HBR will join the FTSE 100 at the next quarterly reshuffle in December do not think that this will harm the share price. |
Brazil even if it stays 200p for ever mollie will be happy. As long as the company is good then that's all that matters.
I've invested in Aton Martin and they've gone up a lot just in 4 weeks. Shttt company mind you but share price is all that matters. |
Millie doesn't care about share price As long as the company is good. Me on the other hand share price is the most important thing. Followed by divi payments.
This bag of shttt will be sub 250p then 210p. Millie wil be happy
If it stays sub 200p for ever millie will be equally happy |
How's Chariot. Where you disclosed getting wiped out, best news in ages, made my day, another delusional trader gone bust |
 U.S. Energy Department Short on Cash to Refill SPR at Low Prices
The price of the U.S. WTI crude oil has finally stayed in the low $70s per barrel for a sustainable period of time, allowing the Biden Administration to ramp up the refill of the Strategic Petroleum Reserve (SPR), which it had said would do at prices of $79 a barrel or below.
WTI Crude is now at $70 per barrel as of Tuesday morning, after spending days below that threshold.
But the Energy Department has just $841 million left to buy crude for the SPR, Bloomberg reported on Tuesday, citing an estimate by ClearView Energy Partners, a consulting firm. That money would be enough to buy only around 12 million barrels of crude at today’s prices, per Bloomberg’s calculations.
This would be a drop in the ocean, considering that the SPR is only just over half full compared to its capacity of 700 million barrels.
DOE's Office of Petroleum Reserves has recently announced a call for bids to supply up to 1.5 million barrels of oil to the Bayou Choctaw site in January 2025. An additional solicitation will follow on August 12, 2024, for another 2 million barrels destined for the Bryan Mound site, also for delivery in January 2025.
The replenishment strategy comes in the wake of the SPR's critical role in stabilizing the market during global supply disruptions, notably the release of more than 180 million barrels of oil from the SPR starting in 2021, as gasoline prices remained high. The Department of Treasury claims that these releases, along with coordinated international efforts, helped reduce gasoline prices by up to 40 cents per gallon in 2022.
The SPR currently houses 375 million barrels of crude—a figure that is 263 million barrels less than oil in the SPR at the beginning of President Joe Biden’s term in office. The SPR, capable of storing as many as 714 million barrels of crude oil, is kept in underground salt caverns at four sites in Texas and Louisiana and was designed to protect the economy and American livelihoods during oil shortages.
By Charles Kenned for Oilprice.com |
lostit, I looked it up, and if my memory is correct, I think Brent has to average less than 72 USD for 2 consecutive quarters, and crucially, UK Gas has to average less than 58p for 2 consecutive quarters.
the 72USD and 58p are index linked starting in 2024 I think |
Sore loser?im happy with my investment m, ur the one moaning several times a day, pathetic |
Haha you're such a sore loser minicokshu.
Hbr late to the party. Has to rose at some point it was inevitable |
Always follow the money |
Ur a pathetic whinging poor excuse of a man |
Has anyone any clue as to how the floor on the Brent OP kicks in for the EPL not to count? |
Once again oil up
Oil shares up
BP up
Cairn up
Sqz up
Tlw up
Hbr down with excellent news. |
More good news = more share price decline |
Carlos Slim & Family have once again increased their stake in Harbour Energy, please see today’s HBR RNS for relating details! |
Oh great more great fantastic news. Sp decline.
More of that to come |
Harbour Energy expects consolidation to continue in Mexican offshore
Harbour Energy, Mexico's largest private oil company in terms of reserves, expects players in the Mexican upstream to join forces to develop the country's offshore oil and gas resources.
"There is going to be a very interesting strategic process here in Mexico," Gustavo Baquero, the company's managing director for Mexico, said on Thursday at an oil and gas conference organized by industry association Amexhi. "A process of consolidation is taking place."
While many major international oil companies have left Mexico, mid-sized players such as UK-based Harbour Energy have increased their presence in the country's offshore.
In Mexico's promising southeast basin in the Gulf of Mexico, companies will need to work together to develop their discoveries using tiebacks and shared infrastructure, Baquero said.
"There are some discoveries of significant size but there are other discoveries that will need to be connected to infrastructure that is yet to be built."
"Everything is still to be decided. There are companies that are leaving, there are opportunities for those who want to enter... we can't do it alone."
Alongside Harbour and national oil company Pemex, the main players in the basin include Eni, Repsol, Woodside, Houston-based Talos Energy and Carlos Slim's Grupo Carso.
Harbour is currently drilling in the Kan prospect in the southeast basin. It also holds a 32% stake in the large Zama discovery. In Repsol-operated block 29, where two deepwater discoveries have been made, Harbour holds a 25% stake.
Harbour Energy became a major operator in the Mexican upstream following the closure this month of its US$11.2bn acquisition of assets from Wintershall Dea. |
I said we'd finish thr week red.
CORRECT |
“UK’s second offshore exploration well for 2024 under way”
Drilling rig is on location for Gilderoy well
The UK North Sea's second exploration well for 2024 is about to begin drilling with the semi-submersible rig Paul B Loyd having arrived on location.
The owner of the rig, Dolphin Drilling, said the facility had successfully completed operations at Harbour Energy’s North West Seymour well, and had moved to the Gilderoy exploration well, also for Harbour.
Exploration drilling in the UK North Sea has plummeted in recent years. Only one exploration well has been drilled this year, on Shell’s Selene gas prospect. |
North Sea/Purely UK centered SQZ is still down ~44% just YTD and Circa 50% in the past 1 Year! |
Sqz a staggering 17%. Plus the share price rises too. Hbr will nose dive towards the end |
As long as they can afford the dividends, and the buy backs / acquisitions grow the dividend I'm not too fussed about the SP, just more opportunity to buy a solid business with an 8% yield at the moment |
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