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Phron - yep, markets are getting battered everywhere today. FTSE has recovered a fair bit in the last hour.

Would normally be a day to switch off and head to the pub for the afternoon, but as that's not possible a long walk might be the best idea!

"The Period only saw limited initial sales of our CBD products as we were selling online only, and the physical store roll out had not yet begun. However, post Period end we have enjoyed significant traction, particularly through the AATAC distribution agreement"

Dazzle
That last sentence nicely links back to one of yesterday's conversations, remember Noel Gallagher's quote about Liam 's anger issues - "He’s like a man with a fork in a world of soup.” :O)

Asx was halted so it would be as they were.. London dropped as it stayed open, so we should see a nice pull back to parity. Then hopefully a rise into spud and maybe a nice rise if neighbour has good news.

Relief rally in Oz, big bounce back in UK?

Magic Darts!

The announcement content will be available in 14 minutes at 10:21

22% - late tick up

I think leases and permits are being confused.

Let's not be silly.

"The decision gives the Biden administration more time to develop its longer-term plans on oil and gas leases that could involve a broader ban. The order does not impact drilling and activity on existing leases and permits."

Warren Buffett: "Act greedy when others are fearful"

As we saw with many of Trump's executive orders they can be challenged in court within days and suspended if deemed unconstitutional or could result in material loss.

Chicago Tribune: "The Interior Department order did not limit existing oil and gas operations under valid leases, meaning activity won’t come to a sudden halt on the millions of acres of lands in the West and offshore in the Gulf of Mexico where much drilling is concentrated. Its effect could be further blunted by companies that stockpiled enough drilling permits in Trump’s final months to allow them to keep pumping oil and gas for years."

Reading various US websites not only will existing permits likely be honoured it will also drive up the value of those successful fields.

8k interest will likely be about a day and a half's production profit - so guaranteeing production for that outlay is a no-brainer.

"Know the game" - that's what that camp Mancunian Muppet Dick Holiday uses as a slogan isn't it?

that was likely not an option

I agree garyn, it's a very sensible move.

Why do people think this will magically add value to their holdings?