Member Info for NAV_Mike

The recent drop in price has seemingly spurred the buyback team into action. Yesterdays volume was over double that seen since the end of October and £ spent heading that way as well.

It seems this level is much more of a bargain :)

Yes there has to be a 'post-EPL fiscal regime' because there is a end date to the current legislation. Im sure everyone involved in NS operations is keen to get confirmation of new rules etc, but I doubt whether that is a matter for the chancellors budget on Wednesday.

But hey ho its all about opinions, so I would be very happy to be proved wrong. Im merely saying the world wont end if nothing is announced on Wednesday. Our beloved lady from accounts, probably has other things to sort first

Im very upbeat on the prospects for ORCA but Id be very wary of tying any expectations to the idea of this braindead government doing anything sensible with the EPL. Milliband is very ideaology driven and somewhat unbelievably, seems popular within the labour party

I dont think ORCAs plans rely on changes to the EPL, so dont go looking for any high roofs to jump from if the EPL stays as is. Obviously would be a bonus to all NS oilers if they saw sense

People keep referring to HBRs 'huge debt' as if its some kind of out of control RBL facility, like it was in the bad old days. Its debt maturities are taken care of until 2028 I believe (pre-funded?) and at a good credit-worthy rate. You dont get to buy billions worth of assets, and push your turnover past $10bn by looking down the back of the sofa for spare change

I do agree that the market has perhaps been made a nervous by rumours of deal-making so soon after Wintershall, but it will judge HBR on the terms of any deal, relative to extra debt, not just on the fact HBR might have increased debt relative to some years ago

HBR have been unfortunate with oil market moving into over-supply, but that would hopefully move the price of any deal in their favour

If they were to suspend buyback for Xmas break on 19.12.25 and recommence 05.01.26, we would be looking at the second week of February for the buyback to conclude. Any activity during the two week Christmas/New Year period would obviously bring this forward

Week 15 21.11.25

Total shares repurchased to date 21,411,278

Total vwap spend to date £46.69m

Average vwap price paid £2.18

Average daily vwap spend £622.5k

Most of the good work/progress of the last few weeks undone by one bad day in the markets. Average daily spend only just now in surplus by 1.5p although Friday saw the largest consideration since 22.10. Average spend reduced this week by £7.4k and thus buyback period is extended once more, very marginally

Based on $100m = £75.5m, buyback is projected to last 121 trading days / 46 days remaining

Sigh....there we have the reason for no recovery during the day 120k sell presumably being worked during the day

Edit....oh wow offer up to 13.5p

Typical Trump-involved peace plan where somewhere down the line US corporations or agencies will make a fortune.....

.....and all Ukraine has to do is cede vast chunks of its territory and cut its own military in half. Seems very fair

Trumpy and Putin sitting in a tree.....k i s (you know the rest)

As usual very keen to mark it lower, then seemingly oblivious to subsequent buying. MMs probably more interested in current market sentiment....which is awful

Dont know if the 2 x 90k trades are individual buys, or linked somehow. If they are buys its hard to see why we are down on the day, other than everyone being cheesed off lol

Well lets hope we get some positive titbits before the AGM as currently there seems to be just enough daily sells to allow the MMs to walk the price down gradually each day

Would they really be thick skinned enough to sit there and just rehash news thats already known?

Its risen by 80%+ in the last month or so. Naturally there will be some profit takers, particularly as tech stocks are making the market jittery at the mo

Also there is a clear previous chart high from late December 2024 (closing price basis) that the price has reacted away from. Some traders follows this stuff religously, so a small pull back is hardly surprising

Aye....guess so. When the price of Brent can be torpedoed so often by a news story, it makes investing in oil companies a bit of a lotter. Thankfully HBRs new found stabilty and financial strength help it ride out the storms

Would defo like to see it hold the 230 level though

Week 14 14.11.25

Total shares repurchased to date 20,282,670

Total vwap spend to date £44.097m

Average vwap price paid £2.174

Average daily vwap spend £629.9k

A consolidatory / mildly positive week after the recent upmove. Share price surplus over vwap paid increased again to 17.7p. However average daily spend continued to reduce, this week by £12.4k and thus buyback period is extended once more

Based on $100m = £75.5m, buyback is projected to last 120 trading days / 50 days remaining

It very much depends on your definition of an accounting period

If say a company was operating quarterly reporting they could report break even after say two quarters of the financial year. Obviously the longer the period, the more reliable the data. Less than scupulous directors might be keen to announce break even success very swiftly, but then its down to the NOMAD as to whether it could be deemed misleading to the market

Yes HBR is holding up very well in the face of market volatilty caused by this governments total inabliity to actually govern

Who knows, by the time of the budget they may be sufficiently desparate to do something sensible with the EPL

WTF are you talking about? No I dont...never have and never will

Lets not get ahead of ourselves.....

We may finally be on the verge of great things, but we currently have a mcap of £170m (ish) for a company that has yet to make a profit. Next year may be transformational, but our current price within a confirmed uptrend is probably about right

Pleasantly surprised at how well this has held up in the face of $62.xx Brent

What is it with these OPEC and EIA types? They seemingly fall over themselves to talk the oil market down at the moment

Well there seems to be some buying interest returning since yesterday, so maybe we are going to be rich next week after all lol...

Agree with your comment bailiff....sometimes the hardest thing to do is stfu, especially if you have an agenda

Either theyve issued a tiny amount of shares (6567) or someones calculator has gone rogue lol......shares in issue total doesnt carry over correctly from yesterday to today