Member Info for NAV_Mike

On the assumption that 189 has held and is new support, 207 then 230 are new short term targets. Uptrend looks intact and providing the Orange One doesnt do anything stupid, we will hopefully get back to more sensible levels

The thing is, with BASF discussions ongoing, do Linda and Co actually want a strong recovery?

Its previous support from the beginning of March that is currently acting as resistance on the way back up

Its charting so you will either think it has value or does not. I look at the weekly chart and see 189 then 206 as levels to get through if the uptrend is goin to continue

LOL Ive just noticed it closed exactly at the 189p level Ive been wittering on about for a while now

C'mon HBR break upwards decisively so I can stfu :)

3.75m / 1.685m and 2.5m

Hard to say exactly, but I would certainly lean towards them buying buys, unless the MMs suddenly felt generous :)

Brent up to $66 yet we have to bust a gut just to finish level...frustrating but hopefully will give us a lift next week

189 proving difficult to crack (2nd week now)

Unfortunately Brent seems to find a reason to fall away from $65 every time it gets there

I hope Im 100% wrong Nitro, but do you honestly see this ideology driven government (and in particular the lunatic Milliband) changing course on NS fossil fuels? I honestly believe he would drive oil/gas into oblivion if it furthered his delusional Net Zero aims

Am I being obtuse here or just missing the point? :)

You know what your holding pre xd was, you know what the dividend rate was....so that tells you what the cash divi was. Divide that by the number of 'divi shares' you actuallt got and you have the share price they used?

I havent read your comments from start to finish, so apologies if im way off base

Brent now being taken lower because of sizeable build in gasoline and distillate stocks. This of course completely ignores the fact those stocks have been dropping continuously for weeks on end

HBR now back to my 189 level (sorry for droning on)....is this now a test of new support?

Looks like the normal kind of afternoon. UK markets and Brent perfectly steady, but HBR being taken down

Well someone must have bought a few this week as you can actually get an online sell quote for the first time in ages

Brent now above the price used in most recent FCF forecasts, even without the benefit of hedges. Hopefully this will hold/improve so that it feeds through to disposable cash

Break and hold above 189 and I will be happy. 207p target short term after that

(1 week candle charts)

Fair enough, I just hope that management appreciate that lack of news for weeks on end only results in one direction of travel.

I would much rather see a continual building of interest (and share price), than sit here hoping the price can increase by multiples on a single piece of news. As was said previously today, the funds we have wont last forever and if we do need to raise, please god let it be nowhere near these prices again

Aye well it reacted sharply away from the 189p level resistance I was watching, and this has coincided with another bout of (opec meeting?) related weakness

Theres still an uptrend there from 150, but its gradually petering out - next week could decide it

I think you are right about the BASf situation, but whether the price is being 'held' or its just circumstances conspiring against us, remains to be seen

HBD....firstly you can keep your sarcasm (rolls eyes)

Okay I shall wait for the Sareum news machine and PR team to kick into overdrive

Well lets hope this is just a retest of the 180 level as new support in an uptrend. Looking at Brent failing to hold $65 though, it might be a stretch.

It seems that no player actually wants to see higher oil prices, and GS arent helping with their ever dropping price forecasts. Why do I sense the influence of the orange-one in all of this?

Well judging by the trades since the RNS I think some people are concerned by where the share price might end up if we've just entered a 13+ week news vacuum

Surely management will be conscios of this?

Well Brent has lost all its over night bump from Trumps tariff problems, so thats as good as any reason for the pullback

Well its currently reacting back from the 189 level I mentioned yesterday (previous support early March)

Hopefully its only temporary as the chart is looking more promising and I was looking to the 205p region in the next couple of weeks