Harbour Energy Share Discussion Threads

[ny boy] 11/7/2019 09:19

Holding for test of 112p resistance, will sell a % there or if a quick breakthrough hold the entire stake into next year.

Chart technicals look good for a strong recovery.

Will add a few more here, if my “retire early stock) - (STX) delivers the loot on or around 27 July

[beatley] 11/7/2019 09:16

Whiskey,


Yup, horrible numbers,yet someone is still willing to lend them $500m, even if it does come with a high interest rate. The business model for these shale mid-caps doesn't stack up for me, they might make a profit on paper due to the low DD&A charges, but the cash flow statements look horrible. I would expect that trend to continue when the H1 results are released.

[whiskeyinthejar] 11/7/2019 08:27

Beatley, I had quick look at $CDEV(Centennial Resource Development):

Q4 Q1
boepd 69,609 72,035
EBITDAX $165.7m $141.1m
Capex $282.1m $245.2m
of which drilling:
$199.2m $188.4m

So typically for shale, they are spending more on Capex than they are generating in cash (EBITDAX).

Seems misleading to me because shale is a factory process so that drilling cost is actually part of cost just to maintain production. So they aren't really covering costs at current oil price at all.

[crowyogapose] 11/7/2019 07:48

Hot stuff in Iran. PMO on a flyer

[beatley] 11/7/2019 06:25

Good article, the access to reasonable levels of financing will be an important factor for the shale boys going forward. Very difficult to raise equity when your share price is in the gutter, the majority of the shale companies have charts not too dissimilar to our own.There's an argument to say the cost of the debt will just get more expensive than drying up. $CDEV raised $500m back in March but at an interest rate at 6.9%, which is fairly expensive but then it's still less than our average cost of financing.

[crowyogapose] 11/7/2019 00:04

New York (CNN Business)US oil surged above $60 a barrel on Wednesday amid worries that Tropical Storm Barry could derail crude production in the Gulf of Mexico.

US oil futures for August delivery settled 4.5% higher at $60.43, according to data from CME. That's a seven-week high and the first time futures have edged above $60 since May 22, according to Refinitiv.

[stansmith3] 10/7/2019 23:24

I would have thoufht some brexiters would have been on by now complaining about the UK being Trumps lapdog?what happened to this new world order of getting out of the planets most successful club where we are a senior member and standing on our on two feet regardless of the consequences ?

[leoneobull] 10/7/2019 21:09

Muppets r ushttps://www.independent.co.uk/news/world/americas/us-politics/trump-memo-brexit-liam-fox-meeting-trade-talks-ivanka-cancel-wilbur-ross-twitter-a8997681.html

[leoneobull] 10/7/2019 20:59

Coming soon to a tax haven near you!https://www.independent.co.uk/news/uk/home-news/jim-ratcliffe-monaco-tax-avoidance-billionaire-ineos-john-mcdonnell-a8783626.htmlAnother leaver like dyson who supports hypocrisy over all other considerations

[whiskeyinthejar] 10/7/2019 20:48

I think so. I posted Berman's take on this recently (46032). He believes falling rig count is sign of companies working on their DUC inventory. There'll be a good reason why they are left uncompleted though,some maybe waiting better oil prices.

[lageraemia] 10/7/2019 20:19

They've got a huge stock of thousands of DUCs (Drilled Uncompleted Wells) in the Permian haven't they?

Capital will flow towards that I assume.

[whiskeyinthejar] 10/7/2019 19:58

Capital for shale is drying up- bond issuance and equity issuance.

Which has implications for U.S. production growth forecasts:

[whiskeyinthejar] 10/7/2019 19:48

Yeah, but the Hurricane Center reckon it will hit the Gulf Coast as a hurricane. Heavy rain in Texaas, 20-30 inches in Louisiana



It's going to disrupt shale patch.

[lageraemia] 10/7/2019 19:41

STORM BARRY!!!

What a name. Bazza!!!!

[asa8] 10/7/2019 19:36

The problem is not European migration it’s from outside that’s what brexit was about but they couldn’t use that don’t forget once they have a European passport there free to travel anywhere if the useless politicians had done there jobs that they were paid to do and sorted immigration out there would never have been a vote most sane people want immigration sorting out problem is left wing liberals like Leon think there right all the time

[whiskeyinthejar] 10/7/2019 19:24

Storm Barry:

Giovanni Staunovo 🛢@staunovo
BSEE estimates that approximately 31.89% of the current oil production in the Gulf of Mexico has been shut-in, which equates to 602,715bpd. It is also estimated that approximately 17.85% of the natural gas production, or 496.2 mcfpd in the Gulf of Mexico has been shut-in. #OOTT

[manics] 10/7/2019 19:11

Oil tho. Up a lot.

[crossing_the_rubicon] 10/7/2019 18:05

"WhiskeyInTheJar10 Jul '19 - 16:17 - 46090 of 46095
I think:
Crossing_the_rubicon = WBecki = Fangorn"

Keep thinking what you like.
Never heard of them.

[leoneobull] 10/7/2019 18:00

Great that the UK is leading the way with an unelected House of Lords and a democratic election to choose our next PM with 0.2% of the geriatric electorate voting and a campaign dominated by the unelected in Westminster CEO of the Brexit Party who draws his salary from Brussels.I can see why our international reputation remains undiminished...

[lageraemia] 10/7/2019 17:17

Gammon is a state of mind.

[zztop] 10/7/2019 17:15

I thought we all tasted of gammonYer know long pig....