Member Info for Indy0105

Thanks for the info on the short tactics Thunder. I appreciate your thoughts on this.

But I may also be talking a load of rubbish and my previous PMO experience is clouding my judgement. Even though got burnt last time I so have a soft spot for this company. I really hope it meets/exceeds its SP potential so good luck to you all.

Thunder, I don't disagree with you. However this share does not move or behave like anything I have seen. Why did Blair Thomas sell everything. He is so close to the company he knows every detail of the business from its finances and more importantly future decisions that could potentially impact its share performance. Now we have 3 day/probably 4 of short sellers adding to there positions. No one would take this risk on energy at the moment.

It does not matter what the P/E is if there board make a decision that could negatively impact the companies finances. IMO something is going on that could materially impact the balance sheet and debt profile and hence impact the SP. If you want to be like all those die hard EnQuest holders that have been waiting nearly half a decade for pay day then that's fine. But remember this is cyclical sector. Its not advantageous to be a long term holder. Just look at BP and Shell!

Thanks Proc. I hope I saved you some cash!

I’d rather save my hard earned cash. Already save 12k on being stoped out. Cash is king in these volatile times. I may be wrong but this share is being played and there is a reason why it’s dropping more than every energy stock in the the FTSE all share and most on AIM. This is how the PMO holders got burnt (me included).

Shorters mostly always win! I did warn you. This fall could get nasty. I suspect they may take it all the way down again. The rise twice now has be orchestrated to allow insiders to get out at high prices. The board here is filthy and I’m glad I got stopped out before this drop.

Looks like another Brutal day for markets. Wished I’d taken some profit on my other oil trades. Looking for a bounce at some point. So many UK companies now at massive discount rates. Question is how low can they go.

Thanks Basil, it’s getting tougher and tougher to make money in this market. Be interesting how the next few days play out. BOE will extend its bond buying whilst it’s required. If that means indefinitely then that’s the first domino. Other central banks may follow. Market is breaking and when it snaps all he’ll will breaks out. They will be calling this period the ‘great unwind’ that broke the market in years to come.

Shorts up again. I got stopped out so I'm 100% out of this now. Will wait on the sidelines!

Basil, Are you still in here? Would like to know you thoughts on the increasing short position. Oil up 15% in 2 weeks and Harbour down.

I think some of you are underestimating the impact of the shorts taken out in the last few days. Oil is up 17% in the last 2 weeks and most companies in this sector are up 10-20%. HBR is flat. Oil is most likely going to have a pull back next week and with low volume adding to those shorts could have a big impact on the SP.

Something is going on. Too many sellers close to the company that were able to get out during the buy backs. This to me looks like a someone knows something and is positioning themselves accordingly. Why else would you take such a big risk with oil heading to 100 buck!

Let’s see what happens next week but I’ll be reducing risk if the SP starts dropping.

What’s the play here? long Norco and short harbour as a hedge?

Some on here are a lot smarter than me. Can some explain this short in layman’s terms to me please? Is this good for the SP or bad. Was burnt last time by these shorting antics and certainly do not want to get caught in the cross fire again.

It’s really strange trader. Unless the are long oil, short HBR as a hedge. Make money both ways oil goes up HBR goes down lol.

This share is doing my nut in! Oil up 15% since the low and HBR flat. Investors are staying away for some reason. My other trades are all up 10-15%. Annoying that this makes up 50% of my holdings!

I suspect the SP performance, even had the HBR board scratching their heads. Even with the 100mil Divi, and 100mil buy back I still expect debt to be down another 200mil in Q3. Add Q4 earning and net debt should be around 400mil. That's pennies for a company forecasted to produce free cash flow of 2+ billion next year!

I would like a slow down in debt payments and more share holder returns. another 200mil buy back in Q4 would certainly help earning per share next year.

Don’t for Devon Energy. I have come to realise that the UK market is now the equivalent of league 2. If you want liquidity and SP movement then the US is where my money will be heading in the next bull run. BP is undervalued by 50% compared to US peers. Harbour is even more. Both companies performing very well but unfriendly policies and political chaos is keeping investors away from the Uk energy.

Duped me in to buying more this morning on the flipping fake out, lols

It’s been a frustrating week but It’s looking better this morning. Hopefully a good rise today.

Its 3% actually and they didn't have to let the Market know if they were still selling. They could have sold it all and then let the Market Know. Most likely they are rebalancing there portfolio and de-risking like many other funds.

Depends if the are still selling. I assume they are done for the moment as they would not have notified the market.
The SP although not rocketing has been relatively stable. At some point they will let it go.