Harbour Energy Share Discussion Threads

[begorrah88] 17/10/2017 09:48

'Technical trading', 'volatility' or whatever name they give it just means suppression as far as I can see.

Regular as clockwork and seemingly completely automated to take anything off the book above 64p at intervals through the day and definitely by close of business.

Other than the arbitrage of the CB's I can see no reason this is beneficial to anyone other than softening the share price for any future POO wobbles or missed deadlines [catcher] so that shorters can mug off PI's?

Why on Earth did TD sell out his shareholders for this?

[nav_mike] 17/10/2017 09:41

Groundhog day yet again...even with Brent at $58

Cant remember the name of the guy who was familiar with the likes of Polygon (onedb?) but if you are still around, may I ask if it is there aim to minimise volatility as a whole, or are they just intent on snuffing out upside momentum whenever the oil price is moving higher?

[marvin9] 17/10/2017 08:37

Any new PI thinking of buying into PMO think again.

I would not touch a single share until the shorting percentage is seen to be drastically reducing.

This moment in time the share price is being manipulated on a daily bases by TD shorting mates.

[jelenko] 17/10/2017 07:36

Too much hedging is exactly why the share price does not high beta to the share price The should not hedge at the moment. By hedging they are effeftively shorting the future market, imho now is not the time.

[cumnor] 16/10/2017 22:22

Lets hope they are hedging at or near this price. if they do and perhaps come up with something on Zama, and Catcher gets going on time with POO $55 then the shorts will be in trouble. Trading of late is purely technical and has nothing to do with fundimentals.

[marvin9] 16/10/2017 21:47

Oh dear oh dear!

[asa8] 16/10/2017 18:12

Dear oh dear the sooner Durrant goes the better he has allowed this to happen people call Marvin but he is correct most of the time

[begorrah88] 16/10/2017 16:40

The tone was set from the opening bell. The MM's didn't want anything to do with a rising PMO today. Not in their script.

Struggled to rise .25p from Fridays close when POO had risen $1+ and then tumbled down a penny when POO fell back 75 cents.

[begorrah88] 16/10/2017 16:16

I was tempted for some more just now but counted to 10 and sat on my hands and thought logically.

Rising Oil is unable to lift PMO [in fact it is having the opposite effect], Catcher is unlikely to leave Nigg with the current weather [TD did put a caveat about H&S in the update so he can safely stand behind that if things get delayed] and there isn't the slightest bit of interest from any institutions other than reducing and shorting housing increasing so, having had a word with myself, I've backed away from the buy button.

[s34icknote] 16/10/2017 15:42

Keep buying and tuck away !!!!PMA vs PMO !!!Oil going above 60 dollars and a 2 billion turnover plus .Patience patience is only what is required .Sicknote

[begorrah88] 16/10/2017 15:33

The race to sub 64p was only very temporarily interrupted by a surging oil price.

[begorrah88] 16/10/2017 15:30

If you didn't laugh...........!Red FFS

[american idiot] 16/10/2017 13:47

Interesting little read :-

[american idiot] 16/10/2017 13:43

Thanks for that Beg.

I should be keeping track of previous share price / POO but gotten a little lazy lately.

ENQ, TLW and PMO all pretty good DMA oil plays for traders. Not sure I would like to be caught on the wrong side of the trade on all 3 at the same time but I sure would expect to see the whole sector up on days like this.

[american idiot] 16/10/2017 13:43

(Double post deleted)

[badger60] 16/10/2017 13:40

On the other hand there could well be a massive bear squeeze which would propel the share price towards a quid pdq. All those lumpy shorts running to cover ......ouch!

[begorrah88] 16/10/2017 13:32

The last time POO was $58.4 PMO was 68p [28/9]

[begorrah88] 16/10/2017 13:26

It seems as though 'small' Oilers, PMO in particular, are the 'go to' hedge against POO as well as the arbitrage hedgies for the CBH's along with the run of the mill shorters.

Massive, massive headwinds.

Without any II's coming on board (& who can blame them?)this is destined to buffeted back down and toyed with by any fund that wants to at present.

Not helping that Catcher appears to be bogged down in Nigg now.

[american idiot] 16/10/2017 13:03

Well, I took a few more at 65p and nearly bought 64.5p as well.

Bit overloaded here now so need a little rise in which to lighten the load a little.

Brent now $58.14

[nav_mike] 16/10/2017 12:47

Blitzed the bid with non stop AT sells all the way from 66 to 64.25

This has gone beyond ridiculous with Brent over $58 now - no group of shorters/hedgers should have this much power over a stock

It makes a total mockery of investing in PMO

[american idiot] 16/10/2017 12:37

Flat on the day now with Brent at $57.87

Unreal.

[badger60] 16/10/2017 12:00

"Schooled" or "groomed"?

[nav_mike] 16/10/2017 11:56

Like I said, pointless looking at the order book before 8:30 these days, and sometimes even longer

[begorrah88] 16/10/2017 11:56

Far from it!

I recently got absolutely 'Schooled' here by hpcg but I do like to say it as I see it.