Member Info for MPO818

The last set of full years results were delivered 1st March 2021. If history repeats itself that is 7 days away. There has been no share price enhancing news delivered despite the bullish expectations of management. How much cash do they have left and what revenue was received in the year ended 31 October 2021. How many employees are now on board.
All will be revealed very shortly. Will there be another bullish statement from the CEO? Will investors believe him? will the market believe him ? It is all becoming rather tiresome.

Vladimir Putin is emerging as an unlikely saviour of UK oil and gas as tension between Russia and Ukraine heightens worries over fuel imports and leads to further calls for ministers to encourage drilling in the North Sea.
Russia is the largest provider of diesel to the UK — about 3.6 million tonnes were imported in 2020 — but Putin, the Russian president, is likely to cut off supplies in retaliation for the tough sanctions threatened by Boris Johnson if Ukraine is invaded. Diesel is essential for motor vehicles, trains, construction and the military.
Separately, Offshore Energies UK (OeUK), the trade body, has warned that domestic production of oil and gas will decline sharply over the next five years, which will increase Britain’s dependence on imports. The group said that Russia’s threatened invasion of Ukraine had shown the importance of the UK having its own energy supplies and minimising imports.
“The best way of securing supplies for the UK is by being at the start of any pipeline, not the end,” said Ross Dornan, from OeUK. “The move to net zero means that UK demand for oil and gas should decline over the next three decades, but lack of investment means UK production is falling far faster than demand.
“That is creating an energy gap that will have to be met by imports, including from Russia. The resources under the UK’s continental shelf mean our nation can minimise this risk but only if we invest in new fields and wells.”

I have an account with ii (they took over Equiniti) I have not done regular investing - charges are competitive £9.99 per month with one commission free deal per month.
With regular investing, you invest monthly – buying more shares every month. With ii, regular investing is also free. There are no trading fees to pay, and you can invest as little as £25 each month to gradually build up your portfolio. Regular investing may suit long-term savers.

Big oil on course for near record $38 billion in share buy backs. This makes the efforts of JOG to achieve an investing partner look small fry. Surely investment by one of these must be attractive.

In the desert aint gonna make any of us rich here - simply just sell to at least one of the 50 prospective clients.

"My crystal ball was damaged by Eunice earlier, so I can't really offer any more. "

Dick - I'll think about this humour when I go to look for my fence panels late. Hopefully we will all be blown away when the news arrives - Haha

Just to follow up if there is a dividend, no matter how small it may well be a game changer. It would attract large institutional investment and almost certainly secure entry back to the FTSE 100. Also sale of the oil business is still outstanding and that will have done very well with the recent strength of the oil price.

In FT today - Centrica ring fence customers money as it build up through direct debits. The regulator estimates £200m of customers money was used by the collapsed energy firms in the day to day running of their failed businesses, market experts estimate the figure to be closer to £500m. The article concludes that the coming results will be good and that a return to dividends is likely - this may be delayed for fear of a political backlash as people face higher bills.

Big fall in American indices today, they seem determined to create panic over the Russia/Ukraine issue. So for the second weekend markets/investors will be speculating what come next - Biden covering his Presidential failings.

The Americans can manipulate/destroy markets it always starts there.

Bloodbath in the States - maybe another Black Friday tomorrow.

Kev
Game changing technology becomes obsolete with time - you either have it or you aint, end of.

YOYO's spring to mind!!!

We could have a second positive day as US markets end close to the daily highs.

God only knows how or when the UK renewable sector will match the numbers reported here. An interesting read.

From an OAG report
Disinformation about so-called government “subsidies” for oil and gas firms continued to spread, even after a High Court judgment made clear that industry receives nothing of the sort. The sector has contributed £375 billion in production taxes, to date, and supports about 200,000 jobs.

The lure of a circa 13p dividend could drive these to 290p+ in the coming days, in relation to Aviva the recent drop here looks well overdone. All provided tensions in Russia/Ukraine ease.

Expecting a better day tomorrow:
President Vladimir Putin countered U.S. warnings that Russia may invade Ukraine within days by staging televised meetings with his foreign and defense ministers that emphasized de-escalation of tensions and continued efforts to find a diplomatic resolution to the security crisis.

I am rather anti the USA - I recall reading in early January some major US fund managers highlighting the attractiveness of the underperforming UK market. The US has IMO has overreacted to the issue in Ukraine, creating panic in global markets. I expect (and really hope) it to subside in the coming days/weeks. Biden did a similar thing before Christmas when he spouted his intention to release Oil from the American strategic reserves to reduce US fuel prices - result - large decline in oil price - looks at it now, over 90$ - Markets will do the same when this all blows over - war is not an option.

Thanks Haggis
This site keeps a few records, following this post I will have posted 39 times in 30 days significantly less than your relatively pointless 307 posts.