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This IC results review and tip is a few days old, but I hadn't seen it before.

https://www.investorschronicle.co.uk/content/e9f30f60-3457-5f80-88da-1fe48d8393db

Quick tip:

https://www.macrovoices.com/

For more serious investors/traders, this is a great podcast covering global economics, geopolitics and energy. Been listening for years and it’s one of the best on my feed. This week’s episode is ‘heavy’ and not sure I understand all of it, but generally the level is moderate to advanced.

Kokomo,

Oil price weakness may only be temporary.

Watch the dollar index , which measures the greenback's value versus six major currencies. It's fallen 3.5% this week, and on track for its worst weekly performance since November 2022. It fell 0.4% on Friday to 103.81, after earlier sliding to its lowest since early November. A barrel of oil is priced in U.S. dollars across the world. When the U.S. dollar is strong, you need fewer U.S. dollars to buy a barrel of oil. When the U.S. dollar is weak, the price of oil is higher in dollar terms.

Trump is deluded if he thinks he can maniulate the oil price. If it goes too low, companies will reduce output; if output falls, demand increases with the price. But the dollar value trumps the lot IMV. Even trumps Trump!

I agree, it’s the messiest iH&S. If it’s difficult to see, then less likely to be traded.

Looking for a nice hammer today.

In the presentation there was mention of a deal servicing data centres. What’s all that about?

It was the 1.6m sell what did it.

If that was a BASF sell, we better hurry and agree the buyback bf they run out of stock.

Yes, good to see.

Linda has serious ‘ skin in the game’.

One thing is for sure, there are no ‘serious’ M&A talks going on currently.

If you're new to HBR this video gives a good overview of the company and benchmarks with similar companies. There are a small number of comments which are out-of-date given what we know from the Capital Markets Update.

https://www.youtube.com/watch?v=o3v8OWD54yA

Toeknee

What is certain is that GS have the resources to influence share prices - There is no ‘evidence’ that they are doing this to HBR. It’s also fair to say they are not squeaky clean (I’ll leave you to look this up).

As a broker, if they were acting on someone’s behalf in relation to a corporate action you would need to consider whom they act as broker for; for example they have a long history of representing BP.

Concerning gas prices they forecast the global gas market to grow 50% amid energy transformation. The paper below is a year old, but that’s nothing in macro economics, and it comes from the horses mouth.

https://www.goldmansachs.com/insights/articles/global-gas-market-to-grow-50--amid-energy-transformation

There was a question in the presentation

‘Do you worry about a takeover approach’

This was dismissed in a sentence ‘we don’t worry about such things’. This comment, and its brevity, can be interpreted several ways.

fogthemogg

500p to 185p?

that's not my investment experience - my average is just over £2.

harbour have transformed into a diiferent company.

i tend to think it's best to move forwards without my head permanently ****ed backwards.

Slow train crash?

You’re talking about a company with huge growth potential and dividends..

You must be thinking about your recent short position LOL ;-)

It means he no longer wants to be bothered to read your content. It will no longer show on his feed.

You did ask....

Added 50k here today; unbelievable value.

1/ Huge growth potential away from the UK.

2/ Focus on deleverage (important to me).

3/ Reserves for 19 years - covering my ‘go-go’ retirement.

4/ Sustainable returns to investors.

5/ Prudent management team making rational decisions.

6/ Environment and safety conscious.

- Happy to take some bumps this year and maybe next, but the longer term looks very promising.

Kign

The FCF forecast of £2-4bn is 2025-2027.

That’s the potential reward for holding longterm; and available super cheap right now.

All the rest is the dust settling following an enormous takeover. HBR took a very big bite.

Sold @ 244.6

Moved my LGEN position to CSH2.

LGEN might fly and I miss out, but my profit almost covers the annual divi, so not too aggrieved.

I can see a correction coming with tariff and war worries; both of which could be terrible for the financial/ insurance sector. I also needed a cash position and now have 22%

Obviously as things have played out today it seems like a good moment.

LGEN high on my watchlist for reinvestment.

GL longterm holders.

Some harsh judgments here.

Personally I think HBR are finding the process of integrating WD challenging and expensive. They now have a sprawling portfolio with some sites operating with a different culture of safety and efficiency; something that was mentioned in a recent article in Energy Voice. Imagine setting up all the business mechanisms, admin, HR, management structure, across different jurisdictions and legal paradigms. Then there are decisions to be made on where and when to drill and how to husband their finances prudently to ensure that debts and dividends are accounted for. Imagine the flights needed to put this in place and ensure oversight. A massive task that frankly, makes my head spin.

Integration will take a year as a minimum IMV and so we’re seeing the shock in the fundamentals of the company as they labour with the changes.

Those here for the long haul or income will reap the rewards, but there’ll be bumps this year, as we’re are seeing.

You obviously fancy a few Rob.

I’m sure they can find another muppets to replace him with; plenty of the in Liebour.

Tenobas

LGEN have their fingers in so many pies I can scarcely keep up myself. The company is massive.