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Auson
I think the expectation is that other counties will follow the UK lead and introduce their own windfall taxes so maybe that is affecting Tullow's SP.

Investors and potential investors still need the answer -
How much debt can ENQ pay down with profits, or are a significant portion of the profits going to pay the windfall tax?
Until that is resolved the SP will drift with the bear market.

To mark ENQ out as strong buy is very misleading until this issue is resolved.

Yes, sometimes the simple ideas are the best.

Fab idea - and it works!

https://www.bbc.co.uk/news/science-environment-61996520

mrc
The issue you could have is that EP its not adaptable to handle heavy crude - assuming that the crude from Bressay is heavy like the Kraken crude.
There were major issues with AK during deployment to get it up and running with the heavy Kraken crude.
Also I recall they need to use a lot more heat during the processing for heavy crude???

Hopefully we will see an alignment with good news from Eqtec and a market recovery - that would super boost the SP - 2p in no time.

I think you will find that there is a preference for conspiracy over logic when renewables are discussed Banana Joe.

A bit like those loons who still think that the Earth is flat.

Caution is still needed.

The market seems to have interpreted the situation in the same way as Ammu - even though he may have his own motives.

Its politics not finances that's driving the SP at the moment and that is likely to be highly irrational.

Kraken
I did think that we would see concessions by now for small oil companies but if anything the Government's attitude seems to be hardening, and they are generally backed by public opinion. Also it seems that, as usual, they are making it up as they go along, so as the Petrol price increases, I think the policy will harden.

As for defining normal range - I guess that's the point when the energy crisis ends and public gaze moves onto a completely different crisis - in other words when the public stop worrying about high fuel prices - Johnson is very media led at the expense of rational policy.

The Windfall tax is a knee jerk reaction to the fear by Government that old people will die of hypothermia and malnutrition this winter and they will get the blame.

Looking back at the three year chart, the uptrend started after the big fall for Covid at the end of March 2020.
This uptrend continued until the end of May 2022, with dips over production worries in 2021, but by the end of May 2022 the SP had completely recovered the uptrend.

So, it was defiantly the Windfall tax that has knackered the SP and the fact that it continues to drift down means that potential investors are still very much sitting on the fence, regardless how good the potential is, and are still concerned that a high proportion of profit will be taxed away.

It seems that Governments around the world see oil companies as a soft target for milking extra tax revenue and it will probably only be a balancing between supply and demand a fall in the oil price that will save the drain on profits.

Nothing from the Shell partnership has been priced into the SP yet.

Good recovery with tech and retail shares today - oil and big Pharma down - FTSE100 & 250 relatively flat - just what we need to see!

The see saw has tipped the other way today...

Hopefully the SP will stay above 800p.

I stand by my comments.
Basically Tesco have used the cost of living crisis as an excuse to renegotiate terms /impose terms on their supplies and hide behind the fallacy that they are doing it all to keep prices down for their customers.
In realty they are simply protecting their margins and market share at their suppliers expense.

No wonder the quality of so many products sold in UK supermarkets in so poor.
Also it sucks in - just one example - cheap Beef and Chicken that has been fed on soya - a major contributor to deforestation and climate change

Record first half AND margins protected by cost increases - WOW!!!

Also supply chain of raw material has improved.

AND for the future - from John
"Current and prospective customers are actively seeking solutions from our technology platform to formulate more environmentally sustainable products,"

This is good fighting stuff from DP today - onwards and upwards.
Forget about the SP and just be patient .

Tout vient a qui sait attendre.

Its up to the supplier to set their prices, not the retailer.

The retailer just decides if they want to stock the product at the quoted price - no negotiation, except on volume.

Otherwise its price fixing.

The competition comes when the consumer selects the product they want to purchase from the selection available - if they don't like the selection or price they shop elsewhere..

Valuplay
OK, lets see what happens now - clearly the current problems will take some time to resolve themselves.
To me, its still all about being patient.

Computer909
You clearly don't understand how difficult it is to get these capital projects from concept to completion - especially when they involve cutting edge tech.
Just think what a hash the public sector makes at times and the overruns they have - Cross Rail in London for example.

This is all very positive for Deeside - there are a lot of ducks to line up and it looks like its all finally coming together.

And finally a collaboration project with Wood - a major player with a market cap of £1,131m against £44m for EQT.

Onwards and upwards - despite the headwinds - great job DP!