Member Info for Plebleens

Apr high of 538.6 first target within east reach, then free air to 648 from March 2021 , and ultimately the gap to fill at 1215ish from mar 2020. rSI at 86 a little overblown so may need a bit of consolidation first.

Or something to do with Noble…?

From their results 2 days ago

Completion of the EIG distribution of Harbour Energy Plc shares(2). Following this distribution, NGHL (through Noble New Asset Co Limited) expects to hold a total of 79,352,666 shares of Harbour, representing approximately 8.66% of the issued share capital of Harbour. No restrictions on a potential disposal of any of the Harbour shares received by NGHL group as part of this distribution by EIG. Despite high energy prices, the Harbour share price reduced in Q2, in part due to the UK imposing the Energy Profits Levy on the UK operations of oil and gas companies.

As I posted a while back, BOA handling the potential sale of CNOOC assets…Chinese want out of NSea and foreign assets…Buzzard a great asset , bit sour but a good. Substitute for Urals and very much a trading asset controlling the dated Brent price. 1.5m swaps expired last month..or could just be a conduit for a US hedge fund wanting commodity exposure…a lot of investment cases with the way Buffett is moving his cash

Massive amount of unhedged UK gas on the books (despite the paltry 23.08kbde hedged at 41.52p for 2023) and 10% reduction in hedging obligations going forward. Winter gas is over 700p/therm currently , over 3 times the 200p number they using for debt free calculation next year.

Tolmount at 45kbd equiv, higher than expected

Agree Obsolete on the TR1s. It’s now more than ever in no one’s interests to have any bad news hidden in the results. Selling hbr shares is/was the only way for some to take profit on their original stake, as it is/was the only tradable holding of the fund. The reserveds downgrades etc were all early parts of the cleansing process, and the share transfer on the lows of the year to mitigate the amount of tax paid, was sensational (as an eig fund holder), if hadn’t bern do painful for the rest of us.

But now hold or sell, everybody is aligned to want this share price higher and to maximise returns. More buy backs a given, dividend increase highly likely, reserves adjustment upwards probable. WT will be defended accordingly, cash generation and debt repayment quicker than the human eye. There’s a buzzard in the air …?, this surely isn’t the shocker of the lacklustre Dec 21 cmd, which emptied the skeletal closet. My 446s prediction will be in the rear view mirror ….then again ….sleep well

Bang goes the JCPOA deal as US refuse all Iranian proposals….then they only go and bomb Iranian backed targets in Syria.

And Freeport’s closure til Nov now tightens the US gas supply to Europe st crucial time….both oil and gas ripping

There are also 2 storms brewing in Atlantic heading towards Gulf. Low level at the moment, second one likely a bit more malice, but enough to drive a bit of nervousness ahead of long weekend.

If get a big draw in DOE on top of record SPR draw and record exports….then wti heading back to $100 quickly.Europe has to plan crude imports carefully after the full Russian ban comes later in the year.

Good Luck all

Thanks Missm on AD , that fresh 715 overweight target, should give the share price another strong day, poss another 20p. Looks like my Fri 446 target will be way off the pace. 485-490 by 31st Aug to get back in FTSE 100..

420ish also the 50% correction of the move from 538 to the 298 low. There was a 430 high on day of WT announcement (false dawn). Band of resistance around 450 area but with clean air above all the MA no reason why we are not looking for a new yearly high, once 420 cleanly breaks. RSI are getting a little frothy so Maybe a consolidation period post results after the jump?

Reckon Buzzard still a major target. Electrification works easily offset against WT over next 2 years. Control of the field also gives the owner a trading advantage as a major cog to set the dated Brent quote. Suncor and CNOOC want out…. Never did find out what happened to that BOA swap position posturing…only issue is more oily then gassy…

Reported halt on Cygnus gas field flow sending gas stratospheric this morning. Shows the knife edge that uk energy security sits on.

RE: Friday Club SP CompToday 10:12
PLEASE COPY AND PASTE YOUR SELECTION IN NUMERICAL ORDER PLEASE.

£3.84 Bushmanbob
£4.12 Banburyboy
£4.21 Keepsteady
£4.32 peterlowen
£4.38 nICKEL 123
£4.46 Plebleens
£4.50 Bawdeepinit
£4.53 GordonAlbert
£4.55 steve17
£4.60 NSS
£4.69 Stingray77
£4.71 Sekforde
£4.75 KeepItSimple
£4.78 Not My Job
£4.84 Wellintervention
£4.90 BacchusII
£4.95 Missionimposs
£5.00 Dartman501
£5.07 TopCat81
£5.25 ButterscotchLad
£5.35 Tess
£5.48 Givingthelowdown
£6.09 kign

And a resulting place back in the FTSE 100 in the Index’s upcoming September review, if the price gets to £4.85ish before Aug 31st and mcap above 4.7b

Good trading Sekforde, you must have drastically dropped that 491 average from May, hope you got some low 300s . I know you don’t like charts, but the close above the 200d was a great sign, just need to break and close above the upper resistance on the up channel near 398 ish to get the clear air to 430 and beyond. 668 high from mar 2021 and gap to fill at 1215 from mar 2020. Where have all the subterfuge posters gone? Posting Cycles on this board are beyond subtle….bit like Iranian headlines on a thin summer crude market. But when winter gas is above 600, who cares ….bit like that Aberdeen exec I met on holiday, the fcf is off the charts…

38.2% fib around 390, and the top of the parallel ascending channel (drawn up from the low on the 6th Jul) at 393ish so plenty of tech levels to chew through, but after that very very little til the 420-430 pre WT announcement area. Tea leaves look good. With long range targets 670 March 2021 high and the 1215 gap from March 2020….

Correction 392 on the 200d

? Rookie, 50d MA is 352ish…. 26d EMA crossed it a few days back. 200d around 292 , but hasn’t really had a huge influence, though May drag in a few bots, once we close above it.

Next FTSE quarterly review weds 31st Aug. Probably need mkt cap 4.6-7b to get automatic entry equating to a share price above 485 probably. The way this moves ahead and after results all possible, especially with our PE friends seemingly taken their foot off the sell pedal. Did 80 points end March after the full year results…although Ukraine effect added plenty to that move

The short term resistance blown…top of up channel and 200d ma at 395ish within east reach

Goldman Sachs starts Harbour Energy with 'buy' - price target 609 pence

Good start