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Shouold Osbourne have included a further tax on Energy companies in his plans
Comments
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chewmylegoff wrote: »P/E ratio is in no way linked to capital investment.
a quick google reveals that BP's return on capital employed in 2003 - 2005 was 14.7%, 16.4%, 19.9%.
pretty reasonable rate of return.0 -
Radiantsoul wrote: »Perhaps on an isolated small scale project. But overall the oil and gas sector have high P/E ratios.
You mean low?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
chewmylegoff wrote: »P/E ratio is in no way linked to capital investment.
But it does reflect whether a business is making excessive profits or not.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
chewmylegoff wrote: »a quick google reveals that BP's return on capital employed in 2003 - 2005 was 14.7%, 16.4%, 19.9%.
pretty reasonable rate of return.
Wonder what is is this year :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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chewmylegoff wrote: »P/E ratio is in no way linked to capital investment.
A major oil/gas company can either develop a new field itself or buy a company that already has a gas field. So I would say there is quite a strong link.0 -
But it does reflect whether a business is making excessive profits or not.
not really, because if a business is making "excessive profits", whatever they are, the market price is likely to increase accordingly as investors will be willing to pay more for the share in the first place.0 -
chewmylegoff wrote: »not really, because if a business is making "excessive profits", whatever they are, the market price is likely to increase accordingly as investors will be willing to pay more for the share in the first place.
Exactly and as these oil company shares have a relatively lowly rating, it means that investors expect lower profits in the future, mainly driven by state resource nationalism.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
angrypirate wrote: »Err, im working on a new project, oil rig in the north sea thats due to start up in the next 18 months and it will pay back in less than 2 years at current oil prices. But no, i dont think they should be taxed even more.... It'll only be passed on to the consumer at the end of the day
6 refineries up for sale in the UK also,this end of the world is dead for investment,all going to the East.The refinery i'm at were just about keeping the place legal to some extent,some massive projects coming on-line in the world,15 yrs UK refining will be dead and most finished product will be shipped in,unless it changes.Official MR B fan club,dont go............................0 -
I think this was the ample opportunity to make some serious money in tax for the UK gov't from the massive profits made by Energy companies.
Despite falls in wholesale gas and electricity production costs, or energy bills have been steadily increasing,and fat cat bosses and shareholders have been raking it in.
Surely the chance was there to introduce a windfall tax on these grossly inflated profits?
Don't know.
What do you mean by "Energy companies"?
What evidence is there supporting your claim that they are making "grossly inflated profits"?
I'm just asking.0
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