Member Info for Rookie1

Well I can tell you that’s *******s. They will not lift wt at any price

Says who?

Yeah because it’s dropped loads with the oil price hasn’t it…

Wow. 75% tax on $80 oil. **** you uk gov. K****z

Rishis handlers Goldman Sachs still a buy at £5 target

Compooter, I have the same target for the end of the week.

4% has to be as bad as it can get surely, we must go north from here. Famous last words!

Sqz looking like a free meal at these levels aswell with the cash and no debt, Taken 10k shares of them

What a joke this share price is, falling again..

This should be back to £4 in the very short term. We could maybe hit £5 again on next results when debt goes sub $1B and prices will inevitably be higher than today in the middle of winter.

What was the talk of Neptune merger? Any links? I havnt seen anything about it…

Fair point, kign.

I’m working on around £1B FCF per year as a guesstimate as hedges unwind but prices will also decline.

I think we can all agree the government has intentionally shafted energy sector here, wether you beleive it’s a demolition to cripple buisness/households and jobs like I do is another debate.
One thing I feel we need to do is stay one step ahead of these clowns, moving away from CCS the government and their gloabist media will hammer us. I can already see the headlines “Oil company’s that made billions cancel carbon projects over tax increases”
They will again twist the minds of the simpletons to blame oil and gas for greed and ‘profiteering’ and caring more about profits than the environment. The whole climate change thing is just another scam to push out oil and gas and have everyone hooked up to the national grid and even more controlled.
We need to stay one step ahead and keep investing in CCS and other co2 capture projects, capturing co2 will become more than likely more profitable per tonne than oil itself.
We can’t give this corrupt government any excuse to Sabotage us any further.

Another point made on here is hedges, I am more than in favour of long term hedging to overlap the current hedging that will come to an end. We need to create a stable investment in this uninvestable environment the uk gov have created.
Demand could fall off a cliff at any time in the next 6-12 months and we need to gaurentee FCF to help with our diversification. Greed will get us all caught with our pants down if we are not carful.

There’s no one better, Alf, all wings of the same bird and people are waking up to it now.
There will be civil unrest in the next two years and it is happening worldwide. People have had enough of corrupt governments like gangsters robbing the people and buisness’s.

Pearls, have you been awake for the last two years? When have any of the mps done anything in favour of the people or buisness’s? I remember you lot saying the same about the first WT.

Should be currently at around £800m debt right now so when WT kicks in we will more likely be around £600m and depending on if we decide to hold onto a bit of debt that means more money to be thrown at continued buy backs.. we are the cheapest on the market so buy ourselves.

Well one of the better moves I made was closing my second short at 154.7 yesterday at around £1500 loss. Can’t get them all right but happy to close a position I was clearly wrong about.
Will keep an eye on barcs as I still think my pessimism is justified but may take a bit longer than originally thought to filter through.

Or ofcourse I could just be wrong and this is going much higher, which in the short term does look to be the case.

Congratulations to all the longs and those making money of these swings, well played. Have a good weekend and ATB everyone

And smartie. Made some good calls the last couple of days. Not bad for a bunch of conspiracy theory loons

Looks like people are waking up jeff, I mean Jookie ;-)
Good call mate

350 then 370 resistances

Shorts may finally be closing no WT is out the way