The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Dumbly Hunty hasn't said a thing on Social media regarding the EPL nor has he said anything regarding our North sea so I don't see him throwing us a bone.
The lottery may be our only hope - I've bought a lucky dip for tonight.
We have about 5% chance of him modifying the EPL on Wednesday so I'm not getting my hopes up, But if he does we could see some real fireworks and most probably our largest daily rise ever.
Like I say not getting my hopes up
Could be down to EnQuest not being to bothered about the delisting rules and leave that to the Swedish shareholders to sort out, I think AB got P155ed off with the way the SP has been played by certain Swedish traders over the past few years and decided enough was enough. I think the cost was a excuse
Talking to IR and going through all the figures again I still believe we will be able to reduce our net debt by around $13.75m per month with hedges in place.
So I’m going for a net debt figure of $560 at year end.
Anyone else want to have a guess?
Back to yearly lows - God knows where we will be if Brent falls back towards 70
I received a written letter back from Gareth Davies yesterday - He did not answer any of the questions I asked and he did not agree that our smaller UK oil and Gas producers carrying historic debt due to investment and years of low oil prices were unfairly Taxed and the debt should not be offset against the EPL charge. He banged on about the companies ENJOYING the 91p Tax relief for every £1 they invest. You would be pleased to know we do support our oil and Gas companies as they move towards net zero and that relief increases to £1.09 for every £1 invested to reduce green house gas emissions
What a joke
Only 10 days ago they were spouting supply is 2m short and oil prices will hit $150 by the new year.
Today we are over supplied apparently by 2m barrels and demand is falling fast and oil prices could fall back towards $60