Member Info for MPO818

DiveCentre

Perhaps you are right - however the treasury is broke, they need revenue and it all points to the oil and gas sector. Furthermore the only way for then to reduce the growth of Reform UK is to match their policies - stamp out small boats and open up our own oil and gas industry. - and I believe that will happen. If not we are in for a miserable 4 years and a really long wait for Buchan to proceed.

Https://www.telegraph.co.uk/business/2025/09/06/its-time-labour-made-a-screeching-u-turn-on-the-north-sea/

Https://www.telegraph.co.uk/business/2025/09/06/octopus-boss-lets-restart-drilling-in-the-north-sea/

Just read Miliband's opinion of Rayner written in the Telegraph - Unbelievable level of praise and support for the excellent work she has done in government claiming that she is a shining example for British women. Starmer didn't have the backbone to remove him from office.

Will this ever return??

I have filtered all the posters guessing the VOD share price on a weekly basis.

Result - just a mass of green posts - thank goodness this practice is not repeated elsewhere.

Https://www.telegraph.co.uk/gift/057ec69fad338415

Without mentioning tax rates.

Once the Nat West holding was sold it was predictable banks would become a target for a further levy / wft huge buybacks will be curtailed and any growth crushed.

North Sea discovery

Norway has made one of its biggest North Sea oil discoveries in a decade.

It’s a development that will heighten scrutiny of Ed Miliband’s decision to end Britain’s fossil fuel exploration in the area.

Oil field operator Aker BP has uncovered a field that could yield the equivalent of 134 million barrels of oil in an area thought to have already been fully explored.

The find was made in the Yggdrasil field, an area of the Norwegian North Sea close and geologically similar to that of the UK sector.

Https://on.ft.com/4lB89HO

To be surprised at over 50 posts today - the market is CLOSED, chill and enjoy the weekend.

It's clear "THE GREEN WALL IS THICK TODAY" are all responding to SP giving hm/her the oxygen to continue spouting and winding genuine investors up.

All please use the FILTER facility and stop this nonsense.

Https://www.agcc.co.uk/news-article/north-sea-tax-receipts-plummet-as-windfall-tax-hits-investment

Nice - and rather unexpected the day before results, lets see the market reaction.

"RBC Capital downgraded Legal & General Group PLC (LON:LGEN) from Sector Perform to Underperform on Tuesday, while lowering its price target to GBP2.20 from GBP2.45."

An unbelievable opportunity to top up if this is correct - Announced yesterday that RR have pushed their pension out to an insurance company, and that company is being taken over by a US company (regulator not at all happy about this). The article went on to say they expect takeover activity to increase in the coming months/years. I have long believed LGEN (very under valued) are a prime target for the US companies.

Https://on.ft.com/4fuXFZf

"Britain gets poorer with other nations getting richer - global climate change impact NONE, thanks Ed.

Britain’s biggest oil and gas producer is axing investment in the UK and diverting cash to countries including Norway after Labour’s windfall taxes left it with an 111pc tax rate.

Harbour Energy plans to wind down its North Sea investments and has already announced 250 job losses in Aberdeen. On Thursday, a spokesman said the company would consider offering jobs in its overseas operations to suitable workers but most of the Aberdeen staff marked for redundancy would be leaving the company.

It came as Harbour report half-year results that made clear the impact of the energy profits levy, or windfall tax, which was initially imposed by the Conservatives and increased under Labour.

Harbour made a profit before tax of $1.6bn (£1.2bn) but faced a tax bill of $1.8bn, resulting in a post tax loss of $174m. This was largely down to UK windfall levies plus foreign exchange transactions.

Eckie8

"Clearly no confidence in this failing Company"

No, clearly to don't know what you are talking about - the results were very good, they certainly are NOT failing LTH, perhaps they are failing day traders, which is a positive for me.

Someone needs to give Reeves a lesson on the difference between how the industries work in Norway compared to the UK.

The industry is still waiting for an outcome to the consultations relating to future licensing and the successor to the Energy Profits Levy ('EPL'). Clarity on these issues is urgently required. In order for companies to sanction the large ticket long-term investments in the UK North Sea that will benefit the UK, a more appropriate tax regime that reflects reality is required. For example, due to the anomalous design of the Energy Security Investment Mechanism linking oil and gas prices, oil production continues to be taxed at 78% despite the average Brent price in the first half of the year at $71.9/bbl being below the threshold price of $74.2/bbl for termination of the EPL. As has been stated consistently by the industry over many months, we are not in windfall conditions.

Notwithstanding the current circumstances of an excessive tax rate combined with fiscal and regulatory uncertainty, we are confident that Serica can make smart investment decisions. This includes proactively seeking value-accretive acquisitions in the UK North Sea that will grow the business and deliver synergy potential.

Tradegate +20.50%