Harbour Energy Share Discussion Threads

[marvin9] 28/11/2016 17:46

If this deal fails, then its last share holder who holds PMO please put the cat out....

[marvin9] 28/11/2016 17:39

OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.

OPEC experts started a meeting in Vienna on Monday morning and were due to make recommendations to their ministers on how exactly the Organization of the Petroleum Exporting Countries should reduce production when it meets on November 30.

Meanwhile, the Algerian and Venezuelan oil ministers were to travel to Moscow on Monday and Tuesday in a final attempt to persuade Russia to take part in cuts instead of merely freezing output, which has reached new highs in the past year.

In September, OPEC, which accounts for a third of global oil production, agreed to cap output at around 32.5-33.0 million barrels per day versus the current 33.64 million bpd to prop up oil prices, which have more than halved since mid-2014.

The meeting on Nov. 30 was expected to rubber-stamp that deal, with Russia and some other non-OPEC producers such as Azerbaijan and Kazakhstan also contributing.

But doubts emerged in recent weeks as OPEC's No.2 and 3 producers, Iraq and Iran, expressed reservations about the mechanics of output reductions and Saudi Arabia voiced concern about Russia's willingness to cut.

On Friday, OPEC canceled an experts meeting with non-OPEC producers scheduled for Nov. 28 after Saudi Arabia said the organization needed to sort out its differences first.

Over the weekend, Saudi Energy Minister Khalid al-Falih said oil markets would rebalance even without an output-limiting pact. He had previously said Riyadh was keen for a deal.

"Nobody knows"

Doubts about OPEC's ability to deliver promised cuts sent Brent crude down 2 percent initially on Monday to less than $47 a barrel. Prices later recovered to trade up 1 percent after Iraq's oil minister said he remained optimistic.
Some analysts including Morgan Stanley and Macquarie have said oil prices will correct sharply if OPEC fails to reach a deal, potentially going as low as $35 per barrel.

[olivert] 28/11/2016 17:10

Price of Oil now up to $47.38 (+2.9%)

[ny_boy] 28/11/2016 16:48

Ripe for a takeover!

[begorrah88] 28/11/2016 15:41

I can't see this getting back to the opening price

Far too tightly managed by the DMA shorters who may have set the dial at sub 53p today.

We could well have been smashed if Oil hadn't staged a rally

About time TD pushed the agenda forward as it is all still far too vague a timeframe as far as I'm concerned and I do believe PMO are effectively holding the door open for all the shorts that are climbing aboard.

[olivert] 28/11/2016 15:17

Interesting now showing 53.25p on the bid price!

[olivert] 28/11/2016 15:00

Hopefully market maker will reflect the absolute oil price movement in the share price!

Don't mind in end of Day or tomorrow's opening price...

[begorrah88] 28/11/2016 14:33

Usual games

Poo rises $1 and PMO share price goes nowhere - Poo drops 20 cents and the AT sells take the bid down again.

It's hard work being a PMO shareholder

[olivert] 28/11/2016 14:27

Between 1.33pm and 2.14pm the price of oil went up over 90 cents...

[olivert] 28/11/2016 14:23

Interesting PMO down 2.09% and crude now up 2.28% ......based on the difference... share price should be about 54.6p

[begorrah88] 28/11/2016 14:10

...and the shorters still crushing any rise

[olivert] 28/11/2016 14:04

Crude Oil closed last Friday at $46.06...now up 2% at $46.99...

[ny boy] 28/11/2016 13:30

Yawn..wake me up when this is above 55p

[ny boy] 28/11/2016 10:56

Bears will only start to close shorts If OPEC news is substantive and the price stays above 55p for a sustained period

[puzzler2] 28/11/2016 10:25

ate sand? - that sounds a bit grim!

[deanroberthunt] 28/11/2016 10:23

adg

before the west came along they ate sand lived in tents and shagged goats (tribal savages)....what do you expect!

[dov] 28/11/2016 10:20

well put I actually believe the hate and mistrust they have for each other consumes all.

[ny_boy] 28/11/2016 10:07

At this price, we are ripe for a takeover.

[lodgeview] 28/11/2016 09:39

Loaded up here. I expect OPEC to agree to freeze or cut and a refinancing arrangement to be agreed. This should see the share price soar from current oversold status.

[fireplace22] 28/11/2016 09:34

olivert, the delay has been caused by Saudi, Iraq and Russia and to a lesser extent Iran building their output as rapidly as possible so when they do eventually freeze or cut their outputs will still be at a much higher level than 6 months ago.

[olivert] 28/11/2016 09:23

What school of economics did opec go to?

Reduce oil production 4% and the prediction is tat the oil price goes to $55.

Current oil price $45.55.

That's a 20% increase for a 4% reduction.

Doh.

DYOR.