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Well that was brutal. Two days with a drop of 80p + or -. We all lost money even us old PMO stalwarts.
What to expect Monday. My guess is HBR shares may be oversold and oil price on the up and US markets did well at close so FTSE may do well but a weekend is a long time in investing and Omnicron, or something else may rile the markets before Monday. HBR could get a dead cat bounce but I will add the caveat of 'maybe'.
My own view has changed from my recent upgrade to 'hold' to 'sell'. Reasons are many. The obvious one is this Board basically don't care about regular investors and their newsflow is at best crap so investors got totally blindsided by the update. Add Tolmont as an unknown because whatever this Board said in the update should be taken with a 'pinch of salt'. My view is they have no real idea when oil/gas will flow from Tolmont and yet more delays could be announced.
Big issue is Capex on Tolmont. With lower reserves the ROC numbers change dramatically. Question is if it requires huge amounts of Capex is it viable.
I had asked what 'sanctioned' meant as it was stated in the RNS related to Tolmont. I'm sure someone can explain but again the petro guys that live in this part of the world say a 'sanction' means operations cannot produce oil/gas until the problems are 'un-sanctioned'. Again Capex is the unknown.
I take no pleasure in attacking certain posters on here so might I suggest they calm it down a bit and I will do likewise. We all have opinions. Good or bad they should be able to be expressed. Simple fact is most here are losing money on what was PMO that is now HBR. Same company just changed the name to benefit lenders and the Board. We don't matter a fig.
Early Monday morning I will try and explain market forces, whatever they may be, that could affect the FTSE so please for those that get offended by my musings. Just don't read them.
All have a nice weekend.
HC
Actually Surfit I'd been on hols for a few days and posted only after the update and statied the obvious that most I assume may agree with that the update was awful. As is my.norm in the early hours I added a few thoughts on Worldly Events that may move the markets. All innocent stuff really not ramping or deramping just my opinions.
Low and behold the nasty Dumb Muppets start with the usual nonsense. Now i could be a grown up and ignore these Dumb Muppets but as long as they keep the nonsense up I will respond.
I have offered kindness to some of these Muppets in the past but sadly their peanut brains don't grasp the 'just don't say owt approach'.
Anyway, another tough Friday. Have a nice weekend.
HC
Oh dear Baccs when are you gonna grow a pair. Again, with the 'big profits' fairytale. You ain't made money on HBR and you certainly ain't made money on Darkside so come on dude be brave and admit the losses. Believe me even a Dumb Muppet like you will feel better if you 'own' the mistake. As they say it takes a man/woman to admit when their wrong.
Yep, and I believe the skiing in Austria BS. How you getting there. Oh yeh. Omncron express. What a turnip.
You have a lovely day.
HC
Blimey, is it me or are some of these Muppets not of this world. Now I have this Dumb Muppet 'laidback' putting his two pence in. Why exactly. Sadly it needs response.
The tag 'Laidback' means what exactly. Is it you don't mind getting taken for a Dumb Muppet by the HBR Board or is it you have so much money losing 70p+ since yesterday on this 'dog' of a share is no big deal. Or is it you only own 1 or 2 shares like your Dumb Muppet mate Baccs so losing 140p+ is no big deal. Tell me because I'm confused.
I will add that I've crossed your path before but I thought you had learned and would stay hidden under a slimy stone.
Some may say by responding like this I'm lowering myself to the low level of these Dumb Muppets. Yep, I agree 100% but after yesterdays update, that was awful, I no longer see good reason to even attempt to be kind to these imbeciles.
Investing is about understanding risk vs reward but sadly this group of Dumb Muppets just cannot grasp this concept or reality. HBR was/is a bad investment and is following the same gameplan.as PMO.
Anyway, enough of that, everyone have a lovely day and enjoy the weekend.
HC
Well not only do we have Baccs we now have Luckcounts joining the Muppet gang.
Can I ask you pair of dumb Muppets what exactly in my morning musing on yesterdays bloodbath on HBR SP was inaccurate.. Clearly the MM's did not think much of the update and please read the news on Tolmont ok. Apparently reserves are up to 50% below expectations and one part of Tolmont is 'sanctioned'. Whatever that means. Add that there is really no clear timeline as to when Tolmont will produce oil or gas. Just promises that can be broken again and again. Debt reduction is just guesswork and others have done simple math that shows the numbers don't stack up.
The divi was an attempt to steady the 'ship'. Sadly the MM's didn't agree. The rest is yet more 'smoke and mirrors'.
Now, I'm clearly not as savvy as an investment guru as the two named dumb Muppets profess to be but even I can see that yesterdays news was a disaster, or am I missing something.
As for my other comments on worldly matters that affect the markets. Were there errors. Hardly ramping or deramping.
Hard to debate with these dumb Muppets but I will try to be kind but I do hope they can.learn from mistakes we all make. PMO and HBR being both huge mistakes.
Being back at 15p old money looking likely.
All have a nice day.
HC
Well that was painful 4sure. Hard to see Friday improving much for HBR but dead cat bounce always possible.
Looks like Tolmont is the Xmas turkey for HBR with downgrades of up to 50% on what oil they have on tap. The update was iffy at best and Cavespring quick numbers may be the factor MM's are looking at. When will HBR be debt free. Looks like the unknown with the 'smoke and mirrors' act reminding me of PMO days.
Anyway, what to expect today. Asia up and down as I write. US went nowhere. Crypto crash continues. Oil price dropping. Bonds all over the place. Inflation running riot. Evergrande et al at the cusp of collapse. Putin maybe will annexe Ukrain. Xi upset at Canada for not using Huawie. Xi upset at Chinese companies listed in NYSE and wants them out as do US FCA. Etc, etc.
Could be another 'black Friday'.
All have a nice day.
HC
Hi my old mate Baccs
Apologies not chatting with you but obviously you missed me but on hols for few days. Nothing clamorous like your Alpine skiing jaunts, just beach, girls, and beer, but good enough.
Anyway, looks like the MM's were not happy with HBR latest attempt at 'smoke and mirrors' albeit the Divi amount of 200m was the 'carrot' to diminish the other issues like Tolmont. Actually I thought the numbers on FCF, although low, were ok but Capex is a bit of a 'black hole' and add in far flung shores like the Argy debacle and its clear markets are upset. Tolmont sounds like a disaster and it remains at 'when' not 'if' and one part of the Tolmont field under HBR control is 'sanctioned' which even to a layman like myself sounds pretty serious. Sure others will explain in more detail.
Anyway Baccs I always read your posts with great interest. You really are an arrogant Muppet telling everyone in recent days how your investment intellect is far superior to others, which I assume means me. By example. You actually say you 'called' the 385p 'pullback' and re-brought at that price and your sitting on a great profit. How is this possible when you only buy 2 or 3 shares at a time. Oh dear Baccs, what a front seat Muppet you are. Your like the gambler who only tells us when they win, they never ever tell us when they lose. Just a question. How is your Darkside investment going so far. Muppet.
My guess is the drop on HBR will be overdone today but confidence is the issue for this Board who clearly think nowt of us regular investors (I only own PMO ok). Point is we're back at close to 400p at the time of writing which is 20p old money. Where next for the HBR SP. Not a clue but are they worth investing in. Not for me even with a 16p divi that the MM's have still not factored into todays drop.
All have a nice day, and Baccs do buy some medication for your inferiority complex ok.
HC
For those interested in world events that will affect the markets and HBR Monday.
Evergrande and Raisa two of China property bubble may collapse this week or go to US type Ch11 which basically wipes out shareholders and low tier debt holders.
Crypto flash crash could worsen with all Central Banks saying zero value and in country Digi Money soon.
Oil price rising with SA raising prices on their supplies. Will it get back to $85. No idea.
Gold on the up good hedge on inflation and Crypto funds crossover
Asia markets weak.
Dollar holding up. Bond yeilds pressured. Debt oversold.
BT and Taylor Wimpey possible buyouts.
HBR. No idea but guess UK market will be under pressure.
Obviously those not interested just don't read.
All have a nice day.
HC
Oh Baccs you really are a dumb Muppet. Have you not worked out already that I live on the other side of the world. I've said it enough times hence my early morning musings that clearly upset you so much. Can I ask you why my comments and opinions upset you so.
Oh dear you must live an odd kinda life if this is your main 'playtime' at weekends. Do try and get out a bit and get some fresh air and do chill dude. Ok
HC
Hi Baccs my old mate. How's it going. Badly I assume if your having to read my posts on a Sunday. Anyway its always nice to hear from an old mate even though you remain a Muppet. Oh, just a point of order. Don't be using my disrespect words like Muppet find your own in the dictionary. And talking about 'dull'. I understand its dull and rainy, or snowing in the UK. If its snowing you can go outside and use your play ski's to go up and down the road and impress the neighbours who live in the other prefabs on your estate. Apr'i ski will be a bit difficult but I'm sure you will manage with a 24 pack of lager from Aldi.
Bp or not to Bp. Another one with nowt to do on a Sunday. Surely the point is HBR were 400p (20p) on consolidation, you know when they robbed PMO shareholders. On Friday they closed below that magic number. Hardly a stellar investment for most but maybe you brought dirt cheap so for now your in front. Will it last. I really have no idea and I guess you don't either.
Anyway, both have a lovely Sunday.
HC
Another tough week gone bye with HBR SP churn much of the same whilst the likes of BP did better.
HBR this coming week may go either way. Will there be positive news on Tolmont and upped guidance. If nothing new the SP will stay rangebound. If any exceptional costs look for downside with risk/reward dropping.
Oil price has steadied but each way bet on where the price is going.
Covid Omnicron will continue to rattle the markets and my guess is the markets may pull back with holiday season nearly here. MM's will want their money out to buy turkeys and stuff.
All theory.
HC
Hi Baccs
Glad to see your back. Still a Muppet and clearly you cannot learn from anyone. Just got to put your two pence into the pot.
On reflection you selling one of your two shares in HBR last Friday was possibly a good move although it showed you panicked. I didn't, I kept my grannies shares in the drawer. Not sure I agree with your 'sizeable holding' statement. What exactly are you talking about because it can't be about the size of your of your todger, or is your peanut brain we're discussing.
You have a really nice day and do try and catch up with worldly events it might actually help your Muppet brain.
HC
Hi Dozer me old mate. Glad your still around. I thought you had maybe hopped it to some dark place to hide your sorry ass with other Muppets.
Anyway, I do apologize if my early morning musings upset you in some way. Not sure why exactly as there just my ramblings on world events and what to possibly expect today in the markets. Kinda thought my comments might be helpful but obviously such worldly events, and market moving factors, go way above your Muppet peanut of a brain. Of course there is a simple answer to your conundrum. Don't read my posts, and certainly not at such an early hour of the day because your clearly not a happy Muppet in the morning.
You have a nice day but do calm down a bit.
HC
Well HBR hung on to a gain at least on Wednesday. Looked good for awhile.
Thursday could be tough given the Dow had a 1000 point churn after the 1st Omincron case detected in the USA. Certainly will not be the last there and many countries now reporting Omnicron in country. That said the Israel study suggests that although this variant is more transmissible the symptoms are mild and vaccines in play should provide protection but booster shots will help further. Moderna CEO really put the cat amongst the pigeons with his rather dire warnings which spooked the markets. Other big pharma outfits have been more positive in their analysis of Omnicron suggesting this is just normal behaviour for such a virus that mutates often. Mmmmmm. No idea ask the scientists.
Thursday could be tough. For HBR, and the price of oil, you need to look for Opec to hold steady. If they open the spigots oil prices will likely tank and impact all petro's. As I write the oil price is on the up but markets in Asia are mixed following the USA downtrend.
Inflation keeps making headlines worldwide with shortages for goods, and noticeably computer chips, holding back growth. Stimulus is already out there to correct the problems but this is already being flagged as nearing an end. Supply/demand remains unbalanced with even Xmas trees in short supply. Chinese production levels are getting hammered for a number of reasons. Covid, power outages, unrest, etc. We have to accept that whatever happens in China will impact all markets.
Today for HBR. No real idea but market forces suggest recent gains will again be pressured.
All theory. All have a nice day.
HC
Jeff
The problem is inflation which, because of supply and demand outstripping world production, is hitting 5% and higher. Car fuel here has risen 25% in two weeks. Basics are going up daily..gotta result in interest rates upped. Will it curb inflation. Unlikely in the short term.
All theory. Have a good day and hope better than yesterday.
HC
Well Tuesday was another tough day in the markets. Hardly helped by Moderna CEO suggesting vaccines will lose efficy against Omncron. Better to say nowt until he has all the information. That said Omncron popping up all over the world so the panic will continue. Travel restrictions will be expanded 4sure.
US dropped but Asia up after intial fall. Oil price on the up so far..could be a so so day for UK markets. HBR. No idea but may stay in this weak range if no positive news.
Powell spooked the markets with indications big spending into the market will stop sooner rather than later.
All theory.
HC
Hi Baccs
So glad to see your still a Muppet. Why not 'say my name'. Come on dude play the game correctly if your gonna play at all. ok.
Now I know your skiing hol's are on hold because of Omnicron so your depressed and cranky but get in your car and go to Scotland. Good skiing if it snows and better beer than in the Alps and a lot cheaper.
Now on your idea's for HBR. You got it wrong yesterday on your 'hit' prices within your range of 360p to 380p. You may actually get lucky today or in the coming days if we get a repeat of Fridays carnage. Just make sure you have 360p + 380p = 740p to close the deal ok + Trading fees. Like I said before I'm happy to sell you a couple of my grannies shares in PMO/HBR at say 360p x 1 and 370p x 1. This way you save on trading fees and stuff. Just send me your all of your details and include your Bank Account number and sort code.
Ok. I accept your past comments about my 'hit' range of 250p to 270p is totally unrealistic but never say never.
You have a nice day. Could be tough.
All theory.
HC