Member Info for Jim800

I guess Shell will also be trying to get as many fields as possible agreed and licensed prior to next Labour Govt.

“We want to take all your profit in windfall taxes but don’t want you to have any oil fields to make profit from.”

Oh, and no oil money ever to fund Scottish devolution!

All Labour have to do to get elected is shut up but they can’t even manage that 😀

From end of 22 accounts - available on this site:

Total Assets 3,803 Mn

Total Liabilities 3,968 Mn (of which 2,837 are non-current)

Factor in strange way Gas / Oil assets are valued for accounts and almost 2,000 Mn annual revenue (set to increase post acquisition) and picture a little more rosy than your figures.

But hey, don't have a position, talk rubbish - haven't you got anything better to do?

Looks promising for getting oil flowing again but Baghdad and Turkey making up doesn’t solve the other issues of Baghdad getting the money not KRG and then whether they will channel it to companies who are, in their view, operating illegally in their country.

Hopefully there’s enough profit there for some to trickle down to Genel but with paying of Turkish arbitration costs (for illegally exporting KRG oil), Baghdad getting a cut of KRG exports (SOMO now running the show, no longer KRG) and KRG missing out on billions over the last few months etc etc profit per barrel for Genel is going to be much lower than last year.

Tricky times and the risks of supplying a single unreliable customer all coming to fruition!

Still no news on Genel’s aspirations for acquisitions.

If Dof’s response is genuine it’s surprising EQT only took note of VH’s comments.

Guess the BoD agree with the more genetic criticisms of their project management abilities, their financial planning, cashflow management, poor comms, trashing of SP, dubious relationship with Altair etc etc etc.

SP drifting up on pretty small volumes and all trades, both buys and sells, looking like PI quantities.

Number of buys doesn't look much above number of sells so is it just Market Makers having a play about?

Another £9Ks worth @ 93.099 this morning after hovering over buy button for a few days.

Portfolio seriously biased towards DEC now so fingers crossed.

ESG investing seems to have taken a hit - Shell committing to keeping Gas and Oil production high as its v profitable and their green projects are much less so.

My 3 green AIM investments are all over 50% down - though I'm hoping at least one will succeed.

Can only guess on dividend as there’s been nothing formal but no income, loads of money owing to us and continued maintenance costs on the paused wells and kit doesn’t look like a recipe for continued payment to me.

Guess the BoD are keeping quiet hopping for good news on payments / pipeline. If they announce a dividend cut the shares are going to be worthless.

Oldtramp - looks like the market liked it as well. Bigger impact on SP than results.

Given the choice between successful Turkish business BoD members and Genel’s historically ineffective English BoD members I’ll take the former every day.

They have far more chance of getting things done in the region (don’t really mind how they do it (bribes, prostitutes, champagne dinners, threats) as long as it gets done).

Plus they now have some serious skin in the game so far more self interest at stake.

Would anyone really prefer a return to Goldsmith et al ???

Having had a £430Mn green transition loan, Wood have cut renewables work by 35% and increased gas and oil work! (Source, today’s Guardian - link on Wood forum).

Don’t see any Wood money coming this way.

Don’t tell Wilco. He gets very emotional if anyone takes his rose tinted glasses off him.

Black rock, Not at all hard to believe. We also pay vastly different taxes taking money out depending whether it’s a SIPP an ISA a share account and how much other income you have

Tax system is well overdue a simplification but WHT would be the least of my concerns.

C909 is just asking them to do what they promised - hardly spouting c@@p.

As for VH, only time will tell.

Being in denial of alternative views hardly a sound investment strategy.

I want EQT to do well but recognise it ain’t yet and may never. AIM is an informed gamble and we’ve been repeatedly misinformed here!

The discussion on WHT has been going on here for years. Some brokers good with WHT (HL and others) some not so good. You seem to get e we just you pay for.

Pretty sure last time BSI came up they have in their small print that foreign dividends are paid after full WHT as it’s not worth their while to reclaim. So amounts have not been “deducted incorrectly”you just need to change brokers.

KRG might be keen to get some income but looks like it’s Baghdad in charge now and they’ll be happy to ruin KRG to maintain control and power.

Mutual self interest never seems to apply in that part of the world.

It’ll be a rumour of something.

- pipeline opening again

- more Director buys

- take over rumours (I just made that one up).

If we knew we’d all be rich!

2.7p buys and a 2.3p sell this morning - that’s a bit of a spread!

Something happening?

What’s a genuine holder?

I hold genuine shares in EQT but have genuine concerns over EQT’s financial management, their ability to plan and close out projects and their ability to raise more funds on decent terms.

Guess as I’m not in possession of rose tinted glasses I can’t be a genuine holder.

Good look to all holders, pessimistic, optimistic or just realistic.

Andy, slightly off topic but you’re slightly wrong on the Fed. Although there are 12 Reserve Banks, each operating in a particular geographical area and separately incorporated, the only reason they hold “stock” in the Fed is to comply with legislation. The 12 Reserve banks are not operated for profit and are required to transfer earnings to the treasury after deductions for operating expenses, legally required dividends and maintaining a balance. No Div from the Fed.

As for banks looking after themselves, what’s new?

In addition, public construction (HS2, hospitals, schools, social housing etc) likely to benefit equally from both Tory and Labour funding promises. The battle for votes will all be about spending more than we can sensibly afford.