Harbour Energy Share Discussion Threads

[mercer95] 22/4/2018 08:03

Marvin, you’re working for me next week so don’t be late, I need the price down so I can buy back in.

[prewar] 22/4/2018 07:32

Everyone's got deano filtered surely?

[badger60] 22/4/2018 05:34

I thought I'd ask you Marge.....'cos you know much more about PMO than Durrant does.

[badger60] 21/4/2018 17:24

Well said Marge and I have to agree with you that 200pps is well on the cards..... What's your timeframe??Durrant Durrant Durrant Durrant.

[deanroberthunt] 21/4/2018 16:08

when the news changes change with it....and I did...Oil is the sector to be in now, fo' sure

[leoneobull] 21/4/2018 14:46

That is funny Dean cause you spent 18 mths dissing pmo

[deanroberthunt] 21/4/2018 14:03

personally, I'm pouring every spare penny into this, AMER, SDX, HUR...

Eric Nuttall's Top Picks: April 17, 2018

MARKET OUTLOOK

Oil is in a multi-year-long bull market and WTI is likely to trade over $70 a barrel in 2019 and over $80 in 2020. The “oil glut” has disappeared, with OECD oil inventories falling by the fastest pace in history (334 million barrel surplus in January 2017 to a 20 million barrel deficit in March 2018), indicating an undersupplied market. With oil demand growth of about 1.8 million barrels per day this year and OPEC’s continued strong compliance to its production cut, we see inventories continuing to fall and reaching a 10-year low by year-end.

Looking to 2019 and beyond, even with the full amount of OPEC shut-in production returning to the market, we see inventories continuing to fall in the coming years with spending, labour, equipment and pipeline constraints on U.S. production and non-U.S., non-OPEC production about to enter into a multi-year decline. Eventually the oil price will have to rise high enough to rationalize demand in order to find balance, as the four to six-year lead time on large-scale mega projects prevents the industry from reacting quickly enough to any price spike or supply interruption. While the U.S. is good, it isn't good enough to meet global demand growth and offset the impact of non-U.S., non-OPEC production declines, with OPEC having limited ability to grow for the next several years due to underinvestment.

While sentiment remains close to all-time historic lows, there are signs of optimism emerging. The energy market has begun to outperform the broader market even on days when oil is down. Strategists are upgrading the sector and corporate M&A has begun. We see the potential to make over 100 per cent on many situations. The risk versus reward in the energy sector has never been better in my 15-year career

[mercer95] 21/4/2018 09:55

I couldn’t help myself, 3 months sitting on a major loss, still be there if I hadn’t averaged down 3 times, scary stuff, I don’t recommend it, I had way too much exposure here to be comfortable, my fault for getting involved in a battle of wits with the marv,anyway, I can’t sit on cash,the bulk of my PMO money went into Centrica on Friday.

[deanroberthunt] 21/4/2018 09:32

if you wait much longer you'll be paying well over a quid, Catcher full ramp up is likely next week...then it's trading and operations update 16th May, expect that to be epic...with Oil having averaged near $70 in 2018

[mercer95] 21/4/2018 09:07

I’m not expecting a big drop to be honest Benchmark,PMO is a good company, excellent prospects,I haven’t got a price in mind, see how next week plays out.

[benchmark] 21/4/2018 08:52

Mercer85 - At what price do you think you can get back in? Taking commission and stamp costs into account you must be expecting quite a drop in the sp

[oilretire] 20/4/2018 21:29

I rest my case :-)

[seroserio] 20/4/2018 20:31

Mercer95
20 Apr '18 - 10:34 - 87 of 87 (Filtered)

[marvin9] 20/4/2018 20:03

Well done Mercer, really pleased for you petal, live long and prosper.
Dilly Dilly

[mercer95] 20/4/2018 18:54

I’ll be back marv,it took around 3 months sitting on a loss & 3 buys to average down my original 195p entry point,just before the Dow went mental but I got out with a reasonable profit DILLY DILLY LOL