focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Just got to ruff it out folks, this is not PMO we are a much bigger fish now.
On one day drop in oil and we get this , crazy. Driving season soon :-)
This is just a reaction to adverse weather in USA , China covid worry's which has hit demand. Hell even the wind is blowing hard after weeks of low wind speed, all will be forgotten in two weeks. All about the TU now with only ten trading days to take positions.
Just a reminder from TU in November, since then we have had Brent consistently over $85 and Gas over 200 pence/therm but we have dropped in SP from around £4.
Revenue of $4.1 billion with realised post-hedging oil and UK gas prices of $80/bbl and 86 pence/therm versus the average Brent price of $105/bbl and NBP gas price of 209 pence/therm
2022 total UK tax liability expected to be c.$900 million, of which c.$400 million relates to the recently enacted UK Energy Profits Levy
We are close to having nil debt ( PMO plague with debt ) buy backs at a huge discount and dividends. TU on the 19th not a time for rash decisions IMO
Why are we down.
Drop in price of oil
Drop in price of gas
War in Ukraine
recession fears
US bomb cyclone
WT
China covid worries
A gift at this price ? i think so as a chance of a bag here over the next year from this level.
China will open up again just needs to get through winter. IMO
proctor44 Well that is the 1 million $ question, i would say a near 50% drop in price might sway but who knows.
The shorts have their chance to leave but will they take it.
Posters were saying buy other assets when the price of oil was in the high 90's and gas was over 400 GBp/thm. That would have been a mistake so they have been right to wait.
Let the shorters out to get our value back, i will be buying more in the 270's if/when.
downbutnotout It will be back , they haven't even started buy backs yet and TU on the 19th , time to stay focused . i got 282.6p crazy cheep . Once China gets through this winter watch that engine grow, demand will be back to trend and Russia is now officially off limits. IMO
Well i'm buying , China issues not helping global demand fear of covid recession. Time to buy at these prices, got to remember the USA effectively closed down with that ( once in a life time arctic BOMB ) over the xmas period, this is just filtering through markets. All IMO.
Jeffrey1979 "Linda - it would be good to here from you luv?" You will on the 19th, not long.
Happy with 296 for a trade .
Because thet would entail forward thinking , they have none and are only vote counters sad as it is WE NEED ENERGY SECURITY. ( little rant )
On a plus we have the TU in 13 days and resumption of the buy baks , looking forward to any corperate news and with our reduced debt we must be in a strong position to capitalise also personally i hope for a continuation of buy backs .
cnoordz Yes difficult to find a safe jurestriction when dealing in O&G stocks, always some problem croping up. Is it just me or have other investors noticed the change in trading patters on here, time to strap in IMO.
Well as we close 2022 trading i really think this is the last chance to load up under 44p , 2023 is going to be another dynamic year for those invested here. IMO.