Harbour Energy Share Discussion Threads

[sbb1x] 21/4/2020 07:30

Tlw new ceo Rns

[1corrado] 21/4/2020 07:08

buy below 6p is a fair amount to pay for bounce to 10p and then say good bye and thank you for the profit.

[buywell3] 21/4/2020 04:47

Oilies have had this coming IMO

Unethical investment IMO

buywell sheds no tears

dyor

[andypop1] 20/4/2020 23:08

Well when I said they would be giving WTI away last night I was wrong, they were paying to get rid of it!

White’s report from

gave a good summary, white, you should always mention the source to avoid copyright infringements.

The current spot price for WTI is around $12 and the June contract for Brent is $26, neither are good but do not point to an open of a penny or 5p.

The future contracts for Brent do paint a bleak picture for PMO who need $35 to be cash flow neutral (ignoring interest payments), and then there is the UK natural gas price where we need to consider the Toulmont finance partners entitlement.
This is a car crash waiting to happen!

hxxps://uk.investing.com/commodities/brent-oil-contracts



Some praise should be given to Stanley who was the first to mention the lack of global storage that has played a part in creating today's history.

Good luck all.

[onjohn] 20/4/2020 21:16

Coronavirus: US oil price plunges below zero for first time in history as pandemic hits demand
The plunge into negative territory saw the bizarre situation where traders were being paid more than $40 to buy a barrel.

[whites123] 20/4/2020 21:14

June delivery trading at $21.
Messages from numerous countries is that lockdown restrictions are being lifted slowly and economies are starting to ramp up.

I like your prediction of $10, however I believe that we will likely see WTI trading > $30 and upwards.

I also like your comment about Air quality in many cities improving.....
You really shouldnt be travelling you know.... You should be staying at home...

[buywell3] 20/4/2020 21:07

OIL will be trading around $20 in the morning IMO

However the OIL futures market action has indicated where the price is heading

Lower and IMO 10$ is now possible

Air quality in many cities has been improving of late buywell has noticed

dyor

[whites123] 20/4/2020 21:04

If people understood contracts they would know that after Tuesday WTI is likely to jump to $20.

Something that’s never happened in the oil market is happening today: Negative prices for oil contracts.

While many people may see this and think the overall price of oil is negative, there’s nuance. The short answer is that no, not all oil is free.

The picture in the market is not as bleak as this eye-popping headline would suggest.


Futures contracts are tied to a specific delivery date. Toward the end of a contract’s expiration date, the price typically converges with the physical price of oil as the final buyers of these contracts are entities like refineries or airlines that are going to take actual physical delivery of the oil.

Futures contracts ultimately are contracts for physical delivery of the underlying commodity or security. While some people in the market speculate on the contracts, others are buying and selling because they have use for the commodity itself. Near the contract’s expiration, traders just start buying the next month’s futures contract. Those who stay in the position to the final day are typically buying the physical commodity, such as a refiner.

The West Texas Intermediate crude contract that fell more than 100% on Monday is for May delivery, and it expires Tuesday. With the coronavirus pandemic leading to unprecedented demand loss, and with storage tanks quickly filling up, there is no demand for this oil contract expiring Tuesday.

That’s why it turned negative, meaning producers would pay to get this oil off their hands because there is no one that needs that oil this week with the country shutdown.

Futures contracts trade by the month. The contract for June delivery traded 16% lower at $21.04 per barrel.

So after that contract expires on Tuesday, oil will be back above $20.


PMO is traded Brent.
Brent is currently around the $26 barrel mark.
Some people really do need to engage brain and understand what they are commenting on.
It really does show up some commentators ignorance here.
Astounding.

[datait] 20/4/2020 21:02

cracking fanny

[this_time_its_different] 20/4/2020 21:00

smashing pair of t-i-t-s

[onjohn] 20/4/2020 20:50

Buy below 6p

[onjohn] 20/4/2020 20:49

Is this one finished

[sux_2bu] 20/4/2020 19:59

1corrado20 Apr '20 - 19:54 - 49648 of 49648
0 0 0
happy days will buy below 5p happy days ha ha ha ha the end is near





If the end is near, why would you buy below 5p?

[1corrado] 20/4/2020 19:54

happy days will buy below 5p happy days ha ha ha ha the end is near

[investordave] 20/4/2020 19:43

The share price will be up tomorrow in my view.

[john09] 20/4/2020 19:32

I’m amazed this stock was not dumped in the last hour or so of trading. You had time. Amazed. Presumably a gap down tomorrow after a 10 min auction

[datait] 20/4/2020 19:31

oil stocks crashing in the morning top up and forger all about them.

[chinahere] 20/4/2020 19:28

It's gone negative now I think. They pay you to take it away.

[spacecake] 20/4/2020 19:26

Time to turn those robot trading black boxes off !

[datait] 20/4/2020 19:24

0.01 now should see this crash to 1p tomorrow.

[manics] 20/4/2020 19:08

I....didn't believe you and just checked. WTI now at $0.23.Absolutely incredible.

[asusasus] 20/4/2020 18:58

It's now $0.30 per barrel.