Member Info for chinch

Looks like Newlands have sold 4 million shares which is surprising given the announcement today. Poorly worded rns imo

In Amanda we trust. If she were to ever leave I would be out immediately!

When I sell my other half of SQZ I won’t be rushing in to investing in another Company that operates in the North Sea…..

Unfortunately zebbo our wonderful politicians just don’t get it, or they will once they have to start buying in from abroad.

Every company in the North Sea is scaling back at a time when we need more. Supply is already creaking and there will come a time when we won’t have enough to support ourselves without buying in from abroad.

Dick I watched PMQ’s and agree with you.

Under Labour there would be no O&G companies left in the North Sea if they adopted their approach - can’t they see it?What they would do is cut the investment allowance to nil so effectively all O&G companies would run away from the North Sea and sentiment would collapse overnight. They don’t seem to grasp (as Sunak said to be fair) that if we have no industry then they will have to buy in from overseas which increases the price at the pumps and increases the carbon count. I suspect that majors and smaller produces will relocate to other countries. Nearly all the NS producers look like they are sticking together and cutting down on development or even making redundancies sending a clear message to our incompetent politicians.

Everyone talks about Green Energy but the politicians think it will happen overnight and we know it won’t - so out of touch. Alright talking about it which sounds good but they will never achieve this in the timescales. Look what happened to Nuclear power that the opposition parties opposed and see where we are now.

I’m selling if the sp hits around £3.50 or before the next election whichever comes sooner.

Atb

Thanks Troubled. You might want to consider a National Broker instead of Peninsular as many of them do have their own H&S as part of the offering.

Lets see how this pans out - I'm in at 20p

I completely understand your position troubled.

I used to work for a Commercial National Insurance Broker for over 30 years and had many clients of your size and larger. There was a common theme in the conversations about regulation, red tape etc. and client's vented their frustrations.

A good H&S Company will be able to assist you and take away much of the regulatory work although there is a cost. Corporation Tax will hit the larger Companies but does that mean they will scale back with recruitment and growth? I've said it many times on here that our country is broken and whoever is in power does not grasp the realities - they just want votes and play soundbites to make them look good.

Anyway, I'm retired now part in thanks to SQZ and other investment decisions but I again feel what is happening here with SQZ is mirroring the rest of Uk plc. We can only hope that this TW deal is to the benefit of all SH's and not the BOD feathering their own nests - time will tell and will hold until hopefully we get back in the mid £3 (if ever) where I will sell the remainder, especially before Labour come to power.

ATB

I’m with you troubled.

The Uk debt stands at £2.3 trn yet our Chancellor wants to focus on paying down debt. I’m 53 and am sure that in my lifetime this will never be repaid and probably will increase. How have we ever got to this position??? If you run your household finances like the government does theirs then we’d all be broke! Yet, we are one of the richest countries in the world….

All the things to come in like raising Corporation Tax, taxing everyone in general will not even scratch the surface. There cannot be any growth under the current government and subsequent governments. What makes me so mad (like we saw from Labour yesterday) is that all political parties do all these lovely speeches which is great but nobody ever explains how they can pay for it. If you are massively in debt you have to borrow more.

Agree with that Ginger

Totally agree D220 and I’ll be doing the same!

I wish I and everyone else on this board had your optimism Fool! However, for them to make their Policies work they will need to heavily tax and wouldn’t think for 1 minute that SQZ would benefit. It makes loads of sense to protect our energy security so let’s see what the newly appointed minister Mr Schapps has to say. Would be lovely that Labour would target the majors but they know this won’t bring in any extra. Anything for votes!

Positive: banks make more money when interest rates rise

Negative: our socialist government might impose a windfall tax

Been holding Barc for years and reinvesting divs along the way

Atb

Ed Milliband hasn’t wasted much time to say that the WFT isn’t working and that Labour would change the system. He hasn’t got a clue and it’s virtual signalling. Unfortunately, the public might not realise that o&g companies are being taxed at 75%. I’m sure all business owners wouldn’t like their businesses to be taxed at that level…..

Tax on banks will be next….

If (or when) Labour get to power all you will hear is the 13 years of ruin that the Tories have caused and that they won’t be able to fix all the problems in one go. That will go on for about 6 months to a year…..

Ultimately, there is no energy plan just a plan to get votes by judging the public’s mood.

That is possibly is the glimmer of hope we are all holding onto…

Financial consultant on sky said this morning that O&G companies are all unloved and fund managers not investing. But, Exxon want to buy assets as this is what they are: an O&G Company that makes profit from O&G. He reckons BP could be take over target in the near future. Also said that renewables cost too much to make a profit. Now try and telling our wonderful politicians that!

Finally, Ed Milligan’s was speaking on East Midlands today yesterday about increasing WFT to help people pay bills. Interviewer never asked serious questions and what was more unbelievable that he was telling school children that the WFT was a good idea. Got to sell my other half before labour come to power…

I’m with you on the SP Terry. I can’t see the SP recovering to ath’s due to WFT, energy prices being lower, dilution and taking on debt. Not only have us pi’s and Ii been shafted but would also think that the employees via their shares save scheme would be feeling the hit as well.

The only slight glimmer of hope is that they start doing deals to add value. However, with our bod track record on deals I cannot see this either.

Mitch has promised a lot - let’s see what happens…..

Well said Dick

Jono that was a far better response than your previous posts.

Like I have said my position on UOG is a punt for Jamaica only. Not really bothered about anything else. Used profits in SQZ so this hasn’t really cost me anything considering I bought SQZ at 20p and sold at £3.56.

If this comes off great and should know sometime in the next 11 months so not long to wait.

Atb