Member Info for Rookie1

Think today has been that confirmation we have been waiting for plebleens? Many have been very unconvincing and remained in no mans land but today’s close looks good. Are we finally going up to test that 50day ema at 381 tommorrow? Then mid £4 should come quickly.

Good day today with the reverse candlestick on the charts from Friday?

Comrieman, your Post won’t get the recognition it deserves on here because you didn’t say something along the lines of “£10 by year end”.

But your spot on, no chance debt will be sub £B. This is what worry’s me with EIG using our cash to prop the share price while they exit. That is to come out of the £600m the market will be expecting off the debt pile like in Q1. We can only hope the rise in prices can offset that to keep me market happy.

Because it all just stinks to me, there’s nothing normal about the current share price or market cap. We are just watching a share price completely detached from fundamentals and share price movements comepletley out of our control.
Secondly, £3.61 is a joke so I wouldn’t say we are well up today

What the hell is goin on with this share price?

The windfall tax will not get cancelled I’m afraid, that I can gaurentee you. The real worry is the way the media twist people’s minds (as usual) to blame oil and gas company’s for all their new problems with the cost of living while claiming they are ‘profiteering’. None of them like to explain to the public what a struggle it has been since 2014 with huge loss’s and massive expenditure while still producing the fuels they all so desperately rely on.

Absolutely pointless investing here. EIG clearly not committed to the industry and clearly still dumping equity

FFs what’s hitting the SP now?

This has to pop soon surely.

She’s guna blow!!!

Is anything that doesn’t suit your think just a bad source Texan? BBC are are a nice honest and genuine source are they? LOL

Break this £3.60 and we should have a good run up to £4+.

You know, because I’m short and that.

A)Heavy long like my schlong.
C) Tony’s a tool who couldn’t run a bath.
D) Linda CROOK is not to be trusted.

Totally agree with that Jeff. It’s all playing into the govs hands. Create the problem and turn act like the saviour when the nationalise the lot and have everyone dependant on them, along side their UBI because there’s mass unemployment.

Funny thing is, we actually posted at the exact same time last night so we must be very quick at writing a message and then logging in and off ;-) what an absolute clown.
As I’ve said many times, I have a holding you would probably retire on.

Lastly, yes I spend all my time emailing hbr to get to the bottom of all this dodging dealings because I am short, yes that’s right.
Orrrr maybe I’m just not an absolute mong and understand how economy’s and buisness’s work and know there is something very wrong and has been for a while. You just stick to the bbc. Covids rampant again mate, get your boosters.

I didn’t mean a sell off in the markets,Jeff. I meant major holders dumping stock at such a rate to reinvest elsewhere, they know there’s a ****storm on the way. It was only 2 weeks ago this lot on here we’re saying there’s no signs whatsoever of a recession.LOL

We could be staring at a prolonged period of difficulty. [Stagflation] could last as long as a decade,” said chief executive Lim Chow Kiat, referring to the painful mix of high prices and low growth."

Wait, so me and Jeff were right about that aswell and everyone is going to pretend they knew all along, again.
yet we are just conspiracy theorists?

The biggest debt bubble the world has ever seen is about to pop and that is why you are seeing such sell offs.
BBC say it’s all fine though…

Oh Jeff/Rookie etc. is a harmless clown trying to distract attention here from the fundamentals/facts, and as the bb jester with his copy paste posts (without any understanding of them) easily makes all other posters look lot more intelligent.

Strange, I’d say I’ve called a lot more right than you lot.

Exactly kign, I found that odd.

Our share price has been impacted by the lead up, announcement and subsequent enactment of the windfall tax(EPL) on oil & gas companies by the UK government. Harbour, as the largest oil & gas producer in the UK, is seen as being hit the hardest by this. Analysts estimate the impact of the EPL on our cash flows at between $1bn-$2bn. In terms of trading, selling has been dominated by hedge funds and trading accounts and, more recently, some index funds rebalancing their portfolio following our exit from the FTSE 100 becoming effective last Thursday, rather than legacy major investors. We have also seen a lack of incremental buyers with investors remaining extremely cautious given the increasing likelihood of recession and the political instability in the UK.

As per the press release and as you note, this change in EIG’s notifiable interest reflects a distribution of its shareholding in Harbour to certain of its underlying investors, rather than a sale of shares. We always expected that at some point EIG would look to distribute to their underlying holders who would want to hold their shares directly, given that the fund was established in 2014 and Harbour, a publicly listed UK company, is the only holding in the fund. EIG remain our largest shareholder, with a c.16% holding, and Blair Thomas, CEO of EIG, remains Chairman of Harbour. As per Blair’s quote in EIG’s press release, EIG remain committed to the sector, confident of our current strategy and supportive of our management team.

Regards,
Aruna