Harbour Energy Share Discussion Threads

[badger60] 16/10/2017 11:28

We are so lucky to have you as the font of all share dealing knowledge on this bb......

[hpcg] 16/10/2017 10:49

cumnor - oil is in backwardation at the moment. One would need to be very cautious about hedging. Shorting oil gets very expensive whereas being long one can pick up the pennies at rollover. Whilst I can understand traders closing long positions I can't really see where downward financial pressure will come from. So it would take producers forward selling to depress the long end. The oil price is certainly in a rising trend, and has been since the blow off bottom. The 200 week average is now at 62 and I would expect it to be resistance for a while, and then support.

Fundamentally in 2018 we have the last hurrah for onshore US shale oil, almost nothing new internationally, and KSA and Russia as the only territories with spare capacity. Renewables will provide a much more robust cap than they have in the past.

So if I was PMO I certainly wouldn't be hedging until I could get close to 60 on the long end.

[cumnor] 16/10/2017 09:49

Hope Durrant has the nous to hedge some of PMO's production at these prices-very profitable yet underpins debt repayments-which is the excuse shorters need to hammer the price. That and any news-eg FO Zama-could really turn sentiment here and shaft the shorters.

[begorrah88] 16/10/2017 09:28

badger

re:31487

A bit grumpy this morning because you couldn't get a lower price? or maybe you haven't got live prices?

[steve73] 16/10/2017 08:49

This seems a fairly balanced piece, taking cognizance of the growth in renewables, yet still very positive for oil demand.

[nav_mike] 16/10/2017 08:47

Youve almost got to admire those vultures for the way they have strangled the life out of PMO....

On a day where Brent is $57.50 volume is less than 200k in the first hour

Right I best go and earn a proper living...dont think I will get rich on PMO today lol

[nav_mike] 16/10/2017 08:26

AI

Lol....they might as well have called that a very subtle sell rec

"not really any money to be made here boys...move along now" :)

[american idiot] 16/10/2017 08:20

From Friday for what it's worth :-)

* Premier Oil Plc : Deutsche Bank raises price target to 67p from 65p *

[badger60] 16/10/2017 08:17

You just have.....

[begorrah88] 16/10/2017 08:07

POO just popped $58 and PMO bid stuck at 64.25p

You couldn't make it up

[begorrah88] 16/10/2017 08:04

Bid price nailed to the floor at 64.25p

Those MM's are standing well back. They are under strict instructions

[nav_mike] 16/10/2017 08:04

Ive stopped looking at SETS now until gone 8:30 as the book seems to take ages to properly build these days.

They do like a nice high opening UT though...makes it easier to paint a black candle on the daily chart :)

[begorrah88] 16/10/2017 08:01

4.75p spread - now that is a record!

[american idiot] 16/10/2017 07:52

You could well be right Mike.

I hadn't seen that news.

[nav_mike] 16/10/2017 07:49

Dont see Korea as being the driver for this move up....Iraq and Kurds going at it is more likely imho

[american idiot] 16/10/2017 07:45

As the Korean situation deteriorates the POO rises.

I see 66p today.

[anony mous] 16/10/2017 07:25

WowSo many filtered posts.Looks like verbal diarrhoea.

[asa8] 16/10/2017 07:08

Oil up pmo down place your bets folks

[volsung] 16/10/2017 05:06

Marvin you may be projecting your own inner turmoil onto Mr Durrant