Harbour Energy Share Discussion Threads

[frightened city] 17/11/2016 08:50

From Citi's review:
Both production wells are now tied in at Premier’s Solan development however production is currently limited to 10-13kbbl/d due to water injection issues hampering P2 well production.

When I first said this would happen some months ago, I was berated as a 'shorter'. No, I just know what I am talking about.
So here's a bit more: I suggest "water injection issues" is code for "we don't understand how the reservoir works"!

[binarypilot] 17/11/2016 08:46

that debt. :O

[deanroberthunt] 17/11/2016 08:45

Leon

the crux of the problem is that at $45 oil without hedging, they are increasing debt to produce more oil, that they will be making a loss on....negative cashflow....that's not good economics...

US Crude Inventories are still ballooning as of last report yesterday.

[begorrah88] 17/11/2016 08:44

I can't see that there was enough in the TU to stop the shorters. If anything a door has been left open for the immediate future as the reneg's don't appear to have any urgency.

Not what I wanted

[leoneobull] 17/11/2016 08:39

"Despite all the cost improvements and higher than anticipated oil production, the debt remains at $2.8bn".

Sleveen - a) your previous posts show you are short and b) of course debt is not coming down they are investing hugely in CATCHER.....2000 people constructing the FPSO

[deanroberthunt] 17/11/2016 08:22

+ all their hedges roll off in just over a month, they are really exposed in 2017 onwards with a depressed POO

[sleveen] 17/11/2016 08:15

Despite all the cost improvements and higher than anticipated oil production, the debt remains at $2.8b.

[ny boy] 17/11/2016 08:11

To infinity and beyond say the bulls lol

Not another dead cat bounce..This can only move up if oil goes up over the next year, which seems unlikely.

[manics] 17/11/2016 08:04

David Buik ‏@truemagic68 16m16 minutes ago
FTSE unch - opening call - Atkins +1-2%, close bros +3%, crh up 1-2%, enquest -5%, premier oil -2%,RMG +1-2%, qq’s up 2%, virgin money -5%

He's usually pretty good. Worth a follow imo!

[manics] 17/11/2016 08:02

My City contact on Twitter! Glad he was wrong or typo'd (I'm going with typo'd).

[paulbiya] 17/11/2016 07:59

Manics. By whom?God of wishful thinking

[manics] 17/11/2016 07:55

Being called down 2% at open ¯_(ツ)_/¯

[nav_mike] 17/11/2016 07:54

Could go either way for a while imho...nothing bad in there and a lot to be bullish about, however the shorts may think they have a bit more time to play their stupid games.

[glenkaz] 17/11/2016 07:49

Looks like big rally today! Be nice if poo 💩 Not that! Lol bounced to! Gla! 🤒

[paulbiya] 17/11/2016 07:43

Feel sorry for those short here. Listen to well researched posters

[dice1950] 17/11/2016 07:35

finance sorted 2021 get a life trumpet

[deanroberthunt] 17/11/2016 07:34

the report is benign, neither bullish nor bearish, tbh it doesn't reveal anything we didn't already know....