Member Info for Plebleens

As per Linda At the March meeting, none of the Tolmount gas had been hedged.

Use barchart.com for uk gas prices NBP and Europe Dutch TTF. Asian gas has a large element of Sing fuel oil 380or 180, which is big number at the moment as refiners try and move the cut higher up the barrel to make more distillate and gasoline. Plus the lack of Russian straight run.

Phased EU oil ban and lack of OPEC spare capacity , plus refiners and China about to move into the higher seasonal demand and Middle East burn crude for air con, will all drive this higher. Thinking the 120-125 crude area is the next natural resting place with that 147ish high from 2008 a distinct possibility..

Possibly a chunk being offloaded, but a few of the few naysayers are a back on here, poss trying to knock sentiment before the trading update to get a lower buy in. You know it will be over, when Pearls starts ramping again ;).

Good Luck all. 668 first major target before closing that gap above 1200 if the Great Depression hasn’t got to us first….

BP results off the charts….Should bode well for HBR .next weeks numbers should be just as juicy.

CVX not cfd…Freudian

Yeah but no but yeah but, cfd and xom blue. Rotation…if you wanted to try and pull this down you should have talked about the 6 tugs over Tolmount over the weekend including to fire and safety vessels….but then they sailed off with the Valaris Norway to pastures new and HBR pumped out another 220kbd of oil and gas equiv and the debt dropped another few percent and the spectacles were solid green rather than rose tinted…. Sell some Dow as a hedge by all means but be careful of the fed and watch oil as it should eventually break that consolidation triangle and leg up parabolic styleee…good luck all

May have been misinformed as With a bit more internet searching, seems The Valaris Norway accommodation block moving to a BP drill post completion at Tolmount, and judging by the number of tugs and safety vessels there today, assume it’s started it’s journey …

With the Valaris Norway accommodation rig on site, looks like Tolmount East well on track. Imagine HBR kern to get this completed as quick as possible with current prices and UKs need to get more self sufficient in gas. Possibility that Putin turns off all the taps to Europe as he gets more frustrated with the Western interference. Trading update should be very encouraging.

https://www.barchart.com/futures/quotes/NF*0/futures-prices

Bit of a dent today with all the chat of round the back door ‘roubles but not roubles’ payments…buts time before mid-May ultimatum to keep filling up storage….
And ttf for European gas prices

Nice to see the AIS turned back on at Tolmount.. hopefully means all fully operational and flow rate normalised…time to get a chunk of that hedged.

Strange sell off in the last 20 mins of the day…looked like poor execution offload into the close on thin volume .

UK gas up another 10% this am and above 200p down the curve from Jun22 to Apr 23 now, with winter above 250p. European gas up over 12%. Can’t disagree with your view bays

RNS or no RNS, the Russians have cut the gas off to Poland for not paying in Roubles and the Germans will ban Russian oil within days and Trafi will stop trading Russian barrels by May 15th. Tolmount on in the Nick of time….winter gas back above 250p and above 200 from Jul 22 to Apr 23. The new hedges will look pretty special …good luck all

Gas curve still over 200p from Aug 22 - Apr 23. Plenty of unhedged juice to lock in and some of the prompt weakness coming from the field coming on line, . 6.8% of UK demand covered by this field alone. Shame it happened on a bad day for oil stocks but need to look at monthly numbers. Crude up 3 bucks from ftse close - well for this 5 minutes…

Uk winter gas curve back in the 250s…bring on the unhedged…like finding a copy of razzle in a hedge

And I’ve used the dip to buy Dec contracts to roll the June for free..

Airlines got the cream today …beats me but the flip flop will be back tomorrow . USSR production will drop like a dbno trouser scare as the storage is getting full…nobody wants those tenders for Russian physical oil…India under pressure

Almost beautiful hammer candlestick and the dip has allowed some of the indicators to drop from over bought conditions.…and to repeat… charts back those levels up with the March 2021 high at 668 and the gap to fill at 1216 from March 2020, both viable targets…just hope the recession doesn’t kick in before the latter numbers…
Keep a watch on that Tolmount AIS..failing that give Ms Brookes a ring…good luck all

Maybe that ‘backgassing’ started on 8th April, when the AIS went down on the platform. If I remember right didn’t they say it was a 2 week process so hopefully this Friday….surely a 10%er on the RNS as with all the delays and uncertainty can’t be fully written into the current price? Meanwhile debt coming down at a quicker rate than q1, with current average oil and gas prices…could be debt free by end of 2022? …or is that an over ramp? Good Luck all

In simple terms it’s exactly what they said at the trading update. Allows them to add extra value by legalising/initialising share buy backs. Cannot see it being rejected and another major support to underpin the share price as well as the continued bull run in commodities.

Next annual FTSE review Wed, 1 June 2022

Changes take effect from Mon, 20 June

Will likely have a 6 handle by then….,?

…and the charts back those levels up with the March 2021 high at 668 and the gap to fill at 1216 from March 2020, both viable targets…just hope the recession doesn’t kick in before the latter number…

IG also dropped the Harbour margin rates by apx 25% although still too high for a nearly ftse 100 stock that has stabilised well over the last 3-4 months. May encourage a few to increase their positions though

Unsure on AIS , just an observation, but if there was a problem, the company would have to have flagged it up.

RNS or no RNS…majors rarely release on first oil/gas but the unprecedented delays and value of unhedged commodity the project brings, you’d hope they would be shouting it from the roof tops…,UK energy independence