Member Info for Nacho99

We are very close to the two day moving average so I think we will hold here for a while. I would be worried if we get down to the binary resistance level of 256p but this could go all the way to 1024p if it breaks the 512p binary resistance. So it could go up or down from here.

HBR has a higher Divi. Special divi's are one off's and distorting the numbers.

HBR

JW61: There was a bump up in the share price after the Wintershall Dea announcement. But after all bumps up, share prices fall and this share price has followed the sector since then. The deal was effectively a merger of harbour and certain Wintershall Dea assets. The £3.60 number does not matter for an existing share holder related to the deal. What matters is what percentage of the new company the existing share holders control and how much cash was paid. If you hold 45% of a company that is producing 500k per day, it does not matter if the pricing of the shares you give the other party are 1p per share or £100. You are giving them 55% and cash. LetterOne are business people who are in it to make money. You don't have to worry about them selling cheap like private investors who watch the daily movements of a share price and panic because they are sitting on a paper loss.

ToeKnee53: BP up and Hourbour down so share price is being pinned down? Stop looking at the daily share price movement. On the last trading day Harbour was up more than BP. If you look at the last 6 months, both companies have followed the same pattern. Share prices bounce up and down all the time and often two companies in the same sector will not perform the same on the same day. Unless you are a very important person, no one is pinning down this share because you are a share holder. Not all stocks are equal and they all have different volatility so don't expect them to follow each other twins.

There are too many people on here who focus too much on the daily movement in oil/gas prices and the weekly share price.

It all depends on the market cap compared with other companies on the date the next reshuffle takes place. So no it's not guaranteed.

It might not be a reduction. Don't forget to factor in the newly issued shares.

Are you sure about that? Do you have a link? I did a quick search and found HarbourVest Global Private Equity (HVPE).

My understanding is that it's going to be 40/60. It kind of makes sense because Harbour had a production of 200k and the other company 300k.

Correct. The share prices does not have to move. Once the deal completes, the current shares will represent 40% of the company. New shares will increase the market cap by 150% so the share price can stay the same but the market cap will be big enough to get into the FTSE100.

That article is from 2021

It translates as:

"Is Brudermüller's last deal with BASF on the brink? BASF has wanted to get rid of its oil and gas subsidiary Wintershall Dea for years, but something always comes up. This time it could be the federal government that thwarts the plans."

So it would be interesting to see the rest of the article.

If they said the deal is likely to be finalised in the 4th quarter, it's likely to be finalised in the 4th quarter.

It's good to keep an eye on the share price of any investments you have, but it's not a good idea to follow every up and down and question every large by or sell. Institutions have many investments in many stocks and they have 101 reasons to by and sell. They are not you, so they don't think or act like you. Often they buy and sell for hedging, shorting, tax reduction, releasing cash and so many more reasons. As soon as it became evident that there may be a windfall tax, Harbour was hit hard and the momentum was down. This new deal fixes a lot of the issues Harbour had so the momentum is now up. But it won't go up in a straight line just as it did not go down in a straight line. So stop trying to analyse every up and down movement over analyzing everything.

There is an article on Bloomberg about this but it's behind a pay wall.

I did a search and found this link.

https://www.riotimesonline.com/slims-growing-influence-in-mexicos-oil-exploration/

Same story but not behind a paywall:

https://www.offshore-energy.biz/harbour-energy-gearing-up-to-kick-off-north-sea-ops-with-noble-rig/

Later?

I've never seen such a group of whinging Muppets as I have seen on this board (And I've been on a few boards).

Wood is not a very liquid stock. It's not currently paying a dividend, there are no many buyers and the market is heading down. It just takes a few sellers or shorts to push it down when there are no buyers around.
Although annoyed by the fall (as I picked up a load yesterday around 121p) I'm not worried with these movements which are to do with current buyer/seller ratios and shorts rather than anything to do with the company.

I would think any company wanting to takeover would wait until the court case is sorted out.

In the last update they did say they expect to return to dividends with year end results.