Member Info for Indy0105

Might get my 2.90 buy sooner than I thought. Money to be made but not at these prices.

HRB need high oil and gas prices to clear their debt. The extra tax in now your dividends and buy backs going to the government. It does not matter that on paper this is undervalued. There is no interest from any institutions to buy these shares. BP is undervalued so is shell, what you think is undervalued is actually the norm in todays market.

The SS are proxy holder of these shares. The board know what's going on and that's why they have not started the buy backs yet. The 300mil they wasted is all under water and they know this so why buy at 4 when you can buy at 3. Its not the only company suffering. EnQuest will also be close to debt free next year or close to and they are valued at 500mil.

Markets are heading south, inflation is out of control across the world, the sovereign bond market has big liquidity issues, DXY has another leg up and VIX has not even come close to the highs it will hit in the 12 months. Oil has peaked and a global recession on the way. The only trade is to long the dollar, short European bonds, short the Nasdaq and short the European indices. You will more likely se £3 than £5 in the next 12 months.

I’m a buyer at £2.90-£3.00

Shorts increased again. They have done their home work and know that they have the upper hand against retail, who will continuously tell themselves the SP is undervalued and watch it drop until they are left holding paper losses they are unwilling to part with. I agree its under valued but no big institutional investor wants in. So many shares available to short, no volume and a government willing to destroy an industry for political gain makes this an easy target. Still money to be made but this has another 15-20% drop to go before it becomes tempting.

It’s not just an extension it’s an increase. The increase has not been priced in. If it goes ahead this is sub 4. You have been warned.

Hows it priced in? Your living in clown world! Raising the tax and extending it will keep the big money away from HBR. Low liquidity will open it up to short sellers. They will slowly erode the SP down to new lows.

"Mr Sunak and Mr Hunt want to maximise revenues from the windfall tax by increasing the rate from 25% to 30%, extending the policy until 2028, and expanding it to cover electricity generators - according to the paper."

Got to feel for north sea producers. Years of losses and no help. Now even a sniff of profit and bang, hit with more taxes.

Not just extension but 1 5% increase is looking likely. These clowns want to honor their manifesto whilst killing businesses. Time to het out of the UK. Public services are shot and tax money is wasted by a bunch of talentless individual who over zero value and hold zero credibility. £3.5 coming very soon I'm afraid.

This share is a pile of poo. Sold out and moved all to GKP. I’ll double my cash just in dividends alone next year. GLA but I’m out

I think next year will be when HBR finally reaches its potential. Debt free and most likely some diversification away from the NS. Another pointless buy back announced. If we had all received all the 600mil in divi's we would have most likely been the same price but had 15% back. Shorters have to pay back the divi's to the SH they borrowed from and that can be an expensive hit at 15%. Good rise today hopefully it will continue. If it bucks the general downward trend tomorrow I will add.

Be careful, the times in renowned for be payed by short sellers to print these types of articles. Saw it with THG amongst others. I very much doubt they with tax further as it will kill jobs and the industry and that’s the last message this new government wants to give. Rishi is a city boy and in knows how this will go down.

I think HBR should buy TLW or CAP. They need to diversify there production. It may even be worth selling 50% of there north sea assets. Probably worth a lot more than what they paid for them. Distribute half the proceeds to SH and the rest buy up assets in Africa. They need a better strategy as the oil and gas industry in the UK and Europe is shot. My first buy was in profit yesterday but now in the red. I was tempted to buy more but thought best to let it run a bit longer. Better to be sure. Went short on the Nasdaq instead but even that's up even with Meta, Google and Amazon all down 20% in the last 3 days.

Buying stocks and trying to predict the market is more like roulette these days Nothing makes sense. XOM and Chev smashed results and even they were down to start with. Options have got so big in the US is distorts the market.

Soder, the board is corrupt. they bought back a load of shares at a much faster rate then required tp prop up the SP so there main SH could sell at the top. At these prices you would expect them to announce a buy back of at least another 200mil shares at the Q3 update. I bet you a nice bottle Bordeaux that they don't, even though they were happy to buy in the mod £4's. At the moment I give them the benefit of the doubt, but if there is no SBB announced then I think you all know where this board stands!

Watch this dump into close

Spot on Strike. Been saying for the last few weeks that there are no buyers. FCF does not matter when investors know the the main shareholders are selling. This may get back to 4.50 at some point this year put unless they throw money at the shareholders, I doubt we will see £5 for the next few years.

Craig, how did the buy backs help the SP other than to help myself and the owners to dump shares at the top. I’m not complaining as I’ll get to buy again at sub 3.50, but a load of retail are over up to 30%. In 2 weeks.

All buy backs are now under water. Never really saw the point of Buy backs. Look at GKP, I pretty much made my entire investment back in dividends within 18months. Shorter's hate dividends because they have to pay out to whoever the borrowed from. More pause out the more they lose.

This is heading to 3.50 I’m afraid. Big market drop today. Moved my second buy order. Will continue to build a position here until reached my target.

Still very good but as I said before this is being played. Still waiting for price to reverse trend.

Your calculations are for cash flow not free cash flow laid back. Free cash is after opex and capex

Opex 15 bucks bbl = 1.1 billion
Capex = 1.2 billion
Tot = 2.3 billion

Free cash flow before buy backs and dividend is around 1.9billion.