Member Info for meoryou

My comment on Trump

Would be anyone who says no to him doesn’t last long.

So his team are almost all yes men ( and women).

Sometimes the answer has to be No

And there are very few left to be able to give that answer.

And those left who might say No ,realise that saying No is not a good career move ( for now)

If your thinking is never challenged,it never grows ,you continue to hold the same views as the world changes.

NSS

“ Our next problems could be BASF who have always said they are looking to exit oil and gas. However the tide re oil and Gas is changing as the world realises the need for a much slower and orderly transition so they may reverse their strategy or at least delay until they see their mythical £3.60 at least.”

I have wondered for a while how active a seller they really are.

As you say the political world has changed,and their investment is slowly getting somewhere.

Unless they have immediate plans for the cash

They must be impressed with the company that Hbr has become.

They will never say we are staying,but as debt comes down,and buybacks restart,I could see them again selling just enough to keep the same % ownership.

If ever someone comes calling for Hbr they are King makers and that’s a good position to be in.

Are oil markets complacent going into the weekend?

So far it looks like they are pricing more of the same over the weekend.

Look how that worked out last weekend, with prices spiking going into Monday.

Personally not a clue if there will be any developments over the weekend,but one way or other the US death toll creeps up.

Thought there would be more positioning for the weekend happening.

Personally since the start have sold 3,000 BP shares and repurchase in wife’s ISA at a small profit.

Sold another 2,000 shares to invest elsewhere.

But I was very oil heavy ( and still am) and will slowly reduce to nearer 50% oil shares ( split BP and Hbr)

Seems to me the US are still trying to manipulate the oil price with announcement of escorts and Jones act being suspended.

But they seem to have currently lost the ability to be believed.

As oil price this time has failed to move so far.

The timing of the 2 deals last year could not have been better.

Might just be perfect timing for a sale or 2 also.

But currently no need to rush.

Personally think the sale yesterday was too hurried as the strength today suggests they could have gotten more for it.

Think some analysts are going to be very surprised by earning this year

“ No need to do this as it's <5% holding?”

Unless an existing shareholder purchased them and moved over a reporting threshold

Cricketer

Our very silly low CGT allowance means we have to work harder to keep as much from the tax man as possible.

It certainly pays to actively use up allowances.

It’s always good to make profits

LLOG Exploration was listed as one of the successful high bidders in a recent US Gulf of Mexico oil and gas lease sale (Lease Sale 262), held around March 11, 2026. They were among other major bidders including BP, Chevron, and Shell, with high bids announced via a BOEM livestream

WP

Agree with most of what you have said.

But would add for any potential sellers that you need to also be very aware of the sp of the shares you want to buy.

Prices are very volatile and you might get 50 p more on BP ( 10%) and miss a chance on an entry 20% lower on your target share.

I know most of you are aware of this but it’s easy to get sucked in on BP and miss the bargains.

Once again strategic oil’s reserves are being used to try and manage prices.

Instead of being kept until we have real shortages of oil ,and they are needed for essential services.

Already we are seeing headlines that Europe is getting short on jet fuel,it’s not a real,shortage yet,but getting closer.

I no longer think Trump is in charge of how this plays out.

I don’t think it necessarily ends when he says we stop bombing,as Iran had shown it will close the straits.

Cease fires always come in the end ,no matter how difficult they are to arrange,but Trump has previous for bombing during negotiations.

Public opinion in US will start the end.

But public opinions in Iran will not have any affect on them.

Yes definitely

And would that make you want to take a tanker through the straits .

Even if you have insurance and a U.S. warship escort.

It’s a no for me

March 11 (Reuters) - A sale of drilling rights in the Gulf of Mexico on Wednesday ended with $46.98 million in high bids from oil and gas companies, with a single bid from BP accounting for nearly half of the total, according to a livestreamed U.S. government auction.

Industry Participation and Government Policy

The sale, conducted by the U.S. Bureau of Ocean Energy Management, yielded far less industry interest than the last one three months ago. President Donald Trump's administration has prioritized regular lease sales, and is planning for 30 in the region through 2040.

Top Bids and Leading Companies

A $21 million high bid from BP for a block in the Green Canyon area was by far the auction's highest. Other high bidders included Chevron, Woodside Energy, Shell, LLOG Exploration and Anadarko. Chevron's high bid total, for three blocks, neared $11.5 million.

“ We are 12 days in with no strategic releases prior and noone has run out of oil.

“How did that happen other than adequate existing supplies.”

There are supplies on the high seas which for some journeys take more than 3 weeks.”

So some of this supply is still arriving .

But will slowly cease as the days go by,

Stanleyb you do not have a discussion you abuse anyone who doesn’t not agree with you.

You have managed to fall,out with at least 10 posters just because you don’t agree with them

That is not having a discussion.

You may be entitled to an opinion.

But so is the person you abuse.

And just for the record

1) I don’t agree with Iran

2) you are now filtered

Nightpusher

I have been all over the place with this one lately.

I can’t claim to have had a strategy.

Bought some more around £2.80

Sold them and a bit more around £2.95 ish.

As wanted to take a bit of profit off the table just in case ( way to much oil shares).

Then this morning just could not resist.

So now have about 6,000 more than at the start.

We all make our own mistakes but happy at the moment so only time will tell

With so much shares in Harbour owned by around 6 or seven groups of shareholders.

We as smaller investors are always the play thing of these larger investors.

The majority of these large investors do intent to make a profit.

So being along for the ride will benefit us small investors.

It’s just a bit bumpy.

But some of those bumps are opportunities for us to top up.

The company is the same company as it was yesterday making roughly the same profit.

Yesterday it was worth a lot more.

Did it become worth less today .

One of the valuations is wrong.

Each investor decides which valuation makes sense.

Personally sold a bit of BP to increase here.( but nothing large just few thousand).

NSS

If someone like Slim or Letterone comes in and snaps these shares up

I would see that as very positive.

A committed seller replaced by a committed buyer.

Even if they only took half it would be positive

There are more ships have transversed the strait today.( at least 5 )

All Iranian or Chinese.But none are tankers.

But if their identification is off ( very likely )they will not show up.

Getting rid of anyone who plans to sell is always a positive longer term.

Short term pain long term gain.

I think there is a fair bit strength in Hbr this year

I suspect it will,be a minor blip in Hbr share price

But it’s Hbr so you just can never tell

Clusters containing dozens of vessels each appear to signal positions in and around the Strait of Hormuz, suggesting that electronic interference and GPS jamming have soared at the critical oil chokepoint that’s effectively blocked for tanker traffic for more than a week now.

At least a dozen such clusters, some of which numbering more than 200 ships in unnaturally perfect shapes, appear on vessel-tracking data compiled by Bloomberg, pointing to intensified interference with positioning signals as the war in the Middle East continues.

The GPS jamming is the latest in a series of concerns for shippers and vessel owners who have been unable to have ships cross either side of the Strait of Hormuz for more than a week, choking global oil and gas supplies and sending energy commodity prices soaring.

“Any vessel navigating the area clearly can’t rely on GPS,” Mark Douglas, a maritime-domain analyst at Starboard Maritime Intelligence, told Bloomberg.