Harbour Energy Share Discussion Threads

[glenkaz] 01/5/2017 11:42

Are we gonna get a bounce from bp 🙃

[glenkaz] 30/4/2017 13:33

Got a feeling we is in for a good week! Gla! 👍🏻

[steve73] 30/4/2017 12:51

Just noticed the Scott Spirit on its way to Solan.

Just about on time suggesting production is around 9-10 kbopd as recently reported.

[ua36] 30/4/2017 12:44

Easy for the country that cut zero as part of the deal to say that they'll continue.... cutting zero!

1) Opec doesn't continue cut - price tumbles and then the natural rebalance occurs over 12-24mths. Significant collateral damage in the oil business and confidence gone. Those with the lowest lifting costs survive and claim significant market share once the weakest are knocked out (i.e. how a market should really work, none of this artificial temporary restriction nonsense).


2) Opec continues cut until end of the year and supports prices. Problem I see then is, what do they do in 2018? They've supported prices (i.e. non-opec producers) who will increase their take of Opec's market share as they bring more to market (Shale 10mill barrels by end of year? North Sea must be adding a quarter of a million+ barrels by the end of the year too with Western Isles, Q204, Krakan, Catcher etc). Bringing back their cut production would just bring things back to oversupplied (even more so with others increasing) again. Then what?

Opec are in an extremely weak position at the moment. They either allow others to increase production on their $, losing market share potentially forever or they crash the price.....

[manics] 30/4/2017 08:07

Iranian Minister of Petroleum Bijan Zangeneh says Iran is ready to go along other OPEC and non-OPEC oil producers in continuation of an output cut plan major oil producers agreed in a push to prevent falling prices in oil market.

[leoneobull] 29/4/2017 15:13

SINGAPORE – Keppel Shipyard is preparing to deliver the FPSO for Premier Oil's Catcher field in the UK central North Sea to BW Offshore.The vessel will operate on the field for a fixed seven-year term with options to extend by up to 18 years of options.Keppel Shipyard's work scope includes installation and integration of topsides modules. The floater, named BW Catcher, is scheduled for sail-away in the next few months and should deliver first oil later this year.The BW Catcher has an oil storage capacity of 650,000 bbl and a processing capacity of 60,000 b/d. It has a design life of 20 years without dry docking and will be moored using a submerged turret production system in 90 m (295 ft) of water.04/28/2017

[glenkaz] 29/4/2017 14:47

Come on Pmo 🚀🚀

[peterlowen] 29/4/2017 14:14

hxxp://www.pennenergy.com/articles/offshore/2017/04/north-sea-catcher-floater-approaching-completion.html

[glenkaz] 29/4/2017 14:09

70' 👍🏻

[leoneobull] 29/4/2017 08:31

https://www.thetimes.co.uk/edition/business/higher-oil-price-primes-pump-for-rising-profits-5r33xnb6t

[leoneobull] 29/4/2017 08:06

Ft article ExxonMobil and Chevron benefit from oil price reboundOil majors beat analyst expectations but show lasting scars from crude's downturnBoth show improved earnings. PMO is the comeback kid

[glenkaz] 28/4/2017 17:10

Now mr poo rise!! Gla' f me a blue day! .... But not week!! 😁

[leoneobull] 28/4/2017 16:01

Somebody closing their shorts today. Large trades well above the ask

[glenkaz] 28/4/2017 14:43

I topped up yesterday and day before every time it dropped! 😁

[ua36] 28/4/2017 14:01

Timothy - I should say that I'm not completely closed to the idea that there's something else in the background forcing the share price down. It's all about trying to somehow evaluate that risk.

[glenkaz] 28/4/2017 14:00

This is 🐂💩 at its best! Gla! S

[timothyjones2010] 28/4/2017 13:59

Thanks UA. Patience I think, thank you

[ua36] 28/4/2017 13:55

Hi Begorrah - cheers had a look. I think (could well be wrong!!) that the live charts price is the CFD market vs. the physical priced market on investing.com.

Timothy - as far as I can see, the oil price started it's latest tumble on 11th April. Then oil was $56 and Premier was 66.5p. Oil down 8% and Premier down 7.5%. The problem is where Premier started that tumble from (aftermath of the VWAP fiasco) rather than the level of drop I think.

[patience a virtue] 28/4/2017 13:55

I have just assumed that PMO is suspended until the refinancing is sorted out in May, the share is likely to rise significantly following that if poo behaves. When it rises it will be fast leaving many missing the boat!

[timothyjones2010] 28/4/2017 13:45

UA your absolutely right, what I don't understand with a wobble in poo is why the AT take the share price low, but when poo rises, I would say today is a good average the share price doesn't go back to where it was before the drop. We have better news in the public domain now and I'm sure poo isn't far away but go back to end of march and the share price was better, not substantially granted. I'm beginning to think may 17th trading statement and AGM may be positive but the share price is not going much over 66/67 and the long waited rise isn't going to happen for a good long time. There has been some really good technical comments and the board and I'm sure from some experienced traders as well, but PMO is a real mistery

[steve73] 28/4/2017 13:44

I've updated the Brent chart in the header to July contract, as June expires today and has been only lightly traded for the last few days.

Still a bit of contango in the market with July about 0.3-0.4 above June for WTI, and July/Aug similar for Brent