Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Trek I've just had to pick myself up off the floor as not only did DEC start blue but it seems to have held it to the end of the day. Anyone know what the hell has happened to enable this? The second coming or something?
What time do you reckon DEC will go red today? My guess is 3.30pm. Any other takers?
20 quid would get me back to break-even, although I've had a fair few dividends on the way to help. Still down a bit overall though.
Skier I do hope you're right, even if you are being a bit ramp-tastic!
With all those amazing tax losses from the Tailwind stitch up, i mean acquisition, surely the dividends should be safe for a long time yet?
Does anyone know what the most anyone has paid per barrel in a North Sea takeover is? I'm sure even in the pre windfall tax era, almost $20 would have been seen as too high. Do Serica hold the record for the highest paid per barrel?
Maybe not a 7 day gain, more like a one day gain I reckon. Let's not get ahead of ourselves.
Came back from work and fired up the PC to check on share prices etc. Clicked on DEC and it's blue! What is going on?? Usually it's a case of guess how much we've dropped today but it's actually blue. Might get a lottery ticket tonight.
That would be a good way to work out MPs pay I reckon. Just work out the average for the last 20 years and make no adjustment for inflation. Would save taxpayers a fortune. Not as if they could complain if that's how they've worked out what level to set the windfall tax at. Could use the same formula for spending on public services as well.
Going on how they valued their assets and how much of a bargain they were (according to all involved in the takeover) at $20 a barrel, I think they would need 2.8 billion for those 140 million barrels yes?
Maybe knock a bit off for a quick sale, let's say 2.5 billion? Be about 7 quid a share.
Compooter same with me. I had to be revived with smelling salts today when I looked at the share price.
When was the last time this happened? Must be sometime back in 2022 perhaps?
I think the market has only just found out we went ex divi the other day. Delayed reaction.
The difference in price between the UK and the USA is now slightly more than the dividend payment. Did the UK think we went ex dividend today or something?
Just about touching 10.70 in the US. Why such a big gap again? If the US was down we'd be following it down. Only seems to decouple when the US is up.
I thought the Norwegian tax system was more generous in that it actually pays you back 78% of your losses regardless of whether you're a taxpayer or not?
To buy back the whole company ? Approx 12 or 13 quarters worth?
One thing I never understood with the TW deal was how did they arrive at the almost $20 a barrel valuation in a 75% tax environment. You'd have to be making $80 a barrel profit to make that $20 back. Who on earth has profit margins of that magnitude and that would just be to get your money back.
Well I must say I am amazed, even shocked, that the price this morning has barely moved towards the closing price in the USA. Shocked I tell you. Who would have seen this coming this morning?
So many hundreds of millions to come back in tax rebates very soon then? I guess we'll find out in the results.
40k per day with a supposed operating cost of $19 a boe should leave about 50 to 60 profit per barrel. Multiply that by 40k a day and you're looking at about 800million gross profit a year. With all those billions of tax losses in theory shielding a lot of that, I can't see where all the cash has gone. Anyone ?
Well, seeing as a rising oil price has vitually no effect on the share price then in theory a falling oil price shouldn't either.
Yeah right, we all know what will happen.