Harbour Energy Share Discussion Threads

[investordave] 12/12/2016 11:19

Large sells all being soaked up. Big buyer in background?

[donald trumpton] 12/12/2016 10:51

"The impending Aramco IPO could be a reasonable explanation for Saudi’s eagerness in securing a mid-term recovery in oil prices. The value of Aramco will of course increase if Saudi Arabia manages to generate a sustainable momentum to help oil prices higher."

[mpclag] 12/12/2016 10:47

SUREPEC this time round I reckon. Dow futures up again. Why do I waste my time on the UK market!

[donald trumpton] 12/12/2016 10:41

Have you not heard of OPEC or NOPEC?

[mpclag] 12/12/2016 10:14

Traders in total control of thsi market

[mpclag] 12/12/2016 10:12

At last markets woken up

[mpclag] 12/12/2016 09:59

I really expected the ftse to motor today. Market very nervous due to Dow take off recenlty.

[mpclag] 12/12/2016 09:45

Grats NY. However I'm in it for a bit longer

[mreasygoing] 12/12/2016 09:44

Aww you're sweet. Lmao

[donald trumpton] 12/12/2016 09:42

Thanks NY Boy. Appreciate that.

[ny boy] 12/12/2016 09:39

mreg

For me,it makes no difference if this breaks 77p or not, happy to leave some for the next punter.

[mreasygoing] 12/12/2016 09:36

Looking forward to Nylon saying this is going bust. Let's have a game. ... When will his first new negative post be ?I say 10:30am

[mreasygoing] 12/12/2016 09:27

Looking forward to this breaking through 77p.

[ny boy] 12/12/2016 08:55

Closed at 77p, 50%+ profit, I am such a muppet, always know your entry and exit points.

[mpclag] 12/12/2016 08:21

i prefer a lower risk-hedge 90% and we make a decent profit. Unhedged, we could face bankruptcy.

[deanroberthunt] 12/12/2016 08:07

or maybe within the first 5 mins :) ...lol

[deanroberthunt] 12/12/2016 07:53

retest of 77p today...probably towards close.

[frontdoor bull] 12/12/2016 07:50

Poo is flying up, fasten yer seat belts!!!

[steve73] 12/12/2016 07:41

mpclag.. It's not as simple as that...

If too many producers sell too much forward oil it will flip the market from its current contango into backwardation (there are some signs that this is already happening).
IF (and it's a big IF) the (N)OPEC agreements do hold then I'd expect to see the OP increase a significant amount more than here, and I'd be somewhat aggrieved if we'd sold oil forward at $58 whilst the front month was selling at $65.

It's much more important (as producers) to be hedged in a falling market than a rising one. Currently I'd be expecting the airlines to be the most active with their hedging activities.

That said, I agree that it would make sense for SOME of our oil to be hedged. I would expect the FDs are striking the right balance.

[hearts1] 12/12/2016 07:37

I'd be surprised if haven't hedged at least 25% of 2017 be end of week.

[mpclag] 12/12/2016 07:22

can now lock in and hedge for whole of 2017 at $58. Hope the finance directors are busy!