Harbour Energy Share Discussion Threads

[marmar80] 14/11/2018 09:07

Time to buy. Oil will reverse any time.

[deanroberthunt] 14/11/2018 09:05

could be worse, ENQ is 22p, at 2 yr low!!!

[adg] 14/11/2018 08:56

mike, no matter what way you look at it the shorters seem to almost always have the upper hand/control

[adg] 14/11/2018 08:55

One thing mind you..... even if we get a stonking update tomorrow (which I don't think we will on debt reduction but might do on production outperforming....) then a 10% or even 15% hike isn't really gonna be game changing due to recent drop.
Agree with most that shorting in whatever guise should be illegal.

[nav_mike] 14/11/2018 08:53

onedb

We all know its crazy cheap, but there are those with seemingly bottomless pockets that just dont care and keep selling

Aside from the days when people thought PMO was going broke, ive not seen SETS action like this for ages

Will people with short postitions feel confident to hold ahead of tomorrows update, or will they just feel confident that they can control the price come what may

[adg] 14/11/2018 08:52

onedb1
I was told probably 7 or 8 weeks ago by IR that 1Q and 2Q average hedged figures were quite a lot higher than that figure - my notes are at other office so cannot reference them - maybe worth checking?

[deanroberthunt] 14/11/2018 08:46

we've had a years bear market in oil in a matter of weeks, cos of HFT algo's

[onedb1] 14/11/2018 08:43

Very roughly if we take $15 as the profit margin for the whole year and production 85k then this is trading at less than a PE ratio of 2 and cheaper than in q1 2018 . It's trading cheaper than some parts of later 2017 . A total nonsense . With a h1 2019 Hedge price already known as being at $66 . Massive panic as usual creates an opportunity for the very few . As I am clearly in the minority now

[deanroberthunt] 14/11/2018 08:39

now lower than 2016....pmsl

[nav_mike] 14/11/2018 08:34

250k @ 90.2
433k @ 91.74

some big off book trades already to follow those from yesterday

[deanroberthunt] 14/11/2018 08:26

If they haven't hedged more when Oil was $75+ up to $88....then we could be heading back to oblivion

[hoper2] 14/11/2018 08:16

America's oil production is up around 2 million bpd from last year, OPEC and co are producing at full belt and Trump has gone soft on Iran. I didn't, but we should have seen this coming.

[excellance] 14/11/2018 08:05

I don't think anyone saw this oil bear market coming, so deep and so quickly, and it changes everything for premier oil and others like GKP.

[onedb1] 14/11/2018 07:51

It is profitable with breakeven at $50 possibly just lower than that too . Surprised to read your question . Even at 65 this generates good cash .

[excellance] 14/11/2018 02:52

does this not present an excellent opportunity?

i cant believe how this has tumbled, and i wonder if this is even profitable with oil so cheap, and with a 7% fall yesterday i wonder how low oil could get?

regardless, i think we are near bottom, another sixpence lower maybe...

[steve73] 14/11/2018 01:48

Remember most of our gas (i.e. SE Asia) is sold related to HSFO (i.e. Oil price) in Singapore.

We don't have all that much gas in UK - at least not until Tolmount comes onstream.

Roll-on Thursday for an update.

[marvinridesagain] 13/11/2018 21:40

Fart will destroy the worlds economy if someone don't say enough is enough and stands up to this bully dictator.

Seems like we have been here before in history.

[dealer1972] 13/11/2018 21:39

Opportunistic bid could put the cat among the pigeons ;)

[s34icknote] 13/11/2018 21:34

Gas up 7.5 percent oil down 7 percent !!What a difference a month makes 144 to 85 p tomorrow !!! I was concerned I top sliced at 124 p too early !!!Sicknote

[hoper2] 13/11/2018 21:02

A few weeks ago I was a penny or two from doubling my money (25,000 at an average of 71p). By tomorrow I could be lucky to be level. That's life, on thursday they will most likely tell us the outlook is mixed because of the falling price of oil. I'll hang on until thursday, but then I might get out. Opec seem scared of Trump and he seems to have gone soft on Iran. If there's over supply the POO will keep falling.