Member Info for NewKOTB

Weakest RSI since ... Jan 2015 !!!!

Seriously oversold, will be flashing STRONG BUY on traders screens.

aimo & dyor

Mommur,

Need to change your avatar to 'Wolfie Smith', lol

Seriously though, heads need bashing together and knock some sense into these idiots many of whom have never had a 'real' job so have no concept of what it takes to run a business, let alone one as complicated in terms of financial stability required to run an 0&G company.

If BP are looking to decom fields, then it would follow why not do a BKR style deal for them push out the decom in return for revenue, but would need to be a hum-dinger of a deal for anyone to taken it one given where we are today. Step forward SQZ, $1boe reserves and they will have a deal.

aimo & dyor

Agree, if the just hold the dividend until end of upcoming parliament, you would get almost 100% return of capital.

SQz generation of cash and available allowances is way undervalued atm, clarification of “loopholes “ will give us a real idea on where we stand… for me it has to be better than feared

Mercuria must be dancing around their boardroom with what’s occurring in this so called G 7 country, more like a 3rd world one, although give it a few years a little Britain will get there.

Mercuria will pick SQZ up for peanuts.

nothing has changed other than mr market taking the ****. nbp is up today alongside brent and our cashflow is good, so unless we have mercuria voting against the dividend it's a given, although we will probably drop to circa @130p/s ex-div.

aimo & dyor

"existing fields for the entirety of their lifespan.."

Just shows with a statement like that how out of touch they are with the complexities of running an O&G operation to ensure energy security. CoP for hundreds of fields will be pulled forward by years. At least the breakers-yards in India will have plenty of work.

Dick, hope you are OK, been a right sh**t day all round.

aimo & dyor

"I honestly don’t know how anybody can vote Labour or Conservative after what they have done to our energy industry and energy security..."

Problem is only a tiny percentage of the population, probably less than 1% actually understands the damage being done with the so called 'windfall', EPL tax, but soon enough they will all understand when bills don't fall and rolling blackout become common place.

aimo & dyor

Page : 128 : Windfall tax on oil and gas giants set at £1.2bn Funding (annual average) ....

That is particularly low imo

To support investment in this plan, Labour will close the loopholes in the windfall tax on oil and gas companies. Companies have benefitted from enormous profits not because of their ingenuity or Labour will create a new publicly owned company,Great British Energy. It will be owned by the British people and deliver power back to the British people Change Labour Party Manifesto 2024 investment, but because of an energy shock which raised prices for British families. Labour will therefore extend the sunset clause in the Energy Profits Levy until the end of the next parliament. We will also increase the rate of the levy by three percentage points, as well as removing the unjustifiably generous investment Allowances. Labour will also retain the Energy Security Investment Mechanism.

We will not issue new licences to explore new fields because they will not take a penny off bills, cannot make us energy secure, and will only accelerate the worsening climate crisis. In addition, we will not grant new coal licences and will ban fracking for good.

p52 : https://labour.org.uk/wp-content/uploads/2024/06/Labour-Party-manifesto-2024.pdf

Labour will not revoke existing licences and we will partner with business and workers to manage our existing fields for the entirety of their lifespan. Crucially, oil and gas production in the North Sea will be with us for decades to come, and the North Sea will be managed in a way that does not jeopardise jobs. And our offshore workers will lead the world in the industries of the future.

Labour will maintain a strategic reserve of gas power stations to guarantee security of supply. We will ensure a phased and responsible transition in the North Sea that recognises the proud history of our offshore industry and the brilliance

of its workforce, particularly in Scotland and the North East of England, and the ongoing role of oil and gas in our energy mix.

Closing in on ~10% dividend, unbelievable SP fall today, Mercuria will be snapping SQZ up as soon as it can.

No chance of an acquisition until Mercuria steal SQZ from us then watch it go from strength to strength with HBR style acquisitions.

aimo & dyor

Whimax,

"our 10% back in option in Namibia.."

That's an interesting one which is currently outside of the box in most investors minds and must of formed part of our strategic review, one you would have thought could hold decent value that would keep the wolves from the door.

aimo & dyor

"I wouldn’t want to be out of this over night at this point, and certainly not over the weekend.."

Yep, upped my ISA pot today to round figure to off-set my trading pot trades closed yesterday.

The angels are watching !

aimo & dyor

Sir Keir Starmer is standing by a pledge to ban new drilling in the North Sea, despite New Zealand abandoning a similar policy amid blackout fears. Labour’s manifesto, due out on Thursday, will feature a pledge to block all new licensing for oil and gas as one of its key energy policies. The party “will not be issuing licences to explore new [oil and gas] fields as we accelerate to clean power”, a Labour spokesman confirmed on Tuesday. It follows last weekend’s announcement that New Zealand’s government was lifting a ban on new oil and gas exploration. The ban was announced by former prime minister Jacinda Ardern in 2018. “The world has moved on from fossil fuels,” Ardern proclaimed at the time.

Really strong runup into close ... humm !

Worth looking at and seeing how SQZ could also benefit by moving our focus overseas.

https://www.harbourenergy.com/media/mfco4obr/240612-prospectus-publication-investor-presentation-final.pdf

Presentation :

https://www.harbourenergy.com/media/mfco4obr/240612-prospectus-publication-investor-presentation-final.pdf

Https://www.harbourenergy.com/investors/acquisition-of-wintershall-dea-asset-portfolio/acquisition-documentation/