Member Info for thehickster

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.

Perhaps he's just resigned out of shame for destroying shareholder value and pushing us into just about the worse deal that was possible.

Normal service resumed. Back to red. To be fair DEC was up for at least a few minutes which is pretty decent these days.

Why the price is showing in blue? Seems a bit odd.

Canetoad I don't think it's necessarily incompetence, it's seems very much deliberate as in the dreadful TW deal. They knew what they were doing and what a poor deal it was for shareholders, but still went ahead as it made them richer.

Why are there any borrowings at all? Thought we were around 300m net positive in the last financials.

Upomega I don't think it would even be possible to do a deal that was as bad as the Tailwind deal but you never know I suppose. The fact that they still went through with it when the government had brought in the 75% tax rate just boggles the mind...

Wow who would have saw that coming? What's the bet it rises once London closes. Only for that rise to have no effect tomorrow, rinse and repeat.

To add to the list.

Inflation higher than expected - DEC down

Inflation lower than expected - DEC down

Inflation comes in as expected - DEC down

Buybacks higher than expected - DEC down

Buybacks lower than expected - DEC down

No buybacks - DEC down.

Anyone got anymore?