Member Info for Nightpusher

Thanks for the explanation on this subject of gaps,certainly have a better grasp now.Are you keeping an eye on PFC.Was thinking of utilising next Shell and BP divi into the company as price of these heavyweights is too high for divi reinvestment

https://www.reuters.com/business/energy/baghdad-krg-close-deal-resume-iraqs-northern-oil-exports-2023-04-01/

Suspect the cut has more to do with this headline that puts 1/2 a million barrels back on the market maybe as early as next week and might push Brent back to mid seventies a dollar so smart move to maintain momentum to $84 a barrel.

Ex divi 20th April,12c divi paid 19th May 2023

HM gov sold it's last remaining holding of BP shares in or around Oct 1987.

Sadly I disagree completely.The frozen dividend assets and the sale value of our shareholding in Rosneft are the assets of us shareholders and should be used to purchase assets that will replace those lost.BP did not start this war and I am unaware of any help that that BP received from anybody during the Macondo debacle.The Uk never thought to step up to the plate in July 2010 when BP actually nearly ran out of cash according to latter statements by Robert Dudley.Many countries that we operate in are now finding ways to squeeze us with windfall taxes and borrowing large sums of money to finance future projects are being hindered by ESG driven lenders.Correct that we have written down these assets but we can also take them back on the books as long as we repay any tax benefits that we received by writing down these assets.
For those who might be wringing their hands in disgust at my comments are you aware that my former company Schlumberger is continuing to do business in Russia,employing 10,000 people and making sheds load of money,picking up loads of new clients as Haliburton and Baker Hughes bailed out.Everyone quiet on this one.
Loads of Russian gas still pouring through Ukraine right now and the Ukrainians are still being paid transit fees.Strange war without doubt

what is the CGT rules to such transaction.
Pang bad news I am afraid.CGT will need to be paid on shares awarded as well as cash.Not sure exactly how it is applied but think it is determined by successful bid price.Perhaps someone out there can explain better.I hold a fair stake in Apache in US and they might be subject to a takeover in the next 18 months so I checked up on it.Sometimes you get a great price for your investment but its a huge hit for one fiscal year tax wise.

A few years back I bought some at 570 so I'm waiting for the 600s!

We have something in common ,my very first tranche of BP,pre Macondo,was £25,000 worth at £5.73,bought just after receiving my company profit sharing cheque,next one was £5.47,but have a breakpoint now of £4.64.Looking to start unload process around £5.15 but have a suspicion that once we get past £5 a share,a host of long time shareholders may have the same idea

Consider yourself fortunate Jedi,I have four contract notes from January 2014 showing buy price at £10.84.£10.72,£10.43 and £10.24.I certainly must have fallen for his and Goldsmith's long term strategy but doing ok now with this stock

You knew the final dividend would be 12 cents for 2022??? That makes it 18 cents for 2022,

That was all announced March 15th 2022.12.5% for a company awash with cash is hardly a big deal.All spent now and invested in the last 2 companies that I worked for Transocean(RIG) and Schlumberger(SLB) and they are flying now.

I am surprised nobody mentioned the fairly generous increase in dividend.?
Hi Tartine,missed it for sure 18 cent divi for 2022,did not catch sight of any mention of increase in 2023 and thankfully no special divi.If I wanted extra dividends I would buy back into GKP

Slightly off subject,any Interactive Investor users on here.New format looks like a disaster to me,cant even see daily share price movements on positions page.Is it going to be another Barclays/Smart investor exodous.Its free to move your shares on to another company.

https://genelenergy.com/wp-content/uploads/2020/09/Genel-Trading-and-Operations-Update-Jan-23-FINAL.pdf

Just to save you going to Genel website

"Nobody has caught on yet," but stay optimistic, even you might eventually!

https://www.rivieramm.com/news-content-hub/shell-shutters-prelude-flng-after-fire-incident-74385.

We now know it was an electrical fire and prior to the 4 month shutdown that this link reports,there was an 11 month shutdown from Feb 2020 to January 2021 due to an electrical trip which on investigation led to significant parts of the vessels electrical system to be found substandard and had to be replaced.

Only 36 hours production lost along with huge daily cost of running vessel keeps losses in six figures USD so far

Not sure it works like that having worked on rigs for 35 years ,will probably need a full scale investigation even if it was in the galley,

Good to see the Prelude fire not impacting share price too much but maybe nobody has caught on yet or perhaps plant will reopen soon.

Meoryou,had to agree about your comment about the Shell board,if Boyo stays off its very quiet but amazingly today we have 2 posts but absolutely no mention of the fire on the Prelude huge offshore LNG project that has been beset by problems in the last 3 years.They had only just sorted out a strike which kept the facility non productive for a few months.Not unusual in Australia working on the factor that whenever a full drill crew boards a helicopter to return to land ,the lowest paid person on the chopper is generally the pilot.Setting up an LNG plant offshore is a huge undertaking and not for a faint hearted oil company of which we now have many

https://www.reuters.com/article/us-dana-gas-arbitration-idUSKCN1BA272

Greetings Mick,you must be a newish shareholder to this very frustrating company,cant remember when it started to go pear shaped as it is so long ago but Dana still operates in KRG even after all their disputes.I agree with Tartine in that I am not sure that our case is that strong but I still have the patience to wait on as its a good dividend payer.Even if a judgement is reached the appeals process is lengthy as well

So glad the forum is getting exciting again, it's been a little quiet lately.

Hardly Ross,that award goes to the Shell forum as that excellent poster Boyo seems to be limiting his insightful posts to one a week

I though I had sold about then for £6.83 but cannot find anything to back it up.
A lot of highs and lows are only recorded on days closing price and not what is the actual daily high so you may well be correct that you sold for a higher amount than you see recorded.
Not sure I like to be reminded of April 20th that much but initial reports had it down as a shallow gas kick not a blowout.
In my time as an OIM ,a blowout is actually a sequence of events that leads to a catastrophic failure.Not sure the DOJ or Obama saw it that way.Best reporting at the time came from the Wall Street Journal.Telegraph was definitely the worst RIP those eleven souls that never made it back to their families

Everydaytrader.
Thanks for making me laugh today,certainly makes a change but I do miss Harry Gash's nonsense but I guess he is away doing a spot of sport fishing in Bangkok though surely he is still here with another name