Member Info for sittingduck11

The strength bubbling in this stock is quite palpable. Its a different animal these days, getting stronger and stronger.

Slims recent additions have prompted me to have one last bite of the cherry. Very heavily weighted in this company now.

As Andrew Carnegie once said "The way to become rich is to put all your eggs in one basket and then watch that basket"

Berkshire Hathaway have increased their holdings in OXY in June - up to 29% stake now.

Billionaires are increasing their oil holdings.

The longest time its taken for a weekly gap to fill on the chart i'm looking at is 2 years and 6 months.

Albeit is only a 25 year chart.

Its an observation. A bit of fun.

The gap on Brent is at $120.

The gap on WTI is at $118.

They always fill. Eventually.

Why don't you sell your shares J? Do you even own Harbour stock? I'm certain you don't. Why would you?

You seem to lose all composure when the stock drops or oil sells off. You have nothing positive to say about the company and why you would think a Harbour Energy chat forum is an appropriate place for vaccine reports and all that other gibberish is borderline mental. Its weird.

For everyone else, all eyes on the acquisition, things seem to be moving along nicely.

We have an election coming up, I think its fair to say I'll be voting Reform who are pro North sea oil and gas. Not that it'll do much good, which is why Harbour are taking evasive action, but you never know.

Sounds like BS from Barclays to me.

In my experience with IG and Hargreaves - dividends are always paid on the payment date.

With Harbour specifically, dividends have always been paid in by midday on the payment date with Hargreaves.

Typically your broker will have set periods in the month when they reinvest dividends. If you let them auto reinvest it tends to be cheaper. If you do it manually you will pay the standard trading cost. That's how HL do it anyway.

I agree. The German approval is significant, still a long way to go...

The debt reduction is a nice touch.

Bonker99.. Don’t feed the fish/donkey

My advice Nitro (for what its worth...), don't wait until you're are older. Buy good businesses when you're young, forge a habit of always buying (good companies, preferably that pay dividends), reinvest, stay disciplined. By the time you are 60 the compound effect will make you a millionaire. The secret is to start early and don't gamble..imo

And..... breathe

Another solid update from a solid business.

My job requires me to analyse and comment on UK company earnings. And whenever I look at a company earnings where I think, hmm this looks like a very good business at a very good price, I compare the numbers to Harbour and they are not even close.

Maybe I am missing something, until I find it I will keep buying.

To recap on managements performance and progress since Harbours inception -

1. Paid down over 90% of the debt, which amounted to 150% of the market cap. In doing so they have protected shareholders and the company. Oil could fall to $40, Harbour would survive thanks to this action.

2. Returned billions back to shareholders, introducing a sizable dividend that is comfortably covered by earnings and that continues to rise, AND bought back nearly 20% of the shares, returning more value to shareholders in a non taxable way.

3.Embarked on one of the boldest and ambitious takeover, buying a company five times their size, diversifying their portfolio all over the world which as well as offering shareholders protection from cowboy governments (no one saw the WF tax coming) will also significantly increase earnings.

Outstanding work, so far.

Sure - I'll throw in 3 months bank statements and a copy of my passport while I'm at it.

You wally.

Well that can't be right.

Harbour Energy is only 3 years old.

Premier Oil was a dog. Low production. High debt. Bad management. I wouldn't have touched it with a barge pole.

Harbour Energy is not Premier Oil.

Crazy.

Oil is at $90.

While this company trades less than 300p a share, its buy buy buy. If it drops, buy, drops again, buy.

Unless you're talking about a few grand or you need the money fair enough.

But anything else, accumulate.

I would be amazed if we ever see 240p again.

There will have to be an almighty crash in oil and or the WD deal collapse, failing that, no chance IMO. But who knows.

A resilient day so far for our oil and gas company. Ex div tomorrow - be interesting to see how the share price reacts following the adjustment.

Brent at $89. A licence to print money for these oil and gas businesses. Make hay while the sun shines.

Given the rise we've seen recently - a pullback/consolidation is a good thing I think.

CPI this week so no doubt we'll have some volatility.

I'd say so.

Solid business, great cashflow, high dividend, massive growth prospects, almost no debt, in what's looking like an ever increasing inflationary environment.

It will make a big difference, Jack. Believe that.

In the last 23 years (the length of the chart), there has never been a down gap on the weekly oil chart (that I use) that has not filled. Currently there is a gap at $105 and a slightly larger gap at $120. So all those negging out about this stubborn stock - its worth coming back and checking the price once those gaps fill.

No idea when that will be, but they will fill, they always do.

If it hasn't broke 280p by then, I'm gonna sell up and go join the revolution with Rookie and his mates .

Rookie - why is it depressing you? Patience my friend. You'll get your 350p. But if you are still holding it then surely it makes sense to buy some more and bring your average down? Dividend coming up in May.

Remember - its impossible to go bankrupt if you don't have any debt.