Member Info for Harrycash

No fear.

Don't be concerned I don't take the comments of others that 'post' as rude or otherwise. We all have the right to write what we want as long as its not offensive.

I'm sure your analysis on HBR has merit but my call on the SP being 220p to 200p is really sentiment based. For me there is no other realistic way to look at HBR share price. Oil price up share price down, and visa versa so what can I say. I called 320p as a 'bottom' and that vanished awhile ago and my new 'bottom' of 220p to 200p I hope is wrong. Time will tell.

The pretty awful news flow from HBR management does' not help and clearly upsets the MM's. Tolmont/Argentina/ increased CAPEX/ Old Rigs, etc. All negatives. I've been here a number of times under the old PMO gang of crooks and frankly I don't see the present gang now controlling HBR as much better, if anything worse and certainly cleverer. As before it appears just smoke and mirrors that looks to bemuse shareholders. My logic is if Brent Crude is $74 a barrel why is HBR not awash with cheap money from Banks lining up to lend them cheap money simply because they could now arrange future hedges that should be around $65/$70 a barrel. If BP can do it why cannot HBR. You don't see BP struggling to get cheap money.

Anyway. You may be able to make sense of what information is available but I certainly can't. As before the only end game winners will be 'lenders' and 'bondholders'. We as shareholders come way down the pecking order so if this goes' sideways, which on the current news flow it could, then its us shareholders that get 'burnt'.

All theory of course but as I've said before I've already lost money on PMO and whether I can regain some of those losses looks now to be a distant fantasy. Others will disagree, but throwing good money into this moneypit is a for me now a stupid call. That money can be put into better shares that you may actually profit from. Old investment adage - 'do not try to catch a falling knife'

HC

Well I was really surprised that we ended up above 300p on Friday but today is a new day so the sell off starts again. I had pegged in 320p a few weeks ago but rejigged that way down to 220p to 200p as a bottom. Lets see what we end up at this Friday.

All theory of course and I know some will start quoting expected but amazing forward FCF, price of oil, output forecasts, hedge risk benefits, algo's, insider trading, etc, etc, etc. What's the point. HBR is a high risk share to own, same as when it was PMO but along the way the PMO shareholders got hammered, I was one, and the cleverer investing bods out there and MM's figure the new crooks on the board of HBR will eventually likely do the same to HBR shareholders, new and old. The fact HBR has legacy issues plus clapped out gear ain't helping with 4sure much higher Capex so lower actual FCF.

HC

So jeffries cuts HBR to 566p. A longggggg way to go to reach that fantasy number.

HC

Some here are braver than me averaging down on this share of nightmares. As it stands sentiment is now shot, and it could get worse we really don't know what further skeletons may lurk in the HBR teams inbox. As for analysts and the price of crude. Pointless to now link either to HBR SP. I could likely do better calculus on the back of a fag packet and make it appear either rosy or dire, depends what side of the fence you sit on.

For those with cash to invest I just don't see the point investing in this stock. It should have a big sign warning of 'shark infested waters' when referring to HBR and its management. If you have the cash put it somewhere else and preferably with a share that pays a divi because this garbage will never reward you 4sure.

All theory of course but lets see what those on the positive side of HBR predict as a bottom for this SP. 200p is my call.

HC

Hard to see the 'get out of jail card' on this one. Oil price being high hardly moved the SP now oil prices are going down the SP gets hammered. My stop on 186p may hit sooner rather than later given MM's clearly think there is more bad news to come.

All theory of course but averaging down at these levels is risky given the 'bottom' could be a long way off.

HC

It seems wise to now second guess this HBR debacle as predictable but we're just amateur investors at best. Those banging on about forward FCF and fantasy production outputs are missing the point. This company was a basket case when it was PMO, and now under HBR management its even worse. PMO investors were wiped out and HBR are doing the same to those now invested in HBR. This RNS, as with the last one on the Argentine ban, are just more nails in this old leaky coffin.

If your newly invested in this company my advice is cut your losses and get out and put the money elsewhere. For guys like me my losses are what they are from the PMO days so its already a wipe-out for me and even my averaging down when HBR was 20p, plus or minus, has now taken a huge hit. I think they term they use for this SP slide is a 'falling knife'. Sadly the knife has truly fallen.

All theory of course but if the boat is sinking it may be time to jump ship.

HC

Well can things get worse for HBR. Todays RNS suggests yes. Hard to see this share ever recovering and if those in the know knew bad news was coming they didn't tell us. That said the SP tanking kinda indicated things could be bad.

New bottom on the SP will likely be 200p, so in old money we're then at 10p. Not wishing to upset those diehards that may or may not have averaged down on HBR but I'm wondering if you will continue to do so. Investing in HBR is painful. My loss rolled over from PMO and I've basically written this off as a big, and stupid, investment on my part. Those still banging their hard earned cash into this moneypit need to seriously reconsider. If you have 200p+ to soend just buy BP. You may actually make a profit.

All theory of course but I'm sure others will have a different opinion and I hate to say 'I told you so'.

HC

So Jeffries were bad brokers for HBR. Is this the logic behind the SP being sub 350p. Its suggssted two new brokers will lift HBR SP. Unlikely. A bad reputation is just that. Bad. HBR are viewed as minor in the fossil fuel sector with pretty old clapped out rigs/platforms that need high Capex and taking on the disgarded segments the majors want shut of..Sure they can make money once the existing hedges end but where will that money go. My guess is not to us.

All theory of course but clearly the markets don't like HBR.

HC

It appears the price of a barrel of oil makes little difference to HBR SP. Even whilst oil prices were rising we saw HBR SP sink. Now there is a drop in oil prices what chance HBR SP rising. None. HBR is viewed as too risky with investors burnt by the PMO sell out so this share is really only for the brave. Now we've broken 350p what's the new opinion on a 'bottom'. My guess is 320p as likely if we get more market weakness. Can you average down on HBR. Not really. Better to put your money in known fossil fuel companies like BP and Shell. Think the word fossil is a good indicator on where the industry will go in future years.

All theory of course but 4sure tough share to be holding.

HC

The only winners from the 'reverse takeover' was TD, Bond Holders and other lenders. Shareholders in PMO basically got destroyed and the remnant that is HBR is set up for the same Bond Holders, lenders, and new board.

At a penny share there was hope even for us little players to average down. Now were in the 366p range so is anyone brave enough to average down at these prices. Not me. Why would I, better to buy BP or Shell, at least with them you get a divi and their Boards are closely watched by investor Groups. Who's watching the Board at HBR. No one.

All theory of course but my guess is 350p by Friday but if it breaks that 'bottom' we could eventually get back to a penny stock.

HC

Why would Board Members buy HBR shares. They get thousands if not millions of free Vested Share Options.

HC

Another week in the HBR share price life. What's the opinion on the SP. Up or down.

HC

Well I see the optomists remain banging on about hos cheap the SP is and its a 'banker'. No it ain't. We're currently at 372p so how is this a winner.

Oil is ptesently $70+ a barrel and the likes of Shell and BP are doing great and paying divi's. HBR ain't doing great and don't pay a divi so in my book this is a very bad investment. Am I missing something becausr this before penny stock is now worth less than it was 4 weeks ago.

For those that think this is a great investment just go on 'fill your boots' I for one will not follow the lemmings off the cliff.

All theory of course and I'm happy to br proven wrong. Time will tell and by the way Argentina have soveriegn rights over that bit of sea HBR and others got banned from for 20 years.

HC

I see some post here trying to be informative and helpful then get ****ged off because their predictions on SP rise do not materialse. Fact is the information helps but none of us have a crystal ball. The SP will only rise when MMs want the shares and they clearly dont yet.

Anyway those that post useful stuff keep it up. Those that just complain why not just read a comic before buying shares.

All theory of course and lets hope some rich HF jumps on CPI soon.

HC

It appears VOD may reach 110p sooner than we thought and likely before the next update. Not.much support at 118 which I thought would.hold but the markets are crap so VOD easy in and out day trade for some.

All theory but India kinda concerns me but whats the exposure if the lenders pull support. Clearly the Indian Government are not exactly helping.

HC

So now their looking at fighting the This bad investment gets worse by the day.

Now the Argentines are suing over drilling rights and banned HBR for 20 years. Waste of time and money fighting this better to cut their losses and forget it. Why waste millions. They would lose. Instead pay divi's which is really the only possible bright light with this outfit. Not that I think for one minute that these crooks will ever pay a divi. Just wishful thinking.

All theory of course but whilst the likes of Shell and BP prosper, and the SP rises good old HBR remains sub 400p.

HC

Miles.

Said all I need to say so good luck.

Hope you can make money.

HC

Miles.

To be honest I had thought my comments were pretty honest, balanced, and even humble. I actually admiited my mistake so not sure your comments or critism is justified.

On one point. When HBR were a penny stock I did average down, often, in an attempt to cut my losses. HBR then.removed that by the delution of shares at 20/1. If your up to speed you will see that has resulted in an iImediate loss since that date.

I'm not a math genius but I can average down but that tool has kinda been removed by the latest gang of crooks that is HBR. At 380+ I ain't buying.

A question. You say you don't hold HBR shares so please explain why the hell are you posting here. You say you somehow felt compelled to comment to my pists and give me your wise words. Why. Basically you suggest I should take my losses on the chin and shut up as that is part of investing, and risk. Why. I don't invest my hard earned money to lose it to the likes of PMO, and now HBR. Maybe you don't mind losing but I do.

Do me a favour and keep your sanctimonous wisdom to yourself. Also, stop bragging on the win side. Tell us about the losing side. You sound like the casino gambler only telling us how lucky you are, never saying how much you actually lose.

Anyway. Apoligies if my comments offend.

HC

If it goes' to 60p I will buy you a cold pint of Guinness, or two. Anyway, good luck and as you say always keep your eye on the ball.

HC

Actually Rookie I did not say HBR was a dog, although it clearly is. What I said was when I brought into PMO I thought it was a winner, and it was, but I took my eyes of the stock, what with Covid and all, and missed the new crooks on the block that is now HBR who basically robbed PMO shareholders with the help of Tony, et, al. I should have sold out then but I missed the opportunity, again my mistake.

As for the numbers, what's the point. None of us here have any idea what these guys are doing, do you really know, because I'm honest enough to say I don't. Even the so called analysts are doing their numbers on the back of fag packets, and coming up with the cash cow story that other posters repeat.

Simple math says that if your Capex on PB Oil is say $20, and the market price is now $75+ you should be making a lot of money. That would have been the case if it was still PMO but it ain't. Problem now is as before; liabilities - licenses, Capex, hedging, debt, lenders, unknowns, and Bond Holders, etc, etc. This HBR outfit is set up to benefit these entities not us so lets see what happens in the next year

Maybe their all correct and I'm just a bad loser. Simple fact is I lost money on this investment and those amateur theorists that suggest the SP will double, are, as I've said before missing the point. If the SP doubles it will not give pay back to original PMO investors. Diluting the shares made it worse because at 20p, or lower, it was easier to average down on the cheap with higher volume. Same same I know but looked better. Only those lucky enough to buy in at sub 20p will maybe win. Time will tell.

Apologies for the use of 'armature', and yes it is part of an electric motor.

All theory of course and investors make their own decisions, good or bad.

HC