Harbour Energy Share Discussion Threads

[marvin9] 09/3/2017 02:52

How long would a shale rig go down on average for maintenance/repair?

IMHO

All this shale production is a ticking time bomb if you ask me.

With the ever-increasing rigs being brought on line, it’s only a matter of time before something disastrous occurs such as pollution issues, earth tremors, fish with 6 eyes, cows with 2 heads etc.

You never get owt for nowt and this cheap production method will have its downfall, it’s only a matter of time.

If something was to happen to slow down/stop these rigs, where would the oil price be due to lack of investment/search for traditional oil

Time will tell

[ua36] 09/3/2017 00:21

High volume again. Oil price tumble just in time for the annual results - perfect timing...

Premier still pushing ahead with developments hxxp://www.worldoil.com/news/2017/3/8/proserv-awarded-significant-subsea-control-system-contract-from-premier-oil

[tommy25] 08/3/2017 23:51

100% wil fall tomorrow. guarantee as night follows day.

[nbaki] 08/3/2017 23:46

This is 50 handle tmrw due to oil downturn

[glenkaz] 08/3/2017 23:20

ny boy sell her before the others! It will tank IMO!!

[paulbiya] 08/3/2017 22:15

onedb1 3UPHi shugg1e I think that historically around week 10 of the year the EIA reports a big build in crude - its seasonal The bit that surprised me though is that the market took no note of the BIG gasoline draw This is important as to make 1 barrel of gasoline I think about 2 barrels of crude are needed. So it leaves me with the view that the crude draw alone is not the answer . Strong dollar is probably not the answer either . I reckon that with so many hedge funds Long Oil , maybe this is a technical imbalance that has caused the slide. Once the short/long equilibrium is skewed too much to one side all it ever takes to cause quite a move is a divergence of opinion Not sure it will last though. Despite the drop I think that lack of capex is hardly mentioned and WTI at $50 in the US is not going to entice many, other than in the Permian basin, to invest. Least of all low oil does not make OPEC countries happy . As many have their internal governmental budgets linked to oil prices . Finally Premier as I showed mathematically a while back was uncorrelated with oil in Jan and Feb, in fact it was slightly negatively correlated - incredibly . Oil was going up as PMO was sliding in Jan and FebAt the moment its trading at a price similar to when Brent was at $45 and less !All due to this debt restructure .More View thread 2 Respond Login to Vote up Neighbourhood Watch

[paulbiya] 08/3/2017 21:56

Amazed you can afford a broker nyboy with your track record

[ny boy] 08/3/2017 21:01

Typical, oil collapse 5%, after my broker tells me to buy @60p, jeez, will just have to buy some more (HER), if these don't take off tomorrow.

[olieslim] 08/3/2017 20:40

Try this one.



It'll open your eyes, somewhat.

[marvin9] 08/3/2017 19:55

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 8.2 million bbl during the week ended Mar. 3 compared with the previous week’s total, according to the US Energy Information Administration’;s Petroleum Status Report.

At 528.4 million bbl, US crude inventories are above the upper limit of the average range for this time of year. Stockpiles have now risen in 9 consecutive weeks (OGJ Online, Mar. 1, 2017).
Analysts and traders surveyed by the Wall Street Journal expected a 1.7 million-bbl increase. The American Petroleum Institute’s preliminary estimate, meanwhile, indicated inventories jumped 11.6 million bbl.

EIA reported total motor gasoline inventories dropped 6.6 million bbl last week but are near the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased.

Distillate fuel inventories declined 2.7 million bbl but are near the upper limit of the average range for this time of year. Propane-propylene inventories fell 4.1 million bbl but are in the middle of the average range. Total commercial petroleum inventories fell 2.4 million bbl last week.

US crude refinery inputs during the week ended Mar. 3 averaged 15.5 million b/d, down 172,000 b/d from the previous week’s average. Refineries operated at 85.9% of their operable capacity.

Both gasoline production and distillate fuel production increased to 9.8 million b/d and 4.8 million b/d, respectively.

US crude imports averaged 8.2 million b/d, up 561,000 b/d from the previous week’s average. Over the last 4 weeks, crude imports averaged 7.9 million b/d, down 1.7% from the same 4-week period last year.
Total motor gasoline imports, including both finished gasoline and gasoline blending components, averaged 242,000 b/d. Distillate fuel imports averaged 266,000 b/d last week.


Have a sneaky feeling the YANKS boasts about increased output is nothing more than smoke and mirrors.

They are using and selling more from reserves to save on storage fees.

Oil will rebound mega at some point

[peterlowen] 08/3/2017 19:35

hxxp://www.worldoil.com/news/2017/3/8/proserv-awarded-significant-subsea-control-system-contract-for-premier-oil

[olieslim] 08/3/2017 19:14

PoO dropping of the charts. $53.34 atm.

UPDATE went through $53.
Nothing to do with oil, imo. The "record longs" are being chopped. And they had it coming.
Meanwhile, hope the update won't be too dull...

[paulbiya] 08/3/2017 19:06

Rogk. Usual pearl of wisdom. NOT

[marvin9] 08/3/2017 18:56

Oil Glut over within 6 months:

[glenkaz] 08/3/2017 18:32

Has poo mattered with pmo this month🤔 Na! If oil tanks we prob go up!! Lol! Blue again please! Gla!

[marvin9] 08/3/2017 18:26

Yet again we are hoping FL TD does his job for once and announces some good news... something seemingly very sparce since he came into the job.

[swerves1] 08/3/2017 18:22

Yes oil tanking now. So looks like the share price in for a hammering in the morning

[cielos] 08/3/2017 17:55

Will be interesting to see if any of the shorts reduced today ?

There was a couple of large trades that point to closing shorts

around 12:48

60.125
1,900,000

60.125
483,666

[anony mous] 08/3/2017 17:47

Ended in blue.Wtf. What's going on?Lol.Need much more blue really. Slowly...slowly £1

[glenkaz] 08/3/2017 17:14

Boooom! Well at least blue! Still £7k down lol! 😋

[steve73] 08/3/2017 16:48

Mike - ADVFN are showing 61.57 on 15.4MM.. Weighted Average to date is 62.9.

[dr biotech] 08/3/2017 16:42

I think my iPad is broken there is a funny blue colour next to pmo in my monitor. I bought more at 62... I know have too many of these but it seems that if we wait a few weeks it will be worthwhile. Not expecting much tomorrow, just an anodyne statement on the debt, and some slightly optimistic production forecasts.