Member Info for Nitro182

Revenues from North sea oil and gas are expected to reach 15billion this year and 21billion next year. Lovely jubbly.

Hunt said he will revise the tax if prices plummet, which they won't, the government know they won't and hbr know they won't wither. The government have taken their slice , the public can't grumble anymore and now its time for the board at hbr to ramp up its divis, with such small market cap and less shares in issue this will be highly rewarding. Especially the fact the UK are selling gas to Europe, the wind has dropped off so therefor more gas will be consumed to provide electricity as renewable don't work. Gas prices are going to earn us an absolute fortune. As soon as those divis role out the SP will also improve. Win win win for us and the government.

Omg Rookie you couldn't be anymore wrong.

"A future revision is not ruled out if prices slump" , that to me is a massive positive statement. Gas is silly high right now and brent is above average and looks to stay that way. Hbr will make big profits If things are to stay this way , and if not then the government will revise the tax. Win win.

Well that happened quickly !

Rebound !

Less shares in issue means better divi ! That's my thinking. Hoping for some good news today. The consequences of the government turning around to the industry and saying "no" , "not interested" are massive.

Cant believe the poo is now in negative territory considering its gains earlier ! suppose this is a good thing with North Sea officials and government tomorrow , highlights the fact that this industry isnt a money printing machine !

This government historically don't believe in privatisation. The companies that go under simply get sold on by the government usually at a loss to the tax payer. Lloyds , Royal mail , bulb energy , the list goes on.

Ah that makes sense. Quite a good business model then really. Like you say though it's good unless it costs us a fortune. Could be a good slow burner project running in the background which will earn good return in the future.

Brent and WTI performing nicely today. Would be great if we could stop tanking from now on.

Well why invest in carbon capture then? What a waste of time that is ! I thought Acorn and CCS were covered by the levy !

Rookie , your full of all these conspiracy theories so why do you invest in the most politicaly inspired financial system? Maybe your better off in Bitcoin

Gasoline stockpiles rose by more than double what was expected though !

Just purchased more at 302p

Lower oil prices is not a terrible thing for oil producers , as long as we dont see the market tank , i.e $70brent we will still make plenty of money at this level of £80brent. With low oil prices it will only mean more is consumed as the global economy will be far better off.

Well hopefully we can get some answers from the Government on Friday , im sure the SP will react nicely to a positive outcome. If the sp dips to 290p or below im definitely buying more this week.

As for the markets , its quite obvious its the pump and then dump scenario , Powell spouts a loud of positive news a week prior to the media jumping on the recession bandwagon. In the meantime investment banks and hedge funds make a fortune.

Well the government can go and swivel with regards to the WFT ! if oil is dropping like it is then we arent going to make the excess profits like they say we will. The borrowing costs for the government have decreased massively recently due to recovery since the Trussenomics shambles , so maybe they can decrease the wft as an answer.

All in all not a terrible day given where we were heading this morning !