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Come on! We have all done it and remember the warm nice feeling! US gov may feel it just a tiny bit now. But We will feel it long Time once they are done. I’m talking about peeing in your pants, yes. It Will get cold and uggly once they run out of juice! Just wait a few months, the pace is rapid. We will be winners in the end LOL :)
We know it Will be less than 25%, considering ENQ WILL have som CAPEX and it reduces WFT by 180% according to ENQ IR example sent out to many of us. Even of it were 25% We would still have min 100% FCF yield here at theese OP which is unheard of. #HappyOwner :)
Hi Kamrat!
I think there are two upsides to your calcs!
1. They seem to be "using" more hedges in H1, almost 4m settled in april already -> Higher price for the year in total (if OP hold up). Count on better H2 vs H1..
2. Gas premium?
Great spreadsheet! =)
Nothing new yet…
” We are still working the numbers as not all of the definitions of each item etc. are clear. That said, the Energy Profit Levy imposed is on top of the existing tax regime and explicitly excludes the use of prior period losses as an offset. Therefore, EnQuest expects to be paying tax on its UK operations in relation to the new levy.
Please note though, regardless of the tax position, there are no changes to the Group’s 2022 guidance.”