Harbour Energy Share Discussion Threads

[marvin9] 31/8/2018 17:48

Jabba hedged PMO oil stock at a comical rate, such is the clueless puppet clown in a pocket he is.

If he went then the share price would double overnight.

[steve73] 31/8/2018 08:30

Over the past 6 weeks or so we've had 5 shipments with 8 or 9 days between them... assuming typical load sizes this represents consistently around 60+ kbopd

[ggm5d] 31/8/2018 08:25

adg , my understanding is Catcher physical delivery is at a premium to Brent spot. However they are hedging a large proportion, out 1+ years as part of bondholder's requirements. Those hedged barrels are sold forward at a discount to Brent spot (due to backwardation), but still I would expect at a premium to the Brent forward curve.

[jelenko] 31/8/2018 08:22

Generally and in the half year interview TD did say that catcher had produced at 70kbopd at one point. I suppose the prevailing oil price will dictate to what extent Catcher is held back. Like a thoroughbred racehorse timing it's run.

[adg] 31/8/2018 08:12

Does catcher not trade at a premium to Brent too?

[steve73] 31/8/2018 07:41

"The global benchmark crude traded at a $7.79 premium to WTI, the widest since mid-June. JBC Energy said it wouldn’t be surprised to see a double-digit spread amid bottlenecks in the U.S. and a tightening Brent market."

[marvin9] 30/8/2018 19:16

Mw wo wunderstand what wu sway?

[marvin9] 30/8/2018 19:01

Not they; but dopey puppet Jabba, what a clown in a pocket ARF ARF ARF!

[marvin9] 30/8/2018 19:01

Not they; but dopey puppet Jabba, what a clown in a pocket and historical for his input into PMO. ARF ARF ARF!


Bad Monkey, resign man!

[husbod] 30/8/2018 14:09

If they manage to achieve Brent prices ....... which they singularly and very disappointingly failed to do last quarter.

[jelenko] 30/8/2018 13:16

I note from the half year results that they have maintained average daily production guidance for the full year at 80-85k bopd. Given that in the first half 76.2k was achieved they need to hit between 83.8k and 93.8k during the second half as an average to meet that target. Either way with the price of brent likey to be higher on average than during the first half it bodes well for free cash flow.

[ggm5d] 30/8/2018 12:44

Change of signal = changed my mind.
It broke 120 so I am back in at 120. Let's see 130 please.

[steve73] 30/8/2018 12:33

WTI hitting $70.. Brent approaching $80, with the Brent premium getting bigger again... All good for PMO.

[privileged] 30/8/2018 12:02

I'll live with that, nice £3m profit then. Make it happen

[deanroberthunt] 30/8/2018 11:55

this'll be £15 a share in 2023

[onedb1] 30/8/2018 10:27

Brent in great form again especially in £ terms . Almost back to year highs . PMO lagging like a few others in the sector . Must be a quiet week

[oilretire] 29/8/2018 22:48

Well at least you're honest, lets hope if you do get the entry you desire that you're cashing it in for a very handsome profit over the coming weeks/months ;-)

[ggm5d] 29/8/2018 22:41

I doubt I can impact sp, but might as well judge myself by my own post predictions. Yes looking for a lower re-entry and reckon you are right about it being the effect of the bonds. Was invested when this went from 70p up to 100p in January then bond conversion took it back to 70p. That was a 40% profit lost.

[oilretire] 29/8/2018 22:23

So you're back here talking it down hoping for a lower re-entry I guess........

That's ok though, it might come good for you, but probably not tomorrow if POO stays in the $77's.

And if others are correct these sales won't be on much longer once the impact of the forced bond conversions works it's way through the city scumbags.

[ggm5d] 29/8/2018 22:14

What back in July? That's a lifetime ago. yeah sold in the 130's and bought some BPC much to my regret.

[oilretire] 29/8/2018 22:06

So have you already sold the ones you bought at 120??

[ggm5d] 29/8/2018 22:03

I love PMO longer term, but POO has been up for whole last week and PMO is falling. POO is up on low volume, PMO is down on low volume. POO is a bull trap, before it heads back to $70 when volume picks up. Just got to ignore POO right now.

Look at the PMO chart. Lower highs, lower lows, broke down through the 30day SMA, broke down through the 50day SMA, went through 120p easily, its at 116.8p now and it was at 108p only a week ago. Its clearly going down some more.

[oilretire] 29/8/2018 21:31

POO breached $77 after UK close, it's going up tomorrow if that holds......