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You could argue the price drops disproportionately higher than it rises when oil price rises. So we don’t go up as much as is justified by the commodity price but fall by more when prices fall. So we end up in a position where the price never reflects value. We are now 20% below the high of only a few days ago which is ridiculous and depressing in equal measure
The share buy backs having absolutely no impact on the share price!
The momentum here has dropped off a cliff so not a surprise any small rise yesterday has been reversed today long way back to £4 and until clarity on how Serica intend to play the situation it’s unlikely we will see any major uplift on sentiment alone
All afternoon to convince you the worst isn’t over yet
The share price never reflected fair value anyway but now the government has done us over no reason to think the share price will ever reflect fair value now
The government are real idiots need oil and gas security so just impose an arbitrary tax to kill off any incentive to extract more oil or gas they really are imbeciles and we trust them to run the country
It’s only 6 weeks since the all time high
What a change of fortune in that time based on nothing but adverse govt policy
I would love all north seA operators to cease production and see what the govt does then. Very bitter about the whole episode
The only UK focused oil and gas company I own and it is hit the worst of any share by the WFT falling more than 20%
You couldn’t make it up never buy a share I am in it’s never going to end well
The losses since the highs are crippling. Where’s my f#%%^€* handout?
How I’ve been done over here
I feel quite depressed
Any profit seeping away after years invested here no sense in what the govt has done I keep saying am going to turn off but this is a real kick in the financial proverbials for me
Is I finally find a share that doubles in value and more and I get %^***# over by a conservative government for the very reason the company is making money
Absolutely gutted and have lost literally 10s of thousands due to the fall from £4
Labour proposed a WT of 10% above current rates but a CONSERVATIVE govt decide to out do a socialist party and go for 25% it makes me sick to the core
Where is the incentive to make money ? Does that mean O&G get money back if they make a loss? Total garbage and never voting Tory again