The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Thing is I guess now would be the best time to be bullish for oil. The uncertainties are now over regarding the global economy and inflation is pretty much in control. The turmoil in the middle east is unfolding and the US have come out and said they can't continue to drill at peak rates like last year. I recon we will see $100 oil as spring hits !
There is massive scope for this share for sure ! Depends what the market manipulation wants to do though doesnt it ! :-/ thankfully oil is flying now so that gives me some hope !!
Labour are also promising to lower energy bills for households , that won't ever happen , the increases we are seeing in our bills are inflationary to support pension funds and wages ! They really are thick....... by that time also oil and gas production in the UK will be minimal and we will be forced to import even more at a great cost!! With little going back into the treasury.
Now I know the importance of investing in large cap companies like RR rather than small cap like HBR. The manipulation absolutely well and truly stinks ! This time next year we will be large cap hopefully ;-) and the dream will come true !!
No Jefferey , basically with low volumes it's easy to manipulate the price in steps , one buys as the other sells lower , rinse and repeat. Seller sells at 260p , next bid, seller sells at 259p to next buyer in que , next bid seller sells at 258p to buyer. Carry on all day like that until the big institution gets the desired price and buys 5million worth at 254p like today !
I would like to think there will be many more massive UT's to come ! And regarding the wintershall bond holders , the bonds are ported over with the deal ! The 7 billion write off has been lost already and will be lost forever ! There's no other "western" company with the liquidity other than Harbour that can get Wintershall out of its mess !
Reading between the lines regarding the Wintershall Deal , there is no chance of this falling through. The business agreement has been signed regarding all parties , and BASF have longed for being out of the oil and gas industry. Wintershall suffered a 7billion write-off due to the loss of Russian assets , and this deal with HBR is the only sustainable way for BASF and LetterOne to regain some sort of value for Wintershall. They did look at an IPO but I'm pretty sure they would struggle to gain a true valuation for the company without putting more investment in. Now BASF can piggyback Harbour and sell accordingly , most likely making a profit !
I'm just bitter right now as I should of sold at 320p after being in great profit . Instead I gave myself a buffer down to 270p where I added at 268p ! And then it continued to fall ! Unreal. Ah well I'm here for the long term so the future is all that matters.
I personally think the markets worry has been the reserve life here rather than the EPL. EPL has obviously affected the SP but the reserve life has enhanced the downfall. While diversification doesn't stop the taxes it does add less risk regarding reserves and future growth.