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Oil has been roughly the same all day. Gas up 15%,
Imagine what will happen tomorrow if these fall on the back of the uncertainty.
My guess is that tax at 30% and extended for 3 years with the option to cancel it at any point from the government.
It is all a bit suss all this, tabloid journalist posts a story creating panic from unamed source. People sell out at high prices and short the Shat out of this then when the government dont do what is expected everyone jumps on the band wagon and the price rockets.
By end of next week this will be back at 370p minimum. 20percent isnt to sniffed at even for me. Imagine all their mates with fingers in the pie loading up in the millions.
I'm in this for my family, 4 little kids to try and give them a better life and to make improvements to the house.
If it means going down further so I can buy in and make more then so be it. Everyone had the opportunity to sell and buy back today. For some reason, some did, some will wait and buy back further and some have stayed put.
Those that have stayed put then I am sure it will recover. If you are in at a higher rate and cannot average down then you are over leveraged in it.
Those that need the money and have to sell below what they bought it for have made a silly decision based on the tune frame.
Simple advice don't use money you cannot afford.
In the past I have listened to the rampers. The skies the limit, this share will go to the moon. It will be a 4 bagger etc do not listen to them.
Keep an eye on the oil price and gas prices day to day and above all look at the external stuff what is coming up in the news and economy.
Either trade or try and sit tight. This is an excellent company currently being shafted by external processes and in the next year or so will be a fantastic business.
It all depends on your circumstances. But do not use money you cannot afford to lose.
Most people commenting, are in it for a few thousand, some tens of thousands, some even more.
Anyone on substantial losses, sit back and do not worry. Everything will be ok. I lost 100k at the start of the pandemic. I thought about all sorts. I held tight when tullow went down to 7p things generally come back. This company isnt going anywhere apart from up, once this shafting has been and gone.
Don't do anything stupid. Tall to people even if on here and chin up.
My position is I am waiting until 325p or under and I fully expect to make 33% in 6 months time. On 44k that makes me and my family a bit better off.
Good luck to everyone, we are all here to make money regardless of everyone's strategy and personal situations.
Or will we see a continued fall? Will it recover tomorrow for a small bounce or does it drop to 330p or 320s. If only I had a crystal ball.
Genuine question, those that sold and looking to buy back in. What price would you settle for?
Sorry to long-term holders about the fall, it isn't nice and I've been in the same situation before. Two options, sell and buy back in lower and gain a few more shares, or hold and wait it out, as this will certainly be 450p in January at the very least.
Whatever you do, don't sell and be scared to buy in at a slightly higher price and miss out. I have done that before as well.
Good.luck to everyone.
If so it's down to 320-330p, if not and we stabilise at 350p then possibly the rise may start. If oil drops further then this will get smacked either way.
Like I said earlier I have £44500 to put into this as I'm sure as hell I will make a nice tidy profit.
The big question is when do you buy back in. Getting the timing right is crucial.
Good luck everyone regardless of strategy. We are all here to make money.
I am a straight forward poster. I sold 11126 shares last week at 399.42p having spent £40450 buying them at 384p a few days before. I should have sold at 410plus but you never quite time the highs and lows.
I have watched with £44500 on the side lines since. I saw it fall back to 368p then rise on Friday and thought maybe I have missed boat, however, given the circumstances I thought I would remain in cash.
I used to hold Tullow and watched it slowly eat away, so started trading that and made 8k profit in a month. I used to listen to people bang on about the good times and keep it in. I have now obviously started to trade and take small profits.
What do we think the bottom maybe? Obviously I know that's a tough question. Will we see below 350p, 320p? Etc. I am happy to wait and see what the announcement brings on Thursday. Confirmation of 35% tax with a drop in oil price would see this around 320-330p in my opinion, possibly less. I may well be totally wrong. However, I am out until after Thursday.i may try to make a quick book in tullow as they give their update on Wednesday but possibly not.
Obviously I would like to buy back in here. The question is all about timing as this company will make people big money in the long run.
Thoughts? And good luck all.
Have you ever thought that this is going down due to the state of the markets and the financial concerns.
The BOE are propping up the bonds at present in order to stabilise and make sure hedge funds don't have a mass selloff and destroy the market. Unfortunately, they are stopping this in a few days, and I expect carnage.
I've decided to sell this morning, 125,789 shares at a slight loss, however, I have been trading this since 10th August and made the difference so breaking even.
I would rather have the cash in the bank at present and decide what to do after everything has calmed down (Should have sold a few days ago). Even if Tullow goes up, I can join the ride. If it gets rinsed, then I can buy back in lower.
I'd rather make a slight loss and have the security than be tied in.
Sometimes you have to be brave and take a hit.
Does the dividend get paid in the morning? If so how?
I have 4232 shares, I have been to the following link on HBR webpage
https://www.harbourenergy.com/investors/shareholder-information/dividends/
I have clicked on the shareview weblink so I can put my bank details in, which leads me to this page
https://security-eu.mimecast.com/ttpwp/#/enrollment?key=b0408377-4e96-4488-953e-ec3091619718
When I type my email in and click for authentication code....all I get is an error has occurred try again to complete the process. Any ideas?
Am I doing this right? What happens if they do not have the bank details in time etc?
Thank you, I appreciate the response. I am led to believe I have to fill a form in is that correct, so that the dividend can be paid?
Sorry, I have never been in a share that pays a dividend before. I usually just buy and sell to make small profits on each trade as a bit of a hobby. It is turning a bit more serious now though, so I appreciate the advice.
Regards
So basically, I bought 4232 shares on 6th September (not much I know) so meet the ex-dividend date of 8th Sep and Record date of 9th Sep, therefore I qualify for the dividend. Am I right in thinking that if I sell them on the 8th of September I would still qualify for the dividend?
Any help would be appreciated.
Cheers Moresmash