Member Info for SilverSpoons

Pasted the wrong part of the article. The nonsense the printed was "but on the other hand any extra oil and gas produced by the UK could risk creating a global oversupply of fossil fuels "

The Guardian article show even the Blob can see the madness of importing carbon heavy oil instead of extracting carbon light oil is madness.

Still they had to put in the usual nonsense at the end: "On the one hand the UK could help lower global emissions by replacing some of these fossil fuel imports with domestic hydrocarbons" Do that have any idea how big the world oil market is. Do they really think any north sea drilling expansion would make a blind bit of difference to the price

World food prices increase in April, UN's FAO says https://www.reuters.com/markets/commodities/corrected-world-food-prices-increase-april-uns-fao-says-2025-05-02/

‘It’s a critical time’: European farmers struggle through driest spring in a century https://www.theguardian.com/environment/2025/may/22/its-a-critical-time-european-farmers-struggle-through-driest-spring-in-a-century

Why European Farming Faces a Demographic Crisis https://www.foodunfolded.com/article/european-farming-is-facing-a-demographic-crisis-what-is-being-done-about-it

Shorting has definitely kept this share lower than it should be. Imo the shorting is likely to be down to hedging. If we get a rapid increase in oil due to Iran then I think the swing here will be likely be amplified because of this. Still, not a good sign that it is being shorted, but as we all know, the experts can often be very very wrong.

Will the gold posters please .... ...!

IMO the very high possibility of things kicking off in the middle east is the elephant in the room here. Shorters have two months top to clear their positions.

Oil won't stay at these levels for long

Yes it would appear that this share has become a play thing for some shorting outfits. Their game of keep it low enough for long enough and the Pis will walk away before the price rebound is well in play. This share price will remain under valued for some time yet

Are hitting US operating and material costs. If this lowers US production then this is good for non US producers like HBR. IMO this pressure on US producers, many of whom are struggling with brake even prices in the low 60s will means oil will ride back to $70 unless OPEC does anymore self damaging quota increases

If labour truly believe that UK extraction of UK oil and gas will be of no economic benefit to the UK they are clearly idiots. Oil and gas used in the UK will bring down prices here and oil and gas sold overseas will raise the value of the pound reducing inflation for all. In addition the high paid employment created will greatly benefit consumer spending and the employment taxes and corporate taxes will help reduce our chronically high national debt. Labour are BS pedlars and liars.

IMO, no big change of ownership in the foreseeable future since they will doubtless get a better price after Labour have been thrown out.

That'd be you then

Nothing surprising. The recent extremely rapid fall will have resulted in a lot of day trader and pi activity. If the long term holders have not been selling then then a short position can naturally accumulate to match any difference in supply and demand.

Imo the shares price recovery will happen, but don't expect it to be smooth or in the short term.

@bluemoon But will the IMF survive the Trump presidency? If the IMF doesn't lend money then maybe someone else will and that lending will come with conditions, like giving licences to companies from the lending country. IMO the risks of operating in third world countries has definitely gone up since Trump took power.

Can't see this going under 175 for more than a few hours. The day trader carnage after this fall from 294 in mid January must be dreadful, but there can't be many left hanging on now, so normal pricing will eventually presume.

Some of the downward pressure is probably due to Trump threatening Mexican tariffs. Most people see this as a negotiating tactic, but if he actually brings them in the there could be big implications for Mexican oil. We will know soon enough.

Getting busy with deportations, tariffs, cutting aid Gaza and even Greenland. Ukraine is deliberately being pushed down the White House agenda. It's up to Europe to sort out the mess now. Watch the politicians squirm as they pass the bill onto their voters. IMO FRES will end up nationalised.

Starmer and Reeves protection racket in the north sea means new investment there is now a waste of time. This is why expected revenue there is down on previous expectations. The Sun got it right in 1992. Will the last person to leave Britain please turn out the light

Https://www.telegraph.co.uk/world-news/2025/01/19/escort-murder-miniskirt-ban-peru-parliamentary-scandal/

When it comes to North Sea Oil, what are the chances that the UK government relax their ruinous tax policy 12 months after the fields change hands? I'm sure it would all be quite innocent and any change in government policy would be splendidly excused by Westminster due to changes in global factors beyond the UK government's control.