Harbour Energy Share Discussion Threads

[iamgreat1] 12/4/2020 23:20

US crude down over 6%

[newswseller] 12/4/2020 23:16

Oil down over 3%

[advfn137] 12/4/2020 22:53

I dont think theres gna be much of a drop in the share price come tuesday.The news just means the rise to 60p will take a lil longer. Think long term. Try not looking at this on daily. GLA

[technovator] 12/4/2020 20:22

so it's blood bath Tuesday I am afraid, no pain intended , just pointing out the obvious!

[technovator] 12/4/2020 20:19

Brent crude future opens at 11pm tonight... I don't think it will be pretty!!!!, the LSE & PMO etc doesn't open until 08.00 on Tuesday due to Monday being a bank holiday.

[stansmith3] 12/4/2020 19:55

yes, especially so for those who werent holding from 90-120spare a thought for them, many on here are in that positionim sure they appreciate your retro trading thoughlol

[markymar] 12/4/2020 19:52

Using current production levels, almost 19 Million barrels will be taken out as of 1st MayThat should put between $10 to $15 on current oil priceHappy Easter Stan,looks like the Easter Bunny come for some who bought in 16p

[markymar] 12/4/2020 19:43

Stan you thicky its Bank holiday tomorrow so stockmarket closed so go and find some crayons to draw with.

[patience a virtue] 12/4/2020 19:33

Stan, do you know where Andypop is as well, hidden under his mum’s bed? His doom and gloom posts together with yours certainly give a balanced(?) view to this board, I wish.
Happy Easter everyone.

[technovator] 12/4/2020 19:17

I hope you T20 punters sold on Thursday?

[markymar] 12/4/2020 18:51

Might get there a bit quicker Stan as OPEC going to cut 9.7 million barrels of oil a day

[stansmith3] 12/4/2020 18:07

yeah only 60p to go to get back to this is undervalued levelslolwhere is as adg, onedb1, fartinthejar, these days, hiding under their mums bed?

[molatovkid] 11/4/2020 17:30

All looking good to me!

[gcd1] 11/4/2020 16:33

Lets hope so swerves1

[swerves1] 11/4/2020 15:45

Now could be very good!

[alistair4444] 11/4/2020 14:09

Sat 11th April 2020

G20 backs largest oil supply agreement in history

US and others throw weight behind Opec and Russia’s production cuts

Confirmation of the deal was delayed by Mexico’s refusal to make large cuts to its own oil production, defying Saudi Arabia’s push to have all countries in the Opec+ alliance cut an equal share. 

The US, Russia and Saudi Arabia, the world’s top three oil producers, all endorsed the agreement to cut production, with Donald Trump, US president, saying that the US would help Mexico “pick up some of the slack” to smooth the deal’s progress.

The communique from the G20 meeting said members would “commit to take all the necessary and immediate measures to ensure energy market stability”. In a reference to the Opec deal, the communique “recognise[d] the commitment of some producers to stabilise energy markets”.

Brent crude oil, the oil benchmark, initially rallied on Thursday before dropping almost 15 per cent from its peak, back to near $30 a barrel.

It traded at $70 a barrel as recently as January, before collapsing to near $20 at the start of this month. Markets were closed on Friday for Easter.

But an oil market in which the world’s most powerful energy producers are co-ordinating, at least to an extent, is widely seen as more stable than one left in freefall.

“Even if poorly implemented, the agreement is substantial, and will make a difference to the market,” said Ann-Louise Hittle at Wood Mackenzie.

Additional reporting by Jude Webber in Mexico City and Demetri Sevastopulo in Washington DC

The Financial Times Limited 2020. All rights reserved.
Oil & Gas industry

[iamgreat1] 11/4/2020 12:57

Could be very bad week for oilers