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Rubureeclotz, I'm not worried about the " hard data"
This is the Harbour energy board! Go find somewhere more appropriate to put your spill!
Yes. Price of oil is only going one way especially when drilling has been restricted for a nice few years now. Penny will drop the major error governments have made depending on renewables for our future. A joke. I topped up at 278 during the week.
Got a lot of Harbour already but just wondering if it’s too late to buy any more for the dividend?
Any thoughts?
Always excellent to note, further reductions in HBR Short positions as noted here today, now this being the second consecutive/back to back reduction by GLG Partners LP (3 & 4 April 2024).
https://shorttracker.co.uk/company/GB00BMBVGQ36/
And for once I will see green on this position ! Could it be next week ? Want to be in this to collect the divi That too in my case will get re-invested
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 03/04/2024.
Market Outlook
You may relax since our STAY LONG position is secure. The share price is above the confirmation level, and we still have the scope to let the profits run. The market action does not cast a serious doubt on the wisdom of going long.
Always good to note Brent Oil, UK and European Gas prices all nicely on the rise again here:
https://tradingeconomics.com/commodities
Today’s RNS - Harbour Energy Director shares purchases, which is always excellent to see:
“Harbour announces that Alan Ferguson, Independent Non-Executive Director, has purchased 10,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 283.39 pence per Ordinary Share.
As a result of this purchase of Ordinary Shares, Alan Ferguson has an interest in 24,203 Ordinary Shares, representing 0.003% of the Company's issued share capital.”
Wintershall Dea is one of Norway’s biggest producers, delivering around 170,000 barrels of oil equivalent per day.
With fields under construction, Wintershall Dea will soon produce more than 200,000 daily barrels,
“The Norwegian Offshore Directorate has granted Wintershall Dea Norge AS a drilling permit for well 35/11-27 S offshore Norway.
The well, part of production license 248, will be drilled using the Transocean Norge semisubmersible.”
Oil looking perky so hopefully we will continue our journey upward….
Good to note that HBR Shorts have now clearly started to reduce their positions here, hopefully this trend will continue ahead, especially with USD $90+ Brent in place.
https://shorttracker.co.uk/company/GB00BMBVGQ36/
BoA use of swaps designed to make them a dirty buck is like having a poisonous tick constantly feeding off you - and however hard you try, you just can't get rid of it. In the end it sucks all the blood out of you before moving on to its next target.
It doesn't seem to have been very successful with the last lot of swaps it did whatever it does with, because HBR's SP has continued to advance, despite "Parasitic Arachnid Inc's" (a more appropriate name for BoA) attempts to depress the SP.
Good..........let's hope it continues.
jmo
Interestingly the swap that expired on 02/04/2024 was over 5 million shares, but over 10 million shares have now gone. Looks like another swap with expiration of 06/01/2025 has now gone, also over 5 million shares. Nice if these swaps were used for shorts and are now gone. Could be since dividend coming up . I’ll be keeping an eye on shorts levels to see if it reduces somewhat over the next few days.
GLG reduced their short position by 0.09% yesterday. Not much but a move in the right direction
Thanks Spec - News is a nut job.
ACA and KPMG for me.
Not sure why accountancy is not a trade - I have him on filter as its nonsense and his posts very poorly presented.
I've followed RRR and Andrew for nearly fifteen years. Only Zumore and possibly Robins has been around longer or as long. Helpful I would say has been here eight years.
News comes out of the blue when Lenigas RNS lands say three months ago and knows more than anyone. Sorry he's an idiot and best place for him is Filtered.
***o 1 took 78 days for 11,700 feet so that should give you some idea…
@Neversellshell22
Any idea when the drill will get to the target depth?
Share price seems to be anticipating success
There was a lengthy discussion last year about swaps and from memory, I think it was said that it is how BoA adjust their holding without actually owning shares.
Thanks Craig,
Could you shed a bit of light on what swaps are and when they might be used or of benefit to companies?
Thanks
These are swaps. If you look at a previous RNS, you can see a table of dates for these and we can see that a transaction was scheduled for 2/4/24 (below) There are four more years of these, if at all, it makes any impact.
Swaps
02/04/2024
N/A
Cash
14383432
1.867079
Fingers crossed these were shares which were loaned out and its a short seller exiting but what do I know.
Any idea what and why we have that RNS today?..
We spudded the big beast on Sunday.....
https://www.upstreamonline.com/exploration/mubadala-spuds-key-ultra-deepwater-well-offshore-indonesia/2-1-1618151
******* patience? i have been here 6 years and listened to the same waffle over and over again.
“this time next year”
“don’t get a dividend like this anywhere else”( as you get a 10p dividend followed by 30p share price decimation)
“buy backs are great use of cash”
as we destroy are share price while the big boys exit.
honestly patience has not paid. look at the charts, and look at the world economy’s. there’s a reason why gold has done about 20% in 6 months.
Sitting duck I know some clever folk 3 things that drive the mkt oil $ and the us 10yr it's that simple
4 years of so many new accounts ts just like yours that have never been right because they havnt a clue to what actually moves the mkts
So spare me the lectures that not to say it's not going up or down it's just your just another one of the many who hasn't got a clue and probably set up a new account because your 2 embarrassed to post in your old one
No offence and all the best
Jefffff ;-)