Harbour Energy Share Discussion Threads

[crystball] 03/4/2020 12:06

Does anyone know what is happening about the court case judgement?

[pro_s2009] 03/4/2020 11:25

The joint 88E/PMO Charlie-1 well wireline logging results are due Monday morning most likely, so Monday will be a big mover day, up or down for both PMO and 88E.

[johnwise] 03/4/2020 11:08

Saudi Arabia has called for an urgent meeting of the OPEC+ group and other countries in an effort to reach a fair agreement to restore the desired balance of oil markets, state media reported..

[oilhunter2020] 03/4/2020 10:54

Brent +10% to $33 :-)

[molatovkid] 03/4/2020 10:20

A resurrection of biblical proportions wouldn't go amiss.

[qs99] 03/4/2020 09:28

hehe, we've all gone biblical on here....

[y1phr1] 03/4/2020 09:23

21 commeth.

[qs99] 03/4/2020 09:15

and lo, as I speak 20p commeth hehe

[john09] 03/4/2020 09:12

Brent at $32

[qs99] 03/4/2020 09:11

thanks and would tend to agree based on current momentum....DYOR and 20p commeth

[john09] 03/4/2020 09:11

Oil on the move again

[oilhunter2020] 03/4/2020 08:59

@QS99
If the PoO is really going to stabilize at higher level (which means in the 30s) I expect a further upmove here.

And again, we still have a huuuuge break away gap in the range .60 to .80 and I expect that PMO share price will close it. Maybe not this or next week but mid to long term....
Just my 2 cents.

[oilhunter2020] 03/4/2020 08:56

Its out:
videoconference of OPEC+ incl. other majors like Russia on Monday 6th of April
Target: Stabilisation of global oil market!

[qs99] 03/4/2020 08:52

Agreed.....looks like Trump really needs a deal and will push that with Russia and SA IMO....which may see oil back above $40ish....as demand is going to be rubbish for a while IMO....but that should at least see a spike in oilers PMO to 25-30p do you think? DYUOR

[7rademark] 03/4/2020 08:51

Given the current market conditions surely the best play is to buy oil companies and then the banks later. It seems obvious to me so will the money agree.

[oilhunter2020] 03/4/2020 08:48

At least PoO turned into green again --> brent 6% up again over $31,7

I guess today we will see another communication from Trump regarding the outcome of his meeting with the US oil majors.

Next week obviously OPEC emergency meeting which clearly shows imho, that cost and cash pressure is on the parties and they need to come to a compromise or sooner or later all involved get doomed.

Beside that beginning of next week another update from Alaska expected.
Beside that the jugdement from court case still pending.

I for myself would not short PMO right now.....

[qs99] 03/4/2020 08:36

Can this trend towards 20p again with expectations of at least some deal in short order? DYOR

[adg] 03/4/2020 07:54

I wonder if discussions between main parties are being had for alternate arrangements being made behind the scenes?
Could explain delay - judges & clients counsel have been known to assist “arbitrating” a mutually acceptable outcome at times - no idea if that would apply to this... just an idea/thought

[john09] 03/4/2020 07:54

Looks like tullow will be having a good day. Imagine this one will lift in sympathy too. Plus there’s finally some oil speculation with that trump tweet

[crystball] 03/4/2020 07:38

When might we expect the outcome of the Edinburgh court hearing?

[oapknob1] 03/4/2020 05:42

PoO down 4.8% ? Hoping for rise again before open.

[t 34] 03/4/2020 00:04

Does PMO need the oil price of at least $37 per barrel to be profitable ??

[andypop1] 02/4/2020 23:13

A very good day today for the brave souls who took a punt and of course the retro traders.
Let's hope Trump wasn't firing from the hip, not that he has form for it, and that all parties sit down around a conference call to agree a cut.
I would hate to dampen spirits on what is a welcome rise but this time last week PMO closed at 18.70p, some would say it is performing more like an AIM listed company not a FTSE 250 company.
Sorry, I forgot!
Good luck all.

[john09] 02/4/2020 17:57

Expecting a good day tomorrow