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Thanks-Why the such large discount?
I'm pretty confident no hedging on place, but it would be great for someone with more knowledge to confirm either way
Thanks for posting that link
Am I right in thinking that Touchstone don't hedge their production and are therefore befitting from the high POO?
On a positive, regardless of what happens to POO, HBR will be debt free in 2023
I'm afraid the hedges have snookered the sp. Most of 2022 production hedged at lower rates, short term poo irrelevant
Going by the so, you would think ncm have used the decline to steal all the gold ??
Large director buy confirmed by RNS
Wakey, This company is just under the radar-It will get noticed once the sp starts rising which will then be too late for most
Thanks Regulator-I did miss that, but very pleased they're considering it.
£33m in the bank, zilch borrowings, market cap £85m, pe on non covid business under 10, massive growth in revenues. If this was a tech company with that sort of growth, it would be valued at a minimum of £5. Personally I wish the board would do a share buyback at these bargain levels. They could buy 50% of the shares back easily
Thats the signal many have been waiting for
I make the hedging as announced in Feb for 2022 as 172 days of production (based on 50k bopd). That's approx 50% of 2022 unhedged.
I make 2023 67 days hedged (based on 52k bopd)
personal message to Bio-can you please just speed this process up, make a lowball offer and allow me to exit this pile of ****e. It's poorly run and I just want out at a price that I feel I can justify
Putting the hedging to one side, the company have done well on the production and costs front, which lead me to double my holding here this morning
Losses for hedging stands at $3.68bn-I think this has more do with why the sp isn't jumping
Can someone help me here?
I make it approx 200k bopde. Hedging for whole of 2022 at 44.17 mbo.
Therefore 220 days of the year hedged.
2023 theyve hedged 30.3mbo making it 151.5 days (so approx half the year hedged)
231,000 bbls are currently hedged in 2022 using swaps at an average price of $74/bbl and 114,000 bbls using puts with an average guaranteed minimum price, net of premiums, of $44/bbl.
That's out of 730,000 barrels per year
Can anyone do a quick pros and cons of the two companies, I'm already heavily invested in UJO but have just taken an initial chunk in EDR.
I should add that I already hold UJO