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Yes, really surprised to see all the vol churning for something that has spiked. Maybe there is another push upward on it way. Still, £100 could be worth £500 in a number of years- much better than money in the bank. 50-100 % av a year when this finally comes in seems good to me. Worth a the risk in AIM casino even if a major like HBR or BP buys us out.
More stops going after the mms holding it above -23%. But day shorts might get stung yet before the downturn dries up. imo.
Happy to LTH for realisation of those nice asset/s in the N.Sea alone for 1p. Buying an old river cruiser fixer-upper to retire on in a number of years. Divorce from a controlling money grabber will wipe away of my hard earned. New start and only a few grand needed. Can improve my carpentry skills and electricals whilst waiting! Should be an expert by then lol. GLA
This'll bounce around- as it rises over the next few year. Happy to make 400%+ in 2028 and have as Mr.Buffett would say, a margin of safety, than wait until much higher prices even two years from now. At least with prices under a penny, £50 goes a long way ! Also by 2028 any recession should (!) be over by then, again buying more could be a good thing. Expected a crappy monday anyway, folks 'thinking' over the weekend are going for a quick easy profit, don't blame them. Again it creates good opportunities even for folks who got spiked to average down. imho dyor
Blimey- if i sold now i would have recovered my 25% loss on wildly successful HBR AND losing 30% on great recovery play IAG.
I can go on a stop loss course now..
Blue Nun and Waggon wheels on me at the Finally Got there Arms, Chipping Sodbury.
Blimey- a penny would be great. Whatever, we've done incredibly well just so far. Made up for my loss in HBR now if I sold here. But i'm going to risk a spike and just stay put.
I hope the big money doesn't arrive soon I do reckon their 'bots screw around with the sp like may shares nowadays. but wdik. Happy days Campers.
Wow- nearly fell off my chair seeing such a rise. I've never seen a day rise in my tiny account.
It's not a bad idea to only trade once a year or so when opportunities like this arrive and stich the cash in an instant access acct the rest of the time. Save a few quid on trading fees also. I can now understand why the Great Buffett keeps so much cash on tap- for those fallen/ forgotten angels.
Hope this doen't get too spikey. 5% max tomorrow will do nicely or i'll get them vapours.
Asti Spumante tonight 1998 with real hoover dust to give it that extra panache. Notes of Waggon wheel and Foxes glacier mint and a Lion bar for me poor old puddin' head. GLA
Great start. A few glasses of Blue Nun we stay above 10% by close. Lambrini for 15%.
Was down in Poole some years ago when last in this share and saw the top of the Shell rig through the trees as we were on a tour to Brownsea island. Would love to live on a 35 ft river cruiser somewhere around there if and when we all do well here. GLA
Had enough- probably sold at the bottom ! Very cheesed off with this money spinning , successful share. It was sh*t during Premiers time and should have learn't my lesson. An alluring beautiful woman but with big hands and an adams apple. No relationship here. Lost 25%, Screw it- off to Baron oil an old beau, to make a few quid back and top up a dwindling post-divorce fund. GLA inc Rookie1. atb
Just bough in an sold that pup Harbour energy (premier was a pup too) after losing over 25 % of my dwindling dough in a month (!). I was in here when it was drilling in Poole some years ago and lost 1/3 my money . A great looking little company now is its time esp when it is placed to take advantage of theses higher oil/ gas prices. Lots happening now and great to get back onto and I finally have to learn to sell when 12 % down and not wait for things to improve. Still, i'm improving- I usually sell after losing 50% waiting for the sp to improve during times of a cheery consensus !! I guess its a bit like dating the girl next door who everyone says is beautiful and wonderful but for some reason the relationship is miserable ! Might make some money back if we see a few more 27% days even if we get spiked, the conditions are better here and the company has its fizz back.
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Vol trades really moving after leaving the last spike a month back or so. GLA
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Since oct 12 we've hit a floor since falling from late sept and early oct. I 've noticed others like bp have similarly hit a ceiling at roughly around the same time.
Now we are seeing some intra day volatility- start out rubbish, head up into the clouds and then finish in light red land. I'm interested to see if we are now gearing up for the winter. The gas headed up last early nov so maybe, just maybe we should us going back into the 400's now the market has had its headache what with the Kwartang departure and a steadier hand on the till and the bond market rout and China coming back on stream. Put it another way- i can't see this price drop getting much worse before it gets a lot better. Or even see these prices as a prolonged tree shake so mates can get in in time for the winter price rises. AIMVHO
No lube needed today Rookie. Favourable tide comes with a new Chancellor. China fuel demand recovery hopes in this morns news. And last year gas started rising nicely at Nov point. Maybe we'll see upward movement in the next two weeks. Not expecting more that 410 this week but hopefully the bash bots have lowered this enough for the ii's and mates to start buying again. Still eyeing up metal detectors though for my insurance Rookie. ATB
A fairly high number of ii's holding HBR, I guess it shouldn't be too surprising a big pension fund sell off is going to affect us. Then again p/i's are likely selling to pay for elevated fuel/ house prices but not as much as ii's.
I'm expecting another rocky ride (mostly down) up to the middle of next week until Mr. Hunt settles in to his new job and soothes things.
After months in the pits Brent open interest climbed to its highest level since March this week, while there has also been a flurry of bullish option flows . Fingers crossed things should stabilise. We can't carry on dropping further. Can we ? Until Manic monday..
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My leccy meter is spinning more now the rads are on. Boiler went kaput last year so house is leccy powered until we sell the house for warmer climes- West Mercia or Merseyside !
I see a whole bunch of gassies were on the fallers list today. Has a huge gas reserve been found in Atlantis, off the Cornish coast ? Nope , a stupedously high POO has lost a bit of crust.
Still, the balance sheet grows hugely day by day. I can't see £4 on no debt and markedly reduced hedges next year next year. If not i'll just go back to casino AIM to attempt to recoup my money. Then i'll buy that metal detector. Hopefully we'll see a more stable week next. (ive been saying that for months lol).
Great finish. The Blue Nun is flowing at the Nearly There Arms. Even Les Alanos has joined us for a sing-a-long.
Tempus temp has written a cheery article: https://www.thetimes.co.uk/article/oil-and-gas-producer-offers-safe-haven-d77r6dmx9
Sorry can't get the rest of it.
Dock leaf porky scratching tomorrow if we hit mid-twenties tomozzer.
Seriously- i'm going against my gut and 'doing a Buffett. Simply hanging on and trying to buy some on the dropsy. According to Buffett, a company with good profits and a profit in demand should rise when Mr.Market's manic depression subsides.. At least when the dust settles in a year or whatever the debt will be cleared nicely, the divi increased and maybe some new producing assets.
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On the other hand, if another oilie such as cairn or even bp comes down nicely, hopping into a less manipulated share (rather a shares which rises (properly) with the market and could be on the cards. On paper HBR looks great but as I said some days ago, the sp is as synthetic as my winter vest. In short: I'll play it by ear, but if the market really takes a tumble, really good opportunities in this sector will appear.
Any place left for retail investors or is it time to simply buy a metal detector and go beachcombing to make my riches?
https://www.youtube.com/watch?v=AWBRldjVzuM