Harbour Energy Share Discussion Threads

[onedb1] 17/10/2018 15:05

191 not 189 . No idea why that came out

[onedb1] 17/10/2018 15:04

Looks to me it's just normal Algo activity . On equities it's probably over 60% of activity and PMO is no different . I disagree with the other poster with his mega bearish target as I have Brent down to 74ish at best . And feel 110 is my entry point . Every day at around $75 average Pmo is earning around $2m . So whilst a retrace is probable I doubt this goes sub 200sma . Brent is heading passed $100 and my 2019 target set in Jan for 189 won't be far off in late q4 early q1 2019

[steve73] 17/10/2018 14:42

Don't be fooled by the low share numbers... they're nearly all "AT"s so are not necessarily retail investor. Most large orders get broken down into smaller chunks.. sometimes to optimize prices, and sometimes to disguise them.

Looks to me like they're fishing for stops. It'll probably bounce off 122.. or the SMA100.

[fitton] 17/10/2018 14:34

Over 1000 trades and just 2.7m shares traded down 4% not certain its just sellers.Thats a lot of private shareholders selling very small quanties of shares?

[onedb1] 17/10/2018 14:28

Not shorters Fitton just sellers . I have anticipated a retrace and explained the reason ie crude seasonality . If you take some time look at 10 - 20 and 50 day Brent to Pmo correlations or look at XLE and XOP charts all or many other ratios I could tell you to look at relative performance . Pmo is one of my great trades of the last 2 years much like Ferrexpo was at 70 sold the last tranche at almost 300 . There are retrace phases in every chart . Simply put

[legg96] 17/10/2018 14:09

Don`t wish for it. It would be a steal.

[fitton] 17/10/2018 14:01

I wish, but unlikely.Mind you if oil stays in the 80's it may not be out of the question

[legg96] 17/10/2018 13:56

Wouldn`t be surprised if there was a bid for the company. There is obviously a concerted effort underway to keep the share price down.

[fitton] 17/10/2018 13:35

Shorters at work here.No conceivable reason for downward presure.The scourge of the stock market and private shareholders

[mpclag] 17/10/2018 05:26

This is what you guys need to focus on-Futures above $70 until Dec 2021:


NOV 2021 NOV 2021
Show Price Chart
- - 70.06 - - - 0 No Limit / No Limit 18:11:07 CT
16 Oct 2018
DEC 2021 DEC 2021
Show Price Chart
- - 69.73 - - - 0 No Limit / No Limit 18:10:25 CT
16 Oct 2018
JAN 2022 JAN 2022
Show Price Chart
- - 69.46 - - - 0 No Limit / No Limit 18:11:23 CT
16 Oct 2018

[onedb1] 16/10/2018 22:00

API showed a draw . Goes against my seasonality model . I was expecting a build . Look longer term into late q4 and q1 2019 am very bullish Oil . I just felt we'd see a retrace in this phase . I hold PMO in large quantities and also have spread bets so if this climbs I add . I just felt that 146/147 hit the descending trendline from 2011 and felt crude was giving me bearish signals . Maybe 121.6 support level was the low I should have added the ones I sliced . we all know that it's tough to pin point a retrace in what I think is a secondary bullish trend since 2016 . That's all am saying . Not saying am right either . In fact bullish US data on earnings has delivered a strong session today . Which may give a good day for all sectors tomorrow in the Uk . I should just stick to 'only positive posts ' lol .

[s34icknote] 16/10/2018 21:47

Brent heading above 82 dollars Dow up 500 points !Sicknote

[chopyead] 16/10/2018 20:45

Your like a bad fart in the wind, orrible smell then its gone.

Sunday you topped up and was ramping, 2 days later your doom and gloom?

What went wrong?

[ggm5d] 16/10/2018 20:42

I'm with onedb1 on this, could drop a lot lower. People talked themselves into $100 oil when reality is Russia and Saudi's say they have plenty for everyone. America is awash with the stuff. For the pension fund it is great, just for near term it is a case of not risking too much and make sure you don't get stopped out etc etc.

[onedb1] 16/10/2018 16:13

I could be wrong. It's just a mild post to show that am not always a massive constant Bull but see retraces and call them out too . My targets have been set in Jan 2018 way before any broker . And i have a 2019 target that surpasses RBCs by quite a lot too

[onedb1] 16/10/2018 16:11

Jelenko you are right re Brent monthly and quarterlies . I post the same comment over and over . I just feel that Brent seasonality may play a factor and possibly push PMO temporarily a bit lower . Not trying to be right or deramp as many will know my bullish Pmo analysis since 2016 from the original iii . I just felt profit taking in the mid 140s came in correct on the 2011 trend line and at the moment my feeling for Wti and Brent for which Pmo is correlated may impactThe price

[jelenko] 16/10/2018 15:39

It's not so much the price of brent in any moment, more the weekly/monthly averages.
Over $80 and Catcher alone adds 56m pounds per month to PMO coffers. We don't need the spikes just a nice $80 average.

[jelenko] 16/10/2018 15:35

I think you're on your own there buddy!

[onedb1] 16/10/2018 15:25

I think that Brent risks going lower . I hold positions that are quite big so not talking lightly here but personally would like a quick retest of the 200sma. If Brent has a poor couple of weeks down to seasonality etc I'd love to buy more pre the mid Nov / Dec News flow . Now that would be nice. Let's see . Am long term very bullish but short term not so much

[fitton] 16/10/2018 12:21

So we have Barclays on £1.80 and RBC on £2.30 and its a struggle to get over £1.25 with oil at $80. Amazing!