Member Info for onedb

If you think that there is market manipulation then you should inform the FCA and London Stock Exchange about the SETS system .

Plenty of space to do so technically

Slowly but steady am enjoying these rises

Trend in the last 100 days or so has been very good and shows no signs of stopping in my view

Back to 2021 highs of circa 76p ? Slowly I hope so . with a longer view of 100p plus

It is but I may lower my average as frankly speaking the RNS today is about a third or so of the company not the whole thing. So in many ways its an opportunity ! I was so close to my average 330 yet will lower it even more for when we pass 500 and go way above I will be the one laughing . Plus I like the divi which I constantly re-invest . Let them sell I will pounce on these very soon day or max tomorrow

I hope people realise this is just the Harbour legacy update as its not the overall new acquisition picture which is detaching itself from UK tax grab .

Crazy as it was only yesterday that I posted the Bank of America note . Short memories by so many ..... Never changes

Was out yesterday mid morning source :

https://www.proactiveinvestors.co.uk/companies/news/1038432/ftse-100-live-stocks-slide-weighed-by-astrazeneca-downgrade-1038432.html

10:48am: Harbour Energy jumps as BofA hikes price target

One stock bucking the weaker market is Harbour Energy PLC (LSE:HBR), up 5.1%.

Bank of America has raised its price target to 500p from 460p, and reiterated its ‘buy’ rating, after taking a closer look at the proposed acquisition of Wintershall.

“We like what we see,” said analysts at BofA in a research note.

BofA estimates around 35% free cash-flow yields across 2024 and 2025 using $80/Brent and $10/mmbtu European gas prices.

It notes the “problematic” UK production mix (fiscal and regulatory unknowns) goes from around 90% to around 30%.

“The proposed transaction offers major geographic diversification and expands Harbours production base >2.5x towards ~500kboe/d,” the bank explained.

“Reserve life metrics are improved, opex and capex intensity reduced,” and it expects the Wintershall portfolio to generate the full $2.15 billion (and change) cash price tag with its own FCF if the deal closed at year-end 2024.

“We see a major re-rating opportunity,” BofA said.

The City seems to agree with shares marked up sharply today.

Of the acquisition is that our over barrel breakeven and gas equivalent have falling by quite a bit . Today's oil price may have had X margin on the old Harbour but the newly acquired reduce the X nicely . Not to forget

Jeffrey1979

If your view comes true I finally get rid of the red on this position , at long last too . The divi reinvestments will for once be above average for me if you are right lol

Was just looking at the 5 year gilts closing in on 3.6% ! Despite all the stress for those renewing at historically low and close to zero rates, one should admit that rates are still very low , I remember when they were high and this isn't the case . We are getting low again which in turn will be bullish economy and property

As long as its 120-150 plus I multi bag and can live with that lol

On a more short term view , my post on the retrace and reload to what think will be new highs ( recently hit) sticks . am comfortable that we'll pass the recent highs Lets see as I hold

I suspect momentum is about to re gather and re-test the recent highs a pullback was necessary as too stretched but now it isn't anymore and on a healthy uptrend could re-test the highs and go through them as it has space to do so . I prefer a slow up trend personally .

Of note the healthy gilt auction today was good . Wonder if it will put pressure on rates to decrease hence positive for real estate

All my divis I set to re-invest which has helped trim the overall averaged price and increase my stake here Am actually happy to continue to do that and compound as much as possible even more so now with the huge firm its turning into and great resource spread , lowered cost of capital and resources and credit rating leap forward. Above all most of the assets away from the UK tax grab which combined with the recent discoveries and Mexico and INdonesia becoming giants in our portfolio am more than ecstatic to hold and add . This is not a sell for me and will look to multiply my average share price as well as get a great value play with the divis

Very confused at today's price action . Should be up loads instead of down

Was going to write the same yesterday Dec 31st is the tax assessment date for barrels on hand, they try and dump and refine as much as possible to avoid having to pay tax on those barrels. Hence those silly builds on products yet big draw on crude . I really should trade this next year though sods law others will be doing the same and negate the easy day short . Bet oil rebounds now especially as we are heading for positive seasonality

that and an absurd over reaction to 1 analyst who had he written an Enquest buy note at 50p would not have been followed with a steep rise . Enquest hold somehow got all frightful despite the news most never would have guessed of Bressay valuation .

Got back to see us down 6% ! What the heck ? Bressay asset sale already forgotten as the implied value ? At first I thought Brent was down $5 but again that was not the case ! So retail believes Jeffries more than JP Morgan ! Poor forecasts are always believed yet better ones never are. That is the lesson here , Fear is stronger

Work being done by Foxtons is clearly recognised yet the share price is lagging , making this an opportunity as it seems that 2 share holders who total 10% of the firm are gunning for much higher returns or a sale process. Think I saw a 120p letter last year so this year with the additional value created I suspect 120 would be seen relatively unfavourably . 120 plus then for me please .

I hold and am in the money here thankfully

Start of the year looks very promising , am averaged at 330 so looking forward to seeing that smashed who knows maybe even this week . Brent has started in great form so far. Nat Gas in the US up lots this morning , will wait to see when it opens here in London .

Needless to say am super excited with the acquisition. Its immense news .

Fellow Enquest shareholders and traders wishing you all a profitable year , and it looks like Brent is on fire already so should be a great start . Still 19p to break even for me . Been hanging in there but that Bressay valuation really excited me . Hope the shares goes ballistic

Credit where credit is due .

I got that one wrong sadly .

Hi Stumpy , I agree in fact price of oil has been speculative in my view all year or most of it . Lets see . As there is always a game in the media to play things down then they'll come out with US having to replenish the SPR etc A crooked market this one

Fairplay Stumpy , would have felt happier if you had a similar view ;-))

I tend to trade the cfd too as well as hold a core . this latter holding though is now at 330ish average . post dividends and some recent buys . I will exit if I can double that price .