get sucked into this.