Member Info for Krakenoil

Because Enquest carry's £2.4b worth of Tax credits So she would be saving over a £billion in TAX and adding to the portfolio then use the 50k Enquest production to pay the EPL

And use their Tax credits to offset the EPL but it would probably be in the region of £1b but would receive around $2.4b worth of Tax credits, production around 50k of Brent and a large increase in reserves !
I bet Linda is looking at it

Barclays cuts Harbour Energy price target to 520 (585) pence - 'overweight'

£5.20p is fine by me

Mrc , Yes please do, anyone to bring back sensible politics will be a breath of fresh air.
These loonies including the loony media must be flushed out, the public are sick of it.
The country needs a real leader

BP boasted "Windfall Tax wouldn't make any difference to their profit as its only 5% anyway" That got the media headlines and then the government had to respond !
It was a rushed move by the government and now its going to kick them up the ****. I'm expecting them to lower the EPL back to 25% and then introduce a floor to that around $80 bbl
They know full well its going to wreck our energy security if they keep it as is

But with Tax credits due to run out for Harbour they have been hit the most. BP must be laughing as they are they one that’s caused all this by boasting about it’s huge profits.
The media then jumped it that, rallied up the British public into a frenzy putting pressure on this week woke government.
The government should have stood its ground, told the truth correcting the British pubic not damage our economy with the madness of WFT’s.
Now we are all screwed as profit has become a naughty word

Positive reading from HBR TU this morning, Linda hasn’t held back from holding the government to account for making the North Sea uninvestable and the cause of potential job losses
She is right 75% Tax is ridiculous

I wouldn’t count your chickens just yet, the usual “Sell on news brigade’ will dampen the SP today, wait for next week for a steady rise towards 350p

Great update and the reduction of $800m debt this year should add about $1b to the MC
Well done Linda on standing up to this vile non conservative government

Best get our tin hats ready

Frightened to hold for the update !

Also a possibility for the EnQuest producer sitting in between Kraken and BB aiding the Hot water supply and also the pressure to and from the fields.
Who knows

HBR have their TU this week, will be interesting seeing how they are dealing with the EPL and how fast there debt is coming down.

Maybe he fancied buying a nest egg worth of cheap Enquest shares to tuck away for his retirement fund.
Obviously filled his boots and now awaiting his P45
Dirty ! But I’m not complaining as I’ve also filled my pot with more cheap shares.

Barclays raises EnQuest price target to 32 (20) pence - 'underweight'

Blimey- James must have had a re-think

Looks good

Hitman, Yes possibly with Harbour being the better bet with its buy backs and 6% D.
But if Enquest were to announce a buy back program around £50m along with a D of say 3p then Enquest will be a far better bet and could easily double the Mcap within a short period of time.
Both companies need higher oil prices to offset the WFT

That’s what I said last week, always a way around a rushed tax law.
All shareholders to be consultants for a day and invoice the company accordingly.

Who else de-ramps a stock when they own £360k worth of that stock especially when they are holding a paper loss of £120k lol

Oil prices seem to be showing signs of breaking the downward trend its been stuck in since June 22. This is the second attempt in the past few weeks. Looking for a move back above 90 and holding before the end of the month.