Harbour Energy Share Discussion Threads

[s34icknote] 09/11/2018 16:03

Gas up 6 percent !!Sicknote

[onedb1] 09/11/2018 15:48

Added at 99 and 99.5 too ! Lets see ! I feel the same for Enquest .

I have been buying on monthly support just like last buy at 100.8 .

I can afford some period of pain waiting . Just a view please don't take this as advice .

[ggm5d] 09/11/2018 14:30

Ok got in. Maybe bought a bit hasty as gkp which I also bought decided to drop to 203 just after. Now i hope usa doesn't continue sell off and pmo rally strongly monday back to 107.

[ny boy] 09/11/2018 10:39

Investors have paid higher prices over time to buy PREMIER OIL PLC and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. It, however, gave a negative signal from a double top formation at the break down through the support at 109. Further fall to 85.56 or lower is signaled.

Basically going down will oil, look to buy around 86p unless the oil bear market starts getting rough imo

[ggm5d] 09/11/2018 10:30

Anyone a brent chartist?? Its 69.8 last i looked. I keep thinking it cant go any lower but it does. Mid 90s for pmo is feeling more likely now! Moved buy to 95p

[jelenko] 09/11/2018 10:26

Don't ignore the Gas prices, moving up nicely. We are not all about oil.

[whiskeyinthejar] 09/11/2018 10:08

PMO isn't a minnow. It's debt was forecast to fall by US$300 to US$400m this year with oil at $70. Different company with Catcher now producing.

More importantly, EBITDA leverage ratio expected to fall to 2.5x by end Q1 2019 with oil at $70.

OPEC/Russia is in control of oil price. $80 oil was too high. Current Poo is too low and so opec should act soon. This range suits PMO very well.

[ggm5d] 09/11/2018 09:46

Buy limit didnt get filled at 100p but hopeful of another test of it before close. Just better not break through and end up in the 90s.

[husted] 09/11/2018 09:46

Shorter attack is failing.

[ny boy] 09/11/2018 09:13

Oil in bear market, terminal for these types of debt ridden minnows. Only BP with 5.5% annual divi worth holding, no attraction here.

[whiskeyinthejar] 09/11/2018 08:16

"Amid a summer of rising prices and unprecedented political pressure from President Donald Trump, Saudi Arabia, Russia and other producers had opened the taps. Now, with the U.S. midterm elections over and crude futures wilting in the face of another historic shale oil surge, the cartel will discuss a change of course this weekend."

[deanroberthunt] 09/11/2018 07:58

It's a bit concerning that after 2 or more years of massive capex cutting, biggest in history, combined with Iranian sanctions, we are still in an oversupply situation....and need OPEC to step in to help out.....with cuts

[deanroberthunt] 09/11/2018 07:08

that's one of the worst articles I've ever read....truly awful

yes, PMO's debt is higher than ENQ's....@ $2.65bn compared with $2bn...but err, hang on, her production is nearly double!!! with bigger assets and reserves

[onedb1] 09/11/2018 00:36

That was Kramer making such prediction .. lol . Normally his track record on these big calls is so bad that the Street uses him as reverse indicator . At 40/50 you'll get a massive reverse of shake production and Venezuela goes to zero ! But hey am no oracle so who knows . 100.8 was my buy in support area . I suspect that the 15th though will follow the others in the sector and report good figures given the $75.5 Brent average for Q3 . Should be a decent update next week .

[ggm5d] 08/11/2018 22:15

Friday looks painful indeed. would like to pick them up for 100p but starting to get more nervous of continued fall. Some are making a case for $40 wti and $50 brent.

[nasarsaddique] 08/11/2018 13:58

Hi Onedb1, thank you for your reply and thank you for the advice, it is much appreciated. ?

[onedb1] 08/11/2018 12:39

HI Nasar,

TOM.L reminds me of OEX Same chart . I don't normally trade the micros . Expand it to the weekly view . I'd look at momentum using RSI or MACD. Probably RSI in this case . Any unusual spike of volume or RSI quickly going over 50 used to be my trick 10 years ago when I started. But its big risk. Yet big rewards came too. When the stock hit the 13s with RSI over 70 that was resistance and should have sold. IMO . connect the lows from Sept , If that trend line breaks and RSI goes below 50 on the daily .I'd get out personally . If it doesn't it may well start to move up . You don't want any lower lows Just my opinion . I don't follow TOM's fundamentals so not sure what is happening there

[steve73] 08/11/2018 12:15

deano - forgot his password more likely...