Member Info for BTFATH1

Brent now at 124 so with 50k a day pumped a day and 330 days of full production if we start heading around this level we are making 75 dollars profit a barrel.
A 12 dollar rise is the equivalent to 198,000,000 extra profit just in the last week.

This is Lea great opportunity to reduce the above rather than add to our 300 plus million in cash.

I honestly think it will just be the likes of shell and bp that this will apply to.
If you look at year end 19 & 20 we made losses of 900 million and turned our first profit last year in 3 years.

Enquest will just hide the numbers to reduce their profit but how on earth can they include enquest is this windfall tax. The jury is out.

Back to 32-34p very shortly.

Busy day in work and then family time.
I did not even check the sp from 11am and managed to get my average with 65,000 shares to 31.4p with my latest buy ins.

Am I concerned not in any way shape or form.
AB is a financial master at reducing the viewable profit and has been for years.

Net debt will be a third what it was 3 years ago from next year and meanwhile Brent approaches 120 yes 120 not 60.

What a fooking overeaction.
Until the bumbling scarecrow is out of of power we will all be poorer.
Can someone stump up a one way ticket to Rwanda for him his sweetheart and his 50 kids.

What on earth has this country come to :-(

Karlo wow that has had me in stitches.
Just bought another tranche at 30.5.

AB is in the cusp of investing in the North Sea look at the times article.
There will be no shown profits this year just financial wizardry :-)

Market cap lost 80 million and with a 3 dollar rise in Brent this equates to 50 million extra just since Monday.

The swings are going to be wild don’t watch and sit on your hands.

Every decision these buffoons are making are selling our future generations down the river.

Brexit is going swimmingly we have Tim Tams being imported from Australia and the first fooking deal is with Saudi Arabia.

Bp reviewing their strategy yes British petroleum ffs.

Financial wizardry is good terminology there is no way AB will have us making a viewable profit for the rest of 22 now.
Spend spend spend on acquisitions and drills.

With my first tranche I just could not resist at this studiously low valuation :-)

Can we get back to 7 quid today :-)
Averaging 6.14 here thanks cg for trying to put me off :/)))))

Krak what are you smoking profit is going to be around 200-300 million tops imo and it’s 1 off tax initiative.
You and mrc and ammu just need to chillax :-)

Briefly yearly chart analysis done 28p has very strong report, first buy set at 30p

Come on have some empathy it’s just senseless that you post such drivel on a short term dip.

Ammu what on earth are you going on about with 20p!

Thank you for the ta info, I am going to wait a day or two and assess.

This a great board and everyone still remains stoic and jovial.

Buy the dips 600 million mc is beyond madness for what enquest have.
Must trade the swings with some of your holdings though as there are some wild moves but the fundamentals always remain very strong .

Does Rishi get the £400 winter fuel payment :-) grey area if they have his wife’s bank account details with the non dom status.

Bojo, Rishi, Patel, reece bogg and Michael Gove just get a one way ticket to Monaco.

January great analysis but don’t we envisage for the net profit to be around £200-£300 million?
Great news if Bentley can be offset.

Hi Ariel, hope you are well?

Hmmm looking at the details I’m going to watch and wait for the 30-32p level.

This government are an absolute bunch of incompetent clowns who have again not carried out their due diligence on the likes of enquest. This is a two fingers up for companies who are investing in the North Sea.

Why don’t they tax their Chinese, Russian Middle Eastern and African Tory donors ffs.

Opens up the floodgates for a new acquisition then.

Pity as I was hoping that a bumper profit this year.

No use of previous tax losses wtf :-(

Looking to dip my toe back in at 33p ish