Member Info for Nitro182

I am surprised with the government though , seems odd to see them go out their way to destroy an industry, the most profitable and tax generating industry of the lot. Its bonkers

Debt *

Also , watch the price of oil rally once the derby ceiling is agreed ;-)

Paying off debt ? There is virtually no debt to pay off ;)

Well what company is benefiting from the EPL ? As far as i know there are no new Wells being drilled. Cambo is in discussion as it isnt economically viable.

Couldn't resist. One day the tide will turn , even more so the fuel pumps are down significantly. Heating bills , and fuel prices down , harbour debt free thanks to inflated prices for over a year , now for the government to change their policy to protect jobs and energy security. We will see what happens but this is too good opportunity to miss

I'm with hl and divi was paid on 24th as per schedule

English please Smokey.....

Hummmm , the government are crooks end of. However they enabled the company to get out of debt when the price of oil and gas were sky high , and we are paying smaller tax now due to the price of oil is tanking. Edgy times ahead. As mentioned before the gas prices will reverse as preparation for the winter will begin. I suppose at these low sp levels all you can do is top up , just hoping the sp doesn't go into the 100's !

Imagine what the price of oil would be if the Saudis didn't make those cuts.

Yeah should be a good week !

Its quite funny watching everyone sweat again , iv found since not watching this share 24/7 its become a lot more comfortable to hold, and then flicking through some of the comments its actually quite comical and you realise what sort of nonsense is spouted. Theres the rampers and de rampers going on and on and on (bickering like old ladies) while the SP has just been stuck in the same range for the last 4 weeks (if not longer). So therefor everyone here has just been wasting their time and might as well of been getting on with a lot more productive things while just holding these shares like normal shareholders do earning money for free (dividends). Its quite a simple task really yet everyone here is making life really difficult for themselves.

I still cant believe i fell for the trap , the government banging the energy security drum and then killing the north sea in the meantime , what the actual cr*p ? , mental scenes

Equity in the FTSE sh*t show i mean ... :-/

I wouldnt sweat over the price of oil and gas dropping today , we have had a good week so far regarding commodity prices so one 4% tank today wont hurt too much , a 4% tank tomorrow too and then that will be a defining moment and the true test ....

Theres better money to be made parking your money in cash ISA's at 4% ? ;) , thats whats happening in the stock market right now , equity is a loser. Iv just parked some cash here for a gamble and hoping this company can expand just like it says it will on paper.

Sorry was meant to read "paid off 600million of debt in the last quarter"

When oil drops it doesnt matter by how much this sp always drops to around the 230p mark , perfectly normal. As for the company , they are now debt free and paid off 600million of their debt , with hardly any debt to pay from now on the excess cash will build up , and then we can expect special dividends while looking forward to m&a opportunites.

Well with 75% wft HBR are still making profits at $70brent , and without debt to pay that cash can go towards other stuff instead. HBR still have 3billion in liquidity too for m&a . The poo will rebound once the debt limit has been agreed.

Still trading well within range lads ! remember that ! dip below 230p and then there may be issues to worry about