Member Info for fogthemogg

Apart from insiders who sold at 450-600p, how could long-term investors have possibly made any money from Harbour? Even the deal at 360p is still way below the previous high range, let alone Premier Oil levels...

FTSE 100 has gone nowhere since 2017 and is now only c10% higher than 1999/2000 levels, 25 years ago...

Facts obviously aren't your forte...Big tech, now that's buy and hold for long-term investing.

"Only if you've got the usual myopic PI short-term view."

Short-termers are the only people who've been making money from Harbour and the wider FTSE.

Sharpey, are you telling me that a stock rose 10% one week, and then lost all its gains soon after for no apparent reason? I'm shocked! Shocked to find that algos are penny flipping British stocks.

S&P 500 hit new all-time high this year, Nasdaq pretty close.

Dow Jones hit new all-time high last year and then again this year.

FTSE 100, gone nowhere since 2017 and only 12% above 1999/2000.

You don't have to be mad to 'invest' in the FTSE 100, but it helps...

There's going to be an 'oil supply shortage' every year apparently...See also silver, lithium, copper etc.

I see Linda Crook and the insiders have had everyone's pants down again...Laughing their way to Coutts. February and March ain't bullish for oil either.

You can't think of ANY reason why the deal will be done? Presumably you've put your house on it then...I think some bigger money has a different view.

LWHL, it got even worse after that huge alleged jobs beat :)

Hi JMAX, 2020 share price isn't comparable I'm afraid. Since then, revenue is flat but costs are up 40% and earnings have halved. FRES is a typical example of share price compression logically following earnings compression.

Despite repeated claims of it being 'crazy undervalued', FRES trades at c15x earnings which is ain't very cheap for a miner.

The potential is definitely there hence I'm here but let's be realistic, today we have a poorer company than 2020 or 2010s.

LWHL, if gold reaching for $2,100 again and silver at $23 isn't enough for FRES to break 550p, then it's going to need a hell of a lot more than mid-20s silver. More like $30+ silver and $2,500+ gold sustained for a year plus...If that ever comes to pass.

Fool me once, shame on you; fool me twice, shame on me. That quote was made for us Harbour shareholders I'm afraid...

Equanimity, this doesn't move even when PMs leg up. Hence the share price...

I've never heard someone say that a broker forecast is spot-on 😂

Nah, just another good old fashioned rug pull.

DBNO, why do you follow the oil price by minute, do you trade it?

Many oilers, Harbour in particular, disconnected from oil prices some time ago. The volatility and $2+ price swings (which happened on nearly 200 days last year) mean I'm not sure there's much point obsessing about intraday movements. Can be fun though I guess..

Hard to believe we're still lower than a year ago. This is despite the proposed deal and oil showing unusual strength for the period.

JMAX are you net long or short now?

It ought to be much higher as it couldn't have been much worse over the last year!

Even during March 2020 when it touched 456p intraday, it still closed higher that day than it is now 😂

BATS has a lift today from the fall in gilt yields, looking for it to break and hold 2390-2400 area, then dare I say it we might be out of the woods.

Greg, silver was supposed to rocket most years since the late 1980s...Nice little rise today, albeit paltry volume again.

RedBaron if you're going to invest in O&G and pontificate on forums, you should probably do at least some basic research into the sector.

Oil prices are increasingly controlled by momentum-driven algo traders, known as CTAs. 2022 and 2023 saw intraday oil price swings of $2 or more c200 days in each year.

They run futures up and down only tenuously (or sometimes not at all) connected to so-called 'fundamentals'.