Harbour Energy Share Discussion Threads

[csmwssk12hu] 08/2/2021 22:00

Just filter them marky that way you don’t have to read what they say, I think he is in deeper water than he has ever been and lost his guide rope

[markymar] 08/2/2021 21:58

Bless you Andy you got one serious chip on your shoulder MATE but definitely have a problem wasting your sad life on this thread when you dont hold the shareIf you dont hold the share or have any intention to why on earth do you post on here?One day you will realise you wasted so much time and energy on here deramping you lost what's important around you.Your a very negative person I hope you treat you life with more positively or you will end up like Stan a bitter twisted scotsman.

[andypop1] 08/2/2021 21:52

On the 14th of January this was 22.51p with oil @ $56.42.
It's almost like the massive dilution took a day or so to sink in after the GM then the market realised there would be 3b+ creditor shares hitting the market.

csm, thought I was filtered?
Doing your R Kelly after Stanley posted might have been a coincidence but to bump & grind me down within minutes is too much of a coincidence my friend, lol.

[csmwssk12hu] 08/2/2021 21:49

$61 dead ahead

[csmwssk12hu] 08/2/2021 21:48

What the professionals say
Tawil predicted prices of $70 to $80 a barrel for Brent by the end of 2021 and is investing long independent oil and gas producers.

[csmwssk12hu] 08/2/2021 21:48

What the professionals say
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.

[csmwssk12hu] 08/2/2021 21:47

What the professionals say
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.

[csmwssk12hu] 08/2/2021 21:46

What the professionals say
Such limitations on supply would push prices to multi-year highs and keep them there for two years or more, several hedge funds said.

[csmwssk12hu] 08/2/2021 21:44

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 21:44

“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 21:42

Oil now 60.60

[andypop1] 08/2/2021 21:27

Young marky,
I hope your head's not too sore today!
Are you concerned that your brother Barry Chuckle might be spending a bit too much time on these boards?
Or are those concerns only reserved for the less enthusiastic posters?
I guess we will see if you have double standards and no morals!
Good luck mate.

[csmwssk12hu] 08/2/2021 15:38

The signs are there, the press putting out the idea that oil is the place to be, it is right now because in a week
Or two they are going to say we told you so, just after they have finished off loading some crypto currency imho dyor

[csmwssk12hu] 08/2/2021 15:36

Big boys will be buying up oil stocks on the qt just enough so they barely move, then they will go hell for leather at it, at that point the herd will jump on and push it higher, while the hard boards the gravy train the big boys will be getting off, best policy get in the train before it leaves the station imho dyor

[csmwssk12hu] 08/2/2021 15:33

Oil now 60.30

[csmwssk12hu] 08/2/2021 15:27

Trend line has crossed 20,50,100 day moving averages, technical buy signals imho dyor

[csmwssk12hu] 08/2/2021 15:26

Keep it flowing

[csmwssk12hu] 08/2/2021 15:25

Professionals think
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 15:19

literally lol

[csmwssk12hu] 08/2/2021 15:05

Note what the professionals are saying

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 15:02

Think a lot of money has moved into Bitcoin this afternoon after Tesla, it will be back soon

[csmwssk12hu] 08/2/2021 15:01

$60 oil is upon us

[csmwssk12hu] 08/2/2021 14:59

The view is a reversal for hedge funds, which shorted the oil sector in the lead-up to global shutdowns, landing energy focused hedge funds gains of 26.8% in 2020, according to data from eVestment. By virtue of their fast-moving strategies, hedge funds are quick to spot new trends.

[csmwssk12hu] 08/2/2021 14:57

Or Rod Stewart’s have I told you lately I moved to Glasgow