Harbour Energy Share Discussion Threads

[pro_s2009] 30/3/2020 09:09

PTAL is in an excellent position. Zero debt, cash rich and with guaranteed offtake as Peru is a net importer of oil.

Very relaxed with PTAL, they will survive.

[up just a little bit] 30/3/2020 09:08

Not that these figures are totally correct. They have a certain hedge to factor in.

[oilhunter2020] 30/3/2020 08:58

Thank you! Yes, that quite high.

Nevertheless I speculate on 3 things which might help the share price of PMO:

1. I still believe in an agreement between the oil majors to overcome that dumping POO.
2. I see a good chance of a success in Alaska and PMO share price should benefit from that (maybe not as 88E but a bit).
3. In 80% of all cases break away gaps are getting closed and beginning of MArch we saw a huuuuuge gap here.

Of course there are also many risks on here. Just my thoughts.

[pro_s2009] 30/3/2020 08:41

PMO is on EV/Flowing barrel of 51.5$ which is high, not a good place to be.

If you cannot see the chart in my earlier post, you probably have an adblocker or something blocking it.

I had to white list ADVFN.COM on all my adblockers before everything works as normal and you see all the posted pics.

[oilhunter2020] 30/3/2020 08:36

Hi Pro,
and where is PMO in that chart? Whats the EV? PMO overvalued?
Thanks

[pro_s2009] 30/3/2020 07:52

EV.......the Enterprise Value in the share price per barrel of oil produced.

EV is Market cap less cash plus debt plus future liabilities basically and simply.


The higher the EV per barrel of flowing oil the more overvalued the company is.

[amaretto1] 30/3/2020 07:39

U mean lifting costs .. break even ? What ?

[pro_s2009] 30/3/2020 01:47

Interesting chart taken from Twitter, cannot comment on the accuracy but it shows a good spread of how valuations are per flowing barrel of oil.




.

[stansmith3] 30/3/2020 01:00

andystill people on here and enq talk about hedges....master gaslighter broke cover on enq and gave a buy rec at 8.4, currently at 7.6....as if we didnt know how bad his TA is..onedb very quiet, no doubt he sold in feb....

[andypop1] 29/3/2020 23:31

Oil is getting hammered in early Asian trading, little brother have you got any words you would like to share?
RIP PMO.

[andypop1] 29/3/2020 22:00

And as for the war criminal Blair saying we should all be tested, unfortunately there is not an endless supply of test kits and qualified technicians to analyse the results. What would be the point of testing someone showing no symptoms?
The government has rightly started testing key workers showing symptoms in an attempt to get them back on the front line.
What we need is a reliable antibody test so we can get workers back filling the treasury coffers, I'm sure Amazon will do their best in rolling out the self test kit when it has been proved to be accurate.
Stay safe and good luck tomorrow.

[andypop1] 29/3/2020 21:35

Stanley,
From memory you were one of the first to mention the cost of tanker storage rising, that storage will soon hit a critical point forcing producers to stop producing as they will have no market to sell to.
The global economy is going to take years to recover from this, ARCM were prudent to hedge the debt.
I have to disagree with your view of our politicians, I think Boris and his team are doing a sterling job and should be praised for their frankness (with the exception of Gove), my view is backed up by the latest polls. I was amazed at how China built a hospital in a matter of days. We have beaten that with the efforts of the armed forces coupled with construction workers to create a 4000 bed high dependency hospital at the Excel.
Together we will beat it, will PMO?

[fsawatcher] 29/3/2020 21:01

oil worthless now

it be worth a few dollars when demand get back to normals, in 2024 when glut gone

[stansmith3] 29/3/2020 15:09

millieyes, lots still moving around, but lots idled too, no idea of percentage , it seems like more than 20 though, 95% less aeroplanes at the international airport i live close to, no traffic on my local motorway, seems repeated all over europethe major areas in the usa are under similar restrictions, if anything it seems more and longer lockdowns are more likely than easingif easing occurs it will be limited by the rolling nature of the spread, south america and russia just starting to be hit etci think it looks bleak throughout april and beyond and the stock market lows have yet to be arrived it, if im wrong, i miss outit takes many months to drain inventories at the best of times, with a world wide economy running at 70% (number out the air) we better hope supply is equally affected

[turvart] 29/3/2020 14:05

Leoneobull,

Can you please post that evidence that I said that in TLW because I think you will find you have made a mistake, IMO I never said such thing!

[milliecusto] 29/3/2020 13:55

Industry, ships etc, vital transport, buses, Lorrie's etc

[leoneobull] 29/3/2020 13:43

Turvart. On the tlw bb a week ago you were forecasting a collapsing oil price and a bankrupt tlw. Now here you are suggesting a higher oil price on pmo.

[stansmith3] 29/3/2020 11:54

markyfunnily enough people were saying exactly the same thing last year, although they had 200 in mind, not 20

[manics] 29/3/2020 09:56

"The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world's largest economies.Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are starting to shut down because nobody needs the fuels they produce. In physical oil markets, barrels are already changing hands for less than $10, and in a few landlocked markets producers are paying consumers to take away their crude". hTtps://www.bloomberg.com/amp/news/articles/2020-03-29/the-global-oil-market-is-broken-drowning-in-crude-nobody-needs

[qui quaerit reperit] 29/3/2020 00:39

SCIENCE NEWS 28.03.202016: 41https://www.google.co.uk/amp/s/m.gazeta.ru/amp/science/news/2020/03/28/n_14218723.shtml Russia, presented a cure for coronavirus The Federal Biomedical Agency has introduced a medicine for the treatment of coronavirus based on the antimalarial drug mefloquine, the press service of the FMBA of Russia writes. "The Research and Production Center Pharmzashchita of the FMBA of Russia, taking into account Chinese and French experience, has developed a treatment regimen for coronavirus infection based on the antimalarial drug mefloquine," the report said. It is noted that the Agency proposed to include the development in the guidelines of the Ministry of Health for the treatment of coronavirus. Also, the drug can be used to prevent the virus. On December 31, 2019, Chinese authorities announced an outbreak of pneumonia in Wuhan. The causative agent of the disease is a new type of coronavirus, which is given the official name COVID-19. On March 11, the World Health Organization (WHO) announced the outbreak of the new coronavirus pandemic. According to recent data, in Russia 1264 cases of infection with a new type of coronavirus have been identified.

[andypop1] 28/3/2020 23:25

Marky,
We are West of London, Hong Kong, so not in the hotspot, me and the wife were in Valencia for a week in February and both had symptoms of the China virus after we returned so hopefully we have had it and have infected our kids (not that they are kids any more).
Charlie 1 will not save you.
Good luck all, night.

[milliecusto] 28/3/2020 23:18

https://www.orbex.com/blog/en/2020/03/usoil-impeding-triangle-breakout

[milliecusto] 28/3/2020 22:54

The US economy has come to a standstill, satellite imagery shows https://www.cnbc.com/2020/03/28/the-us-economy-has-come-to-a-standstill-satellite-imagery-shows.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard