Harbour Energy Share Discussion Threads

[manics] 20/4/2020 18:44

WTI down 87%. Hoooooly smokes.

[asusasus] 20/4/2020 18:01

It's quite possible, given the mass stockpiles that companies will have to pay people to get rid of it leading to a -$pb!

[ekuuleus] 20/4/2020 16:03

Hmmm. How about waiting until all storage facilities full. All refineries shutdown then Saudi russia Turkey off the oil pumps.

Oil price wont recover for rest of year so oil shales still slaughtered. Wait a year before restarting production?

[gtaval1] 20/4/2020 14:30

Maybe there is light on the Covid horizon and that is what is preventing the drop back to around those 16p lows.

[john09] 20/4/2020 13:57

So why isn’t PMO tanking? Answer - it will

[gtaval1] 20/4/2020 13:53

Classic supply and demand. Very unfortunate for holders, myself included, and fortunate for a certain crystal ball holding Asian hedge fund.

[owenski] 20/4/2020 13:46

Jeez, never thought I'd see POO this low.

[rose_by_another_name] 20/4/2020 13:23

Reiterate that Premier hedged 40% of the Group's
oil production for the first half of the year at
$64/bbl, so not entirely at the mercy of the spot
price. And 14% of the second half at $63.

[steve73] 20/4/2020 12:57

The outgoing May WTI contract now at just $12/bbl, although June looks a little better. Still both well below Brent though, which itself is still obviously well over supplied

[mhard1000] 20/4/2020 12:56

I meant oil down to $20 - so PMO retreat as it tracks oil

[mhard1000] 20/4/2020 12:55

This going back down to $20 before heading north in my opinion - it has to take out all those long trades before shooting back up.

[rose_by_another_name] 20/4/2020 10:26

Yes. I hold the bonds, not the shares, so
tenterhooks.

[rogerlin] 20/4/2020 08:35

It's a month since the conclusion of the court hearing, still waiting for the judge's decision.

[stansmith3] 20/4/2020 00:36

penny just droppedadg is marky

[andypop1] 19/4/2020 23:04

berber,
I understood the intent of the post, keep it up as we need a little humour in these trying times. Unlike some I don't mind if that humour is at my expense, evening adg.
Good luck.

Stanley,
The Yanks are unbelievable, did you see Trump's press conference on Friday?
The second wave is inevitable, they've not even contained the first wave.

Me and my family are all good now, this is going to be with us for a while so keep isolating.
I'm enjoying a few weeks off on a little over the minimum wage, only two weeks in though, I'm sure the boredom will hit me soon.

They will be giving WTI away for free soon!

Good luck all.

[markymar] 19/4/2020 21:25

Stan the wheels came off along time ago with you......

[stansmith3] 18/4/2020 15:31

andythanks for asking, we are in the at risk category and so are taking things one day at a timethe wheels are certainly coming off the lockdowns in the usa, here will be next, amazing that still 2000 new cases daily in ny, despite lockdowns, does look to be setting up wave two unfortunatelyhope you and family are well

[andypop1] 18/4/2020 00:16

Berber,
I have said many times I would have preferred to see the reckless acquisition play out without the Coronavirus in play.
None of us saw it coming but when it was clearly visible on the horizon we had the likes of adg telling punters he was averaging down, we even had a “GP” on here telling us the press were misreporting the gravity of the situation.
There are many fraudsters on these boards who claim to be something they are not.
Do you honestly believe the UK government would save PMO should they fail?
Is it safe to assume you are comfortable with the directors taking their bonuses when shareholders are sat on massive losses despite your comment about employees?
Most importantly, should I go to the Saudi embassy?

[berber1] 17/4/2020 23:31

Andy/ Stan, Even BP, Shell, Exxon and all oil majors were badly affected by the event of the corona virus, whole economies of major nations are on the verge of collapse and being subsidized or propped up by their own governments by breaking all their own rules and regulations. And all you are concerned about are minnows like PMO and ENQ, fighting for their own survival in very tough environment ruled by scavenging Hedge funds in collaboration with fake news.
The drastic fall of these shares was caused by the Corona Virus Pandemic, nobody was expecting that not even you Andy. Carrilion, Thomas Cook, Flybe were badly mismanaged that is why they collapsed it is a shame, as all these directors always escape with big salaries and pensions while the average worker loses their livelihood.. PMO, ENQ, TLW are struggling because of the collapse of the Oil price, and they are still surviving against all odds, I salute their managers and leaders.

[andypop1] 17/4/2020 23:03

Stanley,
I hope you and your family are safe and well.

[andypop1] 17/4/2020 23:01

Talking of Toulmont, how can the company make it pay at the current UK natural gas price given the commitment to the partner financing agreement?



The proposed acquisitions must be racking up losses that the company will be liable for.

The company has mismanaged the finances for too long.

Good luck all.