Member Info for NAV_Mike

Thanks for the reply. so gas would have to fall significantly as well, thus virtually ensuring energy companies would be struggling to make any profits, let alone windfall ones

Jeez, how can governments be so economically illiterate? Or do they think companies will just hang around to be taxed into oblivion?

The hedges we have suddenly seem v prudent!

Is Brent now in the area where the EPL does not apply? Or is there the caveat that the price has to be at these levels for a ridiculous length of time?

Sorry - couldnt find the original announcement from when they amended it

Im convinced this is the yanks driving down the paper price so that gasoline is cheap in election year. Week on week of inventory draws and Cushing nearing tank bottoms, yet $71 ffs!

Well someone tell the rest of the market, as our first few days as a mega-company have been distinctly.....meh :)

Actually down 3.3p this morning against the closing bid price. Only showing as 0.9p as the closing auction was also very meh :)

Good article highlighting the skullduggery at play to keep the oil price trending lower whilst inventoty draws go on and on.....

As Ive mentioned before, US presidnts dont like expensive gasoline in an election year. Its the usual sage of paper vs physical oil trading

https://www.zerohedge.com/commodities/oil-slides-despite-huge-draw-sending-total-us-crude-inventories-2024-low

Well it wasnt bad news, but in all honesty theyve kicked the can down the road for another 25 day albeit chipping a bit more off the outstanding debt

The licence plans do sound v interesting and I think once the loan issue is sorted we will recover into the teens again

I wonder why they wont name the industry partner?

Thanks for the info Ab

Note to self.....remember to not just use the "Sell All" button when getting a dummy quote :)

I was about to ask the same question.

Over the last hour, the online quote has stuck fast at 29.12 - 30.0 with AJ Bell. Anyone else getting a different retail quote?

The gods of bad timing have certainly taken a dump on HBR today :(

Of course its all to do with 'deman concerns' and not the need for cheap gasoline in election year lol

PS - Exactly what windfall profits do you want to tax the NS into oblivion on, Mr Milliband?

Wow...that completed quicker than expected

If there is no rise over the next few weeks, I will be amazed

Lets be realistic here....

As FTSE 100 beckons for HBR, there will be a queue of fund managers waiting to take positions. Some like those who run tracker funds, will be obliged to.

Much as we would like pent up demand to squeeze prices higher, these guys dont play by our rules, so I can see them trying to keep this down until theyve filled their quota

On a separate note, ive been out and missed the latest drop in Brent. What was the reason? More demand concern issues?

Im pretty sure Ed Milliband's never ending stupidity will be putting all future NS unvestments under the microscope.

Yes I know ORCA's licences are probably excellent but they will obviously need funding. This will have to come from third party farm ins and we dont know (yet) what our potential partnets risk appetite is like in the current hostile environment

Im defo not negative on ORCA (aside from IR lol) but im totally aghast at the current government. If lenders start taking the same attitude the NS may get very messy

I realise ORCA is an absolute minnow and cannot afford a large IR department, but I think its very poor for them to let the 31.08 deadline for the Shell Loan and replacement funding to pass without a word

Even a 'holding' RNS would have been better than radio silence.....

I cant beleive that Milliband is sitting in a position of power, with the ability it seems to utterly ruin our NS industry.

He was an incompetent buffoon last time he was in office, yet here he is with a free reign to let his idealogical brain fa*rts ruin our energy security

Right up to the moment it drops 5p in a flash on a few tiny sells..... just as Brent hits its highs of the day lol

Brent slipping again despite another decent inventory draw across the board last night

These 'demand concerns' seem to be wheeled out whenvever the paper trading brigade want the oil price lower

Gas price holding well, so today's Harbor drop seems a bit overdone....probs profit taking after yesterday?

Will an early September completion make us eligible for the next FTSE 100 reshuffle?

Looks like this is going down to the wire (ie month end)

Seems an awful lot of fuss for this 'industry partner' to be making over a relatively small amount in the overall scheme of things. How will they propose to fund field development?

Hopefully when their name is revealed it will be some entity we have heard of

Looks like an AT trader had a fair amount to shift @ 5.15 which dropped the offer to that price

Was met with good buying, but unfortunately it looks like the sellers won out to give us a a meh close

Guessing that its the accounting treatment of the Caterpillar monies thats causing a bit delay/vaguery regarding the trading update?

They hinted at this before methinks

Another pair of large matched trades : 2 x 1.91m @ 287.60