Member Info for davef24

If he announces anything over 30% WT this will fall through the floor, fingers crossed we dont get ****ed again

North Sea oil and gas production will be hit by hiked windfall tax, says Investec
The UK jeopardises future North Sea oil and gas production and the country’s reliance on carbon intensive overseas vendors if the windfall tax is toughened up tomorrow, argued an investment analyst group.

Investec predicts that expanding and raising the Energy Profits Levy will have damaging “medium term consequences” such as a more rapid decline in North Sea production, accelerated decommissioning in existing projects and a greater dependence on higher emission imports.

It could also have”implications for the wider supply chain” with around 120,000 jobs linked to the North Sea across multiple sectors of the economy including transport, infrastructure and manufacturing.

The investment group expects a 25-75 per cent drop in the value of exploration projects over the duration of the tax, and has reduced its recommendation on Harbour, the largest UK North Sea producer.

It has now dropped its recommendation from buy to hold, reflecting higher uncertainty around the development of the continental shelf.

This follows equally gloomy forecasting from investment group Stifel, which warned last week that the UK risks no new investment in the North Sea oil and gas sector if taxes are hiked.

If they go anywhere near 40% windfall tax we are all ****ed, this will drop to £2.50 and it will be years before we see £4 again. This government needs to go ASAP

300 here we come such a **** share

Nick needs to go, completely **** CEO

10.30am: Harbour Energy tops FTSE 100 fallers on windfall tax worries

Shares in North Sea oil and gas producers dropped this morning, amid reports that chancellor Jeremy Hunt is considering increasing the emergency levy from 25% to as much as 35% in his autumn statement on Thursday.

Harbour Energy is the top faller on the FTSE 100, down 7%, while shares in Enquest have dropped 9%.

My money is on a 10% drop today which is a joke

This is definitely going under £3, got sucked in myself. These broker ratings are a joke

That's why I've started to sell off, can't be bothered to hold these for another 2 years not moving. Better places to invest

Back to 8p today what a ****

Why would this make the share price move? Won’t make any difference

It drops on ex div date not payment date

Hmm well I got paid 18.5K today div, if you spread bet you get paid in ex date NOT final date

The main reason for todays drop is 9.5p of it is the ex div paid to spread betters today. I'm sure if oil picks up it will bounce back tomorrow

If you spread bet you get paid today as I have :)

Also rookie1 ask yourself a question, why would Harbour Energy Chair Thomas sells GBP5 million in shares before collecting a div? Something smells off here. Just a thought. I’m a hbr supporter but it has been up to £5:30 then dropped massively back to £306. Just bit concerning. Also I’ve normally been able to sell but today I couldn’t. When I call my broker he said there’s just no takers for even the smallest bit, I’ve never known that.

Rookie1 I spread bet and I’m holding 2000 a point which is a huge amount 950k. I know how ex div work and when you spread bet you get paid the ex div amount on that day it goes ex div. Thursday I will get paid the div but to gain I really have to hope on Friday it gets back the drop from Thursday.

The one thing that worry’s me about this share is trying to get out of it. Today I tried to dump a few and for love and money I couldn’t sell not even at £25 a point. It’s a ****er to get out of if you have a large holding. I have a feeling there’s a few big sellers out there still which makes it impossible to close yours

When a share goes ex div it falls by the amount it pays out, so Thursday it will open down 9.5p lol it never goes up on ex div. So the light hood this will be back to 445 before we see any bounce

nice Barclays raises Harbour Energy price target to 715 (540) pence - 'overweight'