What’s your big gamble? (Volume 4)
Discussion
g4ry13 said:
I expected BP to have a bit of a tumble this morning based on the windfall tax which is being spoken about.
I think it would set a horrible precedent. How much profit is it acceptable for any company to make?
We've been spoilt with cheap energy. Maybe now we'll take it less for granted.
BP and Shell are both presently up slightly on the day. I would be more concerned over whether they stay UK based companies - after all Shell's exit from the Netherlands, where it was also listed, suspiciously happened after the Dutch government said they were going to do a similar windfall tax. Still I'm only in for the dividends and neither are that great these days.
Had a dabble on cleantech lithium (CTL) a couple weeks ago in the hope that green production of battery materials becomes a big thing. Having a good run last couple days so seems a potential good punt?
Want to be announcing some drilling results by mid year. Could be one to watch?
Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!
Want to be announcing some drilling results by mid year. Could be one to watch?
Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!
Berry10000 said:
Had a dabble on cleantech lithium (CTL) a couple weeks ago in the hope that green production of battery materials becomes a big thing. Having a good run last couple days so seems a potential good punt?
Want to be announcing some drilling results by mid year. Could be one to watch?
Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!
Why the big rise today?Want to be announcing some drilling results by mid year. Could be one to watch?
Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!
Luke. said:
Berry10000 said:
Had a dabble on cleantech lithium (CTL) a couple weeks ago in the hope that green production of battery materials becomes a big thing. Having a good run last couple days so seems a potential good punt?
Want to be announcing some drilling results by mid year. Could be one to watch?
Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!
Why the big rise today?Want to be announcing some drilling results by mid year. Could be one to watch?
Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!
Maybe the planned drilling results due next month is generating interest. There was also some investor show presentation at the weekend.
There is an allowance for any investment they make - I assume on renewables.
I hope they reinvest everything on new projects.
On principle I fundamentally disagree with raiding the profits of a company in any sector. There's a tax structure in place. Just sweeping in and taking profits is an abuse of power and sets a dangerous precedent.
I hope they reinvest everything on new projects.
On principle I fundamentally disagree with raiding the profits of a company in any sector. There's a tax structure in place. Just sweeping in and taking profits is an abuse of power and sets a dangerous precedent.
ferrisbueller said:
On principle I fundamentally disagree with raiding the profits of a company in any sector. There's a tax structure in place. Just sweeping in and taking profits is an abuse of power and sets a dangerous precedent.
I think you’re right but this wasn’t natural market dynamics.Government policy on covid, then energy generally, and sanctions on Russia, have all provided this environment for a windfall, despite the sanctions in all those areas largely being a net negative on society.
It’d be tremendously unfair to sit there watching society take a hit by government policy to “make the world a better place”TM while you then said “ah but these were the tax rules so you can’t change them blah blah”
2007-2008, fine. But now? Really?
If you're going to justify it due to war, then start with those making a profit out of weapons and suchlike? Should there also be a tax on peace? And a guaranteed goverment bailout when companies have to make massive changes to adhere to new policy and agenda, or lose stacks of cash due to a pandemic (acknowledging furlough et al)?
Mr Whippy said:
I think you’re right but this wasn’t natural market dynamics.
Government policy on covid, then energy generally, and sanctions on Russia, have all provided this environment for a windfall, despite the sanctions in all those areas largely being a net negative on society.
It’d be tremendously unfair to sit there watching society take a hit by government policy to “make the world a better place”TM while you then said “ah but these were the tax rules so you can’t change them blah blah”
2007-2008, fine. But now? Really?
I guarantee that had sanctions, covid etc resulted in those companies making big losses you would not be advocating bailing them out. Government policy on covid, then energy generally, and sanctions on Russia, have all provided this environment for a windfall, despite the sanctions in all those areas largely being a net negative on society.
It’d be tremendously unfair to sit there watching society take a hit by government policy to “make the world a better place”TM while you then said “ah but these were the tax rules so you can’t change them blah blah”
2007-2008, fine. But now? Really?
I’ve not yet heard anyone sympathising with bp and handing them money when they made losses in the previous year.
ferrisbueller said:
If you're going to justify it due to war, then start with those making a profit out of weapons and suchlike? Should there also be a tax on peace? And a guaranteed goverment bailout when companies have to make massive changes to adhere to new policy and agenda, or lose stacks of cash due to a pandemic (acknowledging furlough et al)?
Cant see why we dont grab the profits from Moderna/Pfizer given they are selling the vaccine at 3/4/? times the cost to manufacture and didnt the US Government/public fund the research like we did with the AZ one?Gassing Station | Finance | Top of Page | What's New | My Stuff