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Government will bring in a spot the profit tax mrc with the help of Labour and the Daily Star.
Any industry that is lucky enough to make a profit will lose it.

Also, don't forget that investors will be taxed heavily on dividends and Capital Gains Tax thresholds will become almost no existent.

I said back last January when Brent moved above $85 and beyond, that a big spike in the oil price would do more harm than good.

Now we are seeing the world economy damaged by high energy prices and Governments around the world imposing harmful taxes on the energy industry that will in their turn probably do more damage than good.

Hopefully 2023 will see a more subdued energy market with gas prices falling with improved supply, more investment in renewables and Brent remaining in the $75-$85 range.

Yes, and the SP will continue too just fluctuate with the market until the JV is signed next year.

Don't forget that we are also waiting for the move to the main market when the JV is signed.

Transformational for the SP - so current SP movement is irrelevant.

Have a nice day romaron

https://www.youtube.com/watch?v=LczGSoibRe8

The current situation that the oil industry finds itself in, re demand, is no different to the rest of the world economy.

We do need to see recovery in China, and they seem unable to shake off Covid, in fact cases are increasing and new lockdowns are being introduced.

The price of Brent will fluctuate on news from China and Ukraine, meaning that investors in oil companies won't know if they are coming or going - but what else is new - interesting, never boring.

M&S have neatly side-stepped Black Friday this year, not by ignoring it as they have in the past, but by giving it their own interpretation.
Black Friday equivalent offers are available on M&S.com covering a wide range of product groups, these are billed as UNMISSABLE FESTIVE OFFERS.
I guess how long the offers last will depend on how trading progresses and stock levels, but by using the term UNMISSABLE FESTIVE OFFERS, they have flexibility and can roll on through the season using the same marketing campaign unlike their competitors who will have to wind their marketing strategy up again after Black Friday.

Waitrose get it wrong - again!

https://www.bbc.co.uk/news/business-63732117

The initial announcement was made, including the webcast, by RNS on the 26th of October.

https://www.lse.co.uk/rns/CWR/publication-of-sustainability-report-um54j2tjoac9v3q.html

The wholesale price for Biochar in the UK is about £25 per 100 litres - much more in smaller pack volumes.
Supply is also limited, therefore, the main retail suppliers such as Miracle-Gro haven't started using it yet.
The main usage is for mixing into peat free compost mixes and selling as fertiliser/soil conditioner.
Commercial growers are also starting to up their Biochar usage.
if Eqtec can build a customer base for Biochar they are certainly onto a winner.

Yes, plenty more positive news to come that should start to make the last few years capital Invesment more relevant as the SP slowly improves.
This is the general patten for AIM small caps - they start as ugly caterpillars and eventually emerge as beautiful butterflies or get eaten.
EQT is still at the AIM caterpillar stage that so many investors don't understand, with continual bouts of funding and dilution.

I don't see oil prices going much lower than $75 because as it falls the general economic situation improves with inflation easing back and the recession lifting.
This in turn will increase demand for oil and the price will start to rise again because supply is still fairly constrained.

It's all about sentiment Midas and in a bear market that just gets amplified both ways - logic and the fundamentals get ignored.

Very good - it looks like the news has got out anyway with the SP well up against a falling market.

I guess that there are a lot of similar heavy industry pilot projects around the country, with gas prices so high - especially using excess offshore wind power to produce hydrogen.

The interesting aspect of this project is that they plan to transport the hydrogen for use in different locations, rather than using a local grid.

Yes, but it's all doom and gloom again with the dollar the save haven and UK investors heading for the safety of big pharma - the difference this time is that the oil majors could follow the rest of the market down???

Strong signals now that US interest rates will continue to rise and pull up the dollar, this will depress the oil market and push Brent back to around the $75 mark. Still no sign of much improvement in China.

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Under the terms of the JV both parties are tied in until 2030 with regard to the other 50%.
Ocado cannot sell to anyone other than M&S - M&S have an option to buy anytime.
So, I guess nothing will happen until 2030.

It doesn't work like that unless there is news that forces them to sale.
Shaw are likely to cash out because they came in at 925p also Gladstone who are badly underwater at 436p may decide that the SP won't fall any further and cash out, but they all have far more info on Ocado than we do, so it's just guess work.

The SP shot up on the short squeeze after the Korean contract announcement.
I think there will be more shorts cashing out, but they are very unlikely to push the SP back to anything like 900p because that can cash out in their own time.
When the current downtrend reverses, I guess we will see a gradual rise back towards 700-800p

Enquest do have a way around paying the full whack of the investment tax - decommissioning work still gains the 80% investment allowance because its decarbonisation expenditure - with EnQuest's reputation in this field, maybe this would be the way forward - a nice contract with the likes of BP could make all the difference.

Well done, Kraken - I was well off the mark.
It seems Hunt junked his April enquiry and has just grabbed more tax in January from oil, gas and renewables.