Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Has the actual agreement itself ever been published? Does anyone know where it can be found?
Norway is high tax, but it is consistent, predictable, reliable , in marked contrast to the UK, which is frankly, a banana monarchy.
Concur, really useful sensible commentary. Makes the effort of sifting through the drivel that is posted on these boards worthwhile.
So, we can expect details concerning a UK stocks only ISA. So that punters can invest in stocks in poorly run companies (like LGEN) traded on a dog of an exchange, based in an atrophying economy. Can't wait.
SEPL price enjoying a nice uplift today. At least some of my investments are in stable, predictable jurisdictions like Ngeria. A decent hedge against the populist mess that is the UK ...
Clearly the market is looking for a FCF yield of over 100%! FTSE is a joke.
Share price ticks up nearly 1% ... the LSE is a dead market.
Decent Article. The point about RBL type vredit availability is well made. Of course, the real fans of the EPL will consider inability of Cambo to raise funding a big win. No doubt they would prefer the UK to import all of its oil from the Saudis and gas from Qatar.
Although Brent and UK natural gas are up slightly today, US markets are closed. The outcome? - all stocks in the sector trade down. The LSE is no place for any oil and gas stock to have its primary listing.
Do yourself a favour and avoid uninvestable UK energy. This company is being de facto expropriated by stealth by a populist government
Out of interest - can anyone find a rewasonable size oil and gas producer that has underperformed HBR over 1 year? It looks to me like it has pipped Tullow to the wooden spoon.
Anybody seen a link to register for an update call tomorrow?
Actually, the only thing that matters is what a willing buyer is prepared to pay a willing seller. That is the unequivocal rule of price determination. The issue here is that, irrespective of value, there are very few willing buyers. Why is it that XOM and CVX trade at more than double the valuuation of SHEL and BP? Why is it taht the only willing buyer for HBR while UK gas prices were in the stratosphere and Brent was $100+ was the company itself buying back its own shares? And now the company is not buying back, there are no buyers? There are no institutional buyers of oil & gas names in the European markets. ESG trumps fundamentals every time. This company will surely ultimately be taken private by investors that are not swallowing the ESG orthodoxy. Hopefully not at a ridiculously low earnings multiple. But if anyone on this board is expecting the share to achieve fair value while primarily holding UK assets ad trading on a LSE board, they are destined to be disappointed. Final point - this board really could do without the input of the conspiracy theorist/keyboard warrior fringe (Oil, take note). At times it is reasonably sensible, but today was pretty dire.
There are simply no buyers for this on this market. LSE is broken. A simple look my own portfolio paints the picture clearly. US stocks up; LSE stocks of the sme type well down.
This was in reply to a post about Petrobras. Not sure why it was so delayed.
Now there’s a comparable name - also plagued by political risk!
Yes, but Exxon is not a UK producer, so much less political risk, nor is it listed on LSE, so it’s shareholders will see the benefit in the share price.
No doubt it's political risk. If you had the capacity to deploy long term capital anywhere at the moment, would you choose the UK?
It does really defy reason - Uk gas up, Brent up, £ sinking, yet HBR is down. Have the buybacks been propping up a massively unloved stock?
Any HBR M&A strategy should be focussed on diversifying away from the UK.