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Tess,

Listen to this podcast from 26.10mins for a discussion on this.

https://www.financialsense.com/podcast/21335/double-feature-jim-welsh-and-dan-steffens-us-stocks-housing-and-energy

Bots

Should be adding nicely to HBRs bottom line.

Laidback

"ITH is UK based -"

Yes and it's only 1/7 of the size of my HBR position :-)

ITH also doing well (tucked in my portfolio).

Finally I’m minting ;-))

‘out of control’ us debt and spending is weakening the dollar’s status as the reserve currency. what is the price of oil and gas? - i’m tempted to think it’s more than the dollar price says on the grounds that the dollar is turning to ****.

Currently:

E-mini S&P 500 Index Futures

6,283.50 USD −40.75 (0.64%)

So Trump is not scaring the horses so far and all the information you've mentioned is 'out there'.

Let's see what side of the bed he gets out of on Monday.

Thanks for mentioning your current position and reasoning. I’m not selling myself but have cash available if there’s a drop. I think mid/low 180s a possibility to complete the right shoulder of the inverse H&S - Hopefully reversal back to 270-280p after that would be my reading of the chart (see 2 year chart). But we live in uncertain times.

For me the positives from HBRs perspective is that they have no property in US and are otherwise globally spread. Second, there a growing whiff of net zero cancellation in the UK as mentioned. Third, the company do not deal in USD which is an FX risk.

The big risk is a global recession, which will send everything southward - and I’d include bitcoin and gold in that.

However we have a low per barrel average production cost and barring extremes, the divi looks nailed on. Longterm prospect look good for this well run company.

IMO. DYOR

Stated that he will cancel net zero.

Sadly we have 4 years to wait.

I do wonder if a single large sell by BASF which needs to be worked by a broker over several weeks would need reporting until the trade is complete.

Looks like the right shoulder needs more work.

DYOR

I should have added that there’s nothing wrong with Harbour Energy the company.

So why the stupid shareprice mister market?

Kan discovery appraisal sees increased estimate to 500mmbbl

https://www.worldoil.com/magazine/2025/june-2025/features/harbour-energy-successfully-appraises-kan-discovery-in-mexico-increases-estimate-to-500-mmbbl-of-oil-in-place/

This is the right shoulder. ;-)

Hilarious.

The Whitehouse reaction is like catching-out a five year old lying and watching the reaction.

America is officially being run by spoilt paranoid brats.

Probably means Trump is filling the SPR that Biden drained.

"Trump's constant ego trips as POTUS are increasingly tiresome "

Trump's constant ego trips are increasingly being ignored by the market as TACO (Trump Always Chickens Out)

Added 12.5k.

Looks like the right shoulder of an inverse H&S bottom - and the treeshake I mentioned earlier.

We were in an up trend before the Iran situation and the SP didn’t react significantly to the situation or the oil price rise. Frankly it’s like it never happened on the chart.

What’s to correct?

Iran is no match for to US military. In such cases, countries resort to terrorist attacks and guerrilla tactics. This renders US military might useless; they’ll go for soft targets.

For example if Iran harvested enriched uranium and removed it before the bombs dropped, they may have enough for a dirty bomb. I note that they are essentially signalling to the US that they’ve won. I think there’s a sucker punch coming, but not any time soon.

"IF Iran takes any of Saudi's fields."

WOW - that would cause a giant sh^t storm and yes; oil praices would explode.