Member Info for Auson

Redwineday,

No its the Barclays that had 900p rating on THG back in 2021. Just today Barclays put out a 74p target on THG. So lse2000 should 100% be buying THG today with both hands at 37p if he puts any weight in Barclays targets that is.

BlooBird,

I feel this might be a somewhat manufactured drop.

Lse2000,

Care to tell us about the shorts under 0.5% ?

Care to tell us why your fascination with this stock ?

39.44 to buy, hope no one panic sold !

Caveman70,

As he knows all about the shorts under 0.5%, perhaps he could give us some numbers on those ?

NT to buy 10,000 shares

Hi fecm,

Sadly I am no charting expert although I have been a casual/ slightly sceptical observer of charts for 10 years or more. In that time one truth I seem to have learned is that gaps on charts do like to get filled.

If you look at the chart back to Feb 2013 you can see a period of consolidation around May 2015 at a price centering around 62.6p. The same as the one around July/ Aug 2018 at 40.6p which we recently hit the top of that range at 42p.

I'm using tradingview com to see the long range chart.

Bloobird,

I hope you are right because the next gap up I see on the chart is 62.6

Lse2000,

Which is why I mentioned yesterday the cost to borrow being at the highest level all week, showing demand to borrow stock at highest level for 2 weeks !

Lse2000,

No change in shorts yesterday, so either late reporting or you are wrong.

'lse2000

Posts: 1,568

Price: 37.24

No Opinion

Nothing exciting!21 Jan 2025 09:59

Today's share price rise on no news clearly indicates that one of the shorters closed their part of their position.. But it does not mean they are exiting! Another shorter open more short at higher price to bring it back'

Steelbee,

The bounce off 36p if confirmed would be very bullish !

Lse2000,

Cost to borrow increased from 4.96% yesterday to 6.04% today. That does not indicate any shorts closing, quite the opposite !

Looks like a few trailing stop losses taken out in the 36.7p range today, 'so sad' as Trump would say

The US needs to find circa 305 million barrels to fill the SPR back up to the top. 4 week average weekly Oil production was 13,551 thousand barrels a day

'Over the past four weeks, US crude oil imports averaged

about 6.5 million barrels per day'

'U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)

decreased by 2.0 million barrels from the previous week. At 412.7 million barrels, U.S. crude oil

inventories are about 6% below the five year average for this time of year. '

'For much of the past year, oil traders were desperate to find a bullish thesis. Now, in the span of just a few weeks, they have two.

On one hand, amid mounting fears of a supply and inventory glut, Biden's parting gift of accelerated sanctions against Russian oil exporters and tankers appears to have promptly removed as much as 1.5 million barrels in daily supply, and pushed oil prices to a 5 month high.

But while Russian supply is set to shrink materially for the next few months, US demand is about to surge. That's because President Donald Trump said during his inaugural address that he plans to refill the US’s strategic oil reserve “right to the top” after it reached lows not seen since the 1980s under Joe Biden's handlers, who drained about half of the SPR after the Ukraine war to prevent a surge in oil prices.

Trump vowed to “bring prices down, fill our strategic reserves up again right to the top and export American energy all over the world” during his inaugural address at the Capitol Monday.

The Strategic Petroleum Reserve, which has a maximum capacity of about 700 million barrels, currently stands at at 394.4 million barrels following a record selloff during Biden’s administration, which drained about half by late 2023. The drawdowns under Biden included selling 180 million barrels into the global market in an attempt to bring down gasoline prices following Russia’s 2022 invasion of Ukraine.'

'The reason for the surge in tanker rates is that in recent days, major Chinese refiners have been been rushing to buy crude from the Middle East, Africa and the Americas to make up for the loss of Russian oil. A VLCC from the US Gulf to China was hired for $9.5 million last week, compared to a low-$7 million range over the last couple of months, shipping fixtures show. Indian Oil Corp. is also snapping upup Middle Eastern barrels, adding to the pressure.

Separately, there’s concern that tanker rates could remain elevated if Trump takes a tougher line against Tehran, which he has also promised to do.

“Rates could hold at these levels if Trump dials up the pressure on Iranian oil shipments, which is more likely than not,” said Junjie Ting, a Singapore-based shipping analyst at Oil Brokerage.'

SpaceHoppa,

40.10 to sell 200k right now. 40.5 to buy

'Some of these projects are Shell’s Gato do Mato in Brazil, Repsol’s Polok & Chinwol project in Mexico, Pemex’s Zama project in the same region, Navitas Petroleum’s Sea Lion project in the Falkland Islands, as well as Petrobras’ continued investment in the pre-salt basin.'

www offshore-energy biz/54-billion-in-engineering-procurement-and-construction-contracting-opportunities-on-offshore-oil-gas-agenda-for-2025/#:~:text=Westwood%20predicts%20that%20the%202025,to%20several%20project%20delays%20as

SpaceHoppa,

I'm ok if we settle around the 42p mark

Ripley94,

Will you buy some back if we re-trace ?

Ash78,

The so called 'speeding ticket' RNS is usually on market moves of 30% per day or more.