I'm interested in the UK politics albeit on a different stock. IMO the impact of these policies is already reflected in FDR's current SP. Labour brought their policy document out in February and the labour landside has been predicted the whole way through this year.
Of Labours policies, raise EPL to 78%, no new UK North Sea licenses and ending the Investment Allowance it is the end of the Investment Allowance which is killing currently licensed projects.
There is potential that Labour retains the headlines of "No new North licenses" and "taxing O&G at 78%" but allows existing licenses, that were applied for under the old Investment Allowance policies, to still take advantage of that allowance.
If that happens FDR would be in a prime position holding some of the last UK North Sea licenses.
Now that Labour are in office they are under immense pressure. There own UK O&G policies forecast no reduction in O&G investment between now and 2026 which is almost the complete opposite of what is hapoening on the ground.
FDR Price at posting:
5.6¢ Sentiment: None Disclosure: Not Held
