Member Info for BacchusII

What happens next time do you think 🤔

No self respecting bidder will come in until Golden Share gone and then should make a hostile bid to get THG on the cheap at 170 pence.

IMO

Ramping was rife on this BB with fancy take out offers over £2 hope you are ashamed of yourselves. Anyone who bought over 80 pence (especially over 100 pence) are going to be pretty deflated.

An asset is only worth what another person or company is willing to pay and not necessarily the sum of its parts. You buy a whole car worth £20k but it’s parts may be worth £30k, so let that be a lessen.

Not to bid confirmation

A dividend per share growth of nine per cent, driven by the significant share repurchases made over the last 12 months.

This statement in the update is for you Slater, lol

The relocation of major oil companies out of Britain will damage the UK in many ways, not least by losing office jobs, other jobs like cleaners and security, taxes, investment, but also reputation.

I hope the majors are talking to the government and threatening exactly that.

The government are not blaming the producers for the high oil and gas prices. They just don’t think they should be making extraordinary profits from the high oil and gas prices which is completely different. You can argue that all the oil and gas companies are making an extraordinary profit.
However, the EPL is not fit for purpose and is structured not to take into account hedging or put in a floor where extraordinary profits are not being made.
It’s excruciating watching the share price go down, but ultimately even the government and a future Labour government are going to rue the day that they kill the Golden Goose that makes them a lot of tax already without the EPL and have to pay top dollar for oil and gas imports.
It’s absolutely crazy.

Headline Kign
Windfall tax harms oil and gas production and must be cut

Blody Mary and Sweet Jezsus!

How markets have changed. A couple of pence rise, wow. Just going to have to wait for some other news to move this share!

Crucially no EPL of ridiculous 35% regardless of commodity price.
Exactly the type of news outside the UK to reinforce not investing anymore than absolutely necessary due to Harbour’s existing commitments only.
No new investment in the UK please.

Everyone has access to the list of Shorters over 0.5% and whilst there may be quite a few smaller Shorts to keep saying Shorts are “running scared” or “are closing” is quite rightly a pile of pony and this type of ramping only works on complete a novice.
DYOH before making crass remarks like these.

I thought Slater Buybacks didn’t do anything…..maybe they do eh!
;o)

Article states 4 scenarios which the article also states are ALL unlikely. Therefore, no $200 oil per barrel. I see a range of $60 to $120 without any major crisis points moving one way or the other.

Currently oil dripping back down again….which I believe may aid introduction of an EPL floor, I hope!

We’ve all played the game where once you get the dividend, you sell the share and move on, or you realise that there is an element of investors who do move on and, therefore, the share price does drop! However, well run and profitable companies this drop tends to be short lived, so is this going to be the case here?
Harbour Energy shares are now close to their all-time low of £2.29. So can I see the share price continuing to drop further, perhaps, but I don’t think so and for this reason I’ve gone all in here (not a strategy for widows and orphans may I add).
Shorters, I don’t think are a problem, it’s just a general malaise in share prices in the UK in general and especially oil and gas companies that are suffering from an over exorbitant EPL with no floor.
A year is a long time in investing and just because the shares have dropped 52% during that time, there is no reason to suggest that they won’t reverse the trend with good news. After all, we have acreage in other areas of the world and good news, always sends a rocket up an oil and gas company.
It is that my belief that the shares are too low now. Maybe even a merger could develop, only the board knows what is being discussed to improve investor confidence.
AIMHO GLA

Slater the Harbour hater has correctly summarised what buybacks, “They are not…”, but has not given the very positive reasons why they are good….and I’m not inclined to edjumacate the one sided view stated.

“Don’t take my word for it, look it up for yourselves.”

The EPL (poorly constructed and implemented) has been a real drag on Harbour Energy’s SP, warranted by the shear time length to 2028 and the crass Government not including a mechanism of reducing or stopping the extra tax.
Let’s hope some sense prevails in the not so long future otherwise investment in the UK industry is seriously going to suffer and so will tax payers by bankrolling to import oil and gas!
I’ve been a buyer all the way down from 385 pence and it hurts. Been selling 15% of my holding after the ex dividend date and buying THG and DARK. Made a few quid, bought back at 241 pence and now 100% of portfolio back in Harbour Energy. Just can’t believe this ridiculous SP but if folks are selling at least the buybacks are at a cheap price as well.
Here’s for a run back 425 pence with any good news on structure of EPL!

….aren’t stupid and they ‘gamble’ as well (JeffM). They take a long term bet and whilst may reduce their Shorts will keep some open hoping there is no bid. However, writing is on the wall and at some stage THG is going private. Sooner rather than later for short term holders I expect.

Over a year:
Harbour Energy - DOWN 52%
Shell - UP 11%
BP - UP 33%
Hunt stated Windfall Taxes would be Windfall profits but the reality is the idiot is simply ruining the industry and future investment. Bunch of clowns politicians.

Normal PI’s can’t take part in this auction process either.

Record date
This date is used to determine who is on the share register and therefore entitled to the dividend. The company sets the date of record after it has announced that it will pay a dividend. You must be a shareholder on this date in order to receive the dividend. Record dates are usually on a Friday.

Harbour Dividend Record Date: 14 April 2023 (see their website)

DYOH

Just read the update and still believe a-bounce today. Boing!