Member Info for onedb

Am not surprised in a way , am surprised that fundamental investors are not pointing out to EV/FCF ! As it makes Enquest look very cheap ( and not just Enquest) . Hence my re-entry the other day . TA wise I saw both oil and Enq at the very low end of this phase. But time will tell.

What I found interesting is that time spreads remained very bullish on Brent as the premium on Forties yesterday ( not filled I hear of 5% above cash price. ) tells me paper oil price action is what we saw not physical yesterday . But lets see. These prices are excellent at the moment .

" Your ego must be so large-posting buys/sells like anyone gives a monkeys"

You did as this is what you posted "Wow, no trades for that amount over one and a half grand,was yours the one for seventeen quid lol"

Yet he follows me making up stuff lol .

"guess what all those years training and studying and you end up with the same shares as me lol monkey remembers you from the old interactive investments site when you were telling everyone how good you were-not ..were you chased off the advin BB website again? Ps I never took any of your advice as I don't believe in the charts- there as useful as hhoroscopes,hope I haven't hurt your massive ego"

Never chased off from anywhere . Sorry but keep on trolling you may become better at it one day . FYI iii changed the voting system and boards became hard to filter through they asked me to help and not leave if you really want to know. The project was run badly and I believe still is. Given I own my own firm and built something you would never believe I have better things to do , my old advice was not to change everything as I felt the old system worked well.

On adfvn I still post so not sure what you are on about .

Funny as I never ever even recall a post of yours yet you of mine seem to know my life lol but do keep up with your beliefs and sure they will lead you into such a great investors / trader ! Keep it up

northernonkey I give no advice whatsoever .

I often put that disclaimer on my posts for a reason and often get types like you teasing that..

So let me get this right:
1) you have issues with my trade being posted as you can't find it, poor thing. You got schooled.

2) you now change topic as you have issues with a call you somehow refer too on PMo that did not go well , bless I forgot that I was hired by you to make perfect calls and have to post when I exit too . No I don't owe you anything , sorry you feel that way.

What else do you want tea and biscuits brought to you in bed ? Do I need to post my track record ? Do you pick selective posts to suit your agenda ? At least I have a track record whether you believe it or not. Why don't you look up the post that had me buy at 12p on Enquest ? mmmm or is yours all about selective memory ? What is the agenda here just posting to be obnoxious as you are bored ?

All this because I posted a buy level by the way. Says a lot on its own especially as from the response anyone with a little experience would see who is the novice and who isn't . Jim Simmons is barely above 50% of his calls right yet check the very end of Zuckermans book and you will see what that earns him over the years ...

bet you have no idea of anything in that last paragraph . Novice

See you are ignorant in trading matters... Do I need to send you my trade confirmations ? Do you understand that the blotter you see here on LSE is not the overall view right most likely on 1 order book only hence LSE ?
Lack of liquidity can move the trade to another order book . Probably not hence the silly comment . Bless .

Also fills of CFDs are not reported. matching probably isn't till UTs are reported as 1 but are the the sum of many . etc etc

Trade Price was filled £0.22335 about 5 mins from close. How that was reported you can't derive from the LSE Trades blotter, you are clearly a novice .

Order StatusExecuted
Order ReferenceQ**K2P
Date08/07/22
Time16:25
Stock NameENQUEST PLC ORD GBP0.05
ActionBuy
Order TypeMarket
SymbolENQ

Educate yourself on what order books you have , I use IB so have LSE / CHIXUK , TRQXUK etc in my book deep book buttons set up . In this case I used another broker and don't know what order book was used.

Yup you got a little lesson for free.

Just now 22.3 . Just an FYI for future reference

about how I felt the bottom had been reached and specific reasons for it, yet lets not get excited there is a long way to climb back , the share remains undervalued massively . I under estimated the shenanigans going on with EIG etc and my own technical views. Surprised some posters didn't ask why I was focused on fundamentals when am notoriously more about price action

I for one can't be too happy with my own trade as averaged 413ish . But happy to see a level I felt was important hold and bounce off so far. But not won yet. there is a long way to go . Its a start though

Unlike some bb gurus I did not buy at 300p as maxed my allocation on HBR so I won't be bragging till we get to at least 600 and I remain entrenched in a much higher target of around 1100p (in time it should come in my view )

Well Intervention ,

From my post of yesterday , I suspect 300p is around the bottom . Time till tell

Gas 320p but doesn't matter HBR sells water .... much cheaper lol

inFor you beat me to it lol ! I was going to put a header " Unrelated News Gas up 9% and 100% since June 6th a month ago !!
ONE HUNDRED PERCENT in 1 month and stock lost value ? June the 6th HBR was at 384 ! still silly low today around 300p
Its farcical the way there is no comment by the CEO as I would have said that other than market perceptions there is a strong cash flow as presented and nothing has changed in fact we are on track to deliver as promised in spite of hurdles and extra taxation which will impact for XYZ but still allow us to deliver thanks to ABC costs and high energy prices .

Not to difficult as the drop in share value is substantial.

Not sure about the many comments today but one note I read from GS shared my thoughts and HBR suffered at the same hand. Price is down for technical factors, not fundamentals. So in essence CTA flows trend following algos etc

So to show those who are interested what I mean look at WTI/Brent at the 100ma that level crossed would have triggered trend followers. 2 days ago
For HBR look at the candles size we had on the 20ma price cross o the 9th of May and then again 27th of May , crossing the 100ma and 200ma well WTI & Brent crossed the 100ma 2 days ago and we got a bad down day too .
Its trend following price action for HBR .
Now at some point other strategies will come into play , fundamentals for one as we are not seeing Brent's curve in a bad state, on the contrary , inventories are really low, demand destruction for oil is not happening and now with lower oil one has to doubt it. HBR also hedged at way higher than previous levels for 2024 .

So given all the above I am seeing this down move more of a technical play as described above with some precise points

All the other stuff I read here today is mostly bb noise . But in technical terms the loss of main MAs( moving averages) both in OIl and HBR cost us Nothing to do with fundamentals . Lets also not forget HBR is skewing more towards Gas production Not sure why this is not more discussed but please review latest HBR Presentations if haven't

My own view no advice given is that given we touched the same level as in end of March 2020 and RSI is still showing positive divergence that if tonight's inventories and tomorrow show bullish data then I suspect profit taking from the trend followers implying we are close to and nearing a bottom here. Again its just my view no advice and am transparently Long and didn't trade this great short and held on at 413 average

When Brent traded at around $60 ! Interesting as ENQ also carried significantly more debt.

Can't believe I could re-enter at such bargain levels . Thank you

in charge of this buy back was probably given an average price or some vwap target . His or her job is made so easy and will be a legend when comparing price targets !
Crazy am down a £1 on my average , never in a million years I would have thought this possible . But tells me TA is king not fundamentals. which in my view are pricing the firm far too low. ( a view I accept that for now the market has spanked big time )

Let it sink though Gas and Brent high not good as we get taxed more only oil down the day and gas up still not good , as we get taxed less ? Can't win no matter so this is just fear and the question is how many got hurt in the last 3 session as we lost a heck of a slice of market cap / For what ? Especially given the hedges

Look at Enquest Bonds haven't even moved a bit . Tells me all I need to know , Equity is acting silly here and bottom is pretty much in. Volume has been in steady decline too on this whacky slide .

Good luck

Call me nostalgic ... but I miss the old days of way more debt on the balance, sheet , much lower gas and oil prices, no dividends ... no share buy backs ! Those were the great days ! HBR 2021 ! The good olde days . where HBR was over 600p . Tolmount was not online ! Damn

To list all the bad stuff we have now !!
Divis = Bad
Share buy back = Bad
OIl up = Bad
Gas up = Bad
New gas project adding to production = bad
etc etc

Am even exhausting the will rant

How did i not think of it all that way is the big mystery . Sorry

Just to appease the few sane people left the debt free levels are :
$100/bbl, 200p/therm in 2022, $85/bbl, 150p/therm in 2023 and $70/bbl, 100p/therm in 2024

Debt free is only a formality and as close as 6 months away . I understand that negative psychology plays it’s game and is a more powerful force but this is basic maths not voodoo. We are ahead of those averages and the impact on profits from the new tax could well be painful but we are still creating huge value thanks to current energy prices and those won’t decrease especially gas . Wait for winter for insane prices .

Keep selling you know it makes sense … mmmm

A surreal price . But it doesn’t matter as we produce and sell popcorn . In fact gas at 400 or more will make no difference it seems . Am speechless . How on earth is 308 not massively amazing for the firm ? What Brent down 1% matters whilst gas at astonishing levels doesn’t ? Hurry up Hbr buy all the stock and more at these prices . Silly people don’t deserve these stocks

The reason I think this is all crazy and hope all the weak hands have gone is because we'd see some bearish price actions in bonds if there was a problem , we don't see that at all. I take Enquest as an example . Bond prices have remained at year highs or close, they should act as a proxy . So this divergence tells me that equity holders have gone nuts

https://www.hl.co.uk/shares/shares-search-results/e/enquest-plc-7-notes-2023-gbp100 Put the chart to say 3 years view and think carefully . If Enquest had issues or oillies in general wouldn't the more savvy bonds be tanking ? wake up

I took those bonds as proxy for real appetite vs the equity . Can't see how the stock is down from year highs so drastically even with a tax increase which won't be a spot on 25% after deductions anyway

Obsolete is correct am sure that its most likely that , than an ETF , or HF strategy she may have owned, as i initially wrote.

Obsolete

Posts: 160

Price: 331.70

No Opinion

RE: Fundamental Investment hereToday 15:46
This is Cook electing to receive less shares as part of a share award so that the difference is used to pay the tax bill. Net settlement or ‘settling’ is where a company decides to make an employee share award through a combination of issuing fewer shares and in part using cash. The cash element is equal to the PAYE and employee NIC due and is paid to HMRC. The value of the shares received by each employee is equal to the post-tax (net) value that the employee would have enjoyed had they received all the shares and sold some to cover the PAYE and NIC due.

https://www.bdo.co.uk/en-gb/insights/tax/global-employer-services/net-settled-options-unintended-consequences-on-uk-corporate-tax-relief

Infor it could well be that too, indirects are shares that are part of a basket/ETF etc .

LIke if I sold FTSE 100 and am the CEO of Barclays long FTSE100 ETF then my RNS would say minus XXXXX in shares in Indirects in Barclays , yet I sold zero Barclays but my long in FTSE100 ETF for whatever liability or reason which is completely unrelated to Barclays

Her directs are more important

Ok i re read it indirects could have easily been a long ETF or hedge fund strategy she holds and she is long and this strategy holds Harbour as well in the basket . Or some structure that holds them . Hence why price is at zero as probably not given individually, as she sold the basket .
This is not our CEO selling shares in Harbour but selling say a FTSE100 ETF or Long Short UK Equities or Long only strategy in her portfolio of funds which she has for pension reasons etc . Indirectly Harbour is in the basket of shares .

So say she sold a Blue Whale ETF or the many we see on Hargreaves platform am sure she holds a few and that had Harbour was in it then automatically her indirects fall.

I might even short here as I should have once I sold in the 29s ! Can't beat them join them

I agree almost 50% down on the year highs , this is not down to the new tax nor the underlying products. Here we have lemmings capitulating to price action . But this does correspond to reality . PE ratio will soon go negative lol at this stage and priced like when oil was at $40 ! What the heck is going on here ? Our dollars of revenues boosted too by strong dollar .