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ZFG
Bearing in mind that a lot of shares are owned by our CEO too.

Hi NorthernMonkey

On my July post I felt it would take 3 months to hit 35p statistically , being optimistic I'd like 37 (resistance)

So to answer the question I'd say by mid October but could happen this month too

That was purely based on a statistical tool which gave me a 22p to 35p target . in 3 months as a percentage move that has happened several times already for Enquest . Obviously its a statistical observation and if we see the input elements destroyed by political or any other exogenous issue then its void, but so far so good . I would also need to run a test for random outcomes as I haven't checked p values for this test ( caveat)

On a side note when I bought at 22.3 in July ( sold those now) my plan was to hold to target or sell at 29.4 as i did and buy back at 26( which I missed as distracted ) so now long again at 29.5 . The prior trades was when I sold at 35 to rebuy at 22.3 . It doesn't always work as planned but feel the execution only let me down on this last one. Ove the last 8/9 trades on this one specifically I feel very happy though. Touch wood next weeks results and news are very positive .

all the best

I totally forgot Stockholm was open today ! Of course it was . Happy days . This will re-test 37 . Back in July I wrote that within 3 months we have 35 ( when I did the trade 22.3 to 27.25 closed Aug the 4th) I stayed out waiting for 26 and dithered when I had the opportunity so came in back last week as posted

On the website once you register

Kewjosh gutsy but I understand the view you have .

I won't attack Kewjosh ( i am long ) But I think that usually there is an opportunistic short but only good for risk takers , as the overall potential for a pullback comes with a weekly RSI of 65 and that is not overbought :-)

Headder you are correct. Overbought is often poorly interpreted , in fact its usually also a very good sign , Share should consolidate slowly and continue its trend now . So yes it won't be 10% a day but climb it will , forget the daily ups and downs , am more bullish than ever

How can you not be happy today Sekforde ! Hard to please mate ;-) The climb is starting and once we keep the 480ish level and probably consolidate this will march upwards all things being equal

Romaron,

If you want to see Linda's diplomacy at work , watch the video with the Greens loonie leader . Linda literally laughs at her lol !
I loved it to be honest .

I think the 29.25p resistance level has been broken . Shame on me as I could have had these at 26 as per plan when I sold at 27.2 my last trade. But I was too slow . If am right then the 26-29.25 distribution area should be finally breaking out , Lets see
No change on my spread holdings, always long and happy there.

Great charge on HBR today .

So Barclays 2 days ago went for 705 , I wonder what the review of this forecast will come to

Remember I was always targeting a technical 1200 and still do . 438/440 resistance smashed , 480 next , then its a climb with little overhead resistance . No straight lines .

Great podcast by the way I need to listen to it again

You don't understand Seklforde , if I may say this politely.

In order for Moody's or credit rating agencies to allow for a rating on the bonds I am pretty sure that they will have demanded a set revenue stream so hence the hedges were forced. As debt comes down hedging will become better.

Linda Cook am pretty sure knows what she is doing check her background.

as with a week closing above 393 we are bullish IMO on TA . price action is really what I look at

is good news from a technical stand point , the 385 supply zone I mentioned in earlier posts was my main concern , now till 438/440 its all clear (next supply / resistance area of old ) . Realistically there isn't a supply area above that at any level but the reason for that should be obvious

I say pause 440 is my short term view as oscillators will over heat once there, a pause to calm down then boom upwards all things being equal as main markets hit resistance on eg S&P etc so equities overall I'd be bearish but commodity equities and very undervalued ones like HBR I remain bullish i

Stay above 393 till Friday close am I am confident 438-440 will be coming in the next weeks.

ALL in my tea leaf opinion . DYOR

That was my stop indeed as posted a while back . Am watching though I still have long spreads it’s the physical shares I got stopped . So waiting for now . As I did mention 29ish was a resistance area and proved to be the case. 26 felt was support . Tight area but would like it resolved .

agree

Meantime API figures out
Crude: -0.448M
Cushing: +0.250M
Gasoline: -4.480M
Distillates: -0.759M

is divide by 1.25 ? Therm to gallon ? Using about 1.2 fx rate .

TA wise as I mentioned a while back 385 is the volume profile I believe needs to be absorbed before rise with the 200ma at 393 also an interesting milestone to surpass. But 385 clean and that is good news at least for tea leaf readers like me

This is a price we didn't need when 200 was more than too much already

With gas prices double what they were in May / June ,. HBRs reaction has been puzzling us all to say the least

But WT aside the target for debt free in 2023 is of no importance as it seems and even with WT we could be debt free at current prices at Christmas - Insane . If Liz gifts us with retracting the Snake's tax then I say GS target should be doubled

412 now ! Insane ! Like it means zip to HBR ! But resistance will fall here. Our day is coming

LuckyLuciano - Why the focus only on oil ? Its and O&G company but so often all I read is the focus on O ? may I politely ask why am I missing something ?
Plebeens I get why you say 365ish , but maybe if I may suggest also take a look at a weekly market profile tool , A congestion area I want HBR out of is above 385. The 395ish I agree as being the all important 200Ma but the real channel is at 438/440ish . anyway we mostly agree .

Overall its clear that many investors think HBR is an oil firm , and if Gas went to 500 and Brent to 80 they would mark HBR down , not realising gallon to therm equivalence , Am surprised as institutions instead know this very well and bigger investors should be looking into this, so maybe a mix of summer time quiet days and the shenanigans on the private equity side have slowed the rerate. Hopefully Liz T will also revert the damage of the WT but somehow I have my doubts , They promise all to get elected . ( all sides do )

One thing I am keen to see now is diversification from high tax North Sea assets, into more benign geographies. progress on those projects is important too now.