Member Info for BacchusII

Strong finish today methinks. 63 pence is my feeling.
Wouldn’t want to be out over the weekend, lol

Crying into Prosecco when could be on Champagne.

Jefferies rates BUY and raises:

Harbour Energy price target to 680 (520) pence

Tullow Oil price target to 90 (65) pence

HopelessClown rates SELL lowers:

Harbour Energy price target to 300 (350) pence

Jefferies rates BUY and raises:

Harbour Energy price target to 680 (520) pence

Tullow Oil price target to 90 (65) pence

The Bank of Russia, the country’s central bank, has surprisingly announced a fixed price for buying gold with roubles. With a price of RUB5,000 (£45.12) for a gram of gold which on the open market is trading around £47.5

POLY should immediately convert all it’s Roubles into physical gold and send to Kazakhstan.

Rouble is being held artificially low at 81 and this will not last. Whatever happens the Western companies that have left will not be going back in a hurry.

There was an overreaction downwards to the results, I think by short term PIs selling and we know they are the butterflies trying to make stellar gains in the shortest time possible.

A more mixed risk approach works much better and long term share holders will be well rewarded here. So, hold a core and possibly trade in and out of troughs with the proviso NEVER buy back the short term trading shares higher than you sold at even if they go higher (you can’t get the high every time).

Here endeth the lesson. AIMO GLA

PS. Something is afoot!

Barclays Overweight at extra £1 to £6.70

HopelessClueless new/old Sell at £3.50

Yes.
Less shares
Less dividend paid

Technology stocks are renowned for big balls big rises on news and with Darktrace is no exception. I sold at £5.25 as I didn’t want to go through holding during these ups and downs anymore after last excellent results.
Bear in mind the share price was £2.50 less than a year ago and close to £3 only a month and a half ago. So, you have to Do Your Homework, have an exit plan, don’t be too greedy and above all be patient. Shares are not a get rich scheme in the sense everything goes up massively quickly.
Oh, and whilst currently not holding I think these are a buy. Just as with brokers I’m not sure what is a FAIR price but I had bought in the past from £4.78 to £4.16 so I believe they are worth £6. However, maybe best to trade the swings whilst holding a core. I may dip in but currently in oil and banks.
IMO

Don’t you just hate that feeling…“I sold out too early, are these about to pop and I won’t get back in?“

I think something is going on we don’t know about. Which actually is probably most of the time until rules dictate an RNS.

Just have a feeling is all.

Ps. Can’t see SP under 50 pence again unless something dire occurs.

A company can change it’s mind and not pay an announced dividend depending upon circumstances. So, it may or may not still get paid.

Or just DYOH by looking at the RNS
Don’t invest money you can’t afford to lose.

Not sure they know HOW to release the quantity of oil from US reserve. In any case, oil prices will not drop anywhere like $75 a barrel without OPEC (no plus) increasing output significantly. Therefore, Harbour will continue to pay down it’s debt and benefit from production and projects yet to come online. OP will remain high over the next 2 years minimum and Harbour will be debt free.
AIMO

Not sure they know HOW to release the quantity of oil from US reserve. In any case, oil prices will not drop anywhere like $75 a barrel without OPEC (no plus) increasing output significantly. Therefore, Tullow will continue to pay down it’s debt and benefit from production and projects yet to come online.
Pictet probably trying to see if they could squeeze SP down but Tullow IMO had a new floor and that was 46 pence. Kenya news could spike shares up 15-30% or 62-70 pence. However, agree with others that £1 is possible if the OP remains high which I believe is now inevitable over the next 2 years minimum.
AIMO

You still could have made more sitting on Harbour Energy.
Tullow is still in my portfolio as the dip to just below 46 pence was too good not to top up.

There would be damaging effects for long-term shut-ins of an oil or gas wells. Stuff in the well and on the surface is subject to corrosion and deterioration. Perforations and the well may become plugged and the pumps and bottomhole assemblies may be rendered inoperable due to the sand and debris.
Could be a problem for Russian producers!

7 BUY recommendations
1 HOLD recommendation
0 SELL recommendations (apart from HopelessClown aka HopelessClueless aka HopelessClot)

I see you losing more money on your Short.
Could be thermo nuclear war tomorrow….then again maybe the sun shine, Tolmount delivers and the shares jump 15%
But what do I know….I’m well up that’s what!

I can’t see the logic in taking over assets that larger oil companies have sold to Harbour. Therefore, little chance of a takeover IMO just wishful thinking.

Interesting that The Northern Trust Company AVFC holding has come down from 12.67% to 8.78% but share price continues to rise.