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What a brutal day for some investors just shows you all the charts and analysis can mean jack squat with a Government makes a terrible mistake and kills an Oil and Gas sector in a stroke of a pen
The levy has and will undermine trust and created long-lasting uncertainty over future investment in the Rust bucket North Sea instead of embracing new investments and energy security for the UK.
It's not just the tax amount for Harbour it's the fact no one else is atm harming there Oil and Gas sector just when it's getting on it's feet
But where is new fair value
No new investment in near future North Sea was already on the Ropes and has become Tories' punch bag and for all the taxes they get they may have killed the North Sea to become a dying graveyard
This could turn very ugly
Think this will ripple downwards into next week 375 anyone else waiting to buy
Tempted to return to Hbr tho unsure what next week will bring will shorter and panic set in or bounce over £4
When and where is dividend getting paid
Where do you see the floor on this? Had been declining slowly from £5, could this push yearly lows next week?
UK windfall tax on North sea assets hurting players, we should benefit
Enq (-10%)
Hbr (-8%)
Etc I'm assumming
https://www.etfdailynews.com/2022/05/23/tullow-oil-lontlw-price-target-raised-to-gbx-78/amp/
PoO has momentum near term in up coming week, can see 60p easily being reached Monday without any Rns dropping, will consider a stop loss at 53p. Hopefully we get this over the line the conditions for Kenyan government to approve are at a peak. If not possibly AGM. Good luck and fingers crossed for Tuesday morning Rns drop
Wonder will they push this to near 60p today and Monday if no Rns maybe have a stop loss limit in place