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Bays, looks like the people on the ground have given us our answer and hopefully the company expedites those predictions..big thanks ….Kirk was obviously a bit premature. FCF is off the scale currently….,and that’s even before Tolmount finally turns on the taps. The puts are still regular as clockwork and still on social pints and smoking tabs patiently. Oil (and gas ) price parabolic…Putin’s cancer drives him on to extremes…at these levels M&A become tricky unless already agreed but no chance EIG drops its commodity portfolio hedge. 104 on the hit parade….more to come …oil 150 by Friday likely ?

Massive hike in the Saudi OSPs earlier today and Russians trying to stall the US JCPOA negotiations with the Iranians. With so little spare capacity worldwide, Looking like the only way to stop the oil price is to find that point of maximum consumer pain and ultimate demand destruction.

BIDEN ADMIN IS WEIGHING A BAN ON US IMPORTS OF RUSSIAN CRUDE OIL AS CONGRESS RACES TOWARD PASSING SUCH A RESTRICTION

150- 200 dollar oil likely on the way followed by a global recession . This will not end well. Take care with your portfolios . Cttl alt del

CHEVRON RAISES SHARE BUYBACK GUIDANCE TO $5BLN-$10BLN PER YEAR || SEES OPERATING CASH FLOW/SHARE TO GROW 10%/YEAR THROUGH 2026 || BOOSTS RETURN ON CAPITAL EMPLOYED TARGET

Don’t underestimate the cash generated by HBR at current oil and Gas prices….more than covers the dividend …are accretive assets becoming too expensive now to utilise the rest of the FCF? With the west unwilling to touch Russian barrels, the only cure for prices is to run up to SKs $150 to force demand destruction…, sad times

Stock challenge website has the full market cap list

They currently sit low 120s, but need at least 5bn mc for automatic inclusion, but maybe 4.6 will be enough depending on other components….so probably need a share price closer to 500, which is easily possible with current mkt conditions…
Taking 5 mmbd of Urals exports off the mkt if the swift sanctions hit, will be parabolic for the oil price and keep jifffs money presses busy…

With Russian oil the social pariah, all about security of supply as Europe scrambles to build their energy stores. UK govnt will be bending over backwards to get nee homegrown supply on…

And of course the close above those sticky MA around the 360 area. Also above the 200d now and 20d and 26d ema both pointing upwards…peel hunt looking for 471, personally looking for 650 first stop

"In the end, oil will probably give you better returns, but it will be a rocky road. I like to say, buckle your seat belt and hang on for the ride. It's not going to be a straight line up, it will probably be very volatile," Currie said. Comparing the Siperspike that kicked off in 2005 compared to conditions now. As I remember took people a while to grasp the concept back then , before the curve went parabolic…full article on yahoo finance

Evening Jefffferey, bit like the chat on here these days during this prolonged lull (IG handlers are out in force to get people trading a bit more); always seems to reverse into a Bill Gates love fest , hopefully get my 4th jab soon for a bit more immunity….cor….I’ve even brought it up myself ;)..

Imagine , like it always does, that the great Iranian bear hope falls apart…may have to release some barrels from those depleted caverns…that’ll solve it…

3 digits this week highly likely. Watch those urals diffs drop as the trade struggles with the banking conditions and future uncertainty. Conversely dated Brent numbers through the roof…all great for HBR. Tough one to call for the fence sitters as the monster cash generation cannot be ignored, whilst awaiting for guidance. EIG love a dividend, why would they sell out at the beginning of the super cycle in oil? Milk the goose, and keep it fed with the profits..,

When the long term down trend line from the 2008 high through the 2014 highs was breached, all bets were back on for lifetime highs …$120 first target area for me. Structure doesn’t lie how tight this oilmarket is…even without a potential war.

361 on the HbR charts has a cluster of 3 moving averages that proving a bit sticky. Short term needs to break and sadly around my b/e …thank god for oil…good luck all and try to keep everybody trading…;), makes the money keep moving round .

The sanctions knock ins are already dropping interest in Russian barrels, look how much the Urals diffs have dropped and dated Brent and structure is through the roof. Great phys premiums for the unhedged barrels and a bonus for the ones only hedged with options…cash machine….fund manager mate said most tracker funds that are governed by ESG articles already 10% lower than their peers for not being able to invest in energy stocks…greed will get some of them sooner or later. Triple digits tonight?

OPEC president saying there is not enough supply to meet current demand and oil stocks all catching a bid…

The Reuters article is much clearer…purely about Shell looking to offload upto 4bn of assets each year as part of its transition, currently offering 2 gas fields valued upto 1bn that feed into Bacton. Nothing about HBR buying them….yet…lol

Interestingly the Tolmount AIS transponder has been off for the last 34 hours…does this mean we are in the final stages of commissioning? Will be a volatile week whatever happens..Good Luck all.

Putford Ajax on its way to cover duties for the Jaguar this afternoon . Still following the 9-10 day pattern, replenishing supplies in Lowestoft, before pulling alongside. Omicron staffing delays still the supposed reason…like the call for next week ….spin the wheel

Saudis upped the OSPs over the weekend….Libya small pipeline leak…one major oil outage away from an oil market calamity….Iran? They’re already producing more than people think…UK oilers next, US is roofing ..just look at the ti/br inversion….spin the wheel but $100 before Ip week looks nailed on…? Vitol talking their book and they’re usually more right than GS ..good Luck all for the week ahead

Is Kirks contribution to the company really worth a 4% hit to the share price on an OPEC rollover day, with little spare capacity to accommodate the extra 400kbd? Mind boggling again….

Gonna take a day trade on this now the bid/offer has narrowed down

If it was operational bad news then there would have had to be an RNS prior. He still a massive shareholder as well

He said: “It has been an honour to be part of the Harbour Energy story and, as I depart to consider other business opportunities, I am very proud of what we have achieved.

“Harbour has a clear strategy and focus and, as a shareholder, I look forward to supporting its continued evolution and growth.”

84.97b revenue….phenomenol…if only hbr can translate its cash generation into shareholder value…

As per plan they will try and add another 400kbd , GS thinks more but the OPEC JTC committee reported that they were over compliant in Dec and produced 824kbd below quotas hence the quick snap back. Too many members are at max output or facing disruptions or like Russia constrained at this time of year with higher domestic demand and winter constraints, plus the dollar is on a downward trajectory. If demand continues at current rate, shale oil will have to come to the rescue and that’s not an easy turn on the taps….plus the war risk….although unlikely in the next couple of weeks or maybe never but who knows. Funds are positioned for $100 oil…