Member Info for Could_do_better

Perhaps the rapid fall in oil company share prices is a reaction to the thought that there may actually be a change of government soon and the markets don't like the prospect of Labour getting back into power. If so, perhaps Sir Keir Starmer has the potential to cause another 'Liz Truss' melt down before he even gets anywhere near No 10!

If so it will be interesting to see how they justify any financial turmoil and what they'll do to mitigate it, especially as they are pushing the business friendly, trustworthy, strong and stable government drum.

Then again maybe it's just generally a bad day for oilers!

Might have more to do with politics and inflation data. Who knows nowadays.

Tullow down %5, Glecore down ~4%, Enq down 3%, Shell down 1.7%, BP down 2.3%

Doesn't being listed in the FT250 again, come under good news?

All I know is I voted against this deal and certainly don't think the outcome is a Slam Dunk. If it was, I doubt someone would have taken the time to call me yesterday! Had they offered a reasonable price to start with I may well have supported it but not this deal.

404x thanks for the help. Vote submitted, fingers crossed it gets voted down.

Hi 404x, I contacted HL and got a reply back on the 29/3 saying they hadn't sent anything out yet because nothing had been confirmed and I still haven't received anything. I made it clear I wanted to vote against the proposals in my e-mail. Have you received anything from them then?

Hi, I fully support your actions but I'm not filling in the survey as I only have 20,000 shares. I was prepared for any dilution/fund raise and would invest further if there is a viable opportunity.

Perhaps British Volt's loss will be Glencore's gain? If the providing of additional funds a while back came with a first call on assets should they fail later, then maybe this could be a way for Glencore to acquire the necessary IP and infrastructure to get into battery production and recycling?

Hi,

Sorry nowadays I don't spend too much time reading posts on this sight so I might have missed this bring answered somewhere else already but does anyone have any real knowledge on how and exactly what this is going to be calculated on?

Hadn't really considered it until now but it did get me wondering. A windfall tax on excess profit sounds simple but what constitutes excess?

Is it addition production over the norm as a direct consequence of the unusual market conditions? If so how do they determine the expected norm production in a normal market and over what period, as it was a severely depressed market during Covid?

Is it based on the excessive price over that of normal market conditions and again what would they have calculated the normal price to have been if the Ukraine conflict had not occurred?

Is it some other mechanism that takes into account the excessive profit over that which might reasonably be expected under normal trading conditions?

I can't see how anyone could reasonably argue it simply an increased tax on all production on the total profit declared as a proportion of that profit would have been that expected under normal market conditions and therefore should not be subjected to any addition taxation.

I hope that at least makes some sense? Seems to me that applying a Windfall Tax on unexpected excessive profits sounds simple and makes a nice political soundbyte but I think the reality of applying it is somewhat more complicated.

Or just a bad day on the markets generally, Hur, Enq down 5%, Shel down 2%, FT down around 2% so I suppose Tlw down 5% should not be that big a surprise.

Hope Tullow share price is following the price of oil today. Currently showing as $10558 a barrel on HL website!

Got it. Thanks

Hi any chance you could post the link as I can't seem to find the webcast anywhere

Thanks for your reply, I hadn't picked up the information about OPEC, that does help explain about the dip in oil prices. Not sure how long they will continue falling though and got no idea what is happening with gas at the moment 355 last I saw, up to 800 yesterday!

Thanks for your reply, I hadn't picked up the information about OPEC, that does help explain about the dip in oil prices. Not sure how long they will continue falling though and got no idea what is happening with gas at the moment 355 last I saw, up to 800 yesterday!

So that's why it didn't reach 90p earlier today! I knew there would be a good reason. Fingers crossed we will get both peace and your prediction very soon.

As a long term holder of Tullow I suppose I should have expected something of a drop today but can someone explain why the fall in so many commodity prices? Commodities like oil, gas, gold,silver, copper,iron,zinc,aluminium,wheat,oats,rice,corn,lumber! After the actions talked about regarding restricting trade of oil and gas and the problems with fertilizer and wheat coming from Ukraine, I thought prices would be rising not falling in the current environment and markets would be more generally on a downer. But today markets in General appear to be strongly up in most things other than those that may be in short supply. How does that work? I would have imagined if something was going to be in short supply its price may has risen. What am I missing here?

Thanks crl your reply gave me a chuckle. I'll be honest my Wife probably won't care and will take it all in her stride not least because she's appears to be increasingly away with the fairies nowadays. She'll probably just leave it to our daughter to sort out, it's her I feel a little sorry for. As you say one way or another it will get sorted, it's just the stress of things being out of your control when you thought you had all the bases covered that causes the issue. Unfortunately that seems to be the order of the day more and more recently. Such is life I suppose.

Well at least it's not just me in the dark then! My wife and daughter come back from Tenerife Monday evening, so I'm rather struggling to help them. A little notice and a bit of forward planning would have been nice but I suppose that would be rather out of character for the current government!

Hi all, quick question PCR testing for arrivals in the UK announced tonight. Is there any word if this is with immediate affect as I can't seem to find anything that actually states that, only that mask wearing is likely to start again early next week? If so what happens to those currently away on holiday that have already purchased their LFT tests to use on their return and how do they go about sorting out the PCR tests now whilst they are out of the country?