Member Info for Tigar

Thanks for advice Kamrat.

Will look into them "Var Energi" I am looking at the Bonds being cut short as a pain, but it is also an opportunity to spread risk

It may well be that as my stake in Enquest is reduced I may well take more equity stake in them Divi should be much higher next year. But all options are on the table most of my Bonds were held in my Sipp that I am drawing so income is the high priority.

Well they have been canceled 29th May

Where am I going to find £7650 of income from I am not confidant wind farms are as safe as Oil but they do look like only high yield in town?

The longer it goes on either the gap between the paperprice and the physical price merge as physical price drops and opportunities will arise to hedge for 2027 to give us stability for much longer, or we have a lot more production than is known about.

We have a seat in the most crooked game in history, and it looks like the losers win! when oil went to bellow $0 a barrel it was because they had bought oil with nowhere to put it, perhaps when they are selling oil that doesn't exist we may see $500 a barrel. But oil companies will still be worthless! only the Tax man and the traders are allowed to make money in this game.

So they think they will create increased shareholder returns by cutting the divi and scrapping all the solar panels and replacing them with more efficient one's that sounds like a way to say the differential between the NAV and the share price is fully justified! Not for me, not even justified by claiming they are saving the planet? Tons of panels to scrap!

Dumbly I did say hopefully, it would make logical sense to be able to use them against total Tax but we must also have one definition of what profit is the EPL does not it has two.

I think the purpose would be to only apply the Tax to profits above a certain price and not to profit from normal price? of oil and to allow reclaiming of all costs against the Tax? Hopefully this would allow us being able to offset past Tax losses against all Tax liability. The Gov would know that if oil or gas are above normal? they automatically see more we know that if we increase production we make enough to repay everybody and any profit is split fairly. At present we see when prices are low we actually owe more Tax than we make in profit.

I suspect the 21p is more to do with the Retail Bond interest hitting peoples accounts today, perhaps a lot being reinvested in equity?

I added 28k shares today, but was alarmed by BTF backing a quick return to 20p (he must get it right this time) no offence meant, my reasoning is that it seams that the disparity between the physical sale of oil and the quoted paper quotes for oil means we are able to settle our hedges at a much lower price than we are able to achieve, this alone should be transformational if this continues for a couple of months.

The tidy up of the Magnus deal with BP looks like perfect timing.

A fine is another decommissioning cost so don't we reclaim a large chunk of the £16.5m from the Tax man?

The whole net Zero concept seems to come from the emperors new cloths playbook Miliband being a prime example, I am so important that I need to go to a conference so I will fly there with my 70 yes men might have to pop back for another important meeting but not to worry I will buy carbon credits to offset all our important work with the taxes paid by those plebs that drive white vans that are the problem if only they would ride bikes? And drink warm beer lets employ more to develop software to inform wasteful businesses how to do it.

I could give him advice on how to cut his departments carbon footprint, Zoom meetings or better still disband.

" EnQuest has executed the settlement of the Magnus contingent consideration. Under the terms of the agreement, EnQuest will pay $60 million in cash to secure 100% of the future Magnus cash flows. This credit-enhancing settlement crystallises the remaining contingent payments that would otherwise have been payable over time, simplifying the Group's balance sheet and unlocking the full upside of one of EnQuest's core assets. This agreement does not alter arrangements originally agreed in respect of Magnus decommissioning responsibilities."

This makes it clear that your worries are unfounded!

We never had any liabilities to BP Magnus, it was always paid for from its revenue even the £300m original payment was recoverable from FCF of Magnus if it had failed we owed BP nothing and was capped at $1bn should it succeed before Tax and was $600m after the Taxes at the time of the deal, we now have EPL and I expect BP saw little of its share so have agreed $60 to tidy up the deal.

Its good to see we now have ended BP's interest in Magnus without taking over the decommissioning liabilities BP had. The $1bn liability always confused the market it has been ended fairly the EPL probably helped in the buy out price. It was always stated that the $1bn had an after tax cost of $600m they seem confident in having plenty of quick pay back wells to drill.

All ticking along nicely, good to clear up Magnus still need that acquisition to use up Tax credits?

I hope they have allowed for the decommissioning costs then, tax man forget any revenue's.

Who protects Europe, Denmark, Greenland NATO the deal since WW2 has been a one way arrangement America Liberates rebuilds and protects Trump just looks at things and says what is in it for USA and we are just like kids living at home who can't see why they should pay board money. A few home truths need to be learned. The Danish should understand Dane geld.

How to turn £104m into £17m

https://www.ft.com/content/953173e8-74a6-4f66-8155-18115b395dce

The huge subsidies the UK is signing up to is worrying but how much are we likely to be liable for in capital investment losses. Bet we will not be having a Sid sell off off GB energy in a few years!

Just stop oil achieved their objectives as have the environmentalists the UK no longer overfishes its waters, we let someone else do it for us perhaps we should give the EU our NS mineral rights am sure they would drill baby drill.