Harbour Energy Share Discussion Threads

[andypop1] 09/3/2020 21:36

Cyan,
That's what I love about these boards, the never ending hope that this event or that event will be a springboard that elevates this to new highs despite the Coronavirus taking hold around the developed world, slowing demand while the supply side is set to go into overdrive.
Have you asked yourself why this and Rockhopper were hit so hard today?
Or why the bonds lost 20% and are now trading well below par?
The company faces a choice, issue up to 1.5b more shares into a depressed market veering away from dirty oil to buy ageing assets that are most likely operating at a loss or pay back the best part of $2b in just over a year with oil at sub $35.

The business model isn't working.

[[e-mail]] 09/3/2020 21:32

Let yourself down ANDYPOP. Maybe POPPING too much campers son.

[zoro9791] 09/3/2020 21:12

Past 10 years oil sector were making 4.9 billions a day.

[stansmith3] 09/3/2020 21:06

adgsorry, i have you on filterif your post was aimed at me, id suggest, re-evaluating your investment strategy with your spare time - lets face it, it needs it, rather than having pops at me

[zoro9791] 09/3/2020 20:48

Don't forget the IPO of Aramco. Saudis are covered. This will be a nasty game.Like I said hope I am wrong about this.

[cyan] 09/3/2020 20:36

An interesting link courtesy of a LSE PMO poster; a date for your diary.



Extract;

"The next several days will be crucial, as we hear statements from Saudi
and Russia, to see what kind of mating-dance they might be going through.
Another meeting of the Joint Technical Committee, that includes
representatives of Russia and Saudi, remains on the books for March 18."

[zoro9791] 09/3/2020 20:33

What I am more worry about that the Saudis and the Russians will try to bleed the US out by any cost.Dollar is oil nothing else. US has been printing dollars for decades.This could end up for the US and us for really badly.Hope I am wrong.

[adg] 09/3/2020 20:16

How the hell can you do the old “told you so” routine when the root cause of this meltdown has been the coronavirus epidemic?
Total utter pathetic muppet
You’ll be spouting next you purchased PMO at 10p this morning and sold at 30p..
Clown go do one
Andy you need to distance yourself from this muppet

[stansmith3] 09/3/2020 19:08

who was that guy that used to post ten times a day dissing tony? total spam fest?he was absolutely disregarded here by everyone (including me) - well it came to passdo come back and take your bow

[andypop1] 09/3/2020 18:37

Absolute carnage.
Will the business pay the ultimate price for big Tone's ego?

[up just a little bit] 09/3/2020 18:28

NHS England figures show that approximately 17000 people die each year of Flu.
COVID19 is expected to kill 350.

The herd mentality has cost thousands of jobs and will send hundreds of companies to the wall.

The press are the single most unscrupulous sector who are directly responsible for the current financial and medical rumour mill.. costing real people their livelihoods..

[datait] 09/3/2020 18:16

Trump will leave them to fight it out.

[datait] 09/3/2020 18:09

This has further to fall next circuit breaker to go in the US.

Doors closing on this now.

[husted] 09/3/2020 17:49

Rosneft have announced the biggest oil project anywhere. It's needed to replace production of some of the more mature Russian fields. Novak says Russian production will decline after 2021.

But Vostok needs $157 Billion to develop it.



I'm sure the break even is well north of current oil price. So Russia needs to get the oil price up to make the Artic projects viable and stop them losing market share over next decade .

[zoro9791] 09/3/2020 17:37

Of course it can. Also Russians can get back to table and negotiate.We don't know for sure.

[andymunchkin] 09/3/2020 17:32

NTV30 Jul '04 - 18:32 - 5 of 48214
0 0 0
had a go at £6 resistance point twice today
---------------------
postRamping meltdoon

[up just a little bit] 09/3/2020 17:12

It may shut down the shale but as soon as the price rises the shale producers will be up and running very quickly. So quick the bigger companies can't replicate the fast shut down and restart time frames

[sdavis] 09/3/2020 17:10

Maybe part of their strategy: get rid of some of the higher cost producers in the USA over the next 12 months and then they can raise the price.

[heialex1] 09/3/2020 17:03

I can't see the Russians coming back any time soon... it would make them look weak and that is something Putin can't tolerate... this will take time to work out, and there will be lots of company failures along the way...

[manics] 09/3/2020 16:46

All said and done at 26.21 on the extended UT.

[ny boy] 09/3/2020 16:30

Just a gamble for some,some were brave enough to buy earlier and closed for near double, good days work!

Not an investment, all the junior oilers with large debts will not survive as oil prices are set to stay low for the rest of the year. Just gamblers trading in and out but that is high risk, can easily fall into single digits after a few months.

[ak62] 09/3/2020 15:26

will finish around 29-30p today