Harbour Energy Share Discussion Threads

[adg] 10/7/2017 16:36

The greedyfekkers have really got their claws into oil this past few years and its being manipulated to unprecedented levels. I really hope that something totally blows POO out of the water and financially ruins the lot of them.

Messing with peoples futures, pensions, livelihoods (those in the industry) all via financial instruments that really shouldn't theoretically exist at all.

World has gone mad

[leoneobull] 10/7/2017 16:18

I cam now afford rice again

[dr biotech] 10/7/2017 11:21

Added a small top up of 5,294 about 10mins ago - not showing. Hoping it can't go much lower - which doesn't mean its going to go higher of course....

[begorrah88] 10/7/2017 10:54

Only if you can be confident that the share price will bounce back up.

I thought of doing that at various stopping points on the journey down. 70p,60p,50p etc

I am nowhere near sharp/lucky enough to guess right more than 50% of the time so it would be just gambling and then once stamp duty and dealing costs enter the equation you need confidence of a significant rise and I don't have that confidence.

[prewar] 10/7/2017 10:32

Apologies begorrah can't remember asking recently.

If the market is rigged against long holders (me included) then surely you should be using your insight to sell and buy back cheaper, value bet surely?

[bakedbean57] 10/7/2017 10:06

See the same corrupt activities are ongoing just masked to another level, this gives me even more reason to believe that original thoughts and discussion with FCA correct. Keep the pressure on !

[begorrah88] 10/7/2017 09:32

prewar

Still no, same as last time you asked.

Leo

My point about the 'unknown' trades is evidenced this morning.

9.23am the bid is 46.75p

Then 5 AT 'unknown' trades at 46.75p at the end of which the bid is back to 46.5p

Clear as day that they were sells and took all the 46.75p off the bid so why put them in a column saying '?'

I think it followed an enquiry from the regulator, in response to people such as me querying the huge volume of AT sells and so few AT buys, that the likes of ADVFN have muddied the waters so that the continuing 'management' of the book is less evident.

[prewar] 10/7/2017 08:52

Begorrah, do you not think you'd be best off selling out of any PMO holding you have?

[begorrah88] 10/7/2017 08:45

BTW - POO is now where it was when we closed on Friday yet PMO 2.5% down

POO is masking the continuing shorting of PMO. TD better not have some more poor Solan news etc

[begorrah88] 10/7/2017 08:43

Dear me, the walk straight down continues.

PMO worst performer of TLW, ENQ, RKH etc yet again regardless of what Leo/PaulBiys/Branson tries to convince people.

[begorrah88] 10/7/2017 08:38

Shorts declared over 5% rising again

[begorrah88] 08/7/2017 13:04

LeoFor a trade to be matched it has to be matched with an available trade in the opposite direction. This is how the order book works. The order book displays what is available to trade. You can go on the book via DMA. Your intended trade then appears on the order book. That is how the system matches the trade.On a fast moving stock buy/sell trades can be misread but it is as good an indicator as the market is able to provide.My contention is that the trades that have now moved to the 'unknown' column are equally as clear to see as those attributed as buys or sells currently. They are predominately sells as you can see by watching the shapes on L2.Your point about POO & PMO correlation is a massive generalisation.

[dr biotech] 08/7/2017 12:47

I always wonder what makes an expert, and what makes someone clueless idiot trying to influence a price. Still would be nice for the price to go up.

[leoneobull] 08/7/2017 07:57

Thanks Thunder LSE

Current AssessmentFri 23:03My current view:

There is a hell of a lot of media spin out there at the moment, in what is a very volatile oil market. Reading the news the last few months, the headline makers write whatever fits the pattern in retrospective fashion as though they can, or did, somehow predict the virtually random short term price fluctuations in oil. It's all noise for the most part! Something those that earn commission from volumes will always encourage to the detriment of the private investor.

The biggest real news I took from this week was in data - both API and EIA reported vast draws, something that months ago we fully anticipated would be a supportive indicator of market rebalancing. Offshore storage has been drawn steadily down and US strategic reserves are coming down, yet the media has conveniently found ways to someone paint this as a negative. Abstract snippets about new supply here and there fails to accurately gauge the impact on a supply demand equation that is a whole lot more sophisticated than these media outlets have you believe.

I accept that the speed and agility of the shale rigs to come back online has been somewhat surprising, but a lot of headlines have been sensationalised and totally ignored the fact that the low cost wells are drilled first, and margins come under pressure once capacity reaches a certain point - evidenced by the decline in new rig increase rates. Additionally, there are poor earnings even in the Shale industry at these prices - so don't be fooled into thinking these prices are here to stay.

The question I recently asked myself was, do I expect the likes of PMO to be able to ride out this 'noise' for one to two years at the current prices. I feel that with the refinancing virtually done, solid cash reserves, somewhat relaxed covenants and good free cashflow there is sufficient resilience here to warrant investment on the belief that rebalancing will happen in that time frame and the price will correct accordingely.

I therefore recently bought back here and in Tullow. With Saudi looking to float Aramco, political risk and strong economic growth I think downside on POO is capped at low 40's. I don't see that price crippling this producer.

Buying PMO in a range of 40-60p with a 1 -2 year hold and I think is a sound investment. Just avoid the hype in the news each day, else the itchy trigger finger will line the pockets of those brokers even more! As an investment, this company has great potential.

Disclaimer: This article reflects only my opinions and observations, each should make their own investment decisions.

[leoneobull] 08/7/2017 07:50

Has anybody noticed that when POO goes up PMO goes up? and when vice versa, PMO goes down? It appears to be closely correlated to POO which for an oil & has company with heavy debt isn't a surprise.
What is a surprise is the mkt's reaction to the EIA draw. BUT this week there are some pretty big macro headlines which may explain. EV is going to be huge. Tesla's new model first production, Volvo planning to go to all EV / hybrid by 2019 France is planning to ban diesel and petrol cars by 2040 etc. They reckon this will take 8m off demand.
But still irrational reaction to rig count no's. Permian is gr8 hope of US producers. was minus 1 last week. Decline rates in shale TWICE those of conventional. So big increase in rigs but av. production is falling already so you need a lot more rigs just to stand still on production no's.

[leoneobull] 08/7/2017 07:43

Beg i) have you ever traded directly on the orderbook? No, since you would otherwise understand that the buy/ sell volume on ADVFN and LSE is misleading and a waste of time even following....

Example - PMO bid–offer spread is 0.25p or 0.5p depending on point in day. Let's say 47.75p 48 p to make simple. Trading directly on the LSE using DMA I set a buy price at the retail investor sell price (47.75) and i execute. You and Mike NAV see the trade at 47.75p and assume a sell. Well, no it is a matched trade fellas.

Have a good w/e

[carla1] 07/7/2017 23:02

Usual employed suspects knocking the share x

[asa8] 07/7/2017 21:10

The shortens will see this to zero at this rate thanks Tony

[mreasygoing] 07/7/2017 16:45

Don't you just love the way the market has totally ignored the EIA figures. It's a big tell that the bears are overexposed. Sentiment across the sector will turn on a sixpence. I've been buying here below 50p and ENQ in the low 30's.

[fireplace22] 07/7/2017 16:34

Wouldn't do OPEC much good either.