Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's going to hurt everyone but you can see what's happening. I've been saying it for a while but nobody is going to invest 100s of millions in new O&G wells that will take a few years to get online if the gov are going round saying they want to cut oil and gas in future leaving companies out of pocket on construction and then for decommissioning. Imagine if labour get in they will just shut everything down and HBR will be F*****
So hunt has basically said F you. As I said ealier the Gov are in a win win with this tax, so why would the revoke it
oil companies stop mining = Gov saying we are net 0
oil compabies reinvest money = more oil production which give gov more money.
I would look at it this way we have had buy backs for the past month and in that time we are down 20% which is around the same as ENQ and tullow.
so if you think the buy backs are working what your saying is we should be doing worse than our competitors. So why do you believe HBR would be doing worse than other competitors without buy backs?
Government will not put any floor on the tax. The media have made out the oil companies are the most profitable in the world and you've got the general public who want to cut oil production. In the end Gov make money and they good for doing it even if the out come destroys the oil industry and the general public
Oil. just for more reference because i know you like to pick a specific time line to prove your point so ill do the same lets look at 19th april 2020
oil = $20. HBR =560p
now today
oil = $73. HBR = 298p
give you some other companies in this time frame
tullow was 23p now 26p
ENQ was 10.66p now 22p
SQZ was 120 now 290
BP was 350 now 450
But i will say IAG is worse in this time frame
was 218 now 134
So according to Oil HBR is amazing
Marybr Im hoping it goes to 500 but we are sub 300 now and im not seeing any real reason it would go up, so who knows. I would rather people be realistic because the share buybacks aren't doing anything o&g prices do nothing but drag it down.
If you put the 3 charts together between HBR, Oil, gas you will find gas is massivly up over 2 years and has an upward trend, oil is up massivly but dropped off but still upward trend, HBR its like a day traders wet dream its up and down but at the end of it its back to where it was after the crash. But if you use imagination and wishful thinking then yes they will look exactly the same.... for anyone who isn't living in a mental asylum you can see HBR has not followed Oil or Gas
Is anyone shocked that the SP is dropping. I think we all knew it was going to drop probably till after xmas could be down as low as 250 but probably more 280 then we will get a big ramp back to 300, everyone will lose their s##t saying the squeeze is on and that the shorters and all in trouble now even though they are still in profit and we are all still at a loss. Then after about a week of going up a 10% it will drop further than where it started to ramp and everyone on this forum will be saying its just giving back its gains.
How long can a share underperform before people start to think it's just a dog. I'm starting to think it's not underperforming it is actually just a poor company. It's one reason after another and at some point you have to just say its not underperforming its that low for a reason