Member Info for Auson

NigeCo,

You are not wrong in your observations. The SETS order book I imagine must be quite basic, and the algo bot programs are anything but. Algo programs do run on the NASDAQ.
Some interesting reading here.
www thetimes co uk/article/quadrature-capital-the-hedge-fund-that-pays-staff-3m-each-p068vjqd2

y11-shx,

Production won't be ramped up because, Saudi don't have capacity, Russia don't have the will and other OPEC members will follow the big two's lead.. or else.
I predict no change in Dec meeting.

BanburyBoy,

'Realised hedging losses can be offset against WT' ? Can I ask where you have seen this ?

Smartie06,

Brent, UK Nat gas, FTSE250, DOW, NASDAQ all down. Doesn't mean much in the grand scheme of things, apart from you get a better entry here.

Smartie06,

Care to take a wild guess at what our effective tax rate will be for the next 2 or 3 years ?
Clue it will be no where near 75% and somewhere under 35%

Smartie06,

I don't think Harbour have bought 1 million shares already today. Looks like we are closer to my 345p that your 320p hey ?

Close to 1million more shares bought than sold so far today, obviously the tape is not completely accurate but we will see a strong close here.

SpaceHoppa,

He's trying to de ramp a £3billion market cap company, I think he bought in a sold out recently ( at a loss )
I don't really care if we see 320p or even 305p today. Although looking at the trade tape I think we will more likely see 345p soon.
I am here for 500p +++ and I will see it !

Smartie06,

Why has your 305p changed to 320p ?

No mention of the Super Deduction, so I assume it remains.. It was Sunaks brainchild after all.

This is a case of sell the news in reverse, as in shorts buy back the news as they sold into the uncertainty hence the strong support today.

No more bad news flow or uncertainty available. I wonder if we will be permitted to use hedging losses to offset against EPL. Linda needs to strongly make this case !

So today is the day we find out if the chancellor is economically illiterate enough to change the tax rate for companies operating in the North Sea twice in 6 months !
If he does the reputational damage ( and cost ) this will do to the UK through undermining business confidence to invest here will in my view far exceed the short term sugar rush of an extra 10% minus super deduction for two more years, when Labour will be in power anyway.

MissionImposs,

How are they going to buy 10.7% of the company in 2 and a half hours of trading ?
Now that would be Mission Impossible.

Thunder2040,

Also could hedge the UK production as much as possible out to 2025 or further, and borrow against that to invest more in overseas projects. Equals very little extra tax revenue, and less North Sea jobs

Hi Sekforde,

Thanks for your calcs. I have noticed Taconic's last notifiable short was Shire PLC who were acquired by Takeda ( at premium )
Taconic's website states it ' pursues an event-driven, multi-strategy investment approach.'

Is it likely they are shorting due to a merger/ takeover arbitrage ?

More from the Shire deal 'After a series of initial rejections, the board of Shire (NASDAQ:SHPG) has indicated that it will likely support a recent buyout offer by Takeda Pharmaceuticals (OTCPK:TKPHF, TKPYY). The deal is cash and Takeda stock (would be NYSE-listed ADR stock) with a roughly 56% stock and 44% cash split. At the time of the offer, the deal was worth approximately $64 billion. There are three currencies involved, as Takeda trades in yen, Shire trades in British pence, and both companies have US-based American Depository Receipts (ADR) that are in US dollars (SHPG for Shire, TKPYY for Takeda). The cash involved in the deal is also priced in US dollars. Due to these factors, the price per share for SHPG shareholders is somewhat unclear, but is estimated to be around $196 per share. This represents about a 21% premium over the current share price, indicating that the market still questions whether the deal will go through as is. The deal would offer a minimal premium over the approximate $190 cost basis for holders of Shire that were originally Baxter (BAX) '

L3Trader,

how about this from tax and accounting, project finance advisors Operis.

Tax Rate Type of Relief Relief Rate Amount of relief (based on £1 million expenditure)

RFCT 30% First year allowance 100% £300,000
SC 10% First year allowance 100% £100,000
SC 10% Investment allowance 62.5% £62,500
Total Relief 46.25% £462,500

Tax Rate Type of Relief Relief Rate Amount of relief (based on £1 million expenditure)

Energy Profits Levy 25% First year allowance 100% £250,000
Energy Profits Levy 25% Investment allowance 80% £200,000
Additional Relief 45% £450,000
Existing Relief 46.25% £462,500
Total Relief 91.25% £912,500

www operis com/energy-profits-levy-on-uk-oil-gas-sector/

Oh well at least the oil price is going up

Sekforde,

10.7% stock out on loan says that will happen again, but this time I think from a higher base than 298p

BTFATH1,

Fortune favours the brave, good luck buddy !

Bacchusll,

I don't think they are short, they just want to buy in cheaper so are trying to de-ramp a £3billion market cap company

Indy105,

Why would shorts be adding today at lower prices when they could have added last week when 30% WFT and 3 year extension was not only leaked but published in the papers ?