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Should be pushing to 300p -320 at these levels ! The area that is the obvious battlefield , when that is broken we will have the real rise at long last , damn that WFT ! we'd be so much higher

Maybe finally moving up after I posted the below lol . Wish I had such powers lol

If Brent was up 20% today be wanting HBR at 350p minimum if not 400 . Natgas is up 20% yet all very slow price wise for HBR . Why when we have a mix of approx 50-50 ?

European natural gas jumped the most in almost two months as risks to LNG supplies mounted amid the possibility of worker strikes at some facilities in Australia. Benchmark futures soared as much as 21% after increasing in the previous two sessions: BBG

A while back I was of the belief that this would happen , as always with Enq it takes a little longer but does look like the path of least resistance to that 200ma 19.5ish level is on track .Few gaps above that too in the 20s .

Momentum looking good so lets smash through 18p please ( time of writing 18.04p touched )

Is fuelling a sell off this morning and yesterday . Must be a summer sale .

End of June tilltoday Brent moved up $10 , HBR 30p in percentage terms 225 to 255 and 75 to 85 may be the same but HBR is a leverage play and shares have been bought back . It doesn't quite make sense .

This ratio has been a one way track for far too long , OIl out performing Enquest's share price for years.

How can this ratio continue to rise so much ? it doesn't really make much sense with prices over $70 . This was happening prior to the EPL too. Thought our Balance sheet was in the best shape in years .

When you translate this to old Premier old its not even 13p in old buy and possibly worse given the buybacks

The share price is way below rock bottom and has multiples to go up from here to make any sense and Sunak and co stop being so blind to basic economic theory . Shareholders want returns they are not cows to be milked for free.

Tarmak,

I hope you are right mate.

Point taken Flash

Gusher

great Iron Maiden track that was . I might play it now lol thank you

1p on 20p is a great 5% . 2 to 5 is not going to happen as much as I would like it. 2 being 10% divi and 5 being 25% that is totally ridiculous lol.

I could be wrong of course. My response is not a personal attack on the contrary its just to show that as a shareholder I don't expect the figures you point. Probably not many do as they are unrealistic.

Any divi will make the market happy as long as the dividend cover ratio is good and the debt levels below the threshold last discussed ie below 0.5 . A divi has to be manageable and grow in line with profits Now this would make me happy .

All sorts of crazy things happen though but I'd be blown away and will buy ( happily ) a good bottle of champagne if they come out with 5p . Possibly even 2p as that would be quite a surprise to me .

all the best

Oh and gas is up over 5% and Brent flat but higher since last UK equity market close yet am looking at -1.8% here

There is no point in looking at gas or brent prices . Price goes where it wants

I agree with the Buffett quote but today I expected a good rebound , How does Brent at 82.6 (cash) translate to today's price going down ? Its just pointless to see a correlation here as at 16.30 price shoots up to say 83.5 falls by 0.1 during UK trading time tomorrow and HBR will fall again ! Completing non caring of the overall rise . Any type of analysis here seems to go out of the window, price here is random or down

I agree Truss was right , the Bank of England unprepared and found offside , just about anyone in the City knows that but it served the media to trash talk her policies down. She was right in concept but should have seen the trap coming a mile away . At least in my view and had a better grasp of the Bank Of England issues and lack of readiness to enact her policy .

We need a more experienced politician to pass the policies she wanted to correctly implement . Politics is a horrible came of patience and the art of compromising strategically

Lol ! Far to easy here to tease this proposed policy . Will be even funnier if the ban is enacted .

Shame that as the UK market shut Brent surged quite bit . Could have been testing if not passing that 100 day moving average I have been mentioning lately . I see that Habour broke it yesterday and managed to close the week above .

With Brent in good form my mentioned recent short term target should come true, and similarly there is a nice up lift for HBR too

Long way to go for most long term shareholders though . My last buy was at 19 but that was only good to give me a mid 20s average . At least am honest . This period pained me and pains me at least for this side of the portfolio

Typical summer's day yet Brent and oil in general is doing very well . Big jump in gas prices today too

Was hoping to see this comfortably reach 300p soon

Hi Raging Bull,

Could you please point me to the Goldman £6 rating link . I seem to have missed that one . Great to see nevertheless

I have a long way to catch up at av 360s . So long before I get excited

Hi Kraken,

I think its looking good to me (chart wise at long last we may soon see if we get our very first higher high in ages )

From my post of the 13th ( its starting to come true in my view )

"Brent over $81 now13 Jul 2023 20:38

Enquest to rise tomorrow ? . Pretty obvious to me that this current level has been a very traded level , should it break up it should move a few pennies up quite fast 16,8 is the 100ma there after its blue sky to 20

Today we kept above the 50ma something that has not happened in ages . Are things about to change ?

So whilst trend is down and has been for ages ( and the I mean 200ma 100ma and possibly include 50ma ) Momentum has picked up from end of June ( stochastic , RSI, MACD , ROC whatever you use as short term MAs ) and we either find resistance tomorrow (look at volume profile) and stay stuck or we finally breakout . First target that 100ma so about 16.88p then 20p . To me that is where it will head with these Brent prices . Caveat is the seasonality for stocks that in summer its usually low volume and 'stay away till September' . Especially UK stocks . If my stats are correct since 2013 July has seen Enquest up 60% of the times."

Lets see , next price action could be bullish at long last . We suffered a lot so about time we see some good price action for the Bulls