Harbour Energy Share Discussion Threads

[timothyjones2010] 25/5/2017 19:10

Poo is down 4% - hopefully it will come back up otherwise PMO share price will drop. All other oil companies share price down so at least it's not just PMO It's all about the OPEC detail tomorrow and I think poo will steadily come back.

[leoneobull] 25/5/2017 18:09

It will bounce back tomorrow. Mkt needs to appreciate that a 9 month cut will actually be a cut this time. this gives pmo what we need 50 to 60 us for 9 months with catcher the cash cow producing like a tomato on fertiliser

[manics] 25/5/2017 18:01

They extend and POO craters. Traders wanted a longer extension seemingly.

[frontdoor bull] 25/5/2017 16:07

Opec extends oil production cuts

[steve73] 25/5/2017 04:18

A nice finish to yesterday - even as the OP was weakening (perhaps as a last desperate attempt to convince OPEC to continue with their plan), so it does look like the shorters here are starting to get worried.

With the late US trading yesterday recovering the OP very swiftly we may see further encouraging moves for PMO, although early Asian oil trading is depressing the OP again....

If the effect of the last OPEC agreement is anything to go by we'll end up well over 70p by the CoB today.

IMO of course, with NAI.

[ball deap] 24/5/2017 21:33

What the hell are some of you guys talking about !!

I will say to you now that this is no place for short trades (not that i've found the instrument to do so anyway) . This is heading for a fresh bull run and those with any brains will already have worked out why !!! those who havent keep wondering !!!

My Illuminati contact has given me this one and it will be a killer from here on, there are those that shepherd and those that prey off the sheep, I am the former !! I am willing to pass you my insight for those who choose enlightenment.


Those who choose enlightenment will stay the hell long !!!!

[timothyjones2010] 24/5/2017 20:07

Adg good to see someone get stuck in - you should follow up with an email, I recon all parties will have to take your concerns seriously if there is something in writing

[nav_mike] 24/5/2017 19:55

Well on a purely charting note, the price closed above the 20 and 50 day EMAs today and that hasnt happened since Mid-February

Time will tell if that was relevant :)

[anony mous] 24/5/2017 19:34

Nice one adg

[adg] 24/5/2017 19:16

I pointed out that if I suspected an individual of a crime and blew the whistle that it would be taken seriously
however just because it is "the city" that a blatant manipulation by persons for the specific intent of manipulating a share price for the financial benefit of others is being effectively ignored by the regulators and enforcers....
who knows if it's coincidence or not but it's good to see a rise in share price not being sold off for once

[glenkaz] 24/5/2017 18:37

Finally made here! And sold!

[begorrah88] 24/5/2017 17:02

Thought I'd STFU for a day and see if it helped the sp

It did!

I'll continue with this strategy and see how far we can get.

64.5p UT

[prewar] 24/5/2017 16:48

Reckon be shorts closing ahead of Opec meeting tomorrow

[nav_mike] 24/5/2017 15:41

Buyers suddenly willing to push the bid stack higher - 64p seems tough to hold though

Quite a turnround in the bid/offer size and depth during the course of today...If this wasnt PMO I might be encouraged :)

[dr biotech] 24/5/2017 13:29

Just some backround reading before the opec meeting.

Must admit I have more on filter on this board than any other, though there are also some of the most informative on here too.

Jon Sindreu and Biman Mukherji
Oil prices were little changed Wednesday, after five straight days of gains on the back of expectations that major producers will announce output cuts on Thursday.

Brent crude, the global benchmark, gained 0.2% to $54.26 a barrel. West Texas Intermediate for June delivery, meanwhile, traded flat at $51.47 a barrel on the New York Mercantile Exchange. If it closes at these levels, it would put an end to five straight days of gains, the longest winning streak since early April.

Oil has been on a roller-coaster ride since March, torn between concerns about mounting stockpiles and greater optimism regarding global demand. It has gained roughly 5% this month, buoyed by reports that Saudi Arabia is garnering support within the Organization of the Petroleum Exporting Countries for a potential nine-month extension of ongoing production cuts.

The American Petroleum Institute, a private industry group, said late Tuesday that crude and gasoline stockpiles in the U.S. declined last week. Drops are also anticipated to be seen in later Wednesday's government report.

According to Stephen Brennock, analyst at London-based brokerage PVM, the world's major oil producers "are almost guaranteed to extend production curbs" at Thursday's OPEC meeting in Vienna, after oil ministers from Saudi Arabia and Algeria expressed confidence that a deal would be struck.

If confirmed, "we will see a bounce in the market very quickly," said OM Financial's Stuart Ive, as "there are plenty of reasons to think that demand will be increasing." He thinks oil could get toward $65 by year's end provided there is compliance by all participants to the output cuts.

Members of the cartel want global inventories to fall back to their five-year average, analysts say, in order to ease fears about an oversupply in the market. In the long term, however, traders remain concerned that U.S. shale producers can ramp up production to offset any cuts by OPEC.

"The ability of the U.S. shale sector to revive itself, restructure at a corporate level, and bring back on tap incremental oil production is a deep challenge to OPEC's oil price policy," said Nizam Hamid, head of strategy in Europe at WisdomTree Investments, Inc.

[steve73] 24/5/2017 13:28

I suppose one way to look at our situation is that all the debt prevents us getting taken out cheaply!!!

[lonrho] 24/5/2017 10:09

Dong production is 75% gas but looks a good deal for Ineos.

[ua36] 24/5/2017 09:31

Zero debt Steve...

[steve73] 24/5/2017 09:26

ua36... but how much debt?