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I have to admit I am tempted to close my short at 180 at a couple of k loss because of the support there, however looking at TA I think this support could be ready to give soon and if it does 165 is on the cards. As ever, I don’t know, but a close below 180 tonight could be a good indication of the next direction for the sp.
GLA

What track record? You started an account yesterday and have posted two desperate ramping posts?

I’m 10k in the red here now but I believe when the penny drops it will go crazy,I’m here for the 10 bagger.

Falkland you still waiting for your £1 on rockhopper? Lol I’ve never known someone’s predictions be so off on everywhere you post

Also, I’d you hadn’t of noticed the obvious, the oil price has lost $10 in a week. Even if I was an MM I’m not exactly sure what that would change and how I would Cause such a sell off?

I wish I was a MM, I really do.

I just call these lockdowns and the lies for what they are,get called a conspiracy theory so think I must be wrong,and end up being proved right again and lose a packet.

Gosia, these lockdowns aren’t my ‘new normal’ as they keep drumming into you, and the uprising that is coming will put an end to it all aswell.
At this point if anyone is still beleiving anything the media come out with you need your head looking at.

Couldn’t make it up, I buy pmo and the oil price ****s itself

It could hit 22.5 and you still wouldn’t pull the trigger, I think your more of a spectator.

I think the buy back is providing strong support? Barcs doing really well, I do wonder how long it will last though as I’m sure Barcs will be keeping some powder dry for cheaper purchases?

Harbour is a £6B -£7B company minimum,this will be 35-40p range in 6 months time

Just when you think you’ve got a bargain she shafts you once more

I’m just a conspiracy theorist though apparently :-)

Lol re covid, is anyone ready to admit I called that all right, again?
Stop beleiving the media, they are lying to you again and again and again , there will always be something made up to prolong lockdowns. Take all the vaccines you like it won’t change a thing while they have people mindlessly following their orders, very dangerous times.

Ok added another 100k earlier than I expected

Yep great analysis again Sigma, I’m very much seeing the same as what your are.

I still think a retest of fib 61.8 could be more likely than a push up through 185 with the latest news in europe, However with the share buy back now active who knows, barcs certainly has strong support at 180.

The DOW has to give soon and although I didn’t particularly think the FTSE is overvalued we all know when the Us sneezes, we catch a cold.

On the other side of the coin I sold my rental property this weekend at £5k over the asking price within 1 day and the first viewing.
I have never seen anything like it, the housing market is booming for sure. A lot of southern money moving up here to North Yorkshire because of what you can buy for your money in comparison, and I think the fear of continued lockdowns.
But again, that is stimulated through relaxed stamp duty and so just prolongs the inevitable to me?

Anyway I’m sorry for rambling on, I think the best position to be in right now is cash because we are still very much 50/50 as to where we are heading!
GLA

I Initially thought the same but as far as I can see pmo production remains unhedged so allows us to capitalise on a rising oil price going forward, along with around 40kboepd of chrysaor production unhedged. It reads to me around 50% of harbour total production will be hedged at $58?

Thanks onelongrunner, havnt has chance to check yet but will look tonight, if they have started that is, If not Barcs looked strong today

SK are you in for the long haul now or trading? I’m thinking 40p by year end so sitting tight. The hedging programme makes this one of the safest oil plays for the year imo

Well with this bounce back up over 180 it would actually form a bullish candle stick if it closes up at these levels. I managed to double up and take another short at 185 which I closed at 180 to take any sting out of my 175 short. However I’m still confident that this will see 155 again soon, that TA refuses to signal a reversal in trend, it would be interesting to know how many shares where bought today in the buy back and how much that kind of support will be available.

Try 6.5 and £ not $ imo