Member Info for sittingduck11

Let's hope he's wrong..

https://youtu.be/-vCqXKlZuu8?si=4XhJQGy8w4VYr5GO

15 April 2025

Carlos Slim Helu

BuyRegular purchase transaction 15,000 $14.44 $216,558.00

10 April 2025

Carlos Slim Helu

BuyRegular purchase transaction 2,000 $14.50 $29,000.00

9 April 2025

Carlos Slim Helu

BuyRegular purchase transaction 15,000 $13.98 $209,626.50

8 April 2025

Carlos Slim Helu

BuyRegular purchase transaction 5,000 $14.10 $70,479.50

7 April 2025

Carlos Slim Helu

BuyRegular purchase transaction 16,000 $13.88 $222,126.40

As far as I can tell, it's very little retail buying.

What is going on with gold? It's quite incredible. What's the saying... "put 5% of your portfolio in gold and hope it never goes up." Well the proverbial canary in the coal mine is going absolutely mental and no one seems to care.

Surely a sell off in gold is coming. Either that, or something serious is going on. This price action is not normal.

The debt only becomes a problem when the oil price falls below $60 and stays there. Even then, Harbour are more than capable to weather the storm. Lets not forget when the business bought out PMO, throwing themselves into $3bn worth of debt when oil was trading at similar levels to today. Difference being Harbour back then was not well diversified, had higher production costs and produced half as much oil.

We can all scrutinize as to why Harbour is down, but this is not Harbour specific. HBR is down 52% from 24 high, OXY 47%, Apache 57%, Talos 53%, all of which have their shareholders pulling their hair out going through the flaws in the business to determine the the real reason why shares are down. Sentiment is driving this market, pure and simple. Fear has overwhelmed the sector and overwhelmed this board. And it could very likely get worse. But it will turn around, because it always does.

I've been quoting him since 330p

A central theme underlay Rockefeller's management; he believed in oil, and his faith never wavered. Any drop in the price of crude was not a reason for anxiety, but an opportunity to buy. "Hope if crude oil goes down again . . . our Executive Committee will not allow any amount of statistics or information . . . to prevent their buying," he instructed in 1884. "We must try and not lose our nerve when the market gets to the bottom as some people almost always do." Shortly after, he added, "We will surely make a great mistake if we do not buy. "

Granted 1884. But it's arguably much more valuable today.

I'm sure everyone is watching it. But the US 10 year could lead to more money printing, it could lead to a war, it could lead to chaos. If it challenges the recent highs around 4.7% then its likely they will fire up the money printers. And if it's China thats selling and the US (and or China) get desperate... It could escalate.

Human beings cannot help themselves but print money.

But who knows. Just keep an eye on it.

https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx

Strong bullish divergence on the daily chart - suggests an uptrend is coming. How long it lasts? Who knows. Will it happen? Who knows.

Negative sentiment everywhere atm. Analysts, professionals, amateurs. You'd be hard pushed to find anyone who is even mildly bullish oil.

That in itself is a significant buying signal. This is the time to be buying. Personally I think its going to get worse, but I'm aware I've been swept away with the general negative sentiment. It was the same in 2020/21. I fought the negatively and bought then also, trouble is I was a greedy piggy and didn't sell in 2022.

Oink. Oink.

OIL needs to bounce hard and fast IMHO. Above $69 minimum, ideally above $71, that's Brent.

If not, i fear we are going lower in the short term.

However - gold is telling us all is not well. Gold oil ratio over 52! We may have some more short term pain but oil is starting to look like a coiled spring.

They would be mad not to imho

You should do

Lets hope it holds up

Trump gave everyone a heads up earlier to long the market. Lol crazy.

PBF Energy up 10%

Talos Energy up 14%

If this holds up then surely, SURELY, Harbour has a good day tomorrow and gobbles up the dividend drop quickly.

Just for upsetting all the snowflakes out there. Go have a cry.

Oil will be back - sooner all later.

Up the Harbour.

Target was mid 160s, lets hope it finds a bottom.

He bought more PBF Energy on the 1st and 2nd of April.

Along with HBR it's been slapped last 2 days

About 5% on Thursday