Member Info for Ammu123

Shell says windfall tax threatens North Sea oil and gas investment

So baby don't worry, you are my only
You won't be lonely, even if the sky is falling down
You'll be my only, no need to worry
Baby are you down, down, down, down, down? (Down, down)
Baby are you down, down, down, down, down? (Down, down)
Even if the sky is falling down?

I still reckon 18p would be tested soon...

EnQuest is aware of the need for action to address the cost of living crisis, but is disappointed with the implementation mechanics of the new Energy Profits Levy," the company said in an emailed statement late on Thursday

more fake news from rampers...10% impact on profits!!
LMAO

I agree with L3.....
It seems like some trainee has done the analysis with no understanding of the full impact of the tax.

No oversight/checks from Jefferies before releasing such rampy statements...

Would be interesting to see Barclays views.
Jefferies were always rampy about ENQ....

"Oil is up $5 this week - for ENQ at 50k barrels a day thats $7m+ a month extra (clean) - so 2-3 months and the windfall tax is covered by oil increase THIS week"

more shyte from the rampers. As oil increases so does the TAX.....65% of all the profits is taxed............it will increase as profit increases....
END OF NORTH SEA

agreed sub 20p is coming

stop cross ramping your crap Tullow here....
Tlw is ****ed due to hedges....
ENQ ****ed due to taxes....
Both won't be able to take advantage of this high brent!!

they will keep drip feeding sells + shorters loading now....
we will see sub 20p unfortunately...

Nothing to do with AB now.....
Sunak has ****ed North Sea.

BP said on Thursday, after the London stock market closed: “Today’s announcement is not for a one-off tax – it’s a multi-year proposal. Naturally, we will now need to look at the impact of both the new levy and the tax relief on our North Sea investment plans.”

North Sea has become officially univestable

But no incentives for shareholders i.e. no chance of divi...
UK is ****ed

Don't get greedy....you should get sub 20p....
North Sea is done for investing

They will keep dropping this until I decide to buy....which will be around 18p..

My downgrade will be around 18-20p region...

won't be pretty for North Sea companies...
Broker downgrades to follow imo...

Romaron will have nightmares of Sunak tonight LMAO

Shawty had them apple bottom jeans (jeans)
Boots with the fur (with the fur)
The whole club was lookin' at her
She hit the floor (she hit the floor)
Next thing you know
Shawty got low, low, low, low, low, low, low, low