Harbour Energy Share Discussion Threads

[ny boy] 28/11/2016 09:15

The only hope for the bulls is an OPEC cut of substance and the share price closing 55p..then you may get a dead cat bounce of 15-20% to sell

[ny boy] 28/11/2016 08:22

Every time I look,these are lower, scatttered with deluded bulls talking about "this one is going to the moon" etc, they will probably be saying this when the sp, is sub 20p

[marvin9] 28/11/2016 08:15

PMO tail spinning as we speak

[begorrah88] 28/11/2016 08:08

Knife through butter yet again

[marvin9] 28/11/2016 07:54

Mmmm ta for that

[deanroberthunt] 28/11/2016 07:50

you could hedge quite easily.....hold PMO shares, take out a 3x leveraged etf short on brent 3BRS.....say 70/30 weighted? if they sort a deal close the ETF straight away.

[marvin9] 28/11/2016 07:48

I have to agree, although I'm 'gambling' and hold shares

[deanroberthunt] 28/11/2016 07:39

PMO pretty much totally reliant on tribal savages.

[ny boy] 27/11/2016 23:15

Crude tanking again, could be ugly..unless these headless chickens get their act together in the desert.

[asa8] 27/11/2016 18:03

Fireplace like the banks fixing the libor rates

[leoneobull] 27/11/2016 16:33

Bloomberg bloopers 83000 a day including the gas

[fireplace22] 27/11/2016 15:57

asa8, USA economy thrives on low cost energy why would they impair that? I assume it would also be illegal as you could be seen as 'fixing' the market. Antitrust laws and all that.

[asa8] 27/11/2016 14:20

Afternoon all quick question for the experts out there why cant OPEC get the yanks on board as well to cut that would make a big difference surely?

[joelebeau] 27/11/2016 12:16

Premier seems to get a couple of mentions in this article!

[ny boy] 27/11/2016 09:13

The union of two losers Blair & Major is most sinister, has Major now become Blairs new poodle?

If no OPEC cut then stocks like these are finished. Markets will blow up after the Italian ref on dec 04 as the populists will win, I would't be long here, even if OPEC cut as dec 04 is the cliff edge moment and is more important.

[manics] 27/11/2016 08:59

Nothing wrong in getting involved with the farmyard -just ask David Cameron.

[leoneobull] 27/11/2016 08:55

Farage does

[marvin9] 26/11/2016 19:27

That's your opinion, others are entitled to theirs

[whiskeyinthejar] 26/11/2016 19:14

Oil isnt just about money. Its power, politics, security, revolution and so much more.

So just because you don't understand opec reasoning, doesn't mean that opec are 'goat shaggers'.

It's a sign of some intellectual laziness or mental weakness if you have to resort to racial slurs imo.

So there's a lot of politics here, not just money. Not least the Iranian presidential elections only 6 months away. Moderate Rouhani is exposed and his reform policies are at risk.

Can Rouhani risk being seen to concede anything to Saudi Arabia? I think they will need to spin opec deal as a win for Rouhani, but they can do that. He needs economic growth over next few months not a collapsed oil price.

So anyway, politics can get in the way.

For example, Russia,China, Europe and US are all big fans of the Iranian nuclear deal. Surely anyone rational would support it? Well Trump doesn't and he managed to successfully use it against Clinton in the election. My point is just because you successfully achieve an apparent win-win all round, doesn't mean your opponents cant make political capital out of it.

Anyway, Im not sure UK or US politics has anything to crow about. You might equally ask if Corbyn, Farage or May shag goats!

[marvin9] 26/11/2016 18:26

Oil prices held steady just below $50 per barrel at the end of the week, before falling back a bit as a result of bearish Saudi rhetoric. Iraq added momentum to the market in the lead up to the Vienna summit, agreeing to shoulder some of the burden for the cartel’s production cuts. After resisting for weeks, Iraq’s Prime Minister said that his country will participate. “Iraq will cut its output to preserve prices,” Al-Abadi told reporters in Baghdad on November 23. Iraq was one of the largest stumbling blocks to a deal, so things are looking pretty good for some sort of agreement next week. If they succeed, the deal would take effect in January.

OPEC by the numbers. To fall into the range that OPEC set out in Algiers – between 32.5 and 33.0 million barrels per day – OPEC will need to cut between 600,000 and 1.1 million barrels per day. Taking the midpoint, or about 900,000 barrels per day, would go a long way to erasing the global supply surplus.

However, Saudi Arabia is reportedly on board with an aggressive approach: Making cuts of 1.1 mb/d in order to take output down to 32.5 mb/d, plus asking Russia and other non-OPEC countries to contribute another 500,000 to 600,000 barrels per day in reductions. If that were to occur, the agreement could take 1.6 percent of global supplies off the market. OPEC has surprised and disappointed the oil markets many times in the past two years, so nothing should be taken for granted. But if a deal is signed, oil prices could rise substantially. A survey of analysts conducted by The Wall Street Journal finds that oil watchers think prices would rise to $55 per barrel if OPEC succeeds, but could fall to $40 per barrel or less if they don’t. Needless to say, the stakes are high.