Member Info for NewKOTB

Masterstroke by Linda once more .... just before budget, two fingers to HMG and EPL.

aimo & dyor

Been oversold for past 5 sessions ( 21.3 RSI), normally you would expect this to turn esp with void of negative news. I can only assume we are being targeted by shorting pack attack, certainly feels that way atm.

Close once again, same as previous days pushed down into the bell, currently down ~20% over 11 sessions.

aimo & dyor

This certainly doesn't help ....

Hedge Funds Bet Against Green Transition ....

https://www.bloomberg.com/news/videos/2024-10-21/hedge-funds-bet-against-green-transition

Any idea if the budget next week will hold anything positive for ITM ?

So we have a country that the sun shines 24/7/365 who are cutting back their renewable target, yet we have the UK still steaming ahead into no-mans land on energy security to become a 'superpower' in renewables, seriously !

https://www.arabnews.com/node/2576015/business-economy

As for next weeks budget, I believe it will be as most fear, we have a short-sighted government who's only interest is taxing anything they can, to the max !

The 'green pass' is nothing more than a bribe in an attempt to appease O&G CEO's.

aimo & dyor

"Harbour energy has nearly ALL of its production in the North Sea.."

LOL,LOL,LOL,LOL....... Think you need to do a tiny bit of research !!!

Little more than 3 weeks ago ... Aug 27, 2023.

Appear to be the weak point, does it not and an obvious target, above or below the waterline !

Basically, the shifting of the UK manufacturing, goods and services overseas.

Net Zero excludes emissions from:

International air travel

International shipping

The burning of biomass such as wood, straw, biogases and poultry litter for energy production

The production of goods and services that the UK imports from other countries.

Putting aside the fact that 1990 is used as the baseline for Little Britain !

So shutting down UK O&G importing from Qatar / US and importing renewable infrastructure and services from China / US etc will in itself probably makes sure UK reaches the net zero target, but at what real cost to the country ! The National Wealth Fund launched today is yet another example of smoke and mirrors too.

aimo & dyor

Shrimpinator changes from "This is clearly a P&D" to "Looks like this is no P&D" in 4 hours, LOL

KFP2,

Hope you are keeping well. If a t/o was on the card then an RNS would need to be issued, probably tomorrow ( as a leak has clearly occurred imo) given the strong increases in SP over the past several session, something along the line that the BoD acknowledge the rise in SP and can confirm CHAR are in preliminary discussion and may or may not lead to a formal offer, unless of course the 'interested' party in the T/O is our BoD themselves !!

A leak however of ongoing 'works' is a different matter and as such we could see us continue to recover easily back to pre drill disappointment SP.

aimo & dyor

SP was always going to top out this morning once the WMA(50) & VWMA(100) got hit so allowing SP to take a well earned breather.

Nav_Mike,

Fully agree, adds no value to discussions about HBR whatsoever.

aimo & dyor

Why pay port fees on top of warm stacking costs whilst discussions are underway or waiting for equipment. One thing is for sure, the next contract is local otherwise she would have made her way there or to another port to re-stock and warm stack there.

aimo & dyor

Blair didn't sell per se, the transaction was via EIG who is led by Blair as CEO. Don't forget that Linda is also a Senior Advisor for EIG so I doubt if it was 'insider trading' as that would look rather suspicious given their connection. I would have thought EIG's decision to sell was based on strategic requirements, I would be more concerned about BoA's shenanigans myself.

aimo & dyor

There is a high probability that SF is going back for another drill imo.

Yet the short-sighted RR thinks it's OK to tax O&G to death without any negative economic consequences.

https://www.pressreader.com/uk/the-press-and-journal-inverness-highlands-and-islands/20241007/282780656937060

With the re-calibration of seismic's from latest drill data, as operator, I'm sure ENOG will not miss this time around. Too much hanging on this for ENOG for them not to be successful, CHAR will just hang onto their coattails. Unless we've sold off our last remaining interest for a substantial amount. The latter will show instantly (my preferred option tbh) in our SP whilst the former we will need to go through the anguish of a drill all over again but potential greater rewards too.

aimo & dyor

"Whats with the huge number of trades.."

I would guess, being low value and totally out of the norm for CHAR with this number of early trades, they are controlling trades, to either supress the SP or stop it from falling, whilst order is filled, take your pick.

aimo & dyor

Wait for the speeding ticked after hours / 7am, if not then game on !

aimo & dyor

Hence the 10% drop yesterday on little volume, setting her up !