Harbour Energy Share Discussion Threads

[johnwise] 22/3/2019 08:20

June meeting on OPEC:

“With the driver of the OPEC bus, Saudi Arabia, showing no signs of wavering in the face of renewed pressure from Washington, we believe that OPEC is likely to extend the deal for the duration of 2019 when they next assemble in Vienna in June,” RBC said.

RBC said Russia was only a reluctant partner in the supply cuts, but would “ultimately opt to preserve the arrangement and retain a leadership role of a 21-nation group that accounts for around 45 percent of global oil output”.

Beyond OPEC and Russia’s supply policy, oil prices have also been boosted by US sanctions on OPEC-members Iran and Venezuela.

Iranian crude oil shipments have averaged just over 1 million bpd in March, down from 1.3 million bpd in February and a 2018 peak of at least 2.5 million bpd in April, before the US sanctions were announced.

Venezuelan crude oil production has also dwindled amid US sanctions and an internal political and economic crisis, plunging from a high of more than 3 million bpd at the start of the century to not much more than 1 million bpd currently.

[seangwhite] 21/3/2019 21:15

Another day of FCF to pay down debt and get nearer to large prospects being monetized. A short holders nightmare!

[nav_mike] 21/3/2019 19:25

Another pretty substantial reduction in the AHL short of .13% (or over 1m shares)

May well be the bad guys are looking to leave town at last!

[s34icknote] 21/3/2019 14:15

Does Look poised to move up !Sicknote

[lageraemia] 21/3/2019 13:45

I think our customary daily trip to the races if about start.....

[s34icknote] 21/3/2019 11:16

Just needs the profit takers out the way for the next move up !Sicknote

[seangwhite] 21/3/2019 10:50

It is a slow process to get PMO back over 100p but each day the Company produces a significant FCF and we have Zama news to keep the future looking bright.

[lageraemia] 21/3/2019 10:18

Hot off the press there John (thanks in advance for the tick down as that's your style).

[johnwise] 21/3/2019 08:11

US Oil Price Hits $60 Per Barrel, Highest Since November 2018

U.S. commercial crude oil inventories plunged by 9.6 million barrels last week.


OPEC and its allies are succeeding in driving the price of crude oil upwards to levels not seen since November 2018 by sticking together to maintain massive production cuts.

Brent crude, the global benchmark, rose 0.6% to $68 a barrel, which is its highest price level in four months. The price spike was helped along by the federal Energy Information Administration (EIA) announcing that U.S. commercial crude oil inventories plunged by 9.6 million barrels last week.

[thefartingcommie] 21/3/2019 07:32

..what is the next resistance point chartists please?

c 100

significant band of overhead supply...100-108.....

then up to 125 ish

[qs99] 21/3/2019 07:21

Hopefully PMO will keep moving back towards £1 today....recent broker upgrades IMO have produced a very nice momentum....what is the next resistance point chartists please?

[gregpeck7] 21/3/2019 07:21

Agree they could be on the move..

[leoneobull] 21/3/2019 07:16

Good set of results from enq today !!

[steve73] 21/3/2019 06:48

More on the oil price(s).

Brent is in backwardation with front month $0.2 above the next. May 68.6, Jun 68.4
WTI otoh is in contango with front month $0.25 below the next. May 60.15, Jun 60.4

This tells me that WTI is oversupplied, and immediate loads are trading at a discount, whereas Brent (or the rest of the world) supplies are tight, and immediate deliveries are at a premium.

Almost a perfect situation to be in (unless you're a US shale producer.... LOL..)

[steve73] 21/3/2019 05:52

deano has been making some good long calls on ENQ recently - and getting some tick-ups..!

Marge has probably been fired for not making us all sell during this 50% rise since xmas. I'm sure he'll be back to gloat when we next fall, (probably from around the 170/180 mark...)

btw, WTI chart updated today with the outgoing April contract.

[osirisra] 20/3/2019 22:24

Great to have this rise but I am expecting it to fizzle out. We all know that PMO was one of the most shorted companies. As soon as the "Traditional" share dealing market starts to swing positive for more than a few days shorters will close out. That puts exaggerated upward pressure on the share price. Once shorts are closed out we will return to the traditional share dealing marketplace.
Will we see 100p before we start to plateau? I hope so but please don't expect PMO to continue going up by 4 or 5% every day for ever, that's not realistic.
Osi'.

[s34icknote] 20/3/2019 22:17

Brent still heading north above 68 dollars . Will be interesting to see if we push ahead again . Afternoon profit takers might regret selling too early . Enquest figures out tomorrow Sicknote

[seangwhite] 20/3/2019 20:11

Zama news due shortly let's see how its viewed as any sign of good results will send this higher.

[lageraemia] 20/3/2019 17:16

Think you're right Bonners...

[montevid] 20/3/2019 16:49

At 16:35 Hrs the trade below is recorded on Hargreaves Lansdown site, ):


16:35 - 20/03 Buy 104 1,226.00p £1,275.04

NOTE: the price paid for 104 shares is 1226p (i.e. £12.26)

Thereafter, there is a trade that appears to be the market maker balancing their books for the day (with a trade of 641363 shares sold for 93.4p.

Why would someone buy shares at 1226p?

[s34icknote] 20/3/2019 16:30

Oil stocks standing out in a red today generally ! Sicknote

[s34icknote] 20/3/2019 16:29

Personally can see this over 100p with out Zama news . Sicknote