Member Info for Krakenoil

This morning Putin - Russia are ready for talks with Ukraine.

Fingers crossed a ceasefire deal can be achieved between the two. If this can be achieved that’s going to be another knife in the back of the windfall tax considering that was the excuse used to impose it in the first place

So who's going to be the first to pursue through the courts?

How can the government defend it ? They classed it as a Windfall Tax so prove the windfall. As Romaron stated below our industry profits are no where near the other sectors and that's grossly unfair. The sector has been singled out and blatantly attacked over another massive lie. Maybe they thought we had weapons of mass destruction as well.

That was the clearest bluntest rant out of all the North Sea companies.

Someone’s bottled it and sold 770k shares at 12p today

Do they know something we don’t or is it just the update worrying them.

Opec won’t allow the oil price to fall much further, SA will be hurting now along with the US

Labour can’t use the word extraordinary Profits to justify the windfall tax

Only thing left is the words “rising emissions” to justify it.

And time is running out for Labour’s stupidity and lies.

Jefferies cuts EnQuest Energy price target to 14 (17) pence - 'hold'

The British government axe chopped its own oil and Gas industry, put 200,000 of its own people out of work to claim benefits, throwing away its own energy security on the cusp of a world war.

Handing over £billions of Tax payers money to foreign countries to supply very expensive unreliable renewable energy.

Handing over £billions of Tax payers money to other countries for their own green energy projects

Raising energy prices so pensioners can’t afford to live.

Making it’s own country uncompetitive in all sectors

Flooding the country with unchecked young migrant men of fighting age

Are we sure this government is on our side ?

If this was the 1940’s this Government would have been lined up against the wall and faced a firing squad

I still lead the table on the worst possible timing buying shares. Got it bang on again.

Like I’ve said many times before never buy when I do. In Fact if I say I’m going to top up sell straight after.

Https://x.com/netzerowatch/status/1830995939496206552?s=46&t=PUOVTp6MPwanTcF7mA-EHQ

Ed’s scam

https://www.telegraph.co.uk/business/2024/09/03/miliband-households-to-10bn-funding-offshore-wind-turbines/

Labour are to remove the single persons council tax allowance - Blimey another savage attack on our pensioners.

Where is the petition we can sign to call another GE on the grounds of deception

Even the BBC are having a dig over Labour’s WFT https://www.bbc.co.uk/news/articles/cx287xq91e5o

Red Ed is taking a good hammering this morning on X Even Lee Anderson has posted a picture of Ed playing that baby Guitar saying "Back in the day if a grown man had been seen doing this in the middle of a field he would have been taken away and heavily medicated in a secure facility ! And he is in charge of our Energy policy

What could possibly go wrong ?

Trouble is this isn't even funny its damn well scary.

LONDON, Sept 2 (Reuters) - British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and accelerate a decline in output, an industry group said on Monday.

The Labour government, elected in July, has said the changes will help to achieve a ramp-up in renewable power and shift from oil and gas to reduce carbon emissions and help curb global warming.

Industry group Offshore Energies UK forecast the changes would reduce tax revenue by 12 billion pounds between 2025 and 2029 compared to the current tax regime.

Capital investment in the sector over the period is expected to fall to 2.3 billion pounds from around 14 billion pounds, OEUK said.

The proposed tax changes "will trigger an accelerated decline of domestic (oil and gas) production, and a corresponding reduction in taxes paid, jobs supported, and wider economic value generated," OEUK CEO David Whitehouse said in a statement.

Opec raising production from October causing the oil price to fall

Nothing yet about the need for the extra barrels due to global oil reserves being close to multi year lows.

I suppose once the traders have filled their boots from the short side the headline will change to suit the long side.

Its easy if your in the club

What going on with oil prices today ? Snakes and ladders

Its pretty clear the 2024 buy back programme won't complete, IR have said no decision has been made as yet on how to return excess funds back to shareholders.

Maybe extend the buybacks into next year and add in a Dividend for 2025.

I have a buy order set for 162000 shares at 12.3p it did not trigger this morning so there obviously wasn’t enough sells to fill it. Let’s see if it triggers tomorrow

Ed doesn't care he's rich and won't be affected, he'll be able to afford to fly without delays, drive on empty roads and breath clean air whilst strumming that baby guitar and singing in the grounds of his massive gardens

Pull the ladder up

Then we’ll have a real world pandemic on our hands