Member Info for Kayel

As to why this SP is only 350 (yes I know it’s gone up over the last few days)

Fundamentals so positive….

210kboe daily
Tolmount online
Energy prices
Dividend
Buyback
Exploration positives, even Zama might start to move next year
NSDrilling
Massive debt reduction
Etc

So why did SP come down from 530 to 300.

Why did GIC sell up. I know they could be realigning portfolios, but by so much especially with current energy prices? They know anything?

Dividends normally help the SP, but we’ve gone opposite way.

Ditto with buybacks. Many share buybacks purchase at a premium and the SP rises . In this case Hbr are purchasing at a lower SP than when announced? And who are purchasing from…PI’s?

Market manipulation going on? For what purpose.?

Suppose we’ve ruled out HBR going private….have we?

Happy with fundamentals but so confused.

I agree and current energy prices may give Hbr opportunities to increase hedging 2024 onwards but at a much better rate than the $60 oil and 41p/ therm hedge prices we’ve seen recently.

But as soder states, lots of profit to be made even with current hedging.

Not brilliant news I’m afraid. Oil hedging reduced somewhat next year but gas only reduced slightly. 2024 is where both oil and gas hedging currently down to under 10%. Let’s hope high oil and gas remains until then.

Anyone have information on how much hbr shorted. I can't seem to find much info suggesting significant shorting, certainly seems to be less than 0.5 percent?????

Can someone explain, LSE states 1.2 million shares bought today…. Yet Hbr bought 1.2 million shares…. No-one else buying other than Hbr???

4.7% buyback at current currency. Means existing shareholders divi up by the same once buyback complete (divi now up to 4.9% at current sp). More buybacks next year after debt paid off?. Maybe even increase in divi next year?.
Definitely one for LT holding (though we’ve said that before and I am certainly one of those who with hindsight now regret not selling at £5 and getting back in at current levels).
Buy the way I topped up at 3.65 which more or less maintains my average. GLA.

Assume 200k production, 50/50 oil/gas…
Assume Hbr reduce debt by $1.5bill in 2022, plus $100 mill interest. Leaving about $800 mill debt which they will pay off first six months next year (assuming decent energy prices).

Saving $1.6bill/year debt payments is equivalent of 22p rise in boe for oil and about 32p/ therm rise for gas.

Not very interesting until you realise we’ve been hedging so much gas at only 41p/therm in recent years.

Are we not owed a statement from the board? What with the windfall tax and latest sp tanking... Shouldn't they provide how it affects the company.... Future dividend? Share buyback? Etc. Perhaps they care **** about PI's, perhaps they are happy about sp fall, makes buyback a lot cheaper.

Missed the AGM. Was there anything said about buybacks?

If energy prices stay high then £5 is just the start. GLA.

Yes EIGs shares come out of hold but not sure they will be selling any. After all it’s ex-divi a week later and it’s worth abou £53 million for them. Plus, Linda Cook is one of their senior investment advisors so maybe they can see the positives ahead with high energy prices. Let’s see what happens. I’m sure they will know exactly when tolmount will be online. Might even be a very positive day. GLA.

Oops 200p not 600.

Oops 200p not 600.

Over 600p SP pre covid. New modular nuclear reactors seem to be getting lots of press. Just waiting for airlines to get back to normal and the rest of the world to settle (come on Russia time to leave). Lots of positives for LT’s. GLA.

It just states commercial flights, passenger, cargo, etc. Might not be as specific as you want.

Try Flightradar24. Shows 7 day average at 91k commercial flights per day compared to 109k for same period 2019. 2020 pre COVID was 102k.

4% of stock is a lot of shares to release (over 36 million). Someone ha bought them. Wonder if it was EIG, after all Linda Cook is their senior advisor. Interesting when EIGs held stocks come out next week. If they start selling it might be time to take profits, if they are still building then hold on to your hats.

Forget about the old money, we’re a different company now. Back then we were a 500 million value company with over 2 billion debt. Yes, if oil/ gas prices had been higher we might have survived, if solan had wanted many hundreds of millions we might have survived, if COVID never happened we might have survived, if our Asian friends ARCM hadn’t shafted us we might have survived. Bad management and therefore here we are. Get over it, start from scratch, and let’s see how this new company fares, I think it’s gonna be good but forget about the old 150p prices, etc.

Enjoying the generally higher volumes since results on 17th. Another large UT after hours again today (@449). Interesting to see what happens when remaining shares come out of hold at end of month. Positive. GLA.