Gulf Keystone Petroleum Share Discussion Threads

[atino] 20/6/2020 16:58

Why 🤷🏻‍♂️ have have ONE ☝🏻...when you can have “many”:

- classes...
- sects...(and social tiers)

...and kept them there 😞....to make “money out” off ? 😓😢


🙇‍a94;️👉🏻 What is negative income tax? The negative income tax is a way to provide people below a certain income level with money. In contrast to a standard income tax, where people pay money to the government, people with low incomes would receive money BACK 🙌 from the government 😇.

This structure is designed so that people who work will always make more than people who don’t, which would ideally incentivize people to work. While someone who makes a little money — but not enough to pay income tax — will receive less from a negative income tax than someone who doesn’t make any money, overall, the person earning more will have more. The goal with a negative income tax is that no one is destitute, and earning even a small salary is always preferable to earning nothing.

The UK & U.S. doesn’t currently have a negative income tax in place. It does, however, have the earned income tax credit, which functions similarly and benefits millions of British & Americans. That program generally has bipartisan support, and there is even legislation proposed to expand it.

🙇‍a94;️ The idea 💡 The idea of a negative income tax began gaining steam with the 1962 publication of economist Milton Friedman’s book “Capitalism and Freedom.” Friedman thought a negative income tax would alleviate poverty — and he believed it would have many additional benefits, as well.

Friedman argued that a negative income tax improved on traditional welfare — he wanted to give poor people cash rather than an array of welfare benefits. People could then use the money as they saw fit. He contended this would simplify the system — since it would be administered centrally by the IRS, who would cut the checks, instead of many different organizations — and be more valuable to intended beneficiaries, thereby increasing our transfer system’s bang for its buck.

A negative income tax, as Friedman saw it, would therefore solve two main problems: It would give people cash as opposed to in-kind benefits and have a much lower tax rate. While people would still lose benefits the more they made, with a negative income tax, they would always come out ahead with a higher income.


👉🏻🙇‍♂;️ These days, the government works to lift folks out of poverty by means of subsidized housing, grants, tax deductions, tax credits and hundreds of programs targeting different needs. Some economists and tax policy wonks have questioned the need – and the efficacy – of all these targeted efforts 💭💭💭 Why not just give money to people who need it, they ask. One way of doing so would be to implement a Negative Income Tax 😉😇

🙌 Reasons People Support NIT 1: It Would Help People (your be in better health mentally/less hospitalisation) and the Economy

🙌 Reasons People Support NIT 2: It Would Reduce Red Tape

🙌 Reasons People Support NIT 3: Counting on Wage Growth Hasn’t Worked

👥 Reasons People Don’t Support the NIT 1: It Might Discourage Work 🤨 (...a secret or shadow government can’t be having that !)


The idea of something like the NIT or UBI is attracting more interest as inequality levels rise and wages for those in the low- and middle-income brackets remain relatively flat. It’s not exactly coming up for a vote anytime soon, however. For now, at least in the UK & US, the NIT is confined to debates on the blogosphere and in academic journals 😞

[jackpotjack] 20/6/2020 16:51

So we need to blame the board for Covid 19 wrecking every Oil Co's share price ..?It a global disaster that not one CEO prepared for!

[bigdog5] 20/6/2020 15:51

When will they be receiving revenue for the much hyped 55k a day HAB SCAM?

[bigdog5] 20/6/2020 15:47

All those buybacks cancelled that cost multiples of the current SP, massive miscalculation and a waste of money that I've been saying for ages.

Now they've cancelled them so can you manage to join up some brain cells and think "why now"? What's altered to change another of their plans?

[bigdog5] 20/6/2020 15:38

Hab SHAM, tell us where the announcement is that transferred the MNR's 20% or so to the company for free. You know, the one that makes up the 80% WI.

Show us where the there's a reference to PW advising the company and how much they're paying for their expertise.

[bigdog5] 20/6/2020 15:35

Here's a little quiz for you. The company embarked on buybacks which I stated were a huge expensive waste of money especially when they needed massive funds to try and progress the field. Who decided that and what was the rationale for taking that action? The end result can be clearly seen wasn't what they hoped for. Now they're cancelling most of them.

Q, Can you work out why?


Hab SHAM gives his answer as :-

"Yes Bigdog we CAN work out why. The question is why CAN'T you.

It's called Coronavirus".

Wow, proving again why you miss so much. I'll try again and make it real easy for you.

Why did they go for buybacks when they needed every penny to progress towards their unachievable hyped up plans.

Who's idea was it and what did they hope the buybacks would achieve?
I'll help you with that as you're real thick, they hoped it would increase the SP, but it failed.

As most buybacks only increase the share price for a short time because the Instis/PI's sell into the higher price what was the REAL rationale behind it.

Why cancel them now?

Btw I know all the answers but it would appear from your attempt you cannot even understand the question.

[habshan] 20/6/2020 14:45

Bigdog - "Here's a little quiz for you.

The company embarked on buybacks. The end result can be clearly seen wasn't what they hoped for.

Q, Can you work out why?"

Yes Bigdog we CAN work out why. The question is why CAN'T you.

It's called Coronavirus.

If you weren't such a moron you wouldn't be miles behind .

Try to keep up.

[chinese_takeover] 20/6/2020 14:16

Question is : Will this now go straight to Sale, or, will they via another program of buyback another 22.9m, which would concentrate £4.26 per $bn or better still will they use the extra 200m debt facility to buy a far bigger lump? The sale profits for remaining shareholders will now be £3.80 per $1bnn dollars paid, as oppose to £3.50 prior to the 18m shares being cancelled yesterday$4-8 BN price tag imo £15 -30/share

[chinese_takeover] 20/6/2020 14:16

Good morning yank Dog

[bigdog5] 20/6/2020 14:00

Can anyone point me towards any announcement that states the MNR have handed their percentage of the field to the company and for free?

Strange that the failed Guru hasn't posted up this very important issue but finds sweating the small stuff of a taken down Rig rusting on site of far more importance. But there again saving his face and spinning BS rather than recognizing the evidence in front of him is of far more importance.

I had to unfilter the moron Urals to see what he told the other moron h7 as regards the cancelling of shares. LOFL. Has there been any announcement that PW are advising the company? So does Paul reckon it was them that advised the company to do the buybacks in the first place? Na, but it does prove I was correct with my thinking of who was responsible. But then again I get most things correct.

[chinese_takeover] 20/6/2020 13:34

Question is : Will this now go straight to Sale, or, will they via another program of buyback another 22.9m, which would concentrate £4.26 per $bn or better still will they use the extra 200m debt facility to buy a far bigger lump? The sale profits for remaining shareholders will now be £3.80 per $1bnn dollars paid, as oppose to £3.50 prior to the 18m shares being cancelled yesterday$4-8 BN price tag imo £15 -30/share

[chinese_takeover] 20/6/2020 13:34

Good morning yank Dog

[chinese_takeover] 20/6/2020 13:19

Question is : Will this now go straight to Sale, or, will they via another program of buyback another 22.9m, which would concentrate £4.26 per $bn or better still will they use the extra 200m debt facility to buy a far bigger lump? The sale profits for remaining shareholders will now be £3.80 per $1bnn dollars paid, as oppose to £3.50 prior to the 18m shares being cancelled yesterday$4-8 BN price tag imo £15 -30/share

[chinese_takeover] 20/6/2020 13:19

Good morning yank Dog

[broadford bay] 20/6/2020 13:17

Good morning bigdog,

P12 of the AGM Presentation:

Focus on value PRESERVATION
(CAPS are mine)

In the general context, Retention might have been better.

Most unfortunate choice of words...

[urals] 20/6/2020 12:08

Question is : Will this now go straight to Sale, or, will they via another program of buyback another 22.9m, which would concentrate £4.26 per $bn or better still will they use the extra 200m debt facility to buy a far bigger lump? The sale profits for remaining shareholders will now be £3.80 per $1bnn dollars paid, as oppose to £3.50 prior to the 18m shares being cancelled yesterday$4-8 BN price tag imo £15 -30/share

[atino] 20/6/2020 10:53

🤫🤫🤫🤫(Blue print ! we can end austerity, but “they” 👥 don’t won’t you too! )🤫🤫🤫🤫

A Canadian City Once Eliminated Poverty And Nearly Everyone Forgot About It



Between 1974 and 1979, residents of a small Manitoba city were selected to be subjects in a project that ensured basic annual incomes for everyone. For five years, monthly cheques were delivered to the poorest residents of Dauphin, Man. – no strings attached.

And for five years, poverty was completely eliminated.

The program was dubbed “Mincome” – a neologism of “minimum income” – and it was the first of its kind in North America. It stood out from similar American projects at the time because it didn’t shut out seniors and the disabled from qualification.

The project’s original intent was to evaluate if giving cheques to the working poor, enough to top-up their incomes to a living wage, would kill people’s motivation to work. It didn’t 😉😇👍.



But the Conservative government 👥 that took power provincially in 1977 – and federally in 1979 – had no interest in implementing the project more widely 👤😢😓. Researchers were told to pack up the project’s records into 1,800 boxes and place them in storage.

A final report was never released 😶😓



🙇‍♂;️

[highlander7] 20/6/2020 10:10

And of course stacking (storing ) the rig and laying both crews off , explains a large part of the staff Temporary lay offs.

They will , of course , be re employed when drilling restarts.

Leave it to the experts Macfly