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Can’t see a ceasefire to be honest.
Belarus are sending troops and all it takes is for the war to spill into Poland and we have the beginnings of world war 3.
Putin and Lavro should step down, but they would lose a veil of protection.
How much do oil producing countries make per barrel in profit?
This is highly variable with the deposit and etc. It isn’t even a rule of thumb number here. Saudi Arabia once one of the cheapest places to recover oil is now running a gross cost of about $90/barrel to produce and doesn’t make a profit on oil until the price is about $100/barrel. The USA where the oil is produced differently sometimes costs as little as $30/barrel and sometimes as high as about $65/barrel. It literally varies by the location in the USA.
Best data on Russia which may not be accurate is that they have a gross cost of about $40/barrel. Russia’s big cost is transport to market. This is why pipelines are so important to the oil business.
This whole business of profits from oil is a matter that varies day by day and is very much a matter of the most secrecy. I honestly don’t trust much data from outside the USA to be of much value. You must regard any published data as propaganda to a large extent.
Expenses that are taken into consideration and subtracted from any revenues earned include extraction, the process of drilling the oil out of the ground, refining, marketing, wages paid to staff, and transportation. Royalties, payments owed to the owner of the land being drilled into, are also factored into the equation.
Are you sure that the profit margin per barrel after costs isn’t $15.25, because that’s how it reads and what the related return on the CUDA Purchase is realising.
Most small oil companies struggle too turn a profit, but COPL will require help to scale up.
The company needs to triple production to become profitable and healthy.
This will happen in the coming months.
Because that’s what it’s says on the COPL Financial reports.
$15.25 a barrel sold, onto refining companies.
I couldn’t even tell you who the buyers are, because it’s not disclosed.
No response to this then !
Just completely ignore the fact of delisting from the LSE.
It’s not a $100 a barrel though is it, it’s $15.
How are people voting and will this remove our rights and protections as investors on the LSE?
Polymetal International plc
LSE, MOEX, AIX: POLY ADR: AUCOY
Offer to exchange certain shares currently affected by the EU asset freeze on NSD and Notice of General Meeting
Polymetal announces its intention to conduct an offer to exchange certain eligible shares in consideration for certificated shares, subject to shareholder approval at a General Meeting which will be held at 10 am (BST) on Wednesday 12 October 2022 at etc.venues Fenchurch Street, 8 Fenchurch Pl, EC3M 4PB, London.
You do know the barrels are sold for $15 each and then refined into Petrol and some plastics.
Www.knowledgebible.co.uk
Don’t forget there is 250 million shares in issue, with a market cap of 40 million.
At least wait for the dividend.
That 50 pence price will never come, based of sim of the parts.
Plus the financials are a lot better than in 2007 & 08.
BBC ran an article about property prices and mortgages.
Granted Taylor Wimpey don’t build 4 bedroom homes for £200k, but many people will be buying at lower prices.
Can we see a change from TW too build bigger homes at lower prices.
Maybe !
House builders are not over leveraged financially these days.
Give you a tip -
Stockopedia have great reviews on all business.
Not a fail safe from turning market sentiment, but the best platform I’ve found.
Market price at 88 pence reflects a 50 percent fall in House Sale prices.
Mortgage market back next week, with a 6 to 7 percent te-rating on new loans.
Should be fine for TW with a fair value of £1 at the worst.
FT Said it should provide a short term boost, but then negatively impact the currency markets.
They didn’t even consult the OBR.
Just listened to Corporate American lobby groups.
In GOD we Trust !
Thanks for the update !
TW are a great company.
Shame they get dragged into this ****.
Can a dividend be cancelled in times of financial stress?
Plenty of Russians on this board looking too pick up cheap stock.
The slip of the figure buy, that was blocked back in March, was also a majority take over attempt.
I’d definitely vote against this.
I sold a while back.
Nothing against Poly, just I don’t see a dividend payment for 2-3 years and sanctions will see Poly struggle if the war doesn’t end very soon.
If you think you can leave Russia without been detained and interrogated for 3 days.
Think Again.