Harbour Energy Share Discussion Threads

[american idiot] 15/2/2018 16:10

I have a bullish short-term inverse head & shoulders pattern on the Brent chart which is my only reason for wanting to go long PMO at the moment.

There has been plenty of buying on L2 this afternoon, just on a downward trajectory.

[gregpeck7] 15/2/2018 16:09

Crazy Begirah. The mid caps are not feeling the love at the moment. My small caps like Uen still doing well... Pmo's time will come. Never thought we would see the sixties again though with oil over 60...

[begorrah88] 15/2/2018 15:59

Near 8% intraday collapse on a 3% POO turnaroundRegular PMO

[american idiot] 15/2/2018 15:59

Just aweful.

Brent down $1

77p straight down to 71p. Sickening.

[begorrah88] 15/2/2018 15:50

Getting a wriggle on in its' eagerness to get back into the redA really poor day that started so wellNo support to be found anywhere fir PMO unfortunately

[datait] 15/2/2018 15:36

should shoot upwards soon enough.

[american idiot] 15/2/2018 14:49

Ok, I am IN for a 25k @ 71.93p !

Still too scared to buy many of anything.

GLA especially me !

[begorrah88] 15/2/2018 14:41

I'll go for DMA AT sellers buying back stock in bulk from MM's to rinse & repeat

[nav_mike] 15/2/2018 14:23

Been some chunky O trades in last few days....250k @70p. 384k @ 71.75 and today I just saw 700k @ 72.92

Whether they are worked sells causing the constant downside bias, or whether they are buys on the cheap remains to be seen

[gregpeck7] 15/2/2018 13:52

Agree. Moved some over to uen earlier.. got to sell the spikes here at the moment.

[begorrah88] 15/2/2018 11:21

It's PMO

It's being walked down again

Guess which is the weakest link

TLW
ENQ
PMO

[fireplace22] 15/2/2018 09:38

It's a fair bet though that 'chemical' uses of oil (which are tied to population and wealth growth) will significantly outgrow the energy component over time.

[steve73] 15/2/2018 09:24

I'm just using a total energy extrapolation based on both electrical/non electrical.. but it's pretty close to what BP estimate, and I'm sure they do consider all the relevant contributors to that.

If e-vehicles do "start to take over" during this period, than it will change the electric/non balance but the total energy usage won't change much.

I ran a separate study of e-vehicles, and can't see there being much more than about 50% electric even by 2050 (although by then most new cars ARE likely to be electric). Much of the 3rd (and even developing) world keep their vehicles on-the-road for much longer than Europe does... typically 40 years +, compared to around just 10 years in the UK. My guess is around 2.5x as many total vehicles in 2050 as now, c. 4 Bn.. and still well below US/Europe's current 6-800 vehicles per 1000 population.

[fireplace22] 15/2/2018 09:04

Steve you are correct re fertilisers but not chemicals, principal RM's are hydrocarbons, also a lot of chemicals used in chemical manufacture are solvents, aromatics, alcohols etc so its not just about the finished products, pharma, agro etc. Plastic will continued to expand in use - maybe not the case for packaging as you say, although that may change with more biodegradable's being developed.
Usage is 8% of oil now so I reckon that would grow in line with energy usage. So maybe 20% of oil going that way in 2050? I wont be around to see it anyway!

[adg] 15/2/2018 09:01

Steve - what is the population lookahead you/bp use?

The way certain countries/religions are multiplying I would hazard a guess at a population increase to about 10 billion in 30 years around 1/3 increase.

Most of these people will be wanting transport, flights, plastic widgets, goods, energy etc - I assume all of that is included in the bp model

[steve73] 15/2/2018 08:49

30 years...? I'm hoping to still be around to see if my predictions pan-out (and to see if they manage to get Solan fixed by then).

fp22... most fertilisers are based on ammonium salts which require energy rather than fossil fuels specifically...Same for "chemicals" in the main. There's a big drive to reduce plastics usage (since it all seems to end up on my local beach amongst others), either by better recycling or "alternative" renewable plastics.. I'd not really looked in detail at the non-fuel uses of oil, my model isn't THAT detailed, although I'd expect the 60-odd MMbopd to cover it adequately.... Same with coal usage... there'll always be a demand for high quality for steel production.

Of course all this may become redundant if the US tries to stop Russia/China trading oil in $..

[lucicavi] 15/2/2018 08:34

back to 100p

[marvin9] 15/2/2018 08:13

Its all right for you RALF!

You get a poke every morning from Puppet Jabba; if u know what I mean. ARF ARF!

[emilio] 15/2/2018 08:11

Starving ya full time idiot

[marvin9] 15/2/2018 08:07

Ooops my clock was wrong

[withoutt] 15/2/2018 08:05

Still in auction

[marvin9] 15/2/2018 08:04

Would you look at that, oil up and PMO opens with nothing lol.