Member Info for Nitro182

And on paper here everything is pointing in the right direction ! Just need the shorts and UK government on our side.

I'm comfortable because the poo is holding steady. Don't want none of that volatile stuff going on! The reason I'm here is because investing in oil and gas is meant to be safe ! And highly rewarding !

The way the POO is going there wont be any need for a floor. As asked earlier do HBR benefit from the EPL with drilling the Talbot field ?

Also , Happy has sold out this morning and he quite simply isn't so happy now ;-)

Can't believe Starmer wants to buy a few votes by strangling the largest tax income industry to give everyone a few quid off their council tax. The bloke is driving Labour into the ground thankfully and they won't win the election next year.

https://www.energyvoice.com/oilandgas/north-sea/493399/energy-security-day-uk-government-acorn-ccus-oil-gas/

It says so here

I take it we benefit from the EPL regarding Talbot? It's a difficult one here now but when you think of the growth opportunities , expiring hedges , great divi and less shares in dilution , reduced debt and increase in M&A opportunities. Pretty sure its worth hanging around at these prices. Putin won't ever supply o&G to the West again , and oil and gas demand is forever increasing so therefor the oil and gas prices are protected a certain amount. The recent bank turmoil showed a worse case scenario of $68 brent and we went to 230p which didn't last long. If a recession hits we will hit those prices again but I can only imagine it won't be for long. The hunger for this share is still here.

I suppose the price of oil is our only friend at the moment then , and looking at the world demand everything is looking pretty rosey ! Roll on divi day.

OK Kign cheers.

That's great cheers Stevo. Your input is always appreciated.

Nah I'm letting these babies roll now from 256p. Just looking for news to why the SP is climbing North ?

It isnt the price of oil.

I still don't see why the SP has gone blue in the last hour ? Any idea?

Actually it seems there's another ccs project in the Humber region which BP and Equinor are part of so I'm not too sure.

Well from what I have read so far the East Coast cluster is one of two ccs projects to be announced , with Acorn going to track 2 funding. Just been on the East Coast Cluster website and believe it or not its basically Viking ccs under a different name ;-) obviously to look more green. Hoping for an RNS today to confirm how it's all going to go ahead !

https://www.gov.uk/government/news/shapps-sets-out-plans-to-drive-multi-billion-pound-investment-in-energy-revolution

Well here it is , basically no news on the EPL price floor , however plenty of news regarding the CCS project , which is officially to be announced. The energy voice state " ministers have been heard to say the first confirmed project will be in Hull" , so therefor that is more money in HBR's pocket which therefor will support the dividend and more SSB's.

https://www.energyvoice.com/oilandgas/north-sea/493399/energy-security-day-uk-government-acorn-ccus-oil-gas/

Apparently there will be news on the EPL next week as stated by the energy voice. I wont hold my breath.

The only reason why this SP is where it is now is because the price of oil. At $68 brent this SP will be at 230p and at $78 this SP will be where it is now at 270p. It is not hard to understand. Any positive news tomorrow regarding the profits of HBR will change the mechanics of the SP movement. i.e - a floor of the EPL will guarantee a certain turnover for the year and the SP will adjust accordingly.

Stupmy , everything you are telling us we already know so stop wasting your time.

Its quite simple really , the treasury is minted and doesnt need any more cash , same for the government with its excess in tax receipts due to the pay rises from the private sectors recently. All the Karens of the country are happy that they have free child care and pensioners have never been better off. All the North Sea requires is investment which can come from the profits that are made in the sector. Just takes the government to do the obvious ! ! !

Also the fact we are going ahead with developing Talbot which has just been announced is a MASSIVE signal. HBR won't be doing that for free !

They have announced 20billion investment regarding CCS yet we don't know how that will benefit HBR yet , any news on the beneficials regarding HBR will help the SP. Tax relief will work and this could be a possibility imo. The fact the FT have released the news about the EPL due tomorrow fills me with confidence, if it was the WSJ then I'd know to ignore it.