Member Info for Greener101

I'd say you were more an evergreen value investor... :-)

Tories did EPl as a short term political win, plus budget win for their remaining term. Lab are left with the fallout. The obvious logic is clear, but Lab are hamstrung by the optics of rescinding a Tory tax on oil. Crisis would be a good time to get it through is my point.

https://x.com/TheCitadelBlog/status/1908173295079567779

Courage all joggers (including myself)

Oh dear I'm sorry - that was an imaginary press release the government should make.

Honestly I feel autocorrect is extremely annoying

If this isn't a crisis to make use of I don't know what is.

"In like of the rapidly changing security and economic environment, and the depressed oil prices, the government has decided to create jobs and energy security in UK NS. We will replace the WFT with a more flexible mechanism that gives UK Gov it's fair share in times of elevated prices, and supports the UK industry during low prices'.

I think it's safe to say the current SP does not include a more benign tax environment for Bucham at first oil! If you add that to go/no go decision that should be coming in the months ahead, that gets us a lot closer to the hallowed ground of Malcy's £10 prediction!

I think it's also interesting that although the hit to economic activity from Trump's shenanigans may depress the oil price, if you want to support US manufacturing one of the best catalysts would be to blast energy prices for non-US manufacturing through the roof (Brent), whilst keeping US energy prices stable from domestic production. Standby for the closing of the Straight of Hormuz and 50% sanctions on countries that buy Russian oil!

I also did not expect my morning JOG check to be googling that last comment only to find that the subjunctive is neither present nor needed in that phrase.

I did not think my morning JOG check would include le subjonctif

Not interested in Jim333 - I just thing it's telling that we broke support of 92, which means there is resistance at 95, looking for 120 tomorrow. Etc as nauseam

I'm just intrigued to hear what JS says when we hit £10 a share. Next stop - Shell, BP, JOG, Repsol, Sinopec, all the important oil cos.

As Repsol are publicly listed, may provide some analyst questions on Buchan at results, and some thoughts in their reporting documents.

This stock is major beneficiary of the turning attitude of gov to NS, Steve seems to get on with creating huge opportunities on a total shoestring. Surprised not to see a bump in the price.

Thanks for this - where's the best place to find this type of information?

I can confirm I bought 5k in two tickets last week and the price jumped 5%.

Other than JS cornering the market in JOG Stock, any news items here? Quite a move....

The key question is what will be the fiscal deal that is accepted?

If Neo and Serica are incentivsed to invest today to avoid EPL, to get a decent payback in the future, the financial model for Buchan will start to look very rosy indeed...

Steve! Wherever you are out there... some of us are listening! Even though the SP doesn't seem to ever move...

Well that's a good sign!

Agree Wolfonfire. But ultimately, without being inside Neo's mind, we don't know what this means. and If I occam's razor it:

1) We know the JV wants this to happen on the right fiscal scenario, they completed the FO and paid the $18m Feb 2024.

2) We know UK Gov is now in a tight economic and energy security spot, and need to keep NS going.

3) So - if they make the right choices in the consultation, JOG is a risky and highly levered play to capitalise on it.

Conclusion, hold until results come out.

Expanding a theme - the message being sent to NSTA and Government during the consultation is: "the Buchan JV to actually commit to Buchan is far from assured". Which, although unsettling to us, is probably a good one.

Don't think the FPSO is easy to find another buyer within 3 months - prep for sale is still under way.

Optically it doesn't look great but ultimately we're waiting for the outcome of the consultations (only fiscal really).

Maybe the govenment takes note - Neo still owns a chunk so keep some control? It does add a little colour on the negotiation...

Wonder how bad the market will take fright.