RE:RE:RE:RE:RE:RE:VET fair price will be soon $40…Yeah I was really hoping that Irving would be able to wrestle Ireland's WFT rate down based on their declaration that they would have to close their refinery in Whitegate if the WFT stayed at 75%. I am still not sure what is happening on that front but Irish legislation seems to point to the Irish government calling Irving's bluff. We will probably know more when VET reports their Q3 financials and 2024 budget later this year.
VET is also doing quite a bit of drilling in Germany with partner Exxon and for the record Ireland is not part of the UK but belongs to the EU as a member state.
GLTA
Overertune wrote: VET's drilling is in NA and east Europe, where windfall tax is minimal.
Ireland is the only crazy one that ask for crazy 70%. Vet paid 300m because they didn't know when they make the acquisition. Both m&a and drilling will go down in Ireland region going forward. UK can't never be trusted again.