Harbour Energy Share Discussion Threads

[investordave] 10/10/2018 15:16

Selling off again. Bloody annoying.

[onedb1] 10/10/2018 12:41

Technicals are looking good in my mind . If am right the retrace to just below 130 meant that support was held and all 3 main moving averages are up . A deeper retrace to 120 would have allowed maybe for higher targets near term IMO but I sense a retest of 140s . Testing the upper trend line again for those who have plotted it

[onedb1] 10/10/2018 12:38

Not sure if posted already but the big oil traders from Vitol to Glencore to Trafigura etc are all seeing oil between 65 and 100 for next year . Now that implies a huge de leveraging process for Pmo . Because if they hit q1 at 3* Ebitda the trajectory at the lowest of forecasts suggests a gearing that is back to normal thereafter . Let's not forget gas project adding a lot too in near future and much closer the appraisal of ZAMA .

[s34icknote] 10/10/2018 11:06

Brent over 85 dollar again .Gas up 2 percent Sicknote

[nav_mike] 10/10/2018 09:47

Classic chart formation... "the reverse plummet"

[adg] 10/10/2018 09:43

"tomorrow is going to be a very bad red day for pmo"

"this is heading south as the 250 Trackers unload .should be all out by around £1.15"

Just momentarily had a bit of a scare there when I looked at the chart.... but then quickly realised that that I was standing on my head ! silly me.....

[adg] 10/10/2018 07:32

I became a member in jan 2001 according to to my profile and i think it may have been earlier too.
Apologies Steve and to B.B. for language (that’s what 3 pints of Turkish beers does....) but none to you either (even though I acknowledge your long standing memeber and had perhaps incorrectly identified you as a troll) for my reaction to your contentless post that is so typical of the trolls who post pointless “this is gonna tank” type of posts randomly, you will see that a few similar posts were made by others the past few days.
FWIW the pattern of the initial rise followed by sell down is apparent for what seems to be little reason however let’s see what today brings and see if it tanks to 115p.....

[rbonnier] 10/10/2018 07:06

Hi Steve73 yes i understand its not on my apologies to the BB but not to adg.I became a member after my first investment which was LASMO good investment went to 3 AGM good dos wine by the case and lots of lovely hot food .That would be around 1998 ADVN was c called something else then and i cant remember what it was .

[investordave] 09/10/2018 21:41

Short are we? One of the poorest deramping attempts I've seen for quite a while.

[rbonnier] 09/10/2018 21:07

Todays price rise was very heavily sold into short term this is heading south as the 250 Trackers unload .should be all out by around £1.15 tomorrow is going to be a very bad red day for pmo .

[onedb1] 09/10/2018 18:05

The oversold RSI my apologies it was obviously on the 1 hour chart . Not the Daily . Didn't want to confuse anyone

[chopyead] 09/10/2018 17:35

Yep thanks

[investordave] 09/10/2018 16:14

Thanks for that. Useful to know.

[lostit] 09/10/2018 16:12

Tullow has a few broker upgrades yesterday. PMO FA.

[investordave] 09/10/2018 16:01

The recovery in the ftse 250 doesn't seem to have done much for PMO's share price today.

[investordave] 09/10/2018 15:59

You never know we might end the day up a penny. Don't knock it.

[chopyead] 09/10/2018 15:18

TLW flying again, PMO, the usual fall for no reason?

[onedb1] 09/10/2018 14:06

Yeah weird as a $ or 2 more or less on a daily chart makes little difference to the fundamentals . To give an example $1 at full market price ie unhedged with no costs gives 86,000$ gross ( minus breakeven costs / adjust for hedges) In other words it's average monthly and quarterly oil levels that are key and Brent Curve ( which is in backwardation ) 10p up or down is not due therefore to a Brent move of a dollar . The market cap impact is highly exaggerated by smaller fluctuations of Brent either way . Bit bizarre to me given ZAMA appraisal and basic maths . Ie barrels produced * net price of Brent ( including hedges ) . How can a net of say a few k revenues in $ affect market cap so much on a daily basis is often something I don't understand .

[s34icknote] 09/10/2018 13:48

Gas going up again ! Markets looking volatile !Sicknote

[nav_mike] 09/10/2018 12:25

Say it again...FTSE 250 stock. Tracker fund selling will not be helping

[investordave] 09/10/2018 09:44

Can't quite believe the constant level of sales we are still seeing. There are lot of short termists about.