Harbour Energy Share Discussion Threads

[csmwssk12hu] 08/2/2021 14:56

Love music one of my favourites Is anybody going to San Antone or Androssan KA22

[csmwssk12hu] 08/2/2021 14:54

By the summer, the vaccine should be widely provided and just in time for summer travel and I think things are going to go gangbusters,” said David D. Tawil, co-founder at New York-based event-driven hedge fund, Maglan Capital, and interim CEO of Centaurus Energy.

[stansmith3] 08/2/2021 14:53

You are obviously not all there. To save any further issues, I will filter you. You are free to read my posts, but I wont see - not even a sneaky peek - any of your ramping nonsense. When the merger completes and 3bn shares hit the market, dont say you were not warned.

[csmwssk12hu] 08/2/2021 14:47

“Oil companies, for the first time in a long time, are likely to make a big comeback,” he said. “We have all the ingredients for an extraordinary bull market in oil for the next few years.

[csmwssk12hu] 08/2/2021 14:47

Smokey Joe Stan or Papa Joe not sure which nickname is better

[stansmith3] 08/2/2021 14:44

and you were right 21 is gone

[stansmith3] 08/2/2021 14:43

my last post was just to check if you were paying attention to melooks like it :)lol, why lie about filtering someone?

[csmwssk12hu] 08/2/2021 14:30

I’ve filtered Laurel and hardy jd so I don’t know what they are saying anymore and frankly don’t care, I wouldn’t take debt advice off either of them

[jdk14] 08/2/2021 14:25

The needle's stuck!

[csmwssk12hu] 08/2/2021 14:23

From Dow Jones News Wires by Joe Wallace
A booming rally in oil markets has pushed crude prices to their highest levels since near the start of the coronavirus pandemic, powered by production curbs and recovering demand.

Brent-crude futures, the benchmark in energy markets, have risen more than 50% since the end of October and are approaching $60 a barrel for the first time since Covid-19 began to erode oil demand in early 2020. Futures for West Texas Intermediate -- or WTI, the main grade of U.S. crude -- last week surpassed $55 a barrel for the first time in over a year.

The speed of the recovery has surprised some investors and analysts, given that coronavirus continues to curtail demand. It has juiced shares of companies including Exxon Mobil Corp. and ConocoPhillips after a troubled 2020 for oil-and-gas producers, making energy stocks the best performers on the S&P 500 this year.

"The market definitely has some momentum," said John Kilduff, partner at Again Capital LLC, a hedge fund that invests in energy derivatives. "WTI is going to be targeting $60, too."

Oil is rising against a mixed economic backdrop, with data published Friday suggesting that the labor market faces a long road to recovery. But the stock market continues to power higher, in part because investors expect a new dose of fiscal stimulus and vaccines to goose growth.

American drivers are already paying more thanks to the rally in crude. Nationally, gasoline prices have climbed to an average of $2.46 a gallon from $2.12 at the start of November, according to GasBuddy, which tracks retail fuel prices.

Gasoline prices are likely to keep climbing. Crude's recent advance will take two to four weeks to translate into higher prices at the pump, said Patrick De Haan, GasBuddy's head of petroleum analysis, though he doesn't expect to see gasoline hit $3 a gallon on average any time soon.

Behind oil's rally: Huge stockpiles that accumulated in the early stages of the pandemic have winnowed down faster than many people expected. Traders say that could pave the way for further price gains if demand, which has already recovered in China and India, picks up in developed economies.

The fall in inventories is largely down to efforts by the Organization of the Petroleum Exporting Countries and its allies, led by Russia, to restrain production. Since agreeing to the cuts at the peak of the crisis in energy markets in April, producers have held back a cumulative 2.1 billion barrels of oil, OPEC said last week.

U.S. companies have also helped to prevent production from swamping demand. Global appetite for oil remains below pre-pandemic levels despite a pickup in consumption of gasoline, naphtha and fuel oil, which is used to heat homes and power ships.

American producers are pumping 17% less crude than they did on the eve of the pandemic, according to the Energy Information Administration.

All this has pulled the amount of crude oil and petroleum products stored around the world down by about 5% since its peak in 2020, according to Morgan Stanley analyst Martijn Rats.

There is no shortage of oil, but one sign the market is tightening stems from the relationship between current and future prices. Spot prices have climbed to a premium over prices for crude to be delivered down the line, showing that traders are willing to pay more for immediate access to oil.

On Friday, WTI contracts for oil that will be delivered next month cost $5.16 more per barrel than contracts for crude that will change hands in March 2022. That is the biggest premium for front-month futures since the start of the pandemic and contrasts with a historically large discount last April, when a glut of oil pushed WTI prices below zero.

"It is a bullish indicator," said Scott Shelton, an energy analyst and broker at United ICAP. "I don't think there's any question about that."

Analysts say this dynamic -- known as backwardation -- has been exaggerated by a slowdown in purchases of long-dated energy contracts by airlines and other companies that buy them to hedge fuel prices.

Still, some investors say the condition shows the rally has further to run. It gives traders an incentive to take oil out of storage, because they earn more from selling it straight away. That in turn would bolster prices by whittling down supplies. Lower forward prices also make it harder for producers to lock in profits for barrels they will sell in the future, encouraging them to keep oil in the ground.

Backwardation could encourage more money managers to bet on crude, said Mark Hume, co-manager of BlackRock's BGF World Energy fund. When spot barrels of oil fetch a premium, funds earn a profit when futures approach expiration and they flip their position forward into cheaper later-dated contracts.

[csmwssk12hu] 08/2/2021 14:22

From cnbc
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.

[csmwssk12hu] 08/2/2021 14:21

Brent crude oil prices have returned to $60 a barrel for the first time since January last year, before the coronavirus crisis took a toll on demand in the global economy.

The cost of crude for April delivery nudged $60.06 a barrel in the early hours of Monday during trading in Asia - a rise of 1% and building on a surge in value since early November when costs stood at $39.

Market analysts cited several reasons including an expected $1.9trn US stimulus for the recent surge in prices.

[csmwssk12hu] 08/2/2021 14:19

We have already crossed 20 day moving average and have now crossed 50 and 100 day moving average, three very bullish signals for price, the 200 day moving average has flattened and just starting to show upturn in curve, the chase is on to cross that which would be around the 27p we hit in November imho dyor

[csmwssk12hu] 08/2/2021 14:17

Combined entity 250,000 barrels of oil per day, $25 higher than merger announced, $6m per day more, in excess of $2bn a year more, hedge at that and see what market cap and share price we get, dam sight more than 21p imho dyor

[csmwssk12hu] 08/2/2021 14:17

U.S. shale production will not quickly rebound, given the capital required and debt producers are carrying, lending oil prices support, said Rafi Tahmazian, senior portfolio manager at Calgary-based Canoe Financial LP.

North America’s oilfield services sector, which producers rely on to drill new wells, has been decimated, he said.

“They’re decapitated from being able to grow,” Tahmazian said. “The supply side is broken

[csmwssk12hu] 08/2/2021 14:16

“Oil companies, for the first time in a long time, are likely to make a big comeback,” he said. “We have all the ingredients for an extraordinary bull market in oil for the next few years.

[csmwssk12hu] 08/2/2021 14:16

“We are going to see some incredible oil prices over the next couple of years, incredibly hot,” said Tawil.

[csmwssk12hu] 08/2/2021 14:16

Some banks are forecasting the United States, which leads with the number of COVID-19 cases, to reach herd immunity by July, which would greatly stimulate oil demand, said Jean-Louis Le Mee, head of London-based hedge fund Westbeck Capital Management, which is long a mix of oil futures and equities.

[stansmith3] 08/2/2021 14:11

although reddit pump pmo came to nothing - who would have thought it..csm is flying the flag on his own over on fccn, regurgitating all his merger nonsense over theregotta love that

[csmwssk12hu] 08/2/2021 11:57

Do that again in next two weeks and we’re over 27 imho dyor

[csmwssk12hu] 08/2/2021 11:55

We’re up from 16 to 21 in the last two weeks

[jdk14] 08/2/2021 11:49

I'd give up for a while csmwssk12hu nothing much will happen until the takeover is sorted.

[csmwssk12hu] 08/2/2021 11:20

Back over $60 a barrel now on sky news about oil going through 12 month highs, won’t be long before that’s converted to share price rises across sector imho dyor

[csmwssk12hu] 08/2/2021 09:24

We have already crossed 20 day moving average and have now crossed 50 and 100 day moving average, three very bullish signals for price, the 200 day moving average has flattened and just starting to show upturn in curve, the chase is on to cross that which would be around the 27p we hit in November imho dyor

[csmwssk12hu] 08/2/2021 08:53

“Oil companies, for the first time in a long time, are likely to make a big comeback,” he said. “We have all the ingredients for an extraordinary bull market in oil for the next few years.