The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The simple fact is we need the Oil and Gas and there is a lot sitting in both fields the government needs the TAX from both, how else do we pay for the great unwashed to protest all day long.
I'm betting on a green light for Bressay within 6 months.
Stevo may I point out Kraken didn’t start production until June 2017, so hasn’t been in production that long and was shut in for quite some time of that due to breakdowns, so you highlighting figures that simply isn’t true.
The key issue with Kraken drilling is timing, noting that the nature of drilling of the western flank, with its requirement for a rig hire, subsea infrastructure and long-range horizontal wells results in a long lead time for equipment orders. Timing is also important with regard to EPL, as it is more advantageous to invest capital towards the end of the EPL window, with the majority of revenues at peak rates coming beyond the EPL sunset.
As a result, we will look to protect Group production rates through investment in low-cost, quick payback drilling at Magnus and PM8/Seligi (as a reminder, both of these assets incorporate platform rigs, with no requirement to hire a drilling rig), while we are also looking into options to execute cheaper sidetrack options at Kraken in the shorter term.
I would have valued 2p reserves higher than what Stevo guess is due to the fact it’s so difficult to get a green light for new field projects. Demand for old fields must be strong, we are on the lookout along with many more NS oillies
SEK The company could buy $100m worth of stock but doesn't guarantee a price rise, Nothing is impossible nowadays
We have been saying the SP can't keep on falling along with the debt eventually its going to react, bloody well hasn't yet has it.
We are facing corrupt eco governments that run a unstable Tax regime (The worst in Europe) who the hell wants to invest under that control ?
I'd take high dividends all day long, at least that earns me something from my investment even if the SP doesn't
Why can’t we have a Mcap of just £250m with zero debt ? So far we have reduced our debt from $1.8b and our Mcap carried on falling as well.
Nothing makes any sense with EnQuest valuation
I think Romaron is correct the only way we are going to get our rewards will be through high paying dividends.
Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." — Carlos Slim Helu
I have never understood how you can become a MP without actually coming from a working background, these MP’s do not know what real work is, how the hell can any of these people tell us what we should be doing and what benefits us.
P155es me right off
Hertz is selling about a third of its global electric vehicle fleet, citing weaker demand for its electrified rentals. The car-rental company says it will use part of the proceeds from selling about 20,000 EVs in the U.S. to purchase internal-combustion-engine vehicles.