Harbour Energy Share Discussion Threads

[whiskeyinthejar] 23/1/2019 15:53

Futures market is lagging physical market again. The physical oil market is tightening.

Futures market is in contango, but physical Brent market is in backwardation.

Another thread:

[robizm] 23/1/2019 15:44

When is Zama news due? Good news and it might go up by a penny but bad news and they will drop it big time

[whiskeyinthejar] 23/1/2019 15:22

Comment from Schlumberger who are the world’s largest oilfield services company, Alhajji writes oily stuff for FT amongst others:

Anas Alhajji @anasalhajji
A MUST read about shale activities in 2019-2021 as viewed by Schlumberger:
54% of total capex to offset decline in 2018. This percentage will go up to 75%!
Do #IEA, #EIA, and #OPEC see this?

Thread :

[lodgeview] 23/1/2019 15:11

Losing my shirt here guys.

[onedb1] 23/1/2019 14:16

Marvin voted me down lol

[onedb1] 23/1/2019 13:40

That was indeed funny . As banter on bbs goes

[lageraemia] 23/1/2019 13:16

That's actually pretty funny guys!! Excellent bantz

[onedb1] 23/1/2019 12:45

Oil up at $62 , Pmo continuing to make free cash flow . Minimum 17$ on the unhedged and 25$ on the hedged . Now that is what is happening today !! Free Cash Flow

[onedb1] 23/1/2019 12:42

Continuing ? Lol . They returned to just above where they were on the 10th of Jan . Hardly an issue and probably balancing some other position trying to stay market neutral on some basket they must hold . Funny as when they started buying I didn't see any impact yet a fraction of a percent causes concern lol .

[ammu12] 23/1/2019 12:25

Brent 62 and pmo down?

[maximus57] 23/1/2019 11:36

Goldman continuing to reduce they must know something and its not about electric cars!!!

[onedb1] 23/1/2019 10:51

You are right jelenko. EIA has growth demand slowing to 1.4m barrels extra a day this year but it's still 1.4m more a day expected than last year . Yup 1.8m would have been better but demand is still growing as depletion rates too . To consistently make up for natural depletion ( which is high for shale ) there needs to be continuous investment in capex which we have all seen decrease overall dramatically . Then they need to increase production to cater for the extra 1.4m a day .. Oil is going higher much higher in my view and Shale will peak in the Permian . If anything they can't move it easily as the infrastructure is limiting . Once the easy pickings are all gathered they will need higher oil prices for deep wells to have a justifiable IRR . We see rates decline for PMO and it's the same across the industry so at some point we'll have much higher Brent prices .

[eodfire] 23/1/2019 08:50

I'm all for a cleaner environment and alternatives to oil but if it's going to take time I'm happy to make some money from the black gold. Unfortunately oil will still be king for a while yet.

[steve73] 23/1/2019 08:31

Worldwide new battery vehicles are estimated to make up less than 1.5% of all new vehicles sold in 2019, or just 0.35% of all vehicles (1.6Bn) in use(registered).

By 2030, 11% of new vehicles will be BEV, with 3.7% of all vehicles in use (2.3Bn).

From around 2035-40 the global number of ICE vehicles in use are expected to peak at around 2.5Bn, with c. 400MM BEVs (14%), although new BEVs expected to be c. 35-40% of all new vehicles.

I don't think we will have too much to worry about until then...

[jelenko] 23/1/2019 08:21

Makes me laugh when the press create drama over "slowing Growth" because in actual consumption terms 6% growth this year equates to 6.3% on the previous years volume.
China's actual demand is growing year on year so is India's. The percentages are very misleading. growth is growth full stop.

[adg] 23/1/2019 07:58

What planet you on ? “Windylicker planet” I guess!
Oil demand is increasing by 1.5 mboe/day year on year - this year it reached the 100 mark!
Population growing, China growth slowing but still 6%, other once 3rd world countries average wealth increasing hence demand for oil derived products...
Car fuel is a modest component of the whole oil usage... you seen a solar powered passenger or freight airline, seen a solar powered supertanker or cargo boat...
Fekkin eejit
Better go get your readybreck and coco pops and skip off to nursery you plonker

[professor pettigrew] 23/1/2019 07:54

Well, just to contradict all that, the important bit of the Saudi oil minister interview was "China's demand for oil was at a record high in 2018, and demand is expected to grow by another 1-2m barrels per day this year".

Granted, China has announced a slowdown, but it's odds-on central banks won't allow a repeat of 2007-8 all over again.

Interest rates will be slashed to zero again, and money will be pumped into world economy.

The BP head yesterday admitted that demand will grow for at least another 30 years.

That'll see most of us out here.

[onedb1] 23/1/2019 07:25

I tend to agree. If you also have market profile you'll note PMO is at the point of control . Thinking that around 90p is being indicated as target . Let's see but the 70-72 level is clearly the most traded . I feel ZAMA news is underestimated as the probable reserves added would make PMO look very cheap at current price

[datait] 23/1/2019 07:25

Oil will always be in demand but at a far lesser price than today.

I think a year or two if we are lucky it will be a different story.

[datait] 23/1/2019 07:23

Larger oil companies are trying to stay ahead of the game by investing in the alternatives.

[datait] 23/1/2019 07:22

More and more oil found by the day and electric cars growing by the day. Oil demand is dropping big time and it won't be long before we see the effects. Why do you think the oil is being sold off to smaller company's of the North sea.

[stansmith3] 23/1/2019 07:10

I too think poo going higher, but saying very solid is stretching it with all the moving parts involved - just look at the last six months, saudi embassy murder, iran waivers, trump, shale growing at 2m per year - still waiting on treadmill / lower poo to take effect, world economy slowing, the list goes on...did i say trump....lol