Https://www.prospectmagazine.co.uk/ideas/technology/energy/64247/the-need-for-a-coherent-energy-policy
also an interesting article here regarding the future of the UK's energy industry . Reading this gives me every bit of confidence in Harbour and its organic growth , and is clearly a leading player in the future of the UK's energy independence , in which the future UK's government HAVE to support !
Https://www.gov.uk/government/publications/technical-note-energy-profits-levy-energy-security-investment-mechanism/energy-profits-levy-energy-security-investment-mechanism-technical-note#:~:text=From%201%20April%202024%2C%20and,start%20of%20each%20financial%20year.
you guys seen this info?
Something is brewing it seems , the expiring hedges in a few weeks will help surely. Saying that the government need investment in the North Sea whether its renewables or fossil so therefor they will face extreme pressure to ammend this ridiculous tax .
Blimey the government won't like this , cheap gas and cheap oil in society ! I wonder what they will do next to artificially keep the prices high? Anyway I will say it again , a 75% tax at these prices lmao ! Oh.my.life.
Sorry I meant oil and gas companies got away with no windfall tax when prices were at there highest ! And pretty much since its been implemented prices have been on a downward trend. And they won't have any choice but to remove the windfall tax if oil and gas prices remain low.
I have always said it was the plan , for the government to cash in on the ultra high oil and gas prices, and then to wack a windfall tax while prices are low . How genius of them :-) now for the wft to be removed in the next 6 months.
Lower dollar value also means more demand for oil and gas as the commodity is therefor cheaper globally. Demand isn't going to go anywhere , however we are losing that "oil and gas" shortage rhetoric though..... which I guess is excellent for inflation.
Because less oil/gas will be sold at hedged (low prices) so therefor will be more profitable ! this previous quarter gas has been sold at 53p a therm (while spot prices were in the 100's) and oil ridiculously low too.
Im not down 50% as gapped down quite a few times , managed to go without a loss for the last 6 months (while picking up 2x divis) and lately sold at 253p and bought back in at 243p and then more at 220p so managed to improve my position quite a bit with my latest purchases (75% holding at 243p and 25% at 220p) . Still could of done a lot better but prefer to be in rather than out as im trying to go long rather than trade this.