Harbour Energy Share Discussion Threads

[onedb1] 26/3/2019 08:14

Very quiet here . Brent doing well in the $67s . The Daily price vagaries are the ones we comment most often but we all know it's the year average to date that is looking better each day . Shorts keep on reducing by the way

[steve73] 26/3/2019 03:07

SP held up pretty well yesterday. Bonds strengthened a little.

[adg] 24/3/2019 20:29

Rationalee
You maybe have an agenda here by evidence of your stressing of certain points...
You go short? Really distasteful if that’s the case - apologies in Advance if not
I seem to recall you are usually an ok poster so I don’t get the recent slant?

[onedb1] 24/3/2019 17:46

A lot depends also on breakeven levels . So as has been discussed below , ROI . Also to note is the revenue differentiation. A revenue mix is preferable We have been told breakeven is $45 but what I didn't calculate is if that is oil or gas or the blend . I should really do that calculation .

[hawkey2] 24/3/2019 14:32

What will this week bring ??

Well its brings the end of the financial year so its could be a good time for news.

People will wants things tidy so it could be time for the news of our North Sea assets.



As Zama 3 is due to spud in 1st week of April we may be Zama news.

hxxps://www.oedigital.com/news/462085-talos-comes-up-big-offshore-mexico.

It could be time for Sea Lion Finance expected soon.

hxxps://en.mercopress.com/2017/08/28/falklands-premier-oil-is-asking-for-export-funds-to-develop-sea-lion-reports-financial-times

Take your pick from below........Plenty going on.



I just feel really positive that we will get some good news this week and hopefully break £1.

Hawkey

[oilman888] 24/3/2019 11:39

The realised prices for the Indonesian gas in 2018 is about $11.2/Mscf. That's equivalent to $58.8/boe! Not bad at all.

Source:

[markymar] 24/3/2019 09:58

From conference call.....so to drill this year 3rd time lucky!"And the one asset not mentioned was Solan, but it's on here. We've contracted a rig to go back to Solan next year to drill a third production well. We believe the reserves are there, and the asset and the facilities are really performing very well these days."

[steve73] 24/3/2019 03:17

rats.. I agree that oil production is "usually" preferable to gas, but it all comes down to ROI (or ROCE)...which I'm sure is the metric PMO use to priorities their projects.

If my analysis of the 2018 FY results is correct (which of course it may not be), we got a higher $/boe for the Indo gas than we did for any of our oil. $70MM is a relatively small price to pay to keep that up.

Solan is a dead duck as far as I can see... I'd be reluctant to throw good money after bad. I've seen it happen often, where the guy who "promoted" a particular naff project just keeps pushing it and digs the hole deeper. I'm not convinced that they really understand the reservoir well enough to find a suitable 3rd well location. (TD was the one pushing Solan via his Flowstream connections, when O/P was over $100 - I was never convinced by Solan and only got interested in PMO again when Catcher was looking likely). IMO, it would be better to "sell" the spare capacity there for some 3rd party tie-in...

Re. tax - I have no idea.

[spacecake] 23/3/2019 11:30

OK, so it's been a bit windy lately no doubt that will change to not windy at some point just as well we have some gas generation then to step in for these times.

[prewar] 23/3/2019 10:52

Gas prices have been depressed in the UK as a result of high Lng imports and mild winter. Lng is largely a global market now and cargoes will go wherever it is cost effective to unload, there's a lot more spot cargoes than ever before. Very mild winter in south Asia has driven them to Europe. We'll have to see what happens next year but imo likely to be a one off.

[s34icknote] 22/3/2019 20:10

Goldman Sachs reducing !Sicknote

[rbonnier] 22/3/2019 17:04

Oil going sub 66 has someone Farted on Twitter ?

[nav_mike] 22/3/2019 16:13

So RBonnier has gone short again...no doubt he will be telling us "they are screaming in the pits' again - just like last time

[rbonnier] 22/3/2019 16:06

They were right to sell at 95 this could head back to the 70s again !

[lodgeview] 22/3/2019 15:42

The dog is tanking.

[onedb1] 22/3/2019 15:20

Not a bad thing IMO , RSI was very over bought and I wrote somewhere that we'd probably be heading toward resistance then retrace a bit . Once we refuel ( as profit takers have to take profits ) then we should retest what I make as resistance 100-104. Subject to where momentum indicators are ( ie not over bought ) and a decent volume then we should test and break out into a new range . Patience but ops and Brent are supportive . In Nov I wrote "seasonality turns positive first week of Feb and will stay so till Oct ' May is a little bit of a pause usually . Sell again In October . Won't always work but the 30 year oil seasonality chart is clear . Most recently last year it worked a treat

[s34icknote] 22/3/2019 13:56

Back to eighties !Roller coaster premier !Oil price decline not helping Sicknote

[johnwise] 22/3/2019 08:47

Looking ahead. A deficit in the oil market by the third quarter suggests Brent could rise to $75 per barrel, said Martijn Rats, a Morgan Stanley analyst, in a report published Tuesday. He estimates a supply deficit of half a million barrels a day by the second quarter, rising 60% to 0.8 MB/D by the third quarter. Meanwhile, oil demand is “solid,” says Rats.