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To our current 3% shorter
"Shareholders of dividend-paying companies as of the record date are entitled to collect declared dividends.
If, however, you are short a dividend-paying stock, you are not entitled to receive the dividend and must pay it instead to the lender of the borrowed shares."
Thank you and looking forward to it :-))
That and a stab at breaking out of 270 resistance will cheer me up
I wrote this a while back see below post copied here : I can argue now that the bear case of lower lows has not materialised and in that thread I mention the bullish side and a volume spike down that looked like the sellers had exhausted their play . We shall if true .
What is true is that 270 breakout is going to be Bullish . As anyone can see that current side ways channel that has developed or use a LineraReg of 100days and you get 0.0278 ie in simple terms we are in a sideways channel but with picking up momentum which given we are only about 12p away from breakout could be good news , *COULD* ie not certain.
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RE: Today's candle25 Aug 2023 12:45
Hi Dark ,
Just a scenario for the Bulls that was
For the Bears instead ( winners this year for sure )
They need to keep getting the lower lows . From about the 11th of August the Bears have managed to reverse price action but not quite set a new low . On the way to the 200ma we ( bulls) lost steam . So really need that steam to come back . The more attempts to hit the 200ma the more likely that will eventually break us out , Likewise should we head south and re-test the 215 level that too risks being broken and breaking the BUlls hearts lol and wallet.
HBR tends to have periods where it follows Brent/GBPUSD and that is up today and maybe showing some positive momentum . We shall see .
What stands out is the big volume yesterday and I hope to see the opposite coming on a positive day as that will make me pile in as that would be the Big exhaustion volume needed. But if its not . mmmm then back to being miserable"
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As posted previously . I wasn't wrong
The bit that always surprises is how a negative spin instead always has the upper hand vs an oil market fundamental piece of information . Am not surprised price is suppressed as retail acts all doom and gloom but fcf here is key , its key to pay our divis just for one . Am technically bullish again . The distance between my average and price is reducing as are shares in circulation . Add the upcoming divi too and patience will have proven to be a virtue
All those bears and yet30 Aug 2023 15:35
Big inventory drop . over 10m in Crude barrels were drawn . Now I can't see how the spin will turn this into a negative too.
Let those with such skills loose:-)
Would be funny if Harbour and peers start to find better business environments out of the UK tax jurisdiction and production moves out leaving a minority of production over here. Then the UK has to import more and import from the same companies it over taxed in the first place. That would make me laugh and go insane at the same time as after all am a UK tax payer too. But the model isn't so funny if it had not already been applied to other parts of our industry . Sadly this has happened already so oil will just follow that self inflicted path of self harm by the politicians.
You can see why people trade cycles as they repeat themselves
I suspect a major spike will come too when governments realise that capital intensive projects cannot be switched on at any moment . Only Saudi can really do that. Western governments self harming will be the catalyst for civil disorder once again . Oil is only going up in price , because of excessive taxation not the other way round
Brent Rallying . No negative candle whatsover am afraid . With UK gas up 9% too.
Low volume kept this down after people got scared by the algo yesterday . Today should have been very up instead of just a little. Let Tuesday rally
Hi Dark ,
Just a scenario for the Bulls that was
For the Bears instead ( winners this year for sure )
They need to keep getting the lower lows . From about the 11th of August the Bears have managed to reverse price action but not quite set a new low . On the way to the 200ma we ( bulls) lost steam . So really need that steam to come back . The more attempts to hit the 200ma the more likely that will eventually break us out , Likewise should we head south and re-test the 215 level that too risks being broken and breaking the BUlls hearts lol and wallet.
HBR tends to have periods where it follows Brent/GBPUSD and that is up today and maybe showing some positive momentum . We shall see .
What stands out is the big volume yesterday and I hope to see the opposite coming on a positive day as that will make me pile in as that would be the Big exhaustion volume needed. But if its not . mmmm then back to being miserable
Should we get a strong reversal candle today that would really be a kick in the teeth for those going short or selling yesterday . They know that. Sellers volume yesterday was possibly the sign we needed to see that phase exhausted .
We shall see today if true or wrong . Am just pointing out the scenario that could see the Bulls come out winners .
Brent flying today too despite all the negativity it gets thrown at.
Remember yesterday's FCF ! That is key to me . Harbour is clearly moving investments out of the UK and that will slowly reduce the impact the nutters in government or opposition will have on HBR.
Am down about 100p so my views have been butchered so far . I take that on the chin and open about it ,
Stumpy,
You are right about inflation , as in look at US 10 y or 30y breakeven inflation rates there is no expectation for inflation to rise whatsoever , its a media thing, Inflation will drop . Slow growth though may become a problem
Rookie1
Sorry for the loss but happy for you that things are better As for those ramping trust me I believe most would know a post is a ramp vs something constructive. Just filter or let live . I got this wrong and am not a novice at trading . I make my living this way and have done so for a long time. We can't get it right the whole time nobody does.
Am still Long here but again its part of a bigger p/f and the drawdown I can manage yet don't like it at all.
Sold at and going short are 2 different things.
As for looking back at posts I do.
The bears are winning so far that I agree. I always post what I do not what anyone should do . My long bias has cost me and I have been transparent with it , am averaged just below 360 now as my last divis were re-invested at 238. The next will be re-invested too. 9% is juicy must say . That is quite something . In my view that can't be denied as being great. As long as FCF is strong I back the firm
Grey so far in London , no sun here lol . Yesterday was really good though , London at its best, bars full , happy people etc
These ATs today are on fire as they play what in my view is a good RNS . The tax charge impacting the profit was a one off. yet I read the headlines saying profits down / Nah . Good spin by these types.
Lots of spin and ATs .
Sure did a job of keeping the price down and scare a retail surge !!
Well done to that coder .
Loads of like 52 shares or similar small trades in quick fire succession this morning . Literally 100 quid's worth times 10 or 20 in quick succession . Took the bid down and stopped a rally . Someone will get this down to buy back ? just speculating or someone wanting to play clever mind games.
From negative 2.9bn to zero that is one big debt cancellation in the last few years. They finally achieved it and as a shareholder I could not be happier. NO DEBT . Saves money and allows to build a super strong balance sheet saving money wasted on interest ready to pounce on a good project when it comes .
They used a political play to make a mess of an industry . They know that value is destroyed, they don't care .
Its about the optics of the population at large.
They don't have the detail nor realise the truth. They are sold the narrative of large profits from BP and Shell in every BBC visual and headline. The readers don't understand that those firms have little to do with the UK .
A low paid person earns not much by definition and is just resenting those who do so who better to exploit that anger and not provide a real solution, as that is too hard ,but a false solution ie to tax the made to be bad guys is easy so they do that.
The reason we have debt all over the world should tell you all you need to know about the skill or competence of politicians and the short sighted nature of voters all over the world > Cutting costs. balancing budgets , living within the means does not get votes to any party Largesse does as the sales pitch is "the rich get richer so we should tax them more " Yet they have taxed them more and more and more , whilst ALL or almost all these taxes have done nothing but to add to the debt pile as they are squandered.
Its the way many people are naturally programmed. " my failure is not my fault but the fault of the cheating successful ,smarter , harder working person . "They probably inherited it all" . "they are privileged", etc etc etc Appease the crowd is what a politician wants to be seen as doing never mind the consequences .
With that powerful victim feeding mentality' politicians take your votes your tax and keep you poor and victims . And take Enquest down too as they don't care .
A funny story of when I was back in school , we had to elect the student representative and my friend wanted to win just for a laugh and asked me how. So I told him to make really stupid promises. One was to put a open pool on top of the school building . to build a videogames arcade room where money earnt would go towards the school gym and other stuff like installing a sound system, and more school parties , sweets vendor machine etc he won ! Nothing that was promised was ever delivered of course , it was all fantasy . The more sensible kid had proper ideas and good deliverables but lost badly. Am mates with the sensible kid today as we discussed these dynamics very often.
It states the obvious we all know yet ...
'European energy stocks look attractive when measured against their US counterparts, with a discount approaching 50% in terms of EV relative to forward EBITDA'
Am feeling the boredom and pain