Member Info for NewKOTB

We need a glowing EY report first, then we will see our SP react accordingly, hopefully breaking 300 for good.

Been almost 4 months since DT engaged Ernst & Young !!

aimo & dyor

Hardly a day goes by without a cyber attack of some kind, DT sales team must be loving it !!

aimo & dyor

Decent buys today ..... hummm !!!

It was the £61.60 UT trade that did the trick ... ;-)

Nanoz, "first post", think you may have forgotten your 2 previous posts from last year on SQZ making 3 in total for you entire posting history since having your account in 2021.

But yes, politicians have made a right sow's ear of the job, that said still time to make a silk purse !

atb

aimo & dyor

aimo & dyor

THAT'S IT I GIVE UP .... KEEPS SLICING OFF MY REPLY !!!

Surprised,

"SQZ now has fundamental downside protection whilst also having the ability to generate increasing free cash flow, even on an oil price drop..."

Think you have your head in the clouds .... We need 6 consecutive months of low prices in BOTH oil and gas to be 'protected', until then we pay a ridiculous windfall tax on what should now be classed as normal earnings afaic. OPEC+ alone will ensure WTI does not fall below the

Surprised,

"SQZ now has fundamental downside protection whilst also having the ability to generate increasing free cash flow, even on an oil price drop..."

Think you have your head in the clouds .... We need 6 consecutive months of low prices in BOTH oil and gas to be 'protected', until then we pay a ridiculous windfall tax on what should now be classed as normal earnings afaic. OPEC alone will ensure WTI does not fall below the

CONTINUED .... OPEC+ alone will ensure WTI does not fall below the

Surprised,

"SQZ now has fundamental downside protection whilst also having the ability to generate increasing free cash flow, even on an oil price drop..."

Think you have your head in the clouds .... We need 6 consecutive months of low prices in BOTH oil and gas to be 'protected', until then we pay a ridiculous windfall tax on what should now be classed as normal earnings afaic. OPEC+ alone will ensure WTI does not fall below the

Surprised,

"SQZ now has fundamental downside protection whilst also having the ability to generate increasing free cash flow, even on an oil price drop..."

Think you have your head in the clouds .... We need 6 consecutive months of low prices in BOTH oil and gas to be 'protected', until then we pay a ridiculous windfall tax on what should now be classed as normal earnings. OPEC+ alone will ensure WTI does not fall below the

Flexmw,

Morning,

As we all know the macro environment has changed beyond all recognition, with high inflation (compounded @ +44% since 2010), major supply issues with Russia off-line, UK storage for NBP still woeful, not to mention increased Opex costs. We can then add due to EFL reduced NS investment knock-on-effect, green agenda being pushed, Labour's folly for net zero, supply crunch, OPEC needing >$80 WTI, I could go on but you get my drift.

IMO there is no way we will ever see these floor's come into effect as is. Remember, end date for this 'present EFL' is 2028, after which, god only knows what will replace it or what state our NS O&G industry will be in, let alone the UK !

Personally, I don't want to wait until next pandemic to see both O&G floor's come into play.

aimo & dyor

Thanks to happyinvestor100 over on HBR

Https://www.telegraph.co.uk/business/2023/06/08/jeremy-hunt-poised-ease-windfall-tax-boost-north-sea-oil/

Updated article. Extract below

But the shake-up was met with a backlash from industry bosses, who said it would make no difference.

One oil executive, asked about the changes announced on Friday, replied: “You don’t print expletives do you?

“What’s the point of it? [It] won’t encourage banks to finance or companies to invest.”

Weird how the proposed 'floor' for NBP of £0.54 per therm for gas is just a tad below recent low of 55p/therm !!! lol

Megla commented earlier that this new floor appears to have been drawn up by a 5 years old, well Hunt does have an 8 year old, maybe they worked on this together, only way it makes any sense to me.

Good w/e all .... slap on that factor 50, esp on part that don't normally see the sun (ooh err missus)

AIMO & DYOR

"The SP just stubbornly refuse to break 300p..."

Probably for a reason ..... could well be a major accumulation going on by several parties on behalf of a single buyer with limit set at 300p/s. Very unusual for the SP to bounce off on multiple occasions. Just before the BofA ML started Darktrace at 'underperform' (26/5) we had 3 consecutive day of trying really hard to break 300p ... then WHAM, BofA coverage down 40pts that day, think DT may have been getting too close to breakout .... slow climb back trying to break once more 300p and today taken down ~4% on no news day !!!

aimo & dyor

N/m

SQZ on some daily green candles winning streak atm, last seen several years ago. How leaky are our new partners in crime is the question or just a case of Mr Market seeing value particularly with dividend yield of ~6% this month ?

aimo & dyor

One of the casualties of this EPL is the ability, or should I say inability to raise capital against RBL ... This 'tinkering' with the EPL does noting to address the ability for companies to plan large CapEx projects as the banks will just see RISK, RISK & more RISK.

As mentioned before, this will have only hardened NS players to deploy capital outside of UK and other mercenary tax regimes.

aimo & dyor

So in effect it could fall below the floor for 3 consecutive quarters less a day before we see any benefit... or worst still, break the floor limit every other month and we would could be dealing with 9p/therm and still not get any relief on 75% tax rate. Total and utter mess this EPL ..... Just BIN IT and start again this time in full co-operation with the companies that will ensure UK energy security and enable the green revolution with a suitable tax going forward.

aimo & dyor

Outside of market crashes, ie Covid / financial / economic recession etc ..... I'm struggling to find an example atm

Why didn't they wait for two consecutive quarters of highly inflated O&G prices before introducing the EFL .... better still fix the broken energy market.

See Mr Market is not taking this news to heart, small gains today across the NS Players

aimo & dyor