Member Info for Jim800

Aandi,
…”independent developer and licensee”
Is this the start of Eqtec franchises? That’s a great way to simplify cash flow issues.

If you couldn't pick the point out of the words then it's probably not worth you reading any of the comments. Just carry on in your own world if that makes you happy. Are you Joey Essex? He doesn't understand words either.

Not quite sure who you're talking about but if it is me I'm certainly not a leftie, never voted Labour in my life.
What I was trying to explain to people like you with very small brains is that just saying that a windfall tax isn't fair doesn't stop it becoming a majority view in the UK. I don't want a windfall tax as I have lots of shares in Shell - however that doesn't mean it won't happen or even shouldn't happen.

Window licker.
Firstly it’s windfall (ie the wind blows unusually strongly causing some fruit to fall).
Secondly, you not looking from the average labour voter perspective. They don’t have shares, private pensions or any benefit from oil share price or dividend.
What they see is massive unplanned profits (bit like the Govt’s extra cash from fuel duty). The socialist view is that these unearned, unexpected profits should be shared more widely. Difficult to argue against really, even as a shareholder. Millions of people out there worse off than me.
Get real!

Very well thought out article.
Though it does highlight two Chinese views:
They don’t care about Ukraine or it’s people
They don’t care about democracy
BUT they do want to achieve the best political / industrial / military outcome for themselves.

JC123 and L3T - both valid comments on my raw numbers - thanks.
Both of which add to the picture; one in a positive way and one in a negative.
As widely agreed, diversification elsewhere whilst we finish up in KRG seems to be the key to long term success.

Comparing 31 Jan an 11 Mar figures:
31 Jan 11 Mar
Tawke 17.8 16.9
Tawke o/ride 10.3 10.4
Taq Taq 2.1 2.0
Sarta 3.1 2.4
Receivables Rec 6.5 6.2
Total 39.8 37.9

Production not increasing which, in addition to reduced reserves is not painting a good picture!

Looking back there have been a couple of times where payments are 2 or so weeks after the "end of the month" so not really anything unusual. Looks like business as usual - which is what Genel need.

If you try to understand the logic behind brokers' recommendations you're going to get a sore head.
Mostly, they seem to come from drinking way too much before throwing darts at some numbers and then cutting and pasting comments from previous reports to support the numbers the darts have hit.
My only concern is the huge rise coming for energy prices, a big input cost for DS and other industrials. Finding ways to generate their own power locally is a project for all paper / cardboard manufacturers at present.

As per previous posts, it's difficult for Shell to do the right thing in a vacuum of a coherent UK energy supply policy and clarity in future tax implications, including the spectre of a windfall tax (which, like it or not, is gaining traction in the general public and hence politicians).
Given the above, it is no surprise they choose the "safe" options of buybacks and small dividend increases.
Both increased O&G Capex and transition projects would be more profitable and beneficial for share holders but are a risk until longer term energy and tax policies are in place. Hopefully UK Govt is realising that Shell and BP etc are the key to providing capital, marketing and economies of scale to embryonic green companies (there's loads out there struggling for finance (VLS, EQT, GEtech etc).
Sadly, politicians only there to get re-elected, not do the right thing for the long term. Shell trying to navigate these uncertainties as safely as possible.

Slightly strange to see the big rise before TU followed by a slight fall on reading the TU (which looked about as expected).
Possibly, investors not taking much notice of teh TU but SP just following the rest of teh market: Up big yesterday, down about 1% today.

No apologies required - your passion and posting of news items much appreciated.
Key point is your comment on scale necessary to attract investment but to simultaneously maintain completions - a tricky balancing act.
My fear for AIM companies is always cashflow - growth is great but over reaching your capabilities or spending more thna you receive in payments always ends in tears (or a rights issue then tears).
You think pace is about right - I don't know enough to make a call (hence the question) - any other views?

Char for PM.
Have you ever thought about entering politics? With your uncanny ability to understand the facts, come to a logical conclusion, express yourself clearly and elicit the most effective course of action you'd be a shoe in.
Failing that, if you were to set up an Investment Fund I'd willingly give you all my money to invest on my behalf given your inciteful and accurate comments on this forum over the last year or so.

Does anyone know whether starting more and more projects is diverting resources away from completing earlier ones?
Starts are great news but completions and accruals would be even better.

If the uk is ready to announce an energy strategy then they haven’t given it much thought and updated for recent events and as a result it’s likely to be a half baked pile of platitudes.
We need some clever people (not politicians) to take a long term view and balance energy security against cost to consumers against environmental issues and fair profits for producers to encourage long term planning.
Shell and the like spending billions on share buy backs rather than green projects cos they don’t know how they’re going to be treated by future Govts. Massive opportunity being missed for old oil and gas producers to be encouraged to spend more Capex on green projects without the threats of windfall taxes hanging over every financial report.

Sorry Rachel, Char is currently giving a presentation on world peace to the UNHCR so unable to respond.

"You massive spud"
Now whilst I don't mind a lively debate, especially one supported by previous quotes, I don't think you need to bring vegetables into the argument. What have potatoes ever done to offend you? Do you not like chips?
Please feel free to make your point but leave the veg alone - and try for 7 portions a day.
From the self elected Forum nutritionist.

Just having a tidy up of my portfolio this morning and noticed that one of my Income Funds (LF ASI Income Focus - not recommending it though) suddenly has 4% of its fund invested in DEC!
Has a 10% dividend overcome concerns about upsetting ESG sensitive investors? Or are they just reacting to gas prices and planning for even greater dividends in the future?

I'd suggest that BoD buying in a wider falling market is much more confidence inspiring than buying when it's at a high.
I think it's a very responsible move and has added to my topping up at 384 this morning. If only more executives on other Boards acted like this.

Not sure the situation will ever be clear for long. I doubt relations between KRG and Genel are that friendly given ongoing arbitration and potential for findings against KRG.
Any agreement only valid as long as it is economically and politically convenient for KRG politicians. Normal Western assumptions and acting in mutual self interest doesn't apply here.
News on diversification to other regions is key to long term survival.