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Nice one mate. Not worth the risk. I should have sold yesterday really. Pure gamble. I think it may well go up but it’s just a complete gamble. Got in at 3 so made a decent amount but didn’t feel comfortable with it. I think this should do well mid-long term and not too worried about Brexit uncertainty here.
Picked some up. Sold a risky investment in HUR.
Plan to pick more up at 70 and in big at 65 if it gets there. I think it may drop further tomorrow.
Tempted to wait for 65 but probably won’t get there
Slift, all of those ‘forecasts’, with one exception, predate the vaccine news (which as you can see from today’s oil price is not insignificant) and OPEC’s agreement to limit increase in production.
The ‘Shell’ forecast is laughable as it is actually taken from a June 2020 statement in the midst of the pandemic:
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/063020-shell-to-write-off-up-to-22-billion-after-cutting-post-pandemic-oil-gas-price-outlook
The Oct ‘20 IEA forecast assumes ‘1.9 mb/d increase in the OPEC+ production’.
Tullow ‘forecast’ is actually a previous ‘assumption’.
World bank ‘forecast’ is based on OPEC easing production cuts and pre-dates the OPEC meeting.
IMF, Oct ‘20 forecast, have more recently stated $50.
Goldman and Barclays both have Brent much higher in 2021.
You are full of it.
Mmmmm. I’m not dismissing what you or Slift are saying. In fact, I think you have some reasonable points. What I’m saying is that it’s the same old information. It’s nothing new. You aren’t adding anything. I don’t think I add much either, but at least I’m invested here and have a reason to post.
I think you’re just trying to give yourself a pat on the back though Natey.
Nate: ‘I know I made the right decision and I stand by it. I’ve made money elsewhere. Who cares if I missed out on a 50% rise. I’ll tell you what, to make myself feel better I will post on the BB to emphasise exactly why I sold and exactly why I don’t think it was the wrong decision. Who knows, maybe it will have some sort of impact. I could even frame it in the guise of someone who actually gives a toss about other investors decisions, profits and losses. Either way, it will make me feel better.’
It’s psychology mate. You sell early... miss a big rise and then you hope that the share price falls. When it doesn’t you feel that the rise is unwarranted and you feel like telling people that they’ve made the wrong decision. I’ve felt like that many times. I know what you’re going through buddy. Difference is, I resist the urge to send ‘altruistic’ warnings to fellow investors on the BB’s.
Nate, are you trying to justify selling in the low 3’s? It doesn’t look like that was a good move for you at the moment does it?
Interesting post. Why would you have been holding 500k shares in the 3’s if you didn’t think there was upside beyond?
You sold too early and it strikes me that you have chosen today, when the price is almost back to recent highs, to post your pearls of wisdom. Glad you made money elsewhere. Not sure what your advice is? Sell up and invest elsewhere but ‘keep an eye on HUR’???
Everyone knows there’s a risk but that risk is far more tolerable at these levels. You aren’t providing us with any information that we aren’t already aware of. Which begs the question... why bother wasting your breath?
Bigbear... do you remember what happened last time you said that?
Can sell for 4.92
You have to say... it does look rather promising doesn’t it.
Well this is awkward now.
Goodbye John old boy, cheers for the advice pal.
All the best.
Same old waffle from a previous LTH who was holding at substantially higher levels prior to the fall in SP. The fact that you made a mistake at those levels is not in the slightest bit relevant to the position today.
‘There is little oil. very little compared to what was predicted‘
Yes, hence today’s share price. It is up to holders and prospective investors to assess the risks associated with any more bad news or alternatively, as many here expect, more optimistic news. You don’t have a crystal ball any more than anyone else does.
But was is relevant, is that oil stocks have all fallen dramatically since the pandemic started. That is not a situation which is unique to HUR. Yes, funds are probably more cautious investing in oil given long term political commitments to reduced carbon emissions. However, against a backdrop of a substantially rally in the POO and associated economic recovery to come, it is reasonable to hold a much more optimistic view now then when you presumably sold out at a substantial loss.
‘Old guard’... do us all a favour and keep your opinions to yourself if you aren’t invested.
Indeed. I think you are probably right. If it drops below 75 I will join you. I suppose it’s a bit bleak buying at double price, having been in so low previously. That’s probably one of the reasons I’m waiting for a pullback. Good luck anyway!
Hi Snakes,
I used to work for this company. I sold out as I was concerned about some of the staff having been furloughed. I should have stuck with it as was in big at 42 and was convinced this was heading to 80 back in June. Alas, that was not the case and the placing was probably one of the reasons for the pullback. Which is frustrating. Not sure what the need for a placing was other than to pay down debt. Seemed a bit unreasonable but to their credit they obviously realised that this was way oversold at that time. I have since spoke to former colleagues and they say business is good. Lots of tail winds, not least being the price of oil. As you say, a Brexit deal would significantly boost this further. I am looking for an entry and assume there must be some profit taking on any significant negative macro (but this share seems to just keep powering through). I am concerned that if I jump in here that there will be a pullback. Shares were diluted so, in theory this share is well above 80p now. I just feel like there will be a pullback. Also have to bear in mind the need for RPS to turn a decent profit to re-rate. In summary, loads of tailwinds, great company but due a small pullback here with profit taking surely.
I’ve got a good feeling about this P.M. Limited to no impact here from Brexit as well IMHO.
This thing just won’t drop so that I can buy in! Solid stock.
Sold out ages ago in 40’s. Still undervalued imho but surely has to drop soon.
Spread is outrageous
Nobody cares how many shares you have. Give it a rest.
Looking forward to the next rise, with a lot of the weak hands gone now.
Quin- Sorry to be the bearer of bad news but: nobody cares about your losses. Your choice to sit on this. Bore off if you can’t take the heat. Anyone who has entered in the last couple of months is sitting on healthy profits.