Harbour Energy Share Discussion Threads

[polonium] 18/12/2016 13:24

Vos Guardian standby safety vessel at Solan. Some work going on perhaps??

[marvin9] 18/12/2016 12:56

Hence why you little green investors are sitting on heavy losses. DYOR

However, I do feel honoured you feel my posts will sway the markets on open tomorrow, such is my influence within world stock markets.

Will add... I do seem to have made more money shorting PMO than you lot put together.

But as said.. will sit on the lines and wait.... Will enjoy my xmas turkey and other goodies paid for with your losses ;););)

[theelectrolyte] 18/12/2016 10:52

Doesnt everyone get their oil related news from the Zimbabwe Sunday Mail? Well, that and the infamous Papa New Guinea Gazette of course.

[joelebeau] 18/12/2016 10:22

Marv, having to find articles from Zimbabwe to support your deramping - you must be desperate !!

[steve73] 18/12/2016 08:53

I'd expect to see WTI and Brent decoupling further...

[ny boy] 18/12/2016 08:45

seems?🤔

[marvin9] 18/12/2016 08:17

Iraq has signed a mega deal with China and others to provide Megga oil supplies before the so called cut deal..


Wowwwwwwwww also look at this:



Falling apart at the seems as we speak,

At this rate I could make more cuts than them lot by not using my car for a week lol

[marvin9] 18/12/2016 07:47

Lets just see if Fat Tony pulls out a Christmas Cracker before Christmas as promised by rampers?

Doubt it, the fat arrogant toad will be to busy eating Xmas Pud

[marvin9] 17/12/2016 16:46

Nope sat on the side lines waiting to make more money out of this fantastic wonderful share that will make millions over the next year.

If you don't agree please feel free to give me a 'RED' negative ;)

[bakedbean57] 17/12/2016 15:18

Still short Marv?

[leoneobull] 17/12/2016 15:01

Worse than Brexiters. No clue what they are doing at GShttp://oilprice.com/Energy/Oil-Prices/Goldman-Flip-Flops-Again-Now-Sees-High-OPEC-Compliance.html

[polonium] 17/12/2016 14:57

hxxps://www.energyvoice.com/opinion/126715/opinion-not-prolific-us-shale-faces-reality-check/

[marvin9] 17/12/2016 14:47

A recent surge in the US rig count has included double-digit increases in 7 of the last 12 weeks.

The tally of active rigs during the week ended Dec. 16 rose by 13 to 637 on multiplying oil-directed rigs in the Permian basin, according to data from Baker Hughes Inc. The new total represents an increase of 233 since May 27. Last week, the count recorded a 27-unit rise, the largest since April 2014 (OGJ Online, Dec. 9, 2016).

All but one of those units were either oil-directed or in the Permian. Oil-directed units now total 510, up 194 since May 27. Gas-directed rigs edged up 1 unit to 126, up 45 since Aug. 26. One rig considered unclassified remains operational.
All 13 of the units are drilling on land, bringing that tally to 614. Those drilling horizontally increased by 9 to 512, up 198 since May 27. Directional drilling rigs gained 3 units to 54. Offshore rigs and those drilling in inland waters were static this week at 22 and 1, respectively.

The US onshore drilling segment this week was informed of the $1.76-billion acquisition by rig contractor Patterson-UTI Energy Inc. of wellsite services and equipment provider Seventy Seven Energy Inc., a move that will create a combined firm with 201 high-specification drilling rigs and a pressure pumping fleet with more than 1.5 million hp of hydraulic fracturing (OGJ Online, Dec. 13, 2016).

In Patterson-UTI’s third-quarter earnings report during late October, Mark S. Siegel, the firm’s chairman, said it believes the industry “has begun the initial stages of the recovery process, which began with smaller operators picking up rigs to drill less service intensive wells.”

Siegel said, “We believe the market has transitioned in favor of higher-[specification] rigs, and we are encouraged by the recent increase in demand that is increasing utilization for this class of rig, especially in markets such as the Permian basin. Overall, we believe the market for higher-spec rigs has appreciably tightened.”

[marvin9] 17/12/2016 14:06

It's been a dramatic end of the year for the oil industry. An unlikely alliance between OPEC and non-OPEC nations, a game-changer for petro-diplomacy, has been formed for the first time in 15 years.

On November 30, the Organization of Petroleum Exporting Countries (OPEC) surprised everyone by agreeing to a landmark deal to limit production. And now, Russia, Kazakhstan and other producers who are not in the cartel also signed on. 

Starting in January 2017, 2 percent of global oil production will be cut.

But there's more to the oil market than supply. On the other side of the oil equation is slowing demand - and analyst say that demand could rise at its slowest pace since 2014. Emerging economies aren't consuming oil like they used to, and higher US interest rates along with higher prices at the pump could also affect demand.

However, Richard Mallinson, analyst and partner at Energy Aspects, believes that "global demand is still looking healthy. It slowed down from the bumper rates of 2015, but we're growing by over a million barrels a day and this year I think we'll grow by a similar amount in 2017. We will see some effects at the margins, if oil prices continue to rise, but the main drivers here are the expanding middle classes in Asia and countries like India, and that demand is relatively inelastic - it's going to come even at higher prices."

@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

Asked if oil producing countries stick to the production cuts and targets they've agreed on, Mallison says: "The history of compliance isn't amazing and the market would be foolish to think that we'll get everything that's been promised in terms of cuts. But I think we will see a reasonably good level, in particular from Saudi Arabia and the other GCC countries, I think they will live up to their commitments."
So does the historic agreement mark a new era for oil? And what will it mean for consumers across the globe, shale producers in the US and the oil market?

@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@


"It's always risky to try and classify eras. The point is, for the last couple of years, oil prices have been too low to produce enough oil in the future. In the short term, we've been oversupplied, but the problem has been we haven't been investing enough to meet future demand. They're now going to rise up to levels that do encourage more investment. The question is if along the way we're going to have a sharp price shock. Saudi Arabia and other OPEC members, of course, wanted to get high revenues, they wanted to balance their own budgets, but I think they're also worried about the market remaining undersupplied, underinvested, and actually creating a shock later in the decade. So the question is, how high do we need to go to bring investment back outside of the US," says Mallison.

[bakedbean57] 16/12/2016 20:27

I'm most reassured by the volume of activity on the board.

[retsius] 16/12/2016 19:47

I have a feeling you don't want to be out of PMO over the WE.
But it's only a feeling!
GLA

[gilesgraves] 16/12/2016 18:01

The bears have left. This is on the up.

[nav_mike] 16/12/2016 16:38

Good strong closing auction - aided by 680k of 'buy at market' orders

[begorrah88] 16/12/2016 16:37

.... & a lumpy closing auction trade at 71.75p

What a farce all that day managing of the share price was then.

[begorrah88] 16/12/2016 16:33

I have no idea what the relevance is but they managed it - threw a load at it to get the bid sub 71p [what about the auction?].

I presume it is as simple as the guy/guys paid to sit in front of their PC's and sell whatever is on the bid had a target for the day of sub 71p on which they get a bonus?

[begorrah88] 16/12/2016 16:30

They don't want it closing at 71p do they?

[begorrah88] 16/12/2016 15:20

Bit of a fightback against the attempts to pull the share price down

Good to see

[ny boy] 16/12/2016 15:10

Minor movements, bit boring now as we wind down for the holidays, most are going away or doing last minute shopping, to be returned by family who don't like it lol

I'll have a peek in over the holidays, if I can keep off the beach or away from the poolside. 😊

[begorrah88] 16/12/2016 14:55

Yes, usual stuff

Poo moving up but PMO share price being sat on by the shorters who are picking anything off the bid that tries to rise above 69p