Member Info for Bladesman

Nice one Stevo. Patience is the key word.

Maybe, but that does not excuse the incompetence of TD and his board for mismanagement of the debt situation .

But not former pmo shareholders I'm afraid. Never mind, thank you Tony .

Nope, thishfull winking

I'm.just wondering if the creditors might slow down the selling as they have de risked quite a lot of their exposure since newco launch and in the light of the strength of oil price . Hope so.

Getting to 20p is not something to be celebrating. Not even 30 p. When this gets above 35p that is THE time it gets to it's real value. So a bit more to go yet.

Shame hbr aren't hedged at price above 60, they rushed it I think to derisk the debt, and missed out on the PoO recovery to some extent . None the less improving PoO does help support sentiment or oilies and gassies and helps support the price when under such massive selling pressure.

Crude oil prices are tracking sideways between swing-low support at 57.25 and inflection level resistance at 63.81. The recent break of the uptrend from November 2020 lows suggests overall positioning is bearish-biased. A daily close below support initially exposes the 53.93-54.86 area (former resistance, 38.2% Fibonacci retracement). Alternatively, a break above 63.81 puts the peak near $68/bbl back into focus.

What is the opposite of a short squeeze ? Whatever it is, this is happening now. Cant smell any burning , only my pocket or fingers.

Brent at 80 ? Nice, but unlikely. In any event, hbr has hedged huge production volumes at 59 so wont benefit. Good news is, if that happens, those dozybrokers wont realise the hedging price locked in and lazily re rate hbr. Hope so.

Share buy backs wont be on the agenda any time soon. Need to get this ship sailing in the right direction first and divi policy sorted out. Interesting to see first set of results late June.

A well-implemented oil and gas hedging strategy can provide an
oil and gas producer with important benefits. The primary benefit
of hedging oil and gas production is the producer's ability to reduce
the impact of unanticipated price declines (known as price risk) on
its revenue. Several methods exist that allow an oil and gas producer
to hedge its expected production against price risk. Some methods,
such as swap contracts, fixed-price physical contracts, and futures
contracts, have the effect of locking in the price the producer receives
in the marketplace for all or a specified portion of its future oil and gas
production, but they prevent the producer from benefiting if prices rise.
Other hedging methods, such as put option contracts, establish the
minimum price an oil and gas producer receives in the marketplace
for its future oil and gas production. These methods protect the oil
and gas producer from price declines while allowing it to benefit
if prices rise. But they also require the producer to pay an upfront
premium, which may be significant.
Regardless of which method is chosen, hedging all or a portion of a
producer's oil and gas production against price risk can reduce the
extent to which the producer's revenue erodes in a downward oil and
gas market.

Best of both worlds then. Cant argue with that, what's there not to like. Cant wait for the over hang to get sorted and we return to some normal trading during May, all being well. Have a good week everyone.

My, 20 years ago, that is a long wait, longwait

1 for 10 would be about right bringing issued share capital down to 1.85bn . Seems right to me making sp at current prices about 2 pds.

What I meant to say is what that meant for hbr shareholders

In the investors conf call Linda Cook joked there were a "lot of shares " and talked of share consolidation and added the board would be looking at that in due course. She didn't say, or was she asked , what that meant. Anyone know ?

Cheers AK 47

https://www-marketwatch-com.cdn.ampproject.org/v/s/www.marketwatch.com/amp/story/heres-what-to-know-as-harbour-energy-becomes-londons-top-independent-oil-and-gas-group-11617887743?amp_gsa=1&_js_v=a6&usqp=mq331AQFKAGwASA%3D#amp_tf=From%20%251%24s&aoh=16180482077701&csi=0&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fheres-what-to-know-as-harbour-energy-becomes-londons-top-independent-oil-and-gas-group-11617887743

Not exactly covered themselves in glory in past dealings. I cant say I'm enthralled to own shares in hbr that is 8% owned by noble. Seems a bit like like arcm, cant be trusted, heaven forbid. Hmm, not a good end to the week.