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Bought some more going to try trading this share as the only way to make money,380 seems a god sell point,the ones I hold are still down the same amount as a year ago
This depends on whether the news meets the tests for being inside information and therefore warrant a RNS. The delay in Tolmount clearly probably was inside information given the shares fell 20% afterwards.
I guess there is no news at Tuna that is material enough to be considered inside information.
https://www.fca.org.uk/markets/best-practice-note-identifying-controlling-and-disclosing-inside-information
Happy to add at 350p
I repeat 350 nailed on for tomorrow!
Rookie1... we are all frsustrated... I agree with all you sadi, except the fact that you think Big Institutionjs are drivinbg the price down, so they can then hoover the shares and buy cheap at rock bottom sp. If that's the case, please let me ask you and anyone elese here who thinks like you:
1) What is stopping you, me and everyone on this board, to hoover the shares too and buy now at rock bottom sp? Why do we allow Big Institutions to buy and we do not?
2) Why do we sell in the first place and drive the sp down?
https://www.energyvoice.com/oilandgas/asia/370392/harbour-moving-fast-to-commercialise-tuna-discovery-in-indonesia/
Sources told Petromindo that “Singa Laut-2 tested 22 MMCFD of gas with high condensate while Kuda Laut 2 flowed 3,043 bpd and a gas rate of 3.4 mmscfd and 2,270 2.270 bcpd & gas rate 10.4 mmscfd.
Better news than a marginal discovery for sure.
Just to clarify that tweet about the baby seal is from last year!
So a gas discovery at TUNA is considered not important news but tolmount delays and reserve downgrades are?
My understanding is the RNS isn’t a PR channel but utilised specifically for regulatory info and disclosures of inside info - either good or bad. So the absence of RNS on Tuna suggests they have no info either way that would move the price. Meanwhile tolmount delay and downgrade did move the price lower and was presumably released as soon as they knew about it - there are very few circumstances where a delay in disclosure is allowed. The fact that the shares had been moving higher before hand and there were no wobbles suggests to me that HBR run a tight ship and there doesn’t appear to me to be evidence of leaks or manipulative shenanigans at all. A SP dip ahead of a bad RNS wouldn’t have looked good at all.
I’m still adding under 360p today.
https://www.upstreamonline.com/field-development/-source-of-frustration-harbour-energy-fixing-tolmount-electrical-faults-as-start-up-nears/2-1-1120127
Suggests tolmount could be end January
regarding tolmount, when last year HBR said they're launching it in Q1 2022 I read it as "end of March if we're lucky". I'm happy to be proven wrong on this occasion but we all know this well from the PMO days.
@jefff Increase overall in insti holdings (scattered over many). only the fidelity holdings so far have been large enough combined to trigger a change RNS
Just to add, being down nearly 10% in 3 days when oil has done nothing but climb and climb is not normal and should not be accepted as so. This is not simply lack of market appetite, this is someone else in the know or pure manipulation. Wait until oil retest $80’s and we will get shafted over yet again while more big buyers clean up.
Hi Stanley,
What I’m expecting to hear was an explanation to my previous emails with regards to complete silence about the Tuna gas find yet shouting tolmount delays and reserve downgrades from the roof tops.
I would also appreciate some clarity on creditor overhang shares because trying to find that info is about as clear as mud and that is what seems to be preventing any major investment at the minute.
I suppose you could just call me a disgruntled investor but I feel there is complete disregard for us 5%ers and the fact they can’t even be bothered to reply to anyone’s emails proves exactly that.
If there is no updates with regards to tolmount we want news on who will be held accountable for loss of earnings on this absolutely disastrous project.
@Rookie1 what answers do you expect to get from the HBR board? The SP is going down because this is market and HBR is completely detached from fundamentals. From the chart it seems that traders are heavily involved in driving the stock price with a lot of selling pressure in around 380s up to a major resistance level at 400p. Buyers interest is anything below 350p which is the level most IIs got into HBR.
@Pleebens should there not be an RNS for the increase in holdings.
i did post 350 target several times over the last week.
Everyone needs to contact the investor relations and put some pressure on these crooks to actually remind them we still own a stake in this company, as much as they like to think they don’t need to answer to us, they do.
Energy sectors just gone off the boil.Nothing more nothing less.Poo up yesterday sp down.You still think the sp doesn't foretell the direction of travel ;-)
There was 5 million squids worth off meat gone through yesterday at 386s sk ;-)
That picture of a seal for another part of tolmont thought it was delayed due to electrical issues if not how come there only laying pipes now......
ATB ;-)
agreed, SK, there are still sellers out there willing to sell in the trading range of last year ... and certainly not enough/nearly no buyers. Looking at the low volume explains it, I guess. Buyers of oil stocks at the moment are concentrating on the US plus UK majors like BP and Shell. Buyers might get interested here once there (finally?) would be some good news. In the absence of any news... its more or less seller´s willingness to sell up to a certain (low) price that is tested again and again. The share price is driven down by them until the selling stops... it recovers .. and selling restarts ... what one could or should know of course is that current oil and gas prices should produce some good news... just not now ....
It's getting to be like fantasy land each day here. I see we are currently sitting at 357p???
Unbelievable. As is the Board's reaction.
There must be an undeclared short interest at play.