Harbour Energy Share Discussion Threads

[manics] 05/5/2017 08:28

Fifty four pence this morning, Tony. Fifty. Four. Pence.

[leoneobull] 05/5/2017 07:34

I'd like to see a sharp move in PoO down to $41pb WTI and then see how the market trades it. OPEC compliance is at historic highs. Cuts are now 5 months in and due to be extended... we are led to believe. Oil tanker floating storage at lows. The list goes on. I mentioned a while back that the market has a small window of opportunity and they are certainly filling it! Roll on next week. I think PoO will be be back where it was two / 3 weeks ago in a matter of days and no one blinks an eye lid.

[leoneobull] 05/5/2017 07:34

Post from iiiThe market wants you to think about $42 otherwise $45pb becomes bottom. The truth is, there is no basis for PoO to be $42pb against 95% OPEC compliance. The 5 months worth of cuts have wiped away all the floating tanker storage. Traders no longer have that in their pocket. The data via EIA is now delivering draws. The last 3 weeks have seen draws. The weeks ahead will see Draws. There are just too many reasons for PoO to be above $50pb and just a small amount of near term pressure that justifies $45pb or even $42pb. But what's next? What happens if or when PoO hits $42pb? It's got no reason to go lower unless OPEC and nn OPEC cannot strike a deal in 3 weeks time. So near term pressure should turn to longer term relief. The market has been doing these wild swings for the last 2 years now and it's proving to be very profitable for many involved. How many times can PoO head up to $57pb and back to $47pb? As many times as the market likes is the answer. Why? Because the data on the rebalance is still very much unknown

[deanroberthunt] 05/5/2017 07:32

that's your perogative

[investordave] 05/5/2017 07:24

There is some rubbish spouted on this board. It's barely worth bothering with any more.

[deanroberthunt] 05/5/2017 06:58

Do
A deer, a female deer
Re
A drop of golden sun
Mi
A name I call myself
Fa
A long long way to run
So
A needle pulling thread
La
A note to follow so
Te
A drink with jam and bread
That will bring us back to do

[deanroberthunt] 05/5/2017 06:50

emotion is the enemy adg, use logic instead....also, deal with facts not hope

Let he who is without sin cast the first stone.
but I forgive you because you know not what you do

[deanroberthunt] 05/5/2017 06:49

HOLY SMOLY BRENT $47.....When will this ever end!

[leoneobull] 04/5/2017 22:13

Malcys blogOil priceSo, the story goes like this, the momentum of the market is downwards it is only going one way, how do we know that? Well in recent weeks while crude stocks were falling and product stocks building, (ahem, the driving season is just around the corner and following maintenance, refinery rates are up, drawing more crude and building gasoline inventory) analysts didnt like those product builds and got bored. Yesterday they were even more baffled, the EIA stats showed a draw in crude of 930/- against predictions of 2.3m and gasoline added only 200/- vs a guess of +1.3m, result total confusion, oil was marked up but today they are having second thoughts, roll on 24/25th of May...Long term it is a very different picture.

[leoneobull] 04/5/2017 22:12

Volsung. There were many trolls who said that before the last opec meeting. And we doubled in six weeks

[glenkaz] 04/5/2017 20:01

Its all poo! Goes up we go up! Goes down my buy in sucks! Sell and die! Buy and die! Hold and loose! Hold and win! Red or black simple 😁