|Bid||13.38 x 0|
|Ask||13.44 x 0|
|Day's range||12.51 - 13.59|
|52-week range||11.87 - 24.05|
|Beta (5Y monthly)||1.38|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
North Sea oil production has plunged at its fastest pace in a decade as fears grow over a potential Labour government and Rishi Sunak’s windfall tax deters investment.
A British North Sea oil company has suffered a significant profit loss following the imposition of a windfall profits tax on the sector.
The company also reaffirmed its full-year production to be within its previous forecast range of 42,000 to 46,000 barrels of oil equivalent per day (boepd). "The UK's oil and gas sector faces significant challenges and loss of competitiveness due to uncertainty following the adverse changes to the fiscal regime," CEO Amjad Bseisu said in a statement.