Member Info for stockdale

The oil price has dropped to $88 - $89. With a corresponding fall in ITH. Does the market actually think this meeting in Paris is going anywhere?

'Labour donor'. You're referring to someone who has made money from wind turbines and solar panels by government grants. So tax payers money being redirected back to the Labour party as donations. The only remarkable point of this article is Dale saying North Sea oil and gas should not be exported. That from someone who has influence just from being rich on tax payers money.

Mr. M is an ideologue. He's already said the oil crisis means we have to double down on renewables and reduce oil usage. We have a nut case in charge.

Don't know whether Trump has a grand plan for Homuz or whether he's just blustering now. He does do a lot of that. Iran still seems to be able to police the Strait regardless of being militarily decimated.

If he has a plan that's working then the ITH SP should drop back as the oil price drops back, as his Press Secretary predicted, and we've gone ex dividend. If Iran continues to strangle the Strait then the SP could continue to strengthen.

The SP has doubled since April last year so it has already strengthened a lot.

Didn't see a 9p drop in the SP this morning. Maybe because the oil price is up at $100 from $96 yesterday? Maybe because the UK dividend isn't officially declared until the claculation is made over the average of 25th, 26th and 27the March?

Anyone who bought in well below £2 is getting a dividend return at or over 12%. At the current SP the return has reduced to around 8%. That brings it down to being swamped by many other dividend shares. It would therefore seem logical that the rise should slow and we could see a significant drop once the Strait of Homuz is reopened, whenever that may happen.

Brent Crude had reached $109 by 15:00 today, well before the market closed. I was surprised that the share price still languished at 13p below Tuesday's close. Sometimes this share takes it's time to react. It's already reached a mega high so who knows what happens tomorrow?

Indeed Ballio. The passenger sfaety brief on an aircraft tells you if the masks drop put it on yourself first before helping your child. You're no good to your child if you are struggling to put their's on and colapse without your own on. That's where we are with North Sea oil, being virtuous to others but then we can't help them when needed.

This government is utterly mental with their Net Zero policy. Importing gas and oil when we have it here is just increasing emissions with the transportation.

Different times. The UK was developing the North Sea and was partially protected from the OPEC price increase. Norway did a better job though with their sovereign wealth fund.

It's mostly a matter of energy security rather than a hedging issue. Despite Ed Miliband Ithaca is providing oil and gas for UK consumption. Hopefully common sense will prevail and Rosebank will be fully approved.

Stating the bleeding obvious but by the paper most read by and supportive of Labour. However Net Zero is ideological. Miliband won't agree and will have to be persuaded, or removed. Currently he is arguing this should mean more renewables and not opening up the North Sea. He should not be in charge but Starmer needs to be persuaded ....

Can she cut the EPL before she goes, please?

https://x.com/RobertJenrick/status/2028387011137089598?s=20

CO2 is a trace gas in the atmosphere at just 0.04%. The biggest driver of any warming is that of coming out of the Mini Ice Age of the 1800s when the Thames froze over. We had grapes grown in northern England in Roman times. It's a sinusoidal variation of the temperature. But this government believes in the few grifting 'scientists' who are paid to find the problem. It's become a mega industry funded by grants and constraint payments when the turbines can't produce power.

Reduction of windfall tax (EPL)?

Realisation that emissions are far greater when importing LNG and oil from Qatar and USA than using the North Sea?

Denmark have seen the light. They are restarting the North Sea and Norway have been using the North Sea just next to UK waters all the time.

Suddenly Blair has this concern. 🙄 This has been known for years and has been obvious for years. Getting oil and gas locally from the North Sea is obviously better than importing it from thousands of miles away using diesel powered tankers. Miliband's policy is ideological. It reduces our carbon emissions as a country but is atually worse for worldwide emissions. It's virtue signalling and dangerous for our economy and energy costs.

Dividend the same as last year at 12.09 cents. Dependent on the $ exchange rate averaged over the usual 3 days. Currently the $ is a little weaker this year, unfortunately.

Still a 13.2% annual return for Yaniv. If you are buying for dividend return this is a good price now, where ever the SP goes.

Indeed. The fall is difficult to understand with the excellent and verified dividend, as they paid out according to the dividend policy last year.

Absolutely ItalianInvestor. But she's an expert economist didn't you know?

They are also importing oil and gas, some of it from Norway in the North Sea and the rest from Qatar, the USA and other countries using diesel powered tankers. Stupid or what?

Never argue with stupid people, they will drag you down to their level and then beat you with experience. Bye.