Harbour Energy Share Discussion Threads

[paulbiya] 12/12/2016 06:16

56.74 us . I feel sorry for greedy little shorting opportunists such as ROGK and sleveen

[mpclag] 12/12/2016 06:04

future will all depend on hedging policy of the oilers

[ny boy] 11/12/2016 23:50

15% rise expected tomorrow, if shorts start to close and new buyers rush in, maybe you get 88/90p a toxic 30% rise but doubt that much. Still I'd me more than happy to bank up there, if the market allows me to.

[ny boy] 11/12/2016 23:26

Crude +5% is supportive, could be a blow off top off this rally, equities are getting into over stretched valuations, watch out for the key reversal day but for now I see these aiming for a max of 77p over the next day or two. I will start to close a number of equity positions once the Dow closes in near 20k load up more into cash ready to buy the correction in the new year.

The future of PMO is whether oil can stay over $50 or start to fade and the outcome of the debt talks.

[nav_mike] 11/12/2016 23:24

IG showing Brent at around $57.50

[chutes01] 11/12/2016 23:18

up in the morning, big time

[bakedbean57] 11/12/2016 23:02

Oil is out the traps!

[ny boy] 11/12/2016 22:27

Some of you sound like they only believe stocks will rise, that I am afraid will clean you out, what are you going to do when the trump bump ends, equities generally are starting to look very toppy and likely to correct sharply, will you still only go long stocks?

Pros traders go long or short,depending on market conditions, you can make money both ways you know lol!

[mreasygoing] 11/12/2016 22:16

No, Nylon wants to sound like a guru now he finally realises that the trend is UP.

[frontdoor bull] 11/12/2016 21:58

He should be closing his gob instead of his long.


LOL

[mreasygoing] 11/12/2016 21:56

He'll be spouting doom at 77p. He's too funny for words.

[ny boy] 11/12/2016 21:51

No one know if they are right or wrong. OPEC if they carry out what has been agreed will be supportive but you always have to be concerned about the £2bl + debt, which will likely keep any rise checked unless news flow improves. I doubt in the short term these will go higher than 77p or at a push around 92p if these levels prove difficult to break through, I will close my long from 50p, as it will provide me with a healthy return for the risk.

[chutes01] 11/12/2016 21:35

surely no-one short at this juncture ? we would see a considerable bear squeeze.

Solan prod will improve in time, a recovering oil price and Catcher on line in time with wells as guidance will be the driver back to 300p

[paulbiya] 11/12/2016 21:31

Ny boy. So basically our analysis was correct and you have now reversed your position. Would be great if you could explicitly acknowledge you were wrong, and that PMO could offer the value investor opportunity of a lifetime?

[bakedbean57] 11/12/2016 21:14

Would say a shorter right now is just as desperate....

[ny boy] 11/12/2016 21:14

At least the weak pound continues to be supportive .....

A weaker pound may help Premier cut the cost of its major Catcher project in the North Sea, due to produce first oil in October next year. The expense of developing Catcher was originally set at a rate of $1.60 to the pound. That’s been lowered to $1.31, representing about $100 million of savings on the project, Durrant said.

About half of Premier’s global operating and capital-expenditure costs are denominated in pounds, according to the CEO.

“The amount of sterling-denominated costs at Premier Oil is higher than we thought,” said Stephane Foucaud, an analyst at FirstEnergy Capital LLP in London. “Premier Oil should be able to save around $40 million in the second half,” based on an exchange rate of $1.30 per pound, he said. “That’s not bad for a company with a market capitalization just under $500 million.”

[donald trumpton] 11/12/2016 20:41

The relief rally has brought so much relief, I think they want it to bring much more!

Only investors in companies like Premier Oil, know how desperate the industry is to balance it's books.

..and it's a world wide thing.

[deanroberthunt] 11/12/2016 18:46

Saudi Arabia signaled it’s ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several non-other OPEC countries pledged to curb output next year.

[leoneobull] 11/12/2016 17:11

Chutes does that mean you think p2 problems will be sorted?

[deanroberthunt] 11/12/2016 17:10

big squeeze tomorrow, could see $60 oil

[chutes01] 11/12/2016 12:36

Solan tank needs pumped out
1 well closed for reservoir performance
Tom will be interesting

[mpclag] 11/12/2016 12:17

sea lion go ahead almost guaranteed now. POO will continue to rally. next stop $60 then I reckon range bound between $60-$70. That will do just nice.