Member Info for Rock8

Weather improving this weekend but the effects on production and inventories are longer term.
The weather is only short term but reduction in supply due to reduction in US fracking (new projects and incentives) combined with increased global demand are both long term trends.
Just wait until planes start flying again!
In balance (ish) today but tomorrow!

I know CH4 have returned the furlough monies but they are Government funded (part Government and part advertiser).
I don’t believe CH4 have any shareholders - not in the normal sense of the word anyway.

Would not surprise me at all but I believe they only benefited from the original furlough scheme (not version 2 from Nov?) and so they do not have to return any money to the Government.
Although it would certainly get some good PR as I am not aware of any other listed company returning the initial furlough scheme monies.
It will be interesting to see what the part state own banks decide to do?
I am sure Barclays (obviously not state owned but still a UK bank) won’t return anything!

Agreed somewhere between 120-300p depending on the luck with the drilling!

Agreed somewhe

With debt within reach of CMD target and Oil at $90-100 what would you value Tullow at?
If we also get lucky with drilling?

I believe you will get more than that back before the autumn.
Company now on right course and suspect we will get $100 oil again once Jet fuel usage returns in the US.
Oil on balance at the moment but once..........................

Would not be surprised to see 35p go today.
L2 book looks considerably easier than yesterday.

Well we all listened to the call and heard something different?
I heard nothing about any change in timing.
Really believe if there was any change there would have been an RNS and not just mentioned on CC?

Looks like another run at 35p and the book looks clearer than yesterday.

I did not hear that on the CC?
I assumed it was still before end Feb?
Can someone confirm either way?
Thanks

Your post reveals even more about you - I am amazed.
No wonder you have several chips on your shoulder,
LOL

ITV voluntarily withheld the final 2019 dividend in March - UNLIKE most PLCs and private companies.
ITV are well ahead of the pack.

https://www.investorschronicle.co.uk/shares/2020/11/03/raft-of-blue-chips-choose-divis-over-repaying-furlough/

You don’t have a clue.
Even the oil companies took furlough payments and paid dividends

https://www.thisismoney.co.uk/money/news/article-8769843/Rishi-Sunak-slaps-dividend-ban-big-companies.html

The second Autumn scheme came with strings attached.
Pretty sure very few PLCs or successful private companies took advantage of the revised Oct scheme.

Furlough payments were designed to prevent/delay redundancies.
There were other ‘relief payments/deferments’ to help companies survive.
Very different.
Virtually every UK private and public company took furlough payments but it does not prevent bonuses for staff or dividends for shareholders.
But lets see.
Every company took advantage of furlough.

UK Banks expected to restart dividends in 2021 - they were forced to stop payments of announced final 2019/20 dividends and took Government furlough handouts.
Let’s see what the Banks announce this week.

2020 would be nice but hoping for 2021 divided - first part payable mid year.
Not sure furlough payments means anything any more - Government forced closure.
Remember ITV did not pay final 2019 dividend.
But let’s see.
Expecting great things given robust performance whilst Rome burns - so to speak!

..maybe ‘hopeful of’ rather than ‘expecting’ positive news on future dividends but ITV are certainly past the worst unlike many.

Yes very close to FTSE100 and dividend is irrelevant although I am expecting positive news on dividend at full year 2020 results - date TBA but probably March?