Member Info for fogthemogg

"But don't forget the s/p changes on a daily basis"

Yes Daniel, the market decides the valuation on a daily basis. And buybacks always achieve their aim because they reduce the number of shares on the open market :)

"A reduction in price of brent from $80 to $60 is bound eventually to feed through to increased world wide consumption especially in very price sensitive countries such as China and India."

That is some wild logic. China manufacturing output is cratering, order books are drying up or blank, trade is being disrupted, consumer confidence is shot to pieces, US economy shrunk in Q1, Europe and many other regions continue to crawl or flatline so...People and businesses suddenly start guzzling more oil and petrol just because it's a bit cheaper?

"The next 2-3 year bull run should be underway either late 2025 or early 2026"

The damage by Trump tariffs has already been done, the ripples will continue for years. Why would it suddenly turn around at the end of this year?

329p was support after Trump's tariff diarrhea and the new multiyear low since 2021.

"Imo think Saudi's are trying to bring over producers back in line"

They can't, Saudi lost control of OPEC long ago and other members have repeatedly flouted the quotas and overproduced.

Maybe they'll all just open the taps over the summer...

@Modestus

Clearly the sector has been weak for a while...But, Harbour has been consistently making new all-time lows since 2023. From a shareholder value perspective, it is losing by a mile versus peers; even dogs like Tullow haven't made new lows.

"Linda Cooke is a good CEO anyway and she will get the debt down asap as she did before."

If a CEO's primary responsibility is to create shareholder value, then she couldn't have done a much worse job actually.

She can't get the debt down asap with a magic wand during an oil bear market, it is largely out of her hands. The much vaunted deal is increasingly looking like a big mistake.

Truth is, there's been heavy institutional selling since autumn 2022, first EIG & Blair Thomas and now BASF. Harbour have tried to mop this up with buybacks whilst convincing retail that the stock is an insanely undervalued multibagger.

It wasn't a convincing ploy back then and it looks even less so now.

Bugsy will have "Still buying here" on his tombstone 😂

"Reckon 3 months and we should see 1100. Anyone agree?"

Well, it hit 1093 last week so you're not sticking your neck out too much are you?

@Persiantrader

Simply Wall St.com? 🤣

Do you think the Maths PhDs who code the trading algos for Tullow also use that website for analysis? 🤣

"" This one is finished." ..... couldn't agree more. That is exactly why RG bought another 150K shares yesterday."

Yes, because old Roald's previous purchases worked out so well didn't they?

The fact that he only chipped in 20 grand's worth means he might be running out of cash🤣

"I have a degree in Economics ah well what a waste lol"

The guys who code trading algos are Maths PhDs, this has nothing to do with Economics :)

"Small free float is surely good for the share price"

If you're riding it in the right direction then yes, if you're not then no :)

Rookie, infuriating yes if year in year out people remain convinced that it's criminally undervalued and an undiscovered gem.

The correlation between share price and FCF collapse since 2022 is very strong.

Think Pgee, Tman and Bugsy probably take the biscuit for highest averages, they were screaming "what a gift" at 60p. Although Anton paper handing out during the Gabon coup, then buying back in the mid-30s was comedy gold.

Must be strange to know that with a 95% confidence level, you will never be getting your money back.

We've all bought too high in our lives sometimes but with stocks like Glencore or BP, you can say with a pretty high confidence level that they will recover at some point. This one is finished.

Same old FRES...

15/20 quid forecasts gone now JMAX?

Thanks Peter, I think those who sold HBR in the 300s then shorted it also use MSN.com for their investing decisions.

"The share price will stay in this range till the refinancing."

Riiight, I thought it was a coiled spring ready to fly and burn the devilish shorters?

Only a few weeks ago you scolded the cynics (again) and said Tullow had finally turned a corner...

Just take a look at gold in Asia trading today...Silver price still underwhelming though I think.