Harbour Energy Share Discussion Threads

[mercer95] 02/2/2018 11:10

The price today is not important, fear is born out of fatigue & loneliness, next week will better, the catcher wave will be powerful, a good trader must stay strong & focused, the only truth is the market & in yourself.

[american idiot] 02/2/2018 11:04

Interesting analysis on Brent today from IG.



Brent rally comes under pressure
Brent has been rebounding following the drop into $68.03 earlier in the week. The ability to break through $70.85 will be key to determining whether that failure to maintain higher lows is a bearish signal or not.

Until that happens, there is a chance we are creating a head and shoulders formation, where $70.11 represents the peak of the left shoulder.

..........

Ignore it at your peril !

In my opinion, the current short-term downtrend isn't over just yet.

[bakedbean57] 02/2/2018 10:30

Well PoO had a reasonable return where's the gains back yet again we get smashed down on bull smoke and mirrors and when the reverse happens we dot get the ground back!

[emilio] 02/2/2018 10:24

Starving the full time idiot is already up today

[mercer95] 02/2/2018 10:20

We might get a short squeeze soon,maybe next week,they will be looking to get out before the yearly update, that’s what usually happens. Any serious traders on here got any views regarding Tullow & Premier & which one will perform better over the coming years TIA

[marvin9] 02/2/2018 09:31

And may the force be with you 'James' lol

[mercer95] 02/2/2018 08:39

The money is coming back into Premier, like the motion of the sea, today’s price is not important, a good trader always looks forward, 8 March, the catcher wave will be strong.

[mercer95] 02/2/2018 07:55

Oil moving up, big blue day for Premier today

[gersemi] 02/2/2018 07:50

PMO can only control what they can control. The rise and fall of currencies and the price of oil is beyond their remit though they can mitigate using hedging but even that can have negative consequences if judged incorrectly

Natural resource companies are exposed to factors they have no control over. It is the cyclical nature of natural resource investing

[rationaleee] 01/2/2018 21:27

jelenko - No. Stronger pound does not impact positively on debt because you lose the gain on opex margins.

For example, if production of a barrel of oil costs us £15 in the UK, at $1.22 that equates to $18.3/bbl while at $1.42 it equates to $21.3/bbl. Similarly, the £150mn term loan debt that we have was equivalent to $183mn at $1.22, while at todays rate of $1.42, its $213mn. Strength in the currency where most of the production i.e. opex is focussed is never good. A weaker pound is always good because you spend less $ to produce the same barrel of oil.

[mercer95] 01/2/2018 21:25

Good point jelenko, WTI gonna closing up around $66 tonight, Venezuela is a mess, their oil production is in disarray, all helping the oil price, every one saying the global economies are in a sweet spot, I’m gonna add here for sure before 8 March Yearly report.

[jelenko] 01/2/2018 21:13

Rationaleee, don't forget the stronger pound has a good impact on our $debt

[rationaleee] 01/2/2018 20:01

Good news on Zama: Upstream:

Pemex on hunt for rig deal to test Zama limits
already been divulged by operator Talos Energy and partner Premier Oil. “We are in very good talks towards the negotiation that the law indicates, as...contracting the semi-submersible,” Escalera said. Premier confirms Pemex Zama talks “We are going to drill this first well and we will continue evaluating...Mexican state oil company Pemex is planning to contract a semi-submersible rig to drill a first well that will aim to delimit what is expected to be

[mercer95] 01/2/2018 17:26

Nice bounce back for Premier,my best performer by far today,3% rise & a director buying in too, I’d take that everyday, more of the same tomorrow, it will hold above 90p IMHO

[bakedbean57] 01/2/2018 16:43

Hoped for it didn't think we would get i,t but it shows as I've been saying the general erosion and corrosion that's happening to the share price

[marvin9] 01/2/2018 16:21

Did you really think we would get it mate

[bakedbean57] 01/2/2018 16:13

Thanks Steve. Where is our 7% today?

[steve73] 01/2/2018 14:21

I see a big chunk of the warrants got exercised last month as well... the bulk of them for shares rather than cashlessly. In total now 24% of the warrants have now been converted.

97MM potential new shares from the warrants & CB's remaining if they all convert to shares.

[mercer95] 01/2/2018 13:22

I’ve recharged, this could gap up later, Sid the squirrel has turned up for his daily cookie in the afternoon which I always take as a positive for the markets, keep holding, don’t give your shares away cheap, this is worth £1 plus easy

[s34icknote] 01/2/2018 13:18

Roy bought 60 k !Sicknote