Member Info for Clued

Re RNS today

Surely the USD823k payable in Cash or, failing the latter, in shares is to be at 0.35p and NOT at 0.035p as stated in the RNS ?

Stargate, but why are they falling at all ? With a probable Recession en route, aren't Tobacco stocks meant to the desirable stocks ?

Yes Jeffff, the faster HBR exits much of the UK the better for us all. SHEL is getting fussier re UK investment and I can see them changing domicile from UK. Labour, if UK Govt next year, will be conflicted, after all their rubbish talk re increasing EPL, if there's a mass exodus from UK...Shd be interesting !!

Larry-...., no worries re the US debt ceiling. They always get it raised before the deadline as each side pushes the other to the limit to gain something. No party would risk being blamed for stopping the limit being raised....

Chrisofthewhites, if you were losing money, and forecast to continue losing money, going to work would you work ?? I would doubt it. Cepsa would be advised to move from Spain as they'd be better sacking everyone and existing as a cash shell investment company rather than continuing as they are... If Starmer gets in as PM and is unreasonable with the Oilies, certainly SHEL and BP. will repatriate somewhere else and that'll mean much higher reliance on those that remain. Starmer surely can't be that stupid ..?

Jefff, did I hear correctly that this coronation is costing £100,000,000.00 ?!! Thought there were millions living in poverty in UK and need funds for not just now but for energy costs next winter. After hearing about the coronation excessively high cost, if that is true, then surely I must be wrong about the millions living in poverty and needing the exceptional generosity of massive taxes from HBR, BP., SHEL and others ? And not even Saint Starmer has indicated that possibly some of the coronation costs would be better allocated to more worthy causes, eg The Homeless, genuine Poor, sick children / NHS, etc... What a spineless load of hypocrites many of whom I blame personally for our current poor market status. Just a Saturday night perspective of the UK to reflect upon !!

Thanks RazorsEdge though a lot can happen before the weekend !!

Yes Rhino2k, hopefully. When is US State to start buying for the SPR, their Light Crude now c USD69...?

Andymilman, you're a Pink Floyd fan or at least you quote from their music !! Much of investing (not trading which is short-term) requires patience. LGEN has been around for a long time and isn't really a share that'll double in price unless you're lucky to buy at the depths of a recession and sell at the height of good times !! But it is a good solid well diversified financial company with a super dividend. So sit back and enjoy the 7%+ div until it returns to whatever sp you're willing to sell at. My current average is 270p, though I have sold and rebought thus crystalised some profits, and I'll be adding more soon to enjoy the great div !!

SD235, Modular housing definitely a winner for higher volume construction and we all know about the severe housing shortage. LGEN is very solid.

Theaky, I can't see BP sp falling too low. They're in much better shape than pre-Covid and possibly still own their stake in Rosneft. Hindsight is always a great thing to be self critical, guess that's why long term investing to ride the ups and downs within the rising trend has positives along with the divi

And jmak1912, the Windfall Taxes Rate MAY be much lower so that BP's UK EL £800m Q1 2023 MAY be much lower per Hunt's intention (if one can trust him at all given his low ethics) to cancel it below a certain POO level.

Anyone know why GCAT sp down today when Gold is well up ?
From Reuters after US Close: "Spot gold added 1.8% to $2,016.79 an ounce. U.S. gold futures gained 1.64% to $2,015.90 an ounce."

Well Boyobach, OPEC will simply have to cut more production. The Saudis want to sell theor remaining stocks at much higher pricrs than under USD80 !!

Neil74, really hope we do open above £5. After a great set of Q1 results today, the sp fall was ridiculous. Yes, an increase in Div and Buybacks would have been nice as would a larger fall in Debt, but I'm confident BP weighed things up carefully. Their reference to how much Tax they've paid was quite telling I thought. The general joe public should be lighting candles in appreciation !!

spights, manipulation of oil price to satisfy SPR purchase price would mean a US Govt Dept colluding with major oil securities trading, eg within JPMorgan, Goldman Sachs, the large Hedge Funds, etc... If proved, that would have serious consequences for Biden and Democrats - would they risk it ?

Great post meoryou, generates enthusiasm for our investments !!

actomox, Motley Fool's Sheldon makes a lot of sense for LTHolders, reliable div., safe sector (recession resistant), etc.., as part of a diverse portfolio.

Gkerr, Yes hopefully the Results of both will be exceptional. Fortunately with BP and SHEL, they can move abroad and take their profits with them. As we've seen with HBR, which I'm also invested in, Hunt and Sunak have questionable morals as to how they raise their taxes, and even when they found the UK finances were better than expected that they didn't reduce the Energy Levy somewhat, thus proving their true colours. What irritates me most is that many - and I accept there are some who can do little due to old age, illness and low income - of those complaining about high energy costs still spend on their annual holidays, meals out and other luxuries, because these are now seen as necessities, rather than cutting their cloth to suit their means. It's very hard for a Govt to very accurately target those in most need because how can one measure whether someone is actually optimising their energy use and not wasting it, thus many receive State help when they don't need / deserve it. A lot of these 'save the planet' activists really have little understanding of all the implications of their actions. Even the Russian oligarchs overall have grown their wealth since Feb22 mainly due to resource prices increasing, Urals oil sells now well above the EU price cap !! The EU, US, UK and other Western bodies unfortunately no longer have the control and competence required to do a good job.

jakeandelwood, she was from an Indian scam call centre which are rampant in some cities out there. Did she say they wanted to buy Aviva ?!! I got a similar call years ago to buy some Unilever shares I had !! They must think we've no idea of the legal process to buy a listed co !!