RE: Centrica24 May 2022 11:54
What a mess:
So fed up with this UK government. Since Brexit, economy in freefall, £ a compete mess.
Price cap on energy prices. Some middlemen came into the game and had not a leg to stand on.
When they went bust, government begging the big players to take the stranded customers on.
Same for the ones like Shell, BP etc. US oil companies didn't fall a lot during covid and they continued to pay dividends.
CNA fell from 90 pence to 33 and no more dividends.
Now, they start to make money again, how dare they to think about dividends? Naughty one.
We are the owners, shareholders are the owners. We deserve a return on our investment.
Now the press will be all over it. They do not speak one word about that shareprice lost 60% of value and more then 2 years no dividends.
Oil companies were forced into green energy investments, pull our of Russia and write down billions and now, they are pushed to up the game in the North Sea.
If I would be one of the big players, i would tell the government to f.... off.
You want us to lose billions with Russia, you want us to go green, you want us invest in the North Sea again.
Where is financial help for us? No, now you want to tax us extra, just to look good and to gain some voters.
F... Off.
Johnson and co just want to improve their image. Partygate etc. What's better then taxing the oil companies?
What's about Tesco, Sainsbury etc. Prices have gone up dramatically. Windfall tax?
Estate agents? Property prices gone up a lot. Tax them?
Used car dealers? Used cars gone up 30%. Windfall tax?
Everything has gone up. Tax everyone.
Plus the big mouth Johnson who wants to play the World leader against Russia. Shut up Johnson.
Plus the billions they send to Ukraine. Where is this money coming from?
Spend like mental, send money everywhere with empty pockets and then....tax the oil companies.
Friday, I was very close to sell my 280,000 CNA and to re-invest in LGEN which pays 7% dividend.
But... suddenly upgrades and new targets of 120pence and up plus joining the FTSE 100 again, I thought, stick to it, the worst is over.
Should have trusted my guts.
Better to invest in the USA.
They would show Biden the middle finger.