focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Weve made it so far without another tax raid to fund war crimes. little britain were getting there... We even got through xmas with out being bombarded by films such as schindlars list.
Anyway back to those nasty oil gas producers operating out of the north sea. Dont worry i m sure you will all be on next years honours list .
This is relevant before lth and new investors lambast me for this post.. I.E EPL and the cr......tns that support it . inmho dyor etc.
I sold some,due to this being a nationalised company. The recent new credit facility will either be a positive or negative. For me they will either exhonerate themselves or prove that they are well and truly in bed with hmg depending on the next acquisition.
I think he has already delivered and will continue to do so. What i find baffling is the negative stance from lth. Myself included at times. The fly in the ointment as far as i am concerned is the lack of accredidaive deals to propell the share price forward. Having said that if we are to be asset stripped in terms of dividends then that will compensate inmo. Especially if we can get a minimum of thirty pence in 2024.
Have a good xmas everyone and new year. and remember what is transpiring in Gaza. So our worries are not any where near theirs inmho,
Fwiw. The concern for me is that we continued to fall with oil firming and leveling out.That to me says the market is valuing Serica at the two pounds mark or less. Slightly worrying,but still hopefull something away from little britain is brewing. inmo
Fwiw Tony1957 I have been caught out here and I am sure there may be some other lth that fall into this category inmv. What I will add is that Serica has may have been caught out with global events.
So inmv I am hoping that they have a plan to mitigate matters further.
This is starting to look dire inmo. If the news can be believed we are now heading for a price war where Opec floods the market . I just hope this does not last too long as we will almost certainly suffer in terms of the share price and future dividends. HMG should seriously look at taxing U.S imports, but as we all know they prefer looking after them with tax breaks rather than looking after their own producers. The other problem we now have is that the recent licenses and farm in will just not be viable going forward. So in terms of growth we are now back to square one.
One of the most sickening qotes inmv came from a us producer where the ceo said they are pumping as much as they can and sending it to Euroupe to help us all out. Maybe if they paid the same tax levy they may think twice.
Inmv the cash will soon be gone . Mostly paid out to hmg and the few large shareholders that remain. Most likely some tax ruse agreed before the Tailwind deal. Inmho,dyor . I may even start to sue some scum buckets. Purely just to highlight what is transpiing here. Anyway just off to post a post office cheque(thats if it arrives) to the war criminal gvnmt and oik in waiting St...mer . inmv. only my view and no ones elses.
I may have missed something,but in terms of net revenue. We should still make the same if oil falls to sixty dollars for three months as the EPL will be removed. If prices remain high we still benefit. What we don't need are prices trading just above sixty dollars,but even then we still make a good profit.
Maybe hmg have been very clever over this. As even if labour remove incentives re tax Serica can still walk away from the new licences and Buchan with little costs.
Inmv. Just one overseas acquisition will secure our future.
Forgot to add. If brent falls a further twenty percent we would still make approx eighty million after dividends, Added to that the cut in epl will be applied should it remain at that level for three months, So we are technically hedged.inmo
Hopefully the tories will hang on . Fwiw inmo they will want to do another budget before announcing an election date. Maybe they could offer to pay eveyones Xmas bill. Im sure that would be vote winner as most people now seem to expect the government to pay their costs in some way .Sorry i forgot paye employees to pay for it together with capital gains tax. I just hope that there is not a raid on isas.
can anyone hazard a guess as to what we should be netting after tax next year. my estimate is at the current price of seventy four dollars for brent and 100 per therm for gas we should still net around two hundred million after tax. that is assuming we pump fifty thousand bbls per day next year. so with twenty pence dividends the company could still bank 100 million. so even if oil and gas plummets further we should still be very profitable. i just hope that the dividend is not cut though.
just a *** of the packet analysis, but would be interested in other peoples view.
Come on you bushy bearded hardened oil workers stand up to this pathetic gvnnt ana gvmnt in waiting. Need I go on re what is going on in Gaza. Show some balls o and g industry.shut down all oil production. Until this is stopped.
I See Starmer has enetered the world stage via cop and has found a bunch of us allies. Maybe he could point out to them that the U.S is pumping oil at record levels. Surely he could use his influence and ask them nicely to reduce this. He could even slap an extra tax on their imports to finance the 28 Bilion he has pledged, but im sure he is already eyeing up a further tax on UK producers instead. imo.