Harbour Energy Share Discussion Threads

[fitton] 23/10/2018 13:20

I hope some of the small shareholders can make some money out of this.All we need now is a supply shortage!

[zztop] 23/10/2018 10:42

God of hell fire sounds better?

[zztop] 23/10/2018 10:41

Lol...luv it.

[manics] 23/10/2018 10:34

Too late for that -we're on a journey to the centre of the earth! Meh. In a few weeks/months we'll all be happier again. Maybe.

[fitton] 23/10/2018 10:31

The clever investors should be buying in now.Sadley I'm not that clever.Sold a few at 1.43 but back in much higher than £1.09.The crazy world of the stock market.My advice, unless you have lots of spare money,nerves of steel and are psychic, then don't get involved!

[husbod] 23/10/2018 08:43

There are few certainties in this world but Trump not putting sanctions on Saudi Arabia is one of them. Apart from oil price considerations there is also the small matter of US arms sales and the geopolitical point that the Saudis are not friends of Iran.

[steve73] 23/10/2018 07:29

Todays "Energy and Capital" newsletter is suggesting oil could get to $400.

“If US sanctions are imposed on Saudi Arabia, we will be facing an economic disaster that would rock the entire world,” Aldakhil wrote. “It would lead to Saudi Arabia's failure to commit to producing 7.5 million barrels. If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure.”

That's the closest I've seen to my own prediction of over $700 although I'm not saying when it'll get there...

Definitely worth registering (free) with these guys to get their daily newsletter, or you can usually access them the next day if unregistered..

[mikesnr1] 22/10/2018 22:23

Notice below from MarketBeat:

22 October 2018

Premier Oil (LON:PMO) had its "buy" rating reaffirmed by analysts at Jefferies Financial Group Inc ( ). They now have a GBX 225 ($2.94) price target on the stock.

[ggm5d] 22/10/2018 20:27

Stay SHORT:

[chopyead] 22/10/2018 19:43

Have to say, it does prove a point that Oil does seem to govern the direction of PMO and the market has no confidence in its CEO and managers.

The shorter's are defo a sign of when to sell and one wonders who give them the insider information?

PMO is very over sold and due a nice bounce once the oil price settles due to that terrible murder. Still think Trump is using this to manipulate the oil price; the Arabs are running like chickens running from a fox.

[t-trader] 22/10/2018 16:36

This is now back below the price when oil was $70....valuation seems crazy....oversold now imho

[rbonnier] 22/10/2018 15:28

Short hard and strong now going sub 110 tomorrow we are targeting sub 100 by Friday .
There is absolute chaos in the pit they think imminent collapse is nigh !!

[bgwesley] 22/10/2018 13:33

Sorry, but I think Marv did a better job - guess you come cheap, though!

[rbonnier] 22/10/2018 13:05

Keep shorting this plum !

[whiskeyinthejar] 22/10/2018 08:42

Chinese stocks have exploded higher upon the resumption of trade on Monday, adding to huge gains on Friday.
The surge in buying reflects the continued rollout of measures from Chinese policymakers to help support stocks and household spending.
As seen in the scoreboard at the mid-session break on Monday, all of the major mainland stock indexes have surged by between 3.9% to 5.2% in early trade on Monday.

[markymar] 21/10/2018 21:52

GG I don't think you have gasped things a PMO is not valued even a 1 billion company It has over 2.4 billion in debt which I think half a billion will be wiped of due to high oil price by end of year so your talking 3 billionAs for the Falklands some time after new year my guess maybe Feb it will get the go ahead as solicitors involved..and it's who you knowAs for Mexico they start drilling again late November hopefully and news coming soonSo disagree as very much as a take over target as a cash cow now and 2023 if all goes to plan just a money pit.It's why its double in share price this yearA very bright few year in front of it as long as oil price stays above $70

[ggm5d] 21/10/2018 19:59

There is absolutely no possibility of a bid or takeover here in my opinion and that is part of the issue. Durrant and PMO have made it very clear they focus on developing assets such as Catcher that the majors do not want. Quite the opposite PMO might try and pick up some mature producing assets on the cheap from them. Besides, who has £5B+ spare to buy the shares and take on all the debt? Not e.g. Tullow as they have an even worse debt situation. The best PMO can do is pay down the debt, re-establish a dividend to stabilise the share price and hope that they can sell either Zama or Falklands, as they simply do not have the credit to develop these themselves.

[cumnor] 21/10/2018 19:14

I'm afraid PMO going much higher-game has changed here with POO above $65, Zama not even priced in, nearly a 100K BOPD producer-could be 150K in a couple of years and cash poring in with Catcher exceeding targets and the SA ripe for development as big producers slash investment, precipitating much higher POO in a few years. Ignore gyrations (I'll be adding on pull backs) but only an idiotic short would hold for long here as they are well aware of the risk-with a bid at these prices being a real possibility. imo

[fireplace22] 21/10/2018 19:07

Opec don't control the oil price except by regulating supply and even there they are limited, rumour has it that they are struggling to achieve the 1M bbls/d increase they promised a couple of months ago. Only way is up except for onedb1's seasonal adjustment!

[chopyead] 21/10/2018 17:53

Still think the shorts have been increased after that horrible murder; Trumps sees this as a way to intimidate the Arabs into lowering the oil price.

[onedb1] 21/10/2018 17:44

Well I have 180-190 target this year . I feel that if Brent drops to test 74/75s we get a chance to stock up in the 108s . Thereafter we rebound strongly both in Pmo and crude . Q3 averaged $75 if I recall well . Q4 is going to end being the best of the year . It is so far . So a drop to chart support or 200sma has me loading up a lot . Even if for whatever mad reason we go temporarily below that I won't set a stop for that. Cash flow is good as are operational milestones and projects . 146 was a great sell ( I had mine at 143 and 135.3. Buying at 108/110 will make me very happy . I see 120 as a bit of limbo mid channel buy with RSI not really supportive of a buy based on my strategy . So would hope to see a bit more weakness to then get out of seasonality issues and mid terms with a strong rebound and ZAMA .

[jelenko] 21/10/2018 14:42

We'll see. It's highly unlikely that with a turnover of at least $2b that the market cap will not move higher, much higher. It's already been £1.46 and will go further, any idiot can do the maths even you two muppets.