Harbour Energy Share Discussion Threads

[advfn137] 08/4/2020 18:05

Anyone know any uk premarket scanners How to see which shares are going up before market opens?

[oapknob1] 08/4/2020 17:39

If they continue producing at a loss they are in trouble. If they don't cut in line with an OPEC agreement and keep pumping there is not enough storage or consumption to keep going. So they are in trouble. Saudi and Russia delayed the last meeting to see where the US were at. If they don't do their bit, private or otherwise then the Saudis will continue to flood the market.

[gcd1] 08/4/2020 16:48

I was thinking the same tidy2

[tidy 2] 08/4/2020 16:36

Held up well.

[crossing_the_rubicon] 08/4/2020 15:27

"US may have to accept any OPEC cuts and match them"

US oil production is by private companies. They do not have to do anything of the sort.

The fact is,however,US production will be seeing a 25% odd fall absent any Opec/Russia cuts.

Unlike Saudi / Russia where state owned enterprises/closely associated with govt are responsible for production, in the US it is completely different. Then there are anti trust laws as well preventing " price fixing/cartels pricing" so US Govt can agree to making cuts either!

[gunsofmarscapone] 08/4/2020 10:42

Interesting that Premier bolted from 88e, there was some evidence in the C-1 88e rns that the GCR was useless. Interesting part of the world, I bet they are working 24/7 to demobilise all the kit before gingerly shipping it over a frozen river.

[oapknob1] 08/4/2020 10:14

US may have to accept any OPEC cuts and match them if Russia and Saudi agree a deal on Thursday.
API figures on Tuesday show U.S. crude inventories jumped by 11.9 million barrels to 473.8 million barrels in the week to April 3 and gasoline stocks also rose by 9.4 million barrels. The biggest one-week gain in the API figures since January 2017.
U.S. crude production, to drop by circa 470,000 bpd and demand is set to drop by about 1.3 million bpd in 2020.
If US don't agree to a cut then they will do more damage to their own oil industry.

[tidy 2] 08/4/2020 08:50

Bought RRE also800m TAX allowance rebate on the books. MCap 120m. 360m cash. Profitable at $18 p/b. Dividend this month?

[steve73] 08/4/2020 07:50

IMO the only way OPEC+ would agree to a production cut would be if EVERY producer makes an equal cut... perhaps 25%.

Western governments COULD mandate such a reduction, but it would be difficult for them to justify deliberately causing the Oil price to rise at a time when they are recovering from the CV crisis, and they are trying to get their economies restarted (whether that'll be in 4 weeks, 4 months, or even longer).

The market can only be left to its own devices, to sink or swim as each company's costs of production dictate.

With careful further hedging into the futures market I think PMO can just about manage to survive, although it may almost certainly require further renegotiation of its debts.

JMHO, NAI.

[amaretto1] 08/4/2020 06:38

Every oil tanker is full

[amaretto1] 08/4/2020 06:37

They will have no option No world storage left !!

[stansmith3] 07/4/2020 21:29

joeadg is incapable of even the most basic rationaleas soon as he shown up he just gets nasty and moves the goal postsi think you were on the money with your earlier descriptionlol

[adg] 07/4/2020 21:17

No I’m not - it’s finished flat you broken brains
PS I’m not old

[joe king1] 07/4/2020 20:26

adg7 Apr '20 - 20:09 - 49419 of 49421
0 0 0
Dow up 250 points Brent down 89 cents
What planet you on broken brain ?
Pillock Cretin

..................................

Are you watching the DOW tank you old duffer

[joe king1] 07/4/2020 20:19

However, even if they do, a global production cut – even one as large as 10 million barrels per day (mb/d) – may only buy time as the oil market continues to collapse.

Estimates of demand destruction now top 20 mb/d. Some estimates even put the global glut at 35 mb/d.

A supply cut would delay the time at which global inventories fill to the brim, but as long as the pandemic continues to keep a few billion people on lockdown, the oil surplus will remain.



hxxps://oilprice.com/Energy/Oil-Prices/The-Worlds-Biggest-Oil-Deal-Cant-Save-Crude-Prices.html

[adg] 07/4/2020 20:09

Dow up 250 points Brent down 89 cents
What planet you on broken brain ?
Pillock Cretin

[onjohn] 07/4/2020 20:01

Sell in morning before 13p

[joe king1] 07/4/2020 19:56

DOW going red in 3 - 2 - 1........

[joe king1] 07/4/2020 19:55

Oil is tanking so you tell me to sell up at 1953 hrs ?

LOL

[oapknob1] 07/4/2020 19:53

Oh well, best you sell up then.

[joe king1] 07/4/2020 19:04

oil tanking