Member Info for Kitesurfa

In the US the price changes would likely only affect Medicaid so private sector (larger) unaffected.

Ex div rush 😵‍💫

Make that ~46%

About 60%. But I think this would only impact Medicaid prices and might impact the bigger private market raising prices to offset. Guesstimate would be a loss of ~$400m revenue.

Kind of irrelevant as not much profit is made in the UK ~8% and what is is offset against costs of closing down old hardware.

And yet again the gov seem unable to grasp that UK profits (taxable) are a fraction of their overall revenue . It’s virtue signalling at best…

Starmer and crew are just virtue signalling for votes. Energy already taxes to 65% and make a fraction of their revenue in UK. Amazed how many don’t do basic research but nothing new as makes headlines. Tomorrow should be spectacular apart from the moaning. Folks need to be mindful that a multinational energy company make more than a tenner lol

Down you say?

Saw that then remembered he’s off in the new year ??

same...bought another chunk at 2045...happy days :D

I suspect US government will need to relax rules/regs around opening new fields and encourage ramping up production. Interesting balance given election status.

I'm buying more. When folks are running for the hills its time to buy. Ukraine isn't finishing anytime soon unfortunately. GLA DYOR

Plus any WFT, given the way it’s structured, will be offset by green projects. Null issue of it actually happens.

Re: Windfall Tax

Great to see this votes down as wouldn’t achieve much in a global economic crisis. Unfortunately we just have to weather is out. Short term solutions do more damage than good. Batten down the hatches! GLA DYOR

Won’t happen….gov are just waving the stick around to ratchet the pressure up ref alternative energy sources. WTF would be a drop in the ocean for what is a global energy pricing issue.

As soon as China sort out their covid issues oil demand will explode.

Sounds positive. Won’t be a windfall tax as that’s too short term. I suspect we are about to see proper government support for new fields in the North Sea plus more encouragement for diversifying into renewables of which Shell/BP on well on that journey. GLA. DYOR

Recommend not seeking advice online. Best to do own research IMHO.

There won’t be a windfall tax. Not enough support for it in government. Great thing about huge revenues is that big oil now has more liquidity to invest in new longer term projects and development.

Looks like some new North Sea licenses will be on the table soon :-o