Harbour Energy Share Discussion Threads

[fireplace22] 23/11/2018 14:48

Well at least if we're falling by 10% per day the agony will be short lived.

[fireplace22] 23/11/2018 14:40

and many producers don't get the full WTI price either.

[privileged] 23/11/2018 14:38

The $30 wti may be the marginal cost of production, not the fully loaded cost of exploration and capex etc. So new projects and investment may be much less likely at those sort of levels (I hope!)

[fireplace22] 23/11/2018 14:34

From a link posted on here the other day 75% of the growth in crude output to 2040 will come from the permian, this (the permian)is forecast to increase production by 1.5M barrels per day every year for the next 7 years - doesn't allow for much growth to come from elsewhere?

hxxps://www.resilience.org/stories/2018-11-19/peak-oil-review-19-november-2018/

[hoper2] 23/11/2018 14:29

Bloomberg says many US shale producers are profitable at WTI $30:

[hoper2] 23/11/2018 14:22

ONEDB1 - Bloomberg recently ran an article stating that much of US shale was break even at WTI $30.

[onedb1] 23/11/2018 14:15

Black Friday indeed . I thought my 99s were smart lol . Luckily so far my position rebuild is small size . But at the current major support level am tempted . I mean how can US shale be profitable at current WTi ? Also note How rig count is half what we had last crash . Time for a bargain ? RBC analyst must have had the worst timing ever 230p target and ever since oil had an insane drop

[fireplace22] 23/11/2018 14:03

Suadis say they will throttle back in December. Whatever that means in quantity?

[montyhedge] 23/11/2018 14:01

Oil at 1 year low, arabs pumping at record level.

[ny boy] 23/11/2018 13:59

Bit risky but collected a few just over 66p support, it may hold if oil holds around $50 a bl.

[patience a virtue] 23/11/2018 13:56

is this Black Friday sale? Switched some from Lloyds to this.

[robizm] 23/11/2018 13:47

What price is pmo cash flow positive? $50 dollars a barrell

[bigsi2] 23/11/2018 13:43

WTI down 6%

[john09] 23/11/2018 13:43

66p

Another 20p then fill your boots

[adg] 23/11/2018 13:42

fekkin Armageddon .... buy buy buy .....

[thelongandtheshortandthetall] 23/11/2018 13:32

oil moving down again :(

[deanroberthunt] 23/11/2018 13:32

that's $60 gone.

[cumnor] 23/11/2018 13:01

These kind of substantial corrections, on nothing but POO when operationally many of the companies are exceeding expectations, represent great opportunities for longs (with a medium time frame) to add or get back in once the panic subsides-which I expect it will soon. The question to ask yourself is: will Trump force SA to bow to his will, to the point where he destabilizes the country and regime so Iran is able to say 'we told you so' and Israel self destructs, or will Putin allow SA to undermine it's own fragile recovery-at a time when hostilities with the West are at boiling point? Traders and recently opened shorts as usual will be hurt by the expected fluctuations in PMO share price (it could go either way) but there is money to be made from panic, if you have it which most of the bullshi'''s on here don't, and can ride out the storm. ME on a knife edge at present and a few shots across the Straits of Hormuz (which might be no harm) could dramatically upset the apple cart for shorters.

[marunam2] 23/11/2018 12:55

I don't even think this is the correction, With so much credit and QE washing around and the US companies awash with tax cut money which is not re invested , there will be a reconing when the tariff's which are already kicking in will really take effect and have severe conequences for not only US and China, but Europe as well.

I will wait for the upturn and then when the signs point to it, will sit out in cash.
This reminds me of the start of last great blowout in 2008.


What's killing us all is the speed with which this is happening and I expect the same sometime next year , though even worse, ,because currently the Co' fundamentals don't justify this level of fall in the share price

Just goes to show Hedge funds and larger investors are no different to PI, in herd mentality and action.

[ny boy] 23/11/2018 12:36

hey lodge about time you looked at IMM again, a nice pull back from 21p to 13p!

Support here 66p, oil a bit volatile due to thin US markets over thanksgiving etc.

Should see a bottom soon before a decent leg up imo

[montyhedge] 23/11/2018 12:32

7 straight weeks of losses for oil, Premier holding quite well, for now.