Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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obsolte, in te long run HBR should invest in asia and not spend more money here. you can never know what the returns will be here... no point in investing in the UKNS. sunak can invest his wife's faMILY MONEY IN THE north sea. he is welcome to do just that, and pay taxes accordingly.
HBR need to stop as much decom spending as possible while the WT is in force and rejig investment spend to be U.K. focused for a while. Im sure it can be done and the managers need to get on with it given Sunak appears to be holding fast.
HI E121,
The EPL is driving away international investors, o.k. the swedich holders of ENQ might stay...), but there are much better places to produce oil that the UKNS given that the stability of the fiscal framework for oil&gas is gone.
Since deomissioning expenses are being left out of the investment allowance of the new EPL, companies that are exploring late life fields like HBR and ENQ are going to get hit very hard.
At least HBR pays a dividend, while ENQ does not.
please check email...
With that tho Stanley all there doing is just fuelling inflation further by the small increments.Rates are still negative when you factor in inflation. So all it will do is put the squeeze more on masses.Just putting up the cost of borrowing.etc.
To curb inflation rates need to be at least a few basis points above the rate of inflation.
It's a freight train that cant be stopped which theyve caused.
Factor that in with soaring energy costs and no price cap for buisnesses it's a disaster in the making imo
Fingers crossed for the big bounce on monday then kiln ;-)
Comrieman, QE is the biggest elephant in the room where over the past decade they've printed ~£900bn to "help the economy" or quite frankly, making us all poorer. BoE's monetary policy is the biggest driver of inflation and now they're trying to cure inflation by hiking the base rate. HBR should be doing well in the current environment and we can tolerate lower oil & gas prices so for the LTHs the risk here is quite low, again all IMO.
I'm a diehard HBR LTH :)
Winning trade at the mo is none had a good week or 2 then got stuck in one yesterday ;-) and wanted to get out and get into hbr hoping for the bounce on monday but figured I'd let it go see what happens Monday
Been in and out of hbr talos energy joby aviation on a regular basis the last yr or so and easy jet now and then
But it's getting harder to call now.
How about yourself
It’s no good, I can’t manoeuvre
Stay on target
what's your winning trade now jefff? or are you waiting to buyback when it crashes?
I hope I'm wrong but some are ignoring the elephants, yes plural in the room, we're gonnae need a bigger room.
First gas prices, winter is looking at $300 a barrel, firstly UK gas and leccy cap will be announced beginning of August for October, We're looking at another £800 increase. As someone who stays just outside Stirling and knows the job market, if this happens, you wipe out the last bit of discretionary spending for the vast majority of jobs in this area around £20k a year. We could just create hidden QE again and stick it on a tab and pay everyone £600 and just pretend it hasn't happened.
Then we have house price inflation, this is what fuels capitalism but sometimes the party stops and the Piper comes calling. Well this year seems like the pipes are playing, all disposable income gone for the vast majority here yet house prices are still climbing, jeso, this ain't going to be pretty watching the fall from here, it almost feels like it's deliberate to get prices to a peak and then pull the rug but I predict the fall will be bigger and faster than anything you read online.
That leaves my investment in HBR, gas and oil are safer than money (Sterling)as seen by inflation and interest rates, I'm aware I jumped in on a downward chart that was over £5 so underwater a bit but somewhere about £3.70 will get me on dry ground.
So for anyone looking around, yes the economy looks not too bad but slowing house price inflation flags what's coming. The good thing here is OPEC hold all the aces in having a 4-5m swing production that they can drop if recession hits the West, they won't hang around to cut if needed so confident we'll end up £5+ within 12 months.
Its Scary Rookie the level of acceptance and lack of questioning especially by folk that are supposed to research
It's not me saying any of this this is them telling folk.
You got to be living in some sort of hypnotic state not to see what's going on either that or paid to post or have alternative agenda.
Nothing said on these boards is going to change the direction of an sp may create a few extra shares either way for people getting in or out.
See how the germans got to where they got to in the 30s now..
@Wellinterversion, Cheers. Eric Nuttall did fabulously with his picks in the beaten down Canadian O&G picks - Athabasca at 20 cents was a killer pick and it went up 1500% from the lows. His other picks like Whitecap and Baytex have also done fantastically well, although I don't own those. I'm in the likes of CPG and VET, and VET has exposure to European gas as they operate gas fields in Ireland, Germany and the Netherlands. And they don't have the headwinds of an O&G WT that the silly UK government has imposed on NS oil companies. Even with that in mind and given how much the likes of HBR/ENQ have fallen since the WT was announced, they're valued silly. I can't quite say that they're done falling and as there's a massive fiscal sword hanging over these North Sea biggies, but with HBR potentially debt free by 2023 and Enquest trading at less than 100% FCF yield, they should be good mid to long term investments. For the plentiful of traders on here, they're both looking ripe for a sharp trading bounce. Play them as you see fit I suppose.
It’s like going broke on monopoly and then starting to cut off bits of paper and writing £50 on them to buy hotels and stay in the game
Bank of america middle classes are being decimated
Jp morgan US economy is now in freefall
Bloomberg Shock US economy contracts again
Manufacturing output shrinks again again
Then 2 seconds later but US economy is strong and healthy
I've got a beachside apartment for sale in saudi if you want one cheap cheap
Scotland mos vote to make locking folk up law if they catch the flu
What's a matter with you people.And I'm the nut case
Jesus Rookie were in trouble ;-)
DB - ISMs may have slowed, but they're not contracting - that's key. What's happening under the hood is that inflationary pressures from commodity push is abating and that's a big positive. Major buckets of commodities to include crude/oil products, base metals, agriculture - all have dropped substantially from multi-year highs hit just a few weeks ago. The Fed may even surprise with the July interest rate announcement (50 bps???) and send out signals that interest rate hikes are doing what they're intended to do - dampen demand and push prices lower, and they don't need to hike as much as the market initially was pricing in after the last 75 bps hike. And if you follow the treasury market, the 2yr has dropped 50 bps along with the long end of the yield curve - 10 yr. treasury buyers are out in full force as they expect a rapid slowdown in the US economy - I have no doubt that it's happening at this time and the US markets have more than discounted this fact with a 20+% S&P drop.
To me, this is a great setup for oil awsconsumer discretionary stocks, once the market sees where the fed is going in the next meeting - contrary to what you're thinking, I don't think it's one or the other - both will move up, IMO, and as long as Brent doesn't run up more than 130 bucks and stay there, a US recession can be avoided. That's all that matters for commodities. UK is F'ked anyway along with the rest of Europe, but that won't have a discernable impact on profitability at HBR - oil's a global commodity after all. I'm a buyer here and Enquest at these levels. Both stand to substantially reduce debt by the middle of 2023, should Brent stay above 90. HBR has the advantage of even paying dividends + have a buyback programme, but the stupid WT has been a killer to both these stocks. Still, they're vastly undervalued.
P.S: I'd take a wager on NCLH as opposed to CCL, if consumer discretionary is your sector. They're financially a lot more stable than CCL and they'll go a lot better should the US avoid a steep recession, which is my base case.
You lot are nuts but it's great for entertainment value were all doomed anyway bits in between are just to keep you occupied.
Theres a global financial collapse happening and nothings going to stop it
Imagine a balloon (debt bubble)with a hole in it.
All there doing is adding more debt to it to keep it inflated
That's what there telling you with there we will stop th e fragmentation (implosion)in the debt mrkt by any means possible.
But they cant so inflation will soar and the mkts know it.Thats why the mkts are getting hit.
Just got to hope theres a few more ups and downs to be had along the way
China's opening up....and in the space of 2 yrs it has become totally normal off the cuff to lock folks up for a flu
Funny old times were living in
You've got the US sold out of flights July 4th hols and CHINA re-opening - so peeps stop de-ramping FFS China getting back to full swing, then the winter demand and will drown in the lack of capacity for POO - will be above $150 very soon. Today was shorters day - well done, this can only go so low....
The manufacturing economies in the UK, US and eurozone all slowed in June, figures showed.
look at the facts StanleyP. this is why the markets are down today. this data is what you would expect if we are heading into a recession.
You can’t be serious? Do you consider creating money growth? This is all propped up on false money pumped into the system, how on earth can you think that is growth? We have been in a recession the moment they closed the economy down over the flu, just because they pretend it’s not it doesn’t make it true, they said inflation wasn’t a problem this time last year.
the official line that they're trying to sell to investors is that "businesses slowed down in June" and that we may be heading into a recession. This is absolutely not what I see when I look around - central London is packed... people are buying stuff. It's 6.60 - 7 quid a pint on the embankment just 10 minutes walk from Paternoster Sq. (LSX) and you don't see empty tables. In fact, some businesses are doing extremely well, look at construction & materials... most stocks have been heavily in the red for the last couple of months but you hear that contractors are fully booked until the end of the year. Also, looking at oilers, you couldn't have asked for more in 2021 and now we must be ahead of expectations by any measure. Bulls will have it, IMO #NotAdvice