Member Info for Nitro182

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.

Unfortunately thats the future Jeff so may as well make a few quid out of it.

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.

Could be the orcadian pilot field news

Sorry I meant for the oil and gas producers ** to cash in

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.

It's like we have buybacks in action. Good ol Carlos ;-)

Oil at 78$ and gas at 95p a therm (Mid winter!!!) It's now time for the government to knock this 75% tax (!!!!) On the head !!!

This is such a good well run company though , shame the government are thieving from it though the sc*m commie a*rseh*les

So with that production it will get 90% rebate from the EPL ?

Whatever you do , dont hit that panic sell button ;-)

In the US they have upped the production by 5 rigs in the last week ;) and yeah SP holding nice and steady really. Its an interesting week for Orcadian Energy too, something to keep your eyes on.

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.

The hedges in 2024 will take care of these volatile prices

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.

The key is , dont get emotional like Rookie and hit the panic button ;-)

The exciting outlook is the hedges falling away in 31 days time , and thats written in black and white ! i guess once that happens and the brokers upgrade HBR's SP to a buy rating the SP will increase accordingly.

I wonder if the pullback here today is to do with the Orcadian Energy Pilot deal ? they are also down a lot (6%) due to a 7 day extension on their field farm out due to complications with the deal ?

TBF Rookie it might be the ties the BOD have with Washington that just bleed this share dry , imagine how much the traders have made out of this company !

As for myself i bought in here at 390p thinking the extra 35% wft was priced in considering it had fell from the 550p highs , especially as i had read countless articles about how oil would go to $130bbl due to lack of supply not to mention gas ! , oh how those so called reputable news outlets got me ! but iv learned and still trying to understand this game. I still believe in this company and recon it will have a good future and the way the SP rips higher when theres good news leaves me very confident !