“Command those who are rich in this present age not to be haughty, nor to trust in uncertain riches but in the living God, who gives us richly all things to enjoy.”
I Timothy 6:17 NKJV https://t.co/UmYukcz3N8
Around the world, governments compete to attract oil and gas investment.
In Britain, we tax it at 78%, block new licences, and publicly condemn its profits.
Now BP, one of the largest energy companies on earth, is considering walking away from the North Sea altogether.
That’s not a market failure. That’s a policy outcome.
You have to ask: is this accidental or intentional from Ed Miliband?
The UK is the only Atlantic basin producer actively shrinking its own oil and gas sector by choice.
Norway: investing.
US: record exports.
Brazil and Guyana: production booming.
UK: licence ban + Energy Profits Levy + Jackdaw and Rosebank in limbo.
Same basin.
Opposite policy.
Capital, jobs, and tax revenue follow the rules.
They're leaving....
Games Workshop $GAW.L has returned 4,131.95% over the last 10years.
That’s an annual return of ~45.5% per year, for 10 years.
Out-performing $TSLA $GOOGL $MSFT $AMZN $AAPL & $META over the same period.
All the Mag7 except $NVDA
A silent compounder & one of the UK’s finest🇬🇧
@realroseceline Be careful of PE ratios - CFOs manipulate it every quarter. I’m an accountant /auditor so see it often. Free cash flow is a much better multiple to focus on.
@European_DGI It was very much overdue and directors should have done it much earlier than this. The market also knows it and the share price increased after the announcement. Weak management for taking so long.