Harbour Energy Share Discussion Threads

[jungmana] 13/3/2020 11:05

Very possible as is too oversold with the good update settling nerves. 2 weeks back was 105p to 22p today .

[leoneobull] 13/3/2020 11:03

Tlw will be fine . 57 USD hedges 45000 a day. Yes breakeven higher at 45 usd but that is much lower than your average sovereign oil exporting producer

[y1phr1] 13/3/2020 10:54

Back to 60p next week lads.

[ginko3] 13/3/2020 10:47

Quick, close your shorts you stupid MF's this is only going one way now!!

[deanmatlazin] 13/3/2020 10:41

cheap as chips. am sure in few months oil will go back above $50/bbl.

am hoping for at least 40p very soon. GL

[jungmana] 13/3/2020 10:40

Should not have dropped below 20p imo. Should be back to 30p today if momentum continues

[datait] 13/3/2020 10:37

Buys relentless 80p soon enough

[whites123] 13/3/2020 10:02

China reports lowest increase in reported Coronavirus cases..

Lets raise our heads above the parapit now and ask..

What do people think the result will be in a week or two when China returns to work?
It will be full steam ahead at record pace.
Instead of working 15 hour days people will be working 20 hour days, oil demand will go through the roof.

The Coronavirus and saudi spat are both temporary, when the rebound comes it will be fast and furious.

I "Hope" PMO management have something up their sleeve to trap ARCM and create a short squeeze of epic proportions.

Oil going through the roof will provide a stimulus to send this back to close to a £1.00, a squeeze on ARCM could send it massively higher.

[john09] 13/3/2020 09:46

The difference between Tullow and Premier statement huge. One said if oil remains the same they’d potentially have issue as a going concern . The other said even if oil stayed at this level for a year they’d break even and have half a billion of headroom and liquidity

[crossing_the_rubicon] 13/3/2020 09:38

As an aside, anyone notice little change at the Petrol pump. £1.15 / litre.
Despite a massive drop in POO.

Not noticed much change pump side my side at all.

[whiskeyinthejar] 13/3/2020 09:37

My worry is the covenant test is quarterly. EBITDA to debt ratio is the test. If they fail test, will lenders be reasonable?

[costax1654x] 13/3/2020 09:36

Sold here bought Tlw!GL

[dickiebird2] 13/3/2020 09:32

Shorts had there day yesterday !!

[qs99] 13/3/2020 09:30

Great RNS. IMO Russia nor SA can afford a protracted price war so that will get sorted....let's see...RNS this morning provides clarity at $35 pb, yes economic shock at moment on "virus shut down" but again, that should pass. Priced to go bust at the moment IMO and not sure that is the case. Well done those in at 16p, nice profit already, but these were 5 times this value 2 weeks ago DYOR

[greco600] 13/3/2020 09:19

I paid bang on 16p this morning which I was happy with

[jungmana] 13/3/2020 09:14

Am here for a 3 to 4 bagger hopefully within 6 months. Average about 16p.Today's update simply shows the company will get through this tough economic times caused by cv.

[greco600] 13/3/2020 09:06

Will it go much higher....Today I'm unsure but would like to think so. Over a few weeks it will be much higher.

[andypop1] 13/3/2020 09:05

Virtue,
Yes they got lucky, as I've said before I would have preferred to see it played out on a level playing field, we could have learned a lot more that way.

Whites,
Don't forget the company gave ARCM the circumstances and opportunities to take their position, they are just a symptom, not the disease.

Hats off to the market makers this week, they have played a blinder in creating a market, it looks like they are playing to the crowd again today!
Good luck.

[heialex1] 13/3/2020 08:45

Agreed. The question for PMO, TLW, ENQ and other is whether they are in the weakest 5-10% of producers, I.e. can they survive. They are essentially being priced with a very high probability of failure, so if they survive they will ultimately trade several times higher.I have bought a little of all three essentially as options. Maybe foolish but worth a roll of the dice

[dickiebird2] 13/3/2020 08:45

Buy forget about them for 6 months !

[deltalo] 13/3/2020 08:41

We're on the edge of a global recession, it always hits oil prices first. Gold bullion is the best investment as countries buy it up in recessions. With many Airlines grounding flights and cruise bookings down 60 percent, oil production will have to decrease. The oil prices doesn't make it profitable and many small produces will shut down.

[heialex1] 13/3/2020 08:32

The virus will pass, but the bigger issue is the price war between Saudi and Russia... 2-3m non-OPEC barrels need to come off the market. How long will that take?