Member Info for NewKOTB

ell's bell's .... 251p/therm $192boe.

"Anyone know whats going on?.... "

Bank of England raises interest rates to 0.25%

There is only ever going to be one outcome with our SP being held come 2022.

Added a few more, not a lot, just a little .... that's the magic of SQZ

aimo

Bank of England raises interest rates to 0.25% and we go down 4pts .... with ZERO DEBT to service and ~£200m in the bank, LOL.

lol, small error ...... 'current CapEx of £670m' .... > current MCap of £670m .....

L3T,

"What about taxes..... "

The great unknown ... way too many variables for me to make any meaningful forecast. PBT is always easier and a better gauge particularly as Rishi is also the great unknown when it comes to possible windfall's !!

Fwiw, should you use std 40% tax from PBT then we still arrive at an astounding ~£620,000 per month net inc est CapEx £50m, but then you have our tax losses, of £42m YE 2020 which were noted as to "provide cover well into 2021". Also, the massive CapEx used for Columbus / R3 etc will need to be taken into account at some point.

So afaic, the murky world of taxes remains crystal clear and certainly not my area of 'expert' knowledge, revenue is the all important gauge for me, without which, taxes are irrelevant .... lol

We do however have a few posters with much greater firsthand knowledge of the black-art, maybe they would like to comment.

atb

aimo & dyor

At current production ~31kboepd, NBP Jan 335p/ Brent $74 / hedging that's ~£124,000,000 per MONTH revenue, less Opex / admin still comes in at ~£114,000,000 per month with current CapEx of £670m and ZERO debt.

Roll-on 1/1/22, only 8 sessions away ........ Fandabbydosey.

aimo & dyor

Pushed up remarkably higher this morning from 5pm's 313p/therm last night, now at eye-watering 335p/therm open ($256boe).

Yep, few large late reported trades along with the UT.

tradeTime currency price volume tradeValue type micCode tradeType venueOfPublication
2021-12-15T16:41:14.000 GBX 249.942 50000 £124971 Off-Book SINT TNCP ECEU
2021-12-15T16:40:36.270 GBX 249.942 50000 £124971 Off-Book XOFF P ECEU
2021-12-15T16:40:36.270 GBX 249.942 50000 £124971 Off-Book SINT P ECHO
2021-12-15T16:40:36.267 GBX 249.942 49900 £124721.058 Off-Book SINT P ECHO
2021-12-15T16:35:29.570 GBX 246 46471 £114318.66 UT AIMX P

SP smashed down 6 pts within first 20 minutes of US Open ...... humm

M68,

As Mrs New keeps says ... don't worry, what goes down always comes back up ... ;-)

MG,

"I'm obese in BP but quite relaxed. Oil price is key here and, despite some blips, Q4 average must be going to come in at $70+....."

Q4 2021 average to date is:

WTI - $78.80
Brent - $81.37

atb

Think we will see a few large positional trades reported today also.

aimo & dyor

tradeTime currency price volume tradeValue type micCode tradeType venueOfPublication
2021-12-14T16:35:13.697 GBX 247 47798 118061.06 UT AIMX P
2021-12-13T18:59:05.000 GBP 2.41079 45702 110177.9246 Off-Book XOFF N TNCP ECHO
2021-12-14T17:56:56.000 GBX 245.822 44390 109120.3858 Off-Book XOFF TNCP ECHO
2021-12-13T18:35:41.000 GBP 2.41416 41456 100081.417 Off-Book XOFF N TNCP ECHO
2021-12-14T15:57:47.973 GBX 246 33018 81224.28 Off-Book AIMX P LRGS AIMX
2021-12-14T08:00:18.097 GBX 243 32388 78702.84 UT AIMX P
2021-12-13T18:06:24.000 GBX 243.1658 30282 73635.46756 Off-Book AIMX PRIC AIMX
2021-12-14T16:49:30.227 GBX 247 26720 65998.4 Off-Book SINT TNCP ECHO
2021-12-14T16:49:30.227 GBX 247 26720 65998.4 Off-Book SINT TNCP ECEU
2021-12-14T14:05:41.080 GBX 243.5 25000 60875 Off-Book AIMX P AIMX
2021-12-14T14:58:23.750 GBX 241 24000 57840 Off-Book AIMX CANC P AIMX
2021-12-14T14:58:23.750 GBX 241 24000 57840 Off-Book AIMX P AIMX

The date to watch in more ways than one imo.

NBP futures continue to climb as Putin tensions and worry of supply remain on the horizon.

Currently 312p/therm +6% today or ~$240boe (we are knocking out ~26,000boepd of these beauties atm, do the Math) vs low of 2020 8p/therm or $6.14boe .... wowzer !!

aimo & dyor

"Only a matter of time b4 Drahi courts DT for their shares, for the 30% threshold..."

Exactly the point I made earlier as to why Drahi went to 18%, not 17% nor 19%, but the magical 18% .... Drahi + DT would void the 6 month lockout.

Added loads more today ...

atb

"The company hired advisers at Robey Warshaw and Goldman Sachs to defend against any potential bids following Mr Drahi’s surprise entrance in June.."

And you don't do that if you are 100% sure UK gov will not allow the sale / part sale of BT !!!

MG,

"being run over by a bus, WITH Covid...."

So it spread to inanimate objects too, last time I get on a bus, WE'RE ALL DOOMED !! lol

Joking aside, the press / gov do walk a particularly fine line with Covid reporting imo.

Only on the FTSE 100 can you have a single entity by another 6% covertly taking holdings to 18% only for the SP to crash 7% in the first 3 hours of trading .... market manipulation at it's FTSE best.

aimo

Almsivi,

"It's been a fair old slog from 3p..."

Time for our board to do the right thing for LTH .... sell for in excess of +300p/s

aimo