Member Info for troubledseller

Observation from DU no real surprise, I have read similar elsewhere.

This week 13% rise in gas prices for almost everyone. Gas powers heating and hot water to roughly 22 million UK homes (80%), this will really hurt folk come the Winter. Where is our Energy Minister at this time? Very quiet.... Where is the promised reduction in our energy bills. Miliband too busy scheming and perpetuating the ludicrous net zero illusions that are lining his own families pockets. Meanwhile working families struggle to make ends meet and employers punished and struggling to keep their businesses solvent. This government and the majority of its MPs are an utter disgrace, history will show this, our nation will be bankrupt as a result of their policies. There could be worse next to come with Burnham, Streeting and Rainor. Surprised to find myself agreeing with Blairs essay earlier this week.

Back on topic, Rosebank and Jackdaw decisions must be coming to a head soon, approved or otherwise? Much capital expenditure already invested in both projects, surely court proceedings against UK gvt if rejected. The can can't be kicked down the road much further.

What is with our late rns yesterday, the UBS hokey cokey? Looking forward to the Serica capital markets day next Tuesday, might shed some light as to where Jog is in the pecking order.

We are now buying oil and related refined products from Russia. There seems to be no reference directly back to our energy minister Mr Miliband for this decision. The news agencies reference just a faceless and nameless UK spokesman.

How can Miliband stall both Rosebank and Jackdaw while purchasing the essential resources from Putin especially while he is still war mongering in Ukraine. No wonder Miliband does not want to be associated with this decision. Why has he not directly commented, he is after all our energy minister. Perhaps he is just too busy, almost two years and still thinking about sanctioning Rosebank and Jackdaw. Current situation is just unbelievable, why are oil executives and the opposition not calling this out. Beggars belief!

Varnish - A good reminder of where we should be, thank you!

Those of us still alive and still solvent might see this project/investment through to fruition. Sadly this will have to wait another 3 years till this shambles of a government are gone. What a legacy they will leave.....

Serica buy out NEO 50% share and become the Buchan operator. They have plenty of available cash post their bond issue. Guess we will find out soon which of their available assets they plan to develop. Feel sure they will develop organically given that the cost of new acquisitions will now be much inflated.

How much longer can Milliband stall the Rosebank and Jackdaw developments? Anyway whatever happens the twit won't be there for too much longer, this labour shambles will be toast at the next election hopefully before.

Very quiet on this board given what is happening given POO and the Middle East. Could do with some infomed retired accountant running some motivational numbers reflecting the new norm of a 90 dollar barrel.

Also anybody know what has happened to the FPSO Western Isle?

GLA. our time will eventually arrive.

Think it is down to USA and the mooted Russia/ukraine peace deal. Flood of Russia product back on the open market.

Watching ITV, there is an energy company in prime time peddling Millibands "home grown energy" beggars belief.

Think that kuenssberg would have been more robust than Derbyshire. He managed to put a logical argument together without Derbyshire calling out its fundamental flaws. Does not sound like there will be any change to EPL or North Sea exploration, lip service will given to the so called review and consultation with the industry. His intention is sadly to go further and faster in the wrong direction. Our manufacturing industries are simply not competitive with almost the highest electricity prices in the world. Exodus of wealth creators and investors Dyson, Jim Radcliffe et al. Last month 150,000 jobs lost in the private sector yet 150,000 created in the public. The maths will not add up, will result in more borrowing from the government at ever increasing interest rates. I am sickened by this government and the decisions they are making on pretty much all of the matters that feel important to me. I run a small manufacturing business in the Midlands and employ 30 people, currently being strangled by higher taxes (Employers NIC, packaging waste regulation fees, council tax) unsurprisingly not made any money this year so will avoid corporation tax. Apologies this is off topic, started off about O&G and developed into a rant out of my frustration.

Good post Mommur, knowledgeable and pragmatic as always. That tortoise of yours has had some appetite of late. Fingers crossed Triton is fixed soon.

Einbert, more like jiggery piggery, getting their snouts aligned at the trough in anticipation to hoover up as efficiently as possible.

YOrk why don't you post something of interest or value yourself rather than whining and whinging about others, filter the spam if it's not to your taste as i have now done with you.

Like the cow analogy DU, you forgot to mention while wanting the cream they also claim to be lactose intolerant.

Grammar was terrible on my previous post, sorry all. Words missing and changed due to the predictive text on my phone. Anyway sure you got the gist of it.

Good Romaron, along with my other information posts and insightful posts, many thanks. I caught that on the news last night and thought that the way was perhaps being started to pave the way for a change of direction, some may say a turn. This would be on the back of RR needing the balance the books with expenditure cuts, there would be least public objection scaling back or turning a little the green agenda. Perhaps this is why there has been a little more market strength of late in Enq, Sqz, Hbr and Jog. Hoping that as you say fissures are starting to show and some common sense will prevail. Atb.

MPO818 interesting read, thank you for pulling all the threads together much appreciated.

Sekforde "Serica is mainly a gas producer so will benefitting greatly from the elevated gas price."

What! HMRC are receiving the lion share of any benefit via the EPL. Scraps left on the table for the company and it's shareholders for taking all the risk in a difficult sector and doing all the hard work.

MunnieTorx - Oh you bringer of doom in this broken landscape. We are all aware of the risks here you don't have to remind us at every opportunity. The clock has stopped for you with me your now filtered. This wet and miserable day in the middle of England feels a little brighter now.

They will squeeze as hard as they can without quite killing the Golden Goose, that will not be in their interests. Their issue is they dont know hard to squeeze, at what point does the doctor become the butcher? The doctor has no experience, the nurses have been trained by Lucy Letby. Suspect they will follow through and eliminate Capital Allowances thereby killing the UK Oil and gas industry. Will be interesting to see when/if the Rayner house building happens how the new builds will be heated, especially the social housing. Our oil and gas will all have to be imported to fuel our country, at least Grangemouth can be readily be converted to receive. Lol.

Wish all my assets were more liquid as I would readily leave this doomed Country.

Newk

I read your post, it only echoed your opinion that you have voiced numerous times before on this board. Can't think who could possibly object! From my memory it went along the lines that the 18 months sandbox or lockout preventing Mercuria purchasing additional shares in SQZ ends on Monday 23rd Sept. It speculated that takeover could happen sooner rather than later regardless of RR and labours budget as payback even in the worse case scenario would only be 2 or 3 years given the free cash currency generated. Think you attributed some number and thought that the current shares price plus 25% would equate to around £1.86. Think you concluded that this was a back door take over and used the words Trojen horse.

Can't see what the possible reason for this post being taken down, you were just expressing your views and a possible outcome. Interesting to see what will transpire here.....!

ATB

Wow just purchased these again, never did I think we would be at £1.20 ever again, we were down here years ago waiting for BKR to complete. Its a dividend play for me now or till such time Mercuria take ownership. GLA

Have cruised extensively on the Azamara line, they have four ships Onward, journey, Quest and Pursuit. All of them identicle R type small ships and 20 plus years old, a little tired requiring updating or replacement. Seems to me that the quality Saga ships would be a perfect fit for them to upgrage their fleet. On the strength of that alone have taken a small position here. The new female chief executive also talks impressively, while on their recent world cruise we had to endure her inaugural speech as it was streamed live to all the passengers on deck. Very American but ballsy I thought at the time. Anyway best of luck all long suffering holders.

Einbert - we chartists like to call "The Bullish Moonwalk." Oh that is just too funny!