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There was a Scottish guy at the AGM last year moaning at AB about no shareholder returns and about failing SP
AB didn’t really respond - what else could he say.
The government screwed us all over not him
I hope we get a clear message of when returns will start with no beating round the bush.
Be even better if buybacks have already gone ahead taking advantage of the low SP.
EnQuest could have easily bought $25m of the shares over the past 3 months after the Bressay RNS, the volume was high enough.
BTF We have no volume
The market is waiting for to see what EnQuest says on the 28th, if returns are delayed or we get a politicians plan of action the market will 100% give up, its last chance saloon time.
The dangled carrot is a little grey, shrivelled and needs a shave.
I still don’t think we are going to get returns this year, in my view it will be post the election and based on what Labour will do regarding the EPL
The plan will say something like “Shareholder returns will commence next year inline with the Kraken lease reduction and based on the terms of the next governments Spring budget. AB still has to focus on debt reduction as number one factor to cover increased profits raid and a drop in oil prices.
I think that’s why he hasn’t bought and more stock in the past year.
Would be a very nice surprise if the company announced it had bought back 10% of the shares on the day of the results. Why not use half of the cash from the sale of Bressay/EP seeing as it can’t be grabbed by the government
When the North sea oil and Gas workers start kicking off over the risk of massive job losses and the public realise the reality and lies over the WFT and Net zero Labour will do the complete opposite
This might be a question for Stevo or MRC to answer.
Do we already have in place an agreement between the company and its shareholders for Dividends and Buybacks still in place from when the company used to pay returns or do we the shareholders need to approve it first after they were cancelled/put on hold years ago ?
Not sure that will make much difference right now Jan, would just enable a few more bigger investors to exit around this level.
We need a EPL reduction or allowance to offset debt against it and that looks as likely as a conservative government winning the GE
This government is unbelievable.
New Gas power stations but we ain’t got any Gas to run them on and we ain’t allowed to produce it.
Not sure even Diane Abbot would have come up with a plan like that !