Member Info for Cong

I saw that about 2019 etc, is a bit of a joke! Wonder if the rosneft write down will also come into that?

Even if OP goes down, people will want to take money from WT, oil profits are evil mentality is still very much alive.

My concern with EU WT is it seems like it may be applying it to profits already made in 2022, I'm not sure if I read that wrong, but if it does... That's messing with companies big time

Oil recovered a bit, but BP going against OP atm , back where we were on OP when BP was in low 30's

Just seen your last message! Thanks

Hey Spights, yea, sorry was commenting on big only as he said he bought in August and then said they didn't get the draw in the next month September, which I didn't think they would anyway?

Is funny, I literally made an account other day as have a bit sitting around and CBA with just sitting in bank, was just wondering if I understood it wrong if what big said actually worked. I'm Def set for Nov, just need to top it up!

Big, if you bought in August you won't be entered until October? You have to have 1 full month of money there to qualify, sorry if I am misunderstanding.

@ chandlery. Very nice! I too was thinking about it, just as I am little nervous about market at mo and checking too much! My target was 520 for a 50% out, but itchy feet... Really wanted to pay down my mortgage before renew in April next year ( great time to be renewing, yikes) so have time... But can it happen!

America seem determined to drop oil price as much as possible, whenever they can. For what I can tell, is no new reasons.

I know our divs are better due to exchange rate, but was wondering if that is helping the buy backs to any real degree atm? Probably didn't factor into if they were going to buy back US / UK at start, considering GBP Vs USD when they started, but seems like it is currently working in their favour? do you think it makes a big difference and might have changed their plans if they were going to start buy backs in US soon?

Bumble, I have too, it was just about EU though, so no idea what that means.

Spights, I find what's happening to be mad. I just don't see the cap helping . Crazy times

Russia blocked payments to unfriendly countries or some such, the money was directed to accounts and is potentially sitting there. I however think BP had this set up before Putin decided it for others. There is a telegraph article that was posted about 10 mins ago about this, sorry do t have link

Retirment, I topped up on last drop and that was it for me, average around 90 and will be doing the same as you!

Why did you not sell ages ago then? Why do you still hold BP, why do you not donate your profits to charity? All your comments are aimed at you as much as anyone else I really don't understand. If Oil goes on a rampage it will be bad, gas is the problem and the fact electricity is tied to gas prices. It's the system that's killing the system, $90 oil is causing issues, but not the doomsday you think it is.

The numbers you stated for FTSE 250 is a 24.4% drop from highest to lowest. Ignoring daily highs and just looking at Google the FTSE 250 is only 18/19% down since Sept. The FTSE 250 recovered more than the FTSE 100 hitting around 10% above pre COVID levels in Sept and are currently down 10% on pre COVID levels, roughly. The FTSE hasn't really been above pre COVID, but is only roughly down 2% atm.

I occasionally read the posts here, what I can't understand is the same people are always going in heavy, hits 9p, " gone in really heavy, loading up!", 8p, 4p, 2p, how much money do these people have? And then there in massive profits, it's just beyond me if they are being truthful.

Meoryou, yea I agree. I wonder how much of it is just because they want to get votes now Vs lack of real options / people who actually have good ideas.

Hey Lok, no expert wither and I talk BS alot, not meant to be any negative towards you, just saying what I think. I don't think it's stupid, I just feel some of it is just too late in that form. I think the gov should be looking to build up something like you suggest, putting stuff in contracts for new sites etc so they start to build something now that can last during the transition in the future rather than simply taking stuff now. I think the gov really dropped the ball the last decade, I would ideally like to see forward growth that benefits the country and business. Certainly don't have any plans or answers to that, but I've never understood why the gov doesn't have more to generate an income rather than just relying on tax. The country on all levels needs some work and restructure, 25% of your tax goes to welfare and 20% to health, neither of those are in good places right now.

Not sure Norway is a good example, don't they own like 60-70 % of all the oil and own Equinor? What your talking about isn't an oil and gas issue, it's like bumble I think said about tax, loop holes etc. Every business will use what they can and has tax relief and subsidies, it's how business works. O & G are just a convenient target, when others have got away with so much more. I also wonder without these would oil etc in UK have even been developed as much as it has? For instance due to **** poor policy's in COVID, I believe Amazon got massive tax breaks opening warehouses or something, that they were already going to open, when they were trying to bring more investment in. I think they have backed up enough to not pay huge.amount of tax for years. This is off the top of my head and vague, so sorry, but my point being is if you look around it's happening alot and o&g is just an easy target , they provide commodities that you couldn't live without and still use, rather than say Amazon, but let's make sure they have all the reasons in the world not to invest in UK more? It seems to be like your basically saying that gov should take over and make it state owned, or at the least ' steal' companies stuff. Russia hasn't even gone that far, even though there are murmurs, because that to me sounds like an act of war

Well, nothing that hasn't been said before, I mean there's a way to say it and there is a way to say it as if Jacob Rees-Mogg was talking, so that's new

I agree about not being in this position, and govs fault etc. But why if BP should pay, shouldn't everyone else that has good profits. Anyone that made profit during COVID, food companies, defence companies who profit from war, internet giants that pay no tax and steal our data? Lots of people can pay WT, BP is paying alot more than others already ( or should be) , what about those people who earn millions a year, why not increase there tax even more , lots of people can afford it and its not BP's problem that the UK ****** itself.

I feel Windfall tax is almost as lazy as increasing debt, no forward thinkers or solutions to any problems in the gov. The gov should have been creating assets and income like state owned oil does for other countries decades ago. We're in this problem because of the government's lack of , well anything, I really enjoyed that video of Tony Blair. I would love to see some plans coming out of gov, I am surprised considering O&G has WT, that electricity producers who are 4-5 x profits did not share that burden though.