Member Info for Persiantrader

Yes to upside + all the costs attached with the hedges are gone. and they cost $millions.

its now very good. 12 more months for the other large chunk to fall off.

They put hedges in place in order to secure borrowing when covid hit.

looking good.

End of March HBR jumped 50 points in 7 days following oil when opec cut production. it will happen again.

the sp will probably end the day at 244.50 again.

HBR is one of the best shares in the FTSE. chill life is good.

Oil rising, really good for Tullow. 24% of bad hedges have finally come off ! Profits will sky rocket now

AGM next week

Been following and investing in tullow since covid crash, after waiting for several months I made a big purchase today as a strong feeling the SP is way way way too low and knowing Tullow isn't going anywhere, financials are solid. Tullow has so much potential, they are ahead of plans and if oil goes back to $90++ then Tullow sp will move with the oil price unlike before. So if you think oil will rise then it's worth a punt.

Tullow had some low oil price hedges that finally dropped off, Profit jumps in June. Market knows this

"Tullow’s commodity hedge portfolio provides oil price downside protection at $55/bbl for c.64% of forecast sales volumes to May 2023 and c.40% of forecast sales volumes from June 2023 through to May 2024"

So that 24% @ $55 has ended and tullow will now be getting todays price $76. To be honest they should RNS on this. Its great news.

Just picked up a handful of shares.

India’s government this week slashed the windfall tax on domestically-produced crude oil to zero, effective May 16, according to a government notification cited by Reuters. In July last year, India slapped a windfall tax on the country’s oil producers and oil refiners who were exporting more due to the high international price of crude oil and refined products. The new taxes were aimed to serve as an incentive to keep more product at home and export less.

“As exports are becoming highly remunerative, it has been seen that certain refiners are drying out their pumps in the domestic market,” a government-issued statement said at the time.

India reviewed tax rates on crude oil and fuels every two weeks, based on the average oil prices in the past two weeks.

https://oilprice.com/Latest-Energy-News/World-News/India-Cuts-Crude-Oil-Windfall-Tax-To-Zero.html

"The decline in oil prices over the past few weeks contrasts with an expected tightening of the market later this year when demand exceeds supply by nearly 2 million barrels per day (bpd), the International Energy Agency (IEA) said on Tuesday"

https://oilprice.com/Energy/Energy-General/IEA-Oil-Bears-Are-Disregarding-An-Imminent-Supply-Shortage.html

Harbour is very very twitchy on the upside... when oil spikes... HBR spikes...

CFO needs to pay off the 2 billion debt and shout about it and stop talking about free cash flow. its as annoying as a daughter with a £200,000 credit card debt and saying oh its ok I have £200 left each month after being paid with the interest is taken out.

The Average share price based an 11 analysts is £4.28

Simply Wall street has it at £4.14 a share https://simplywall.st/stocks/gb/energy/lse-hbr/harbour-energy-shares

Trading at 42.1% below estimate of its fair value

Earnings are forecast to grow 20.97% per year

Here is the info that johnny posted

The projected fair value for Harbour Energy is UK£4.13 based on 2 Stage Free Cash Flow to Equity

Current share price of UK£2.43 suggests Harbour Energy is potentially 41% undervalued

The US$4.28 analyst price target for HBR is 3.5% more than our estimate of fair value

@GGPThruandtru GGP 439.45M not producing, Solg 563.88M not producing, HUM 119.13M and first gold pour end of Q2.

whats going on with HUM ? https://www.google.com/finance/quote/HUM:LON?hl=en&window=6M

these guys are producing gold q2 2023 sp is going nuts ?? https://www.google.com/finance/quote/HUM:LON?hl=en&window=6M

Tullow Sp should be going back up now, following oil.

Shorting tullow was a great idea for sure as Oil has bottomed out again. Sp will bounce back into the 30's as always when Oil rises. https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares <<-- analysts say tullow is now 56% undervalued. should be 61p a share. im expecting an SP bounce. great value now.

https://shorttracker.co.uk/company/GB0001500809/
https://www.lse.co.uk/ShareShortPositions.asp?shareprice=TLW&share=Tullow-Oil
Short position is now a tiny 1.28% If people buy shares then the Sp will go up very fast... shorters have mostly gone

anyone know if there is/isn't a massive risk on Mortgage defaults for Metro ? 1.4m in 2023 jump from 1% to 5% ++ this could be a problem right ?

https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/valuation
i'm not into ramping or deramping. Simply wall street is saying tullow is deeply undervalued. I also notice Tullow doesn't have many shorters see here -->> https://shorttracker.co.uk/company/GB0001500809/ the Stock is more fluid now and sp can rise fast unlike in 2020-2022. Recession fears and oil price uncertainty are pushing the whole oil sector lower not just tullow's sp although they should be talking more about hard debt reduction. The analysts are saying the upside potential for tullow is huge as its all about recovery and debt reduction. EPS and ROE are forecast to grow 38.3% and 94.3% each year respectively..... if you are annoyed at the trolls, they work for D. E. Shaw & Co. LP or Pictet Asset Management Ltd or Odey asset management.