Member Info for Danger_Mouse

WellIntervention is using all the known facts. He's not saying it won't be a volatile ride. I have been into investing for 35 years and know I can't time the bottom but also I don't need to get this timing perfect.

Supuser79 you should have a balanced portfolio and if you want Shell buy the ETF with the ticker ENGY and it means you don't need to pay stamp duty. Instant diversification for you. SPOG is a more US-focused one. Diversification is always good and should be encouraged and helps with greed. HBR will come good when we get even more certainly after the 17th and the buybacks.

BarclaysShare, I always try and wait for people who made 100% to sell out. Can take many months. As you have only made 50% I need not worry :-D. But in all seriousness at £40m I consider myself an early-stage investor this time.

I am in. I normally wait for 10-months before production starts before buying. That was "back in the day" an easy profit. I remember those times. But Glencore are doing really well and hope for a takeover of HZM because who knows where battery technology will be in 10 years' times.

The stupid prick helps to do a job. Without selling pressure others can not make money. I have only recently come across £40m CTL and believe it is without production a £100-150m company. £250-500 with funding. With a 1-2 billion market cap post-production. But people are dashing for cash and away from equities. CTL should be held in a long-term portfolio to ride out the volatility without capitulation.

I am not a trading CTL like HZM and will be adding on weakness not selling.

We can't expect a rise after a 1-year performance of 100% as many investors buying low will want out and we have to wait many months for sellers to get out while buyers buy their stock or wait and wait. I have started adding at the 200-day averages and this is very early for me normally... but as oil prices and majors continue up I am buying with confidence.

Rookie1 I think you posting to drown out the good posts here. Like Sekforde who is bang on the truth so I am posting it to the top:

"RE: Harbour Energy - MarketWatchToday 17:35 -
The windfall tax was introduced with effect from 26th May 2022. So there are 199 days in 2022 when we have been subjected to it. It will cost according to the company $400M. So on a full year basis that will be $400m x 365/199 = $733M. All other things being equal in 2022 with the tax raised from 25% to 30%, the cost will be $733 x 30/25 = $879M. In other words the additional tax will be about $146M for the full year. If and it is a big if the free cash flow for this year is $2.3bn (slightly above the latest range) and it remains the same for 2023 before accounting for additional windfall tax we are still looking at a free cash flow for 2023 of $2.3bn less $479 (additional windfall tax for the year) or $1.821 bn. I think the additional tax is a certainty. It is already factored in. But even so. It is affordable and the shares remain desperately undervalued. And whoever suggested production should fall I think is mistaken. It should rise. We do not invest $1bn plus a year capex just to stay the same."

Rookie1 - I don't think your dystopian view is applicable to say the US where the vast majority of the world's economy is. Business pretty much owns the US government and companies are well protected.

Indy0105 you not very experienced at this. It doesn't matter how good or bad the situation is both types of stock go from overvalued to undervalued. This is undervalued. We have near certainty there is an extension to the WFT that is why all oil companies in the NS are up with the oil price. Whose the clown now, lol

ENQ also up as is other NS oil companies. The Windfall extension will happen so the share prices from here are factored in this. Onwards and upwards with the oil price :-)

Indy0105 if your views are so true then it makes no sense for the share price to go down as your view is factored in so the SP must go up. There is going to be a WFT and that was last week factored in when announced by The Times. You need to keep up.

The extension to the WF tax on the 17th is baked in as it is a dead cert. Shorters expected the SP to decline but China opening has a huge impact on oil and also the share buyback so expect shorts to close.