Harbour Energy Share Discussion Threads

[eentweedrie] 23/11/2018 08:44

yes it looks like it

[deanroberthunt] 23/11/2018 08:33

same pattern, will be down another 5-6% by close

[datait] 23/11/2018 08:30

This is now the bottom ya fannys.

[deanroberthunt] 23/11/2018 08:20

now lower than in early 2016

[deanroberthunt] 23/11/2018 08:19

Merry Xmas PMOers.....

[bigsi2] 23/11/2018 08:18

Almost certainLooking for 63-64 before buying- would be a bargain

[deanroberthunt] 23/11/2018 08:17

here come the 60's

[jelenko] 23/11/2018 08:10

$73 average will do us just fine. Slowing demand "growth" still equals growth of over 1m bpd. The Saudi's will cut, they may not admit is but they will cut. They never told the world that they were pumping more oil to compensate for Iran sanctions but they were doing it behind the scenes. But $73 average would be great for PMO.

[markymar] 23/11/2018 08:09

Happy with €73 as will bring debt down,catcher ramped up higher now,debt falling and about to start to drill in Mexico

[deanroberthunt] 23/11/2018 08:09

it's actually funny now...71p

[ny boy] 23/11/2018 08:00

Grim outlook for 2 years

JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019 — down from the investment bank’s previous forecast of $83.50 a barrel.

Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC demand growth will weigh, particularly after the Organization of the Petroleum Exporting Countries (OPEC) agreed to ramp up production earlier this year.

Slowing demand growth will weigh on prices in 2019 and 2020.

[deanroberthunt] 23/11/2018 07:35

everything is irrelevant at the moment...just in a death spiral

[leoneobull] 23/11/2018 07:33

Premier has taken advantage of the improved oil price environment to increase its hedging position in 2019 to protect future free cash flows and covenant compliance. The Group's current hedge position to the end of 2019, representing over 30 per cent of forecast oil entitlement production, is as follows:2019 Oil swaps / forwards2019 1H $69.12019 2H $72Volume (mmbbls)3.52.8Average price ($/bbl)

[deanroberthunt] 23/11/2018 05:58

IR said "institutional Investors are still supportive"....what, of a fund raise.

[leoneobull] 22/11/2018 23:00

Finally Dean gets his contribution to the pmo board

[cumnor] 22/11/2018 21:52

The issue with PMO for the shorters is not POO, despite premier saying markets are playing it against the oil price. Markets see a CEO who has not dealt with the debt and are playing it. If Durrant wants a higher mrkt cap then he needs to organize an asset sale of c $500ml-and they certainly have them- would transform thee markets perception of risk and investment grade. The shorters would back off-but Durrant seems incapable of grasping this fact. My favourite would be the falklands. PMO is quite profitable at $60 but the debt, not this, is emboldening the hedge funds.
Waiting to pile in as I think Putin wont allow Trump (or even the Saudi's) play too hard and fast with POO-their main resource. In fact if the West comes on too tough with the Arabs and China you could see new alliances in the ME (SA, China, Russia, Turkey, even Iran) which would have seismic implications of Israel, US foreign policy and POO. Don't be surprised as I feel many are getting sick of the West's preaching to the ROW about bulls..t. imo

[whiskeyinthejar] 22/11/2018 21:42

Saudi Arabia is already cutting exports aggressively:


"HFI Research@HFI_Research 2h

Superb report by Morgan Stanley today on the upcoming OPEC meeting.

Data from @ClipperData in the report confirms the lower exports to US from Saudis and others we are seeing."

[ny boy] 22/11/2018 21:34

Trumps too busy getting ready for the migrant Caravans

[marvinridesagain] 22/11/2018 21:32

Trump is a threat to world economies, something not seen since the 1st and 2nd world wars.
I used to think he would make great changed but it seems having Quasimodo running the world is a bad idea.

[whiskeyinthejar] 22/11/2018 21:26

Trump has actually been widely mocked for thanking Saudi for cutting the oil price. Including by Fox, his favourite tv channel. The fall in oil prices hasn't been a win at all for Trump.



“Speaking of Thanksgiving, President Trump today out with a new message for Saudi Arabia. Remember yesterday, it was ‘we’re standing with you, Saudi Arabia’ even though the CIA has concluded your day-today ruler prince ordered the killing of an American journalist and columnist. Today the message is we thank you, thank you Saudi Arabia — not for the murder and dismemberment but for the drop in oil prices,” Smith said.

The Fox News host went on to suggest that Trump was “confused” about how oil prices worked.

“None of this is sitting well in D.C. Some lawmakers from both parties are slamming the president for his comments, accusing him of showing weakness and undermining the nation’s values — money over morals,” Smith added.