Deltic Energy Share Discussion Threads

[barnes4] 01/6/2024 09:48

A shareholders action group forget it
Never seen a successful one yet

[sawney] 01/6/2024 09:08

It's the removal of capex investment allowances that will kill the North Sea dead...93%..??
Labour have still not defined what they intend to do...without it nobody can budget..
It's just political gross incompetence..
Have Shell been given any guarantees about Pensacola/Serene...?...if not, I could see them walking away as well....
It's just Labour insanity..and they haven't even got into No 10 yet....

[cashandcard] 31/5/2024 23:37

Folks, it's getting to a stage where those who remain invested, may want to think about forming a shareholders action group. The company in its current form, with current assets, will really struggle to raise money. If they somehow do manage to, it's likely going to dilute current holders to oblivion. Until then it's death by a thousand cuts.Management need to consider, rationally, whether it's better to selloff these assets or atleast change the strategic area of focus away from North Sea - because this is the problem all North Sea pure plays are facing, the fallout of the windfall tax regime.It really does not bode well that the Big Brothers of the industry, the oil majors, are reducing exposure or exiting NS entirely. Something needs to be done fairly quickly to stem the tide.Cash

[cashandcard] 31/5/2024 14:20

Maybe. But I'm not sure they are selling out fully. My understanding is they are selling older, maturing production assets that are no longer competitive under the windfall tax regime or just not worthwhile pumping more investment into.The question is would they ditch growth assets?Cash

[jpodtrading] 31/5/2024 13:49

If Shell are exiting the North Sea, as suggested in recent news articles.. could they ditch Pensacola as well? Could Deltic end up with 100%?I briefly tried to find details of the farm out earlier but didn't manage it.

[currypasty] 31/5/2024 13:11

mcap £11m what is it worth as is?

[shinnas] 31/5/2024 13:03

Another 12days before zero...given the rate it is falling.

[mickinvest] 31/5/2024 09:52

So what's the script here?

I presume if they can't get carried or sell their stake for Pensacola, then after Selene is drilled, it's unlikely to be a bigger field than Pensacola so presume they'll be in the same position with Selene subject to it being a successful drill and end up with nothing?

[trop] 31/5/2024 09:11

Hurricane Energy Mark 2

[nigelpm] 31/5/2024 08:32

Time appears to be up for Pensacola. I would think frantic final discussions over weekend to try and get something agreed and RNS Monday either way.

[soilderboy] 31/5/2024 07:51

I agree. When this fell through my stop, I thought I would just leave em. Big gamble now, but it makes no odds how ig falls.It's all about, IF and when it may recover a little, even if it gets close to getting the doe back.

[barnes4] 30/5/2024 19:14

Getting quite used to it going down
Am at the stage now when it doesn’t really make any difference

[soilderboy] 30/5/2024 19:08

I'm not sure how this can be right, to be honest!

[barnes4] 30/5/2024 17:21

Hope you’re right

[forethought] 30/5/2024 15:55

It'll be right. Relax.

[barnes4] 30/5/2024 14:52

Fallen every session for a month

[ashkv] 30/5/2024 13:37

Sickening the board awarded the dubious muppets leading Deltic a bonus for 2023!!!

Fat salaries for doing nothing!!!

Should be behind bars... SWINEdells and his crew!!!

G C Swindells 2023 Salary & Bonus GBP 399,518 2022 Salary & Bonus GBP 468,648
A J Nunn 2022 Salary & Bonus GBP 371,471 2022 Salary & Bonus GBP 436,542

Gravy train coming to an end!!!

[pugugly] 30/5/2024 10:14

Shell and Exxon to sell £390m gas fields in North Sea exit
Oil giants end 60-year long venture in British oil basin

Another Red Flag?

[barnes4] 30/5/2024 07:21

Last minute.com yet again so very predictable

[soilderboy] 29/5/2024 22:40

For what gain.?

[barnes4] 29/5/2024 16:48

Primed for a very cheap T/O is my guess

[barnes4] 29/5/2024 14:21

Winding up for a Friday rns?

[trop] 29/5/2024 12:42

Hurricane Energy Mark 11