Member Info for oct23

FYI -- a bit of dry humour included

https://www.youtube.com/watch?v=Zklo4Z1SqkE

Rogue file in US technology giant’s Falcon Sensor tool appears to have caused dramatic failure of Microsoft’s Windows 10 software - luckily I'm still on win 7, the grandfather clock doesn't mind if there's a power cut, the loft is insulated between the rafters and the log burner can burn steadily 24/7

Savvy, doing their best for the employee fund, and rightly so, too often these days employees have become just a number.

Https://oilprice.com/Energy/Crude-Oil/Oil-and-Gas-Are-Here-To-Stay.html

Don't forget the annual CGT which slowly went up over some years to £12300 has now all but gone

The capital gains tax allowance in 2024-25 is £3,000, half what it was in 2023-24

2022 to 2023 was £12,300.

Https://oilprice.com/Energy/Energy-General/Lithium-A-Clean-Energy-Solution-with-a-Dirty-Secret.html

Mod -- "Conservatives is "pro-business"-party of Hunt who initiated the robbery, "

I thought it was Sunak in May 22 who initiated.

Didn't Sunak himself introduce this tax in the first place in May 22

The esso pipeline fawley to hounslow appears to have been completed - was interesting to see the works ongoing

https://www.slpproject.co.uk/

Energy prices in France turn negative as surging renewable output takes nuclear plants offline

Filip De Mott

Jun 14, 2024, 8:48 PM BST

French energy prices fell into negative territory on an overflow of renewable power, Bloomberg reported.

Day-ahead prices hit a four-year low of -€5.76 per megawatt-hour in one auction.

That caused some French nuclear plants to go offline ahead of the weekend.

Day-ahead energy prices in France fell into negative territory amid surging renewable power production, Bloomberg reported.

The prices, which are locked in before their operating day, fell to a four-year low of -€5.76 a megawatt-hour in an Epex Spot auction.

While soaring wind and solar generation are to blame, demand is also expected to fall between through the weekend. The imbalance has pressured a state-owned utility company Electricite de France to shut off a number of nuclear reactors. Already, three plants were halted, with plans to take three others offline.

According to Bloomberg, this isn't infrequent and can commonly occur on weekends in France. It's also a pan-European phenomenon, with reactor shutdowns occurring in Spain and the Scandinavian region.

Across the continent, a push to decarbonize energy grids has accelerated a boom in renewable infrastructure. Yet, without the battery technology and investment to store the energy surplus, it's creating pricing inefficiencies.

Negative prices have also hit Germany, where solar inventory has outpaced demand, SEB Research reported in May.

The situation in France is different in that the rollout of renewable power has been slower than in other countries in the region, Reuters said. Paris has installed around 45 gigawatts of wind and solar capacity, and is behind European Commission targets.

A bigger slowdown could be on the horizon amid recent political headwinds, as France's far-right looks set to win in domestic elections.

If the National Rally party wins, it has pledged to slash renewable subsidies and end the wind power industry's expansion.

Is it not logical that until shares are purchased and "cancelled" instead of held in treasury for benefit there would be no real impact on share price - they are still in existance ?. Sellers may have bt @ 12p or stop losses hit ?

Virtually no automatic trades today - algos cant get direction ??

It is intended that the first 25 million Ordinary Shares purchased under the Programme will be held in Treasury for issue in due course............. after the initial 25 million Ordinary Shares are purchased, all additional Ordinary Shares purchased under the Programme will be cancelled.

Steeelwarch1

Thankyou for this link

https://www.oedigital.com/news/495498-samsung-delivers-shuttle-tanker-to-altera

it took me over to some intersting technical reading on the drilling etc. etc

Likewise your links to the offload info. encourages further reading into that which most people may not apreciate

In memory of all those who previously helped their country only to see their hard earned initial capital erode

https://www.gov.uk/government/news/chancellor-to-repay-the-nations-first-world-war-debt

https://www.theguardian.com/business/2014/oct/31/uk-first-world-war-bonds-redeemed

The Dec 23 swaps worked perfectly as I recall. Selling a covered call now at about $95 can't be wrong.

Isn't CGT allowance now reduced - ie subject to its own equivalent of EPL over the past couple of budgets ?

Https://www.energyvoice.com/oilandgas/north-sea/549361/viaro-energy-to-explore-using-mini-nuclear-reactors-to-decarbonise-offshore-assets/

Buybacks easier, cheaper to administer, no ongoing liability, buy more or less or none at all as per available money - esp when share price low, flexible,

Thanks for the Esc tip - it worked - hit esc and kept it held down before it properly loaded - result.