Member Info for Auson

Canaccord Genuity used to have a target of 265, but that was when Brent was just over $100 a barrel... hold on a minute..

The selling will likely be done before it reaches 130, some of the shorts have already closed in March down to 3.78% from 4.08% stock on loan on shown on Euroclear

mick-b,
Here here
us little people have to do what we can to help out the rich.

PlatoComesAgain,

Yes sanction Sealion and provide UKEF finance guarantees on it. Lizz Truss has it, the application was put in years ago 242 million plus barrels of oil appraised and ready to be lifted.

Richie,

What do you mean I have already posted over there about Brexit once today !
Besides its quite tame.. have you ever looked over on ADVFN !

Krakenoil,

the 2 £1m sells would have been a buy matched with a sell wouldn't they ?

This is the only bona fide reason I can see for Brexit.
Cui Bono ?

JayK,

Interesting, care to share some price points your charting is pointing to ?
Are we not just waiting for the overhang to clear before the SP can bounce ?
My fag packet calcs suggest around 330million shares could have been sold on book. The question is how many were taken up by Instis ( at the discount ) off book ?

CDF1,

Very likely a worked buy at that price, if you think this morning TLW was struggling to hold 56p.

burnwell,

As I would expect it to be a non-cash impairment write down I don't think there will be any tax advantage to Harbour. Its like writing down or up the value of reserves due to a change in Oil price assumption, it could hurt the equity valuation a little thats all. I would expect Harbour would be keen to find a way not to do this on disposal.

sundezna,

Its been said a few places the ceasefire is not likely to be until May, so why miss out on where Tullow's shareprice could be after 2 more months of oil over $100 ! and what if we see a spike to $150 on announcement of Russian Oil ban.
Tullow still has 4.39% of stock on loan and it sure looks like the shorters are reducing.

Mirasol,

If you say thats how they have worked out the $597m I will accept that as I don't know. Totally agree that they will have value on the books Sealion 242mmboe at between $1 and $5 a barrel. Its something from this figure they will have to write down when they unload Sealion.

Mirasol,

Wasn't there $597 million for exploration and evaluation assets valued on 31 Dec 21

Stevo12,

A reduction in 2P and 2C reserves would trigger an non- cash impairment write down for Harbour would it not ?

Dark_Knight2020,

It could be for PM prices as it looks like the Petro Dollar is being challenged ( and a gold backed Petro Rouble or Petro Yuan in its place. They have been talking about such a move for years on Zerohedge.

Surfit,

Quite possibly, also the 40 year anniversary of the Falkands war would be bad timing to stoke up Argentine tensions and accusations of ' was it for the Oil'

burnwell,

As far as I know it would be a non-cash write down so will have zero beneficial effects from a tax point of view. It will I expect dent the shareprice of HBR which I think they might want to try to avoid. Perhaps by retaining a right to future profits from Navitas.

Mirasol,

From memory UKEF have offered security on $2.6 billion to Oil and Gas projects in the last few years

Falky,

I get that but POLY and HOC both had market caps of £500 to £600 million at the time !
I wonder if that 12m trade was a spread bet roll over ?

zebbo,

Doubtful thats happening anytime soon