Member Info for BacchusII

Since February 24th volume has been increasing with one dip on March 11th. Along with share price rising this is an indication that the shares should continue to improve. Just remember nothing goes up in a straight line. After a pretty stagnant start as Harbour Energy the results proved that patience is key. Lots on hear were hoping for quick gains and were scathing about how management were performing. The merger is still really just finishing the integration phase! Whilst some have ducked out with 20 - 30% gains this share will double in time, perhaps just 6 months.
AIMO

Has the HopelessClown (from 350 pence) stopped stating a SELL or WEAK SELL?
HopelessClot would have lost those that sold 28% of an increase in value.
Really has no investment acumen whatsoever.
Still in here with entire holding (45% of portfolio - I really believed!) apart from 800 shares that were a minor top up when the price dipped.
GLA genuine shareholders :o)

Broker Berenberg Bank just as useless. A Hold at 360 - shares go up - um perhaps a Buy. A Hold at 400 - shares are up and will continue to do so - should be steaming hot BUY!

A windfall tax would be difficult to implement. I agree with others that company hedging is not the same for all companies, just look at Tullow that is not making as much as it could be. There are reasons why a company hedges and usually it is forced to by lenders. They hate losing money! When oil went into negative company hedges saved the bacon, Tullow would certainly have gone bust. So, would tax payers like to pay oil companies when things go wrong for them? No they won’t. Oil companies pay their taxes as they are and make decisions about investing knowing how much they will pay in tax. Oh, and they are a big employer paying tax and NI.
Simples.
Ps. How is your Short doing HopelessChappie? Still spouting drivel and stating Harbour is a Weak Sell? HopelessClown.

There will be no peace on current Russian demands. NO ARMS and stealing more territory! Totally one sided peace deal and will not work.

Putin should not be allowed to walk away stating I WON. Peace needs to be equatable to both sides.

There was always going to be a settling in period from the merger including due to creditors taking more shares and not cash. HopelessChappie clearly not got the information or intelligence to look at the complete picture without giving diatribe news not relevant for proper investment decision.

Those that were in PMO were naive thinking everything was going to be great instantaneously. However, the SP I think is a steal with it’s prospects. Expect Harbour may buy some more of Shell’s North Sea assets as well.

This share is a HOLD for dividend and capital gains. Don’t watch the SP every second as you’ll make a wrong investment decision 75% of the time AIMO

Ps. You sold HBR yesterday and I expect those to do very well today and in future. Their prospects are just as good or even better than Tullows with expectations of being debt free by 2023. I see both shares doing well but like to diversify rather than keep to just one oily rag!
GL

Not for widows, orphans or short term investors.

DYOH

Or an even more corrupt Labour government who supported the breakaway rebels in Ukraine.

Idiot.

Loss of faith in less than a year. Still think this share will blast off at some point. Really been in a 350 – 400 range since merger.

GLA

Now there is a dog of a share.

Tullow has plenty more going for it. Having staved off complete shareholder wipeout just a few years ago steady rises from here should be on the cards. No chance of 30 pence, that ship sailed a long time ago. As long as keep bringing the debt down all is good .

Methinks that going to 42 pence would be silly, therefore, 45.97 pence for another 30,000 shares was called for.

A nice RNS and Tullow will rise over 50 pence in a heart beat IMO.

The other direction will make my heart stop!

GLA

Last I heard 42% of assets were in Kazakhstan.

Some here have said almost 50% etc. which is not accurate and a ramp.

Director bought 2 x 60,000 = 120,000

Yes, unlike Evraz which IS being booted out entirely.

Proof is in the pudding as share trading in POLY continues unabated.

Some pretty dumb PIs around.

Mainly HopelessChappie was the one deramping stating a RI. I remember poo pooing that rubbish down at 25 pence.

Anyway, a director buying is a big positive for me. The main thing is Tullow will continue to pay down debt and good bits of news will provide a gradual increase in SP at the very least.

75 pence by YE IMO

A while ago I accidentally sold (at a profit) my entire holding of Tullow to them by them back a couple of days lower at 52p. I then watched them tumbled to 40p and I held until selling at 58p quite recently. Then, I bought back at 53p and sold at 61.25p. I now hold 30,000 at 57p and whilst regret, in the knowledge I should have been more patient for the floor, will now hold until I get a better price which may not be 57p but certainly higher than now.

Moral of this story is, always be patient and be prepared to wait months for a recovery if necessary. So long as you believe the company isn’t about to go down the toilet that is, this is not one of those companies!

Oh dear, went all Pete Tong for you guys today.

I have lost a fair bit myself today but still up overall. Did say before bell they were merely good.

GLA for tomorrow!

Back into FTSE 250 later this month.

Just bought back 15,000 shares at a total cost of 58 pence.
Happy with holding with OP expected to stay high but loads of “Results Traders” selling because they were not “Stunning Results”. IMO
GLA