Member Info for Nitro182

Dbno , how do.you know that 5million was a sell? It comes up with an unknown on here.

Good post Londoner .

Dbno , your fighting a losing game. Seems to be posters on here right now with obvious agenda's. Yesterday we had a 14million trade followed but 6 2million trades , and since then the SP has remained firm. To me that is a signal that the selling has stopped !

Even trading economics have just mentioned the strength" of the "physical market". Oil is looking seriously strong right now and with troubles in the Middle East , and the USA already producing record amounts theres ultimately going to be a break out with the oil price !

50k sold at 252.8p so hopefully that's the resistance gone now DBNO ;-)

Slim has got his shares so ...... https://youtu.be/XiMYqDD9kXw?feature=shared

And again at 10.40am . 2x 2million at 252.50p

Weird price action at 10.37am. 2x 2million trades at 252.50p and then 2x -2million trades at 252.50p .

Stevo , I thought it was 2027 ?

There's supposedly $20billion CCS investment to come...... don't know how that will work ..

Maybe next weeks trading update will give us some ideas ?

The reason why you would invest here is because of the growth potential , it just takes the poxy namby pamby UK government to support its very own industry ! Which you would expect to be commonsense ......

I wonder if that 16million trade is significant regarding the SP ?

16million trade at 09.51 ! At 248p .

It certainly is that Rookie ! It's always been high risk and that looked to of paid off on the 21st December ! That effort and risk had paid off massively , to then be traded off yet again back to these levels and uncertainty.

However that uncertainty is mostly emotion more than anything , because we have time and time again read it from the horses mouth ! Inc what I posted last night ! The deal is pretty much certain !!

Comments made from the basf man himself during the basf conference call

Now I would like to provide our view on the transaction between Harbour Energy (LON:HBR) plc and Wintershall Dea. As you know, on December 21, 2023, BASF, LetterOne and Harbour signed a business combination agreement to transfer most of Wintershall Dea’s E&P business to Harbour, namely the entire non-Russia-related E&P business. In exchange, at closing, BASF will receive a cash consideration of $1.56 billion and the share in the enlarged Harbour of 39.6% of the entire shares. Following the completion of the transaction and the 6-month lockout period, BASF will have the opportunity to gradually monetize its stake in Harbour as the company is listed on the London Stock Exchange. The agreed enterprise value for the Wintershall Dea assets amounts to $11.2 billion. This amount includes the outstanding bonds of Wintershall Dea with a nominal value of around $4.9 billion that will be transferred to Harbour at closing. There is an upside potential through a higher market valuation of the enlarged Harbour after closing. The transaction provides an attractive stepwise exit from the oil and gas business in-line with BASF’s financial and strategic requirements. However, we are not setting ourselves a specific deadline or selling all of our shares in Harbour.

Dirk Elvermann: And to me again on the Federal investment guarantees, so Wintershall Dea is pursuing these claims diligently. This is ongoing. I have to ask for understanding that we can’t come up with details here, disclose any details, but this is positively going on, I would say. And what is always worth mentioning is that these claims are not accounted for. So, whatever is gotten back from the Federal investment guarantees is a clear value upside compared to what you see in the financial statements of Wintershall Dea and also BASF.

Sam Perry: Hi, there. Thanks for taking my question. A technical question on Winstershall Dea. Do you expect to receive the full cash proceeds at closing, so the $1.6 billion? Or is there a delay to the receipt of any of this cash based on the business performance? And related to this, do you expect to receive a dividend from Wintershall this year while the process is ongoing? And then secondly, previously, Chinese imports into Europe have been cited as a big disruptive issue for demand. Have you seen any signs that that’s coming off at all given demand picking up domestically and also shorter-term, the issues in the Red Sea? Thank you.

Dirk Elvermann: Hi, Sam. This is Dirk speaking. I’ll take the first question. So we are currently expecting the full cash proceeds of $1.56 billion to be received upon closing. In closing, we expect as said in the fourth quarter. Wintershall Dea will not pay to the shareholders a common dividend this year. So last year, we received the dividend, our share €290 million. This will not be the case this year. So full cash proceeds, yes. Dividend, no.

Are confident that we will receive clearances in all cases. Completion of the transaction is targeted for the fourth quarter of 2024. Second, Germany’s energy supply security. Wintershall Dea’s oil and gas production in Germany accounts for roughly 1% of German oil and gas consumption. In terms of securing Germany’s energy supply, it is not decisive whether the E&P activities currently managed by Wintershall Dea are operated by a German or British company in the future. Third, CCS technology. The focus of Wintershall Dea is limited to the development of reservoirs for the permanent storage of CO2. The activity is operated by a quite small international team currently out of Norway, the Netherlands and Germany. The acquired licenses are all outside of Germany, namely in Denmark, Norway and the UK. Wintershall Dea is not involved in CO2 capture and does not consider CO2 transportation as a core business. BASF, on the other hand, is a leader in the technology for capturing CO2 emissions as part of its global gas treatment business, which we are continuously developing. Our OAC technologies are available globally, also in Germany. You might, however, be surprised to learn that geological CO2 storage in Germany, whether onshore or offshore, is still not allowed under the existing German legal framework. And fourth, the closure of the German headquarters of Wintershall Dea. The timing of the announcement was unfortunate, but unavoidable for the legal reasons resulting from the fact that BASF and Habour are both publicly listed companies. Wintershall Dea has state-of-the-art expertise in the oil and gas business. Therefore, all employees of the operating companies included in the transaction, around 1,200 employees will be taken on by Harbour. Harbour also intends to provide offers to some employees from the current headquarters to join the combined company. The details will be agreed in the currently ongoing review prior to completion of the transaction. I hope this helps to put things into perspective. Until closing, Wintershall Dea and Harbour will continue to operate as independent companies and are preparing closing and the integration to the extent possible under the applicable legal framework conditions. And with that, back to you, Martin

It's funny that last time the downside was mainly due to Merill Lynches selling , and this is the same. Pure manipulation.