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Windfall levels are imv nearer $100 plus given cost inflation , so I think 22p is where we might end up by the end of the week , Brent is likely to remain at $75. Anyone think higher than 22p ?

Back to 300p , or perhaps 325p , ? . The amount of shareholder wealth destroyed by this grossly unfair policy is criminal.

Many thanks Romaron

Enquest just got a mention

If the Fed does 0% or 0.25% tomorrow, then the US markets will rise on Wed afternoon , so UK financials including Aviva should rally on Thursday , 440p on Friday ? , Just depends if /when the S&P financials rally back to where they we earlier in the month . Not sure our buybacks are helping that much at the moment , Will have to wait until the selling volumes decline much further.

They should have bought much more yesterday am . Anyway hope this gets above 440p before it goes ex div , Med term target of 475p this time next year . Possible further buybacks after this one completes will also be on the cards / up for discussion towards end of year.

Thought Fridays buybacks were informed by RNS on Friday evening ,

Buy backs are getting great value today but we will probably need a few months to recover. I guess I will probably buy some more when I get the dividend money in May and hope we get back to 450p by end of year.

Perhaps £300m over 75 days , approximately £4m / day, Say 950k shares today

Good news , at least they have now started , Oil a couple of bucks higher than yesterday’s close , so 265p target today . Back to 285p please next week

Dividend yield looks attractive at this level.. so topped up at 259p . Together with the 270p batch bought yesterday, I'm now wondering when the buy back scheme starts.? . Oil price looks oversold, so that could bounce back next week.

https://www.cityam.com/budget-exclusive-hunt-weighs-up-price-floor-on-windfall-tax-over-fears-key-north-sea-project-could-collapse/

Seems positive?

https://www.cityam.com/budget-exclusive-hunt-weighs-up-price-floor-on-windfall-tax-over-fears-key-north-sea-project-could-collapse/

Seems positive?

Bloomberg article which I can't read most of says plans are still being finalised, so don't expect anything tomorrow.

Guess all the Chancellor has to say tomorrow is give me a little bit more time.

Speculative buy. Topped up £5k here and £5k HBR
GL

Last year, selling a week before ex div would have been better from memory, but I'm targeting £4.75 by year end.. so pick up 31p in dividends this year and from 450p , 25p in share price rise.. 56p in returns.. if you just hold.. Supported by new buy back scheme and slightly better dividend next year.. GL

Last year it trended higher to about £4.60 and then a week before ex div date faded into it , so yes selling at £4.60 ish would have been the best idea , But this year is different , We have the update on the 9th and the expected buyback starting , so I expect the drop post ex div to be supported . At the moment , I still expect to trend higher this month. We saw £4.50 this morning and I think we will see it again tomorrow.

They haven't mentioned any special dividends.. just final dividend of 21p and buy back to start when final accounts released. (9 March).. Amount of buy back is still unknown, but could be in the £200m-£300m range.. perhaps higher .

I still expect from 440p to push the SP to the 465p range before the ex-div date (think 31 March) , and I can decide whether I want capital gain or div.. So I could be selling before ex div if it goes up as described.. just depends how good the update on 9 March is.

I think Hunt realises he has made a mistake , he should make an adjustment, at least say it only applies on production that realises a price of say $100 plus , and b/fwd losses can be used against the windfall tax as well , I topped up a little today. We could have a little SP positivity into the budget , even though oil prices are weaker.

They said they were going to start another buyback scheme when the 2022 full year results are issued on 9th March , subject to market conditions . Given the ex div date is 31 March , I think this could rally after 9 March so long as the buy backs are juicy enough ,

Secondly at 440p , even if it went to 419 ex div allowing for 21p div, I think it would rally back to 440p fairly quickly given the new buybacks would run for several months . GL.