Harbour Energy Share Discussion Threads

[marvin9] 27/12/2016 21:13

Dec 2017 £2.50:

If Oil price holds and fat...er Tony pulls a 2 headed rabbit out the hat.


Over to you Fat Tony surprise us shareholders and earn you slavering over priced fat salary for once.

You like a fat slimey slithering snail

[seangwhite] 27/12/2016 20:51

80p is my target by 1st January 17 and a Happy New Year to all.

[opodio] 27/12/2016 20:01

FWIW i have a 135p target

[bakedbean57] 27/12/2016 19:00

POO looking OK volume be key now let's hope some reasonable activity in the next 2 1/2 days

[ny boy] 27/12/2016 17:26

Maybe enough fuel, as oil prices are rising again to break thru 79p resistance before the year end?

[leoneobull] 27/12/2016 16:31

Brent 56.64Also read this exciting prediction http://m.investing.com/analysis/crude-oil:-upside-potential-in-the-next-4-5-months-200170772

[hearts1] 27/12/2016 08:50

Brent now on March contract at $56

[seangwhite] 26/12/2016 22:08

Poker School provided some relief to the Brexit gloom by winning today at Kenton.Let's hope PMO can have a decent run in 17 for all backing it.

[leoneobull] 26/12/2016 09:39

hxxp://oilprice.com/Energy/Oil-Prices/Oil-Price-Roulette-Investors-Bet-On-100-Oil.html

Oil Price Roulette: Investors Bet On $100 Oil

Oil prices are rising and speculators are already staking out bullish positions on futures for the next few months, but some traders are rolling the dice on a much bigger price spike in the next two years.

Some contracts that pay off big time if oil prices hit $100 per barrel by December 2018 just saw a spike in interest, according to Bloomberg. The $100 December 2018 call option, Bloomberg says, “was the most traded contract on Tuesday across the whole ICE Brent market.” That contract gives the owner the right to buy Dec. 2018 futures at $100 per barrel.

Few oil analysts expect oil prices to rise that high within the next two years. The oil market is still oversupplied, and even with the OPEC deal – which will take 1.8 million barrels per day off the market if fully fulfilled – the world is still flush with oil sitting in storage. It will take time to work through those inventories, providing a cushion to a tightening market. However, the sudden interest in such a remote possibility of a large price spike suggests that investors are growing more confident that the market is on the upswing.

“That’s a relatively cheap lottery ticket,” Ole Hansen, head of commodity strategy at Saxo Bank A/S, said in an interview with Bloomberg. “It’s clearly not the consensus in the market that we’re going to see a return to those prices any time soon, so it’s more likely a hedge against unforeseen geopolitical events during that time.”

Related: The U.S. Oil Rig Count Hits Its Highest Level Since January

Purchasing these options may not be such a huge risk – Bloomberg says they could cost a bit more than $1 million while the payoff would be multiples of that if prices happened to go that high. It is similar to going to Vegas and playing roulette, putting some money on a single number or a few numbers, which have long odds but huge payouts. On the other hand, the spike in interest in the $100 options could also just be a small part of a broader hedging program from some companies, cropping up now since the contracts are two years out.

With oil back above $50 per barrel, money managers have become much more bullish on crude. In fact, collectively, hedge funds and other investors have sold off short bets and purchased long positions, building up the most bullish net-long position in more than two years. OPEC has not yet cut back by a single barrel, but its Nov. 30 deal in Vienna has succeeded in sparking a bull run for oil.

By Charles Kennedy of Oilprice.com

[seangwhite] 25/12/2016 20:51

Kempton Park tomz so let's hope PMO perform well in 17.VGLTA

[leoneobull] 25/12/2016 10:14

from III

Dear all PMO followers. I wish you all a merry Xmas and a happy and successful 2017.

I believe 2017 will be PMO's year.....

1 - Solan production P2 sorted?
2 - major refinancing kicking debt to 2022
3 - step-change in production due to Catcher, even pre-Catcher step-change since av. in Nov was 83ks BOEPD
4 - significantly better H2 2016 fin results due to higher av.POO
5 - OPEC/ NOPEC putting flaw under POO @ 50-55 US, expect av 60 next year, possibly even 60 - see
www.bloomberg.com/news/articles/2016-12-09/oil-trader-andurand-sees-opec-output-deal-major-turning-point?
6 - sectoral rotation - many fund managers are underweight on energy sector/ oil & gas. As earnings improve they will move back in to related equities
7 - leverage - the beaten up sector amplifies losses on way down but same leverage gives scope for huge gains on sector-wide recovery
8 - Shale - yes it will recover but they cant bring back on production that quickly
9 - independently confirmed to me that SA cannot afford prolonged period of low POO due to high potential for social unrest. So irrespective of Shale coming back, SA and others will continue to stage manage production cuts.
10 - sentiment & valuation normalisation - PMO was worth £5.40 high a share in 2011, and 19p in 2016. The scope for recovery to a mid-cap valuation of circa £1.3-£1.8bn looks realistic to me with POO @ 60+ and meaningful debt reduction achieved +50 US. If no D4E then magnitude of gains could be significant
11 - institutional investors & risk profile - once the auditors' warning is removed and the risk profile of sector improves, IIs will come back in. Relatively low II base means significant scope for new IIs coming on board and subsequent squeeze
12 - shorters closing. All the above means 2017 could be a difficult year to be short oil stocks

[leoneobull] 24/12/2016 18:17

Malcy reckons 70 us poo by July 80 by Dec 17. £3 would do me

[hearts1] 24/12/2016 10:13

As long as oil is over $55 PMO is in good shape, day to day share price movements are the concern of the over leveraged or comfort blanket to emotional PIs.

[asa8] 23/12/2016 16:38

Merry Christmas to all even the donkey Durrant.

[leoneobull] 23/12/2016 16:19

Ny boy. Has your apprenticeship at Lehman Brothers finished yet? Happy Christmas all!

[nav_mike] 23/12/2016 13:04

Same as every other day this week - a constant attempt to drive the price down which is all undone by close of business. Really feels like we are some trainee traders plaything lol

Anyway, Merry Christmas one and all - lets all enjoy our time away from these damn shares :)

[ny boy] 23/12/2016 12:02

As long as 67p support holds, all should be fine after the hols when vols pick up.

[begorrah88] 23/12/2016 10:12

Very charitable of the shorters to give work to a YTS boy today, no early louse for him for Christmas - oh no, he has to be sat at his PC picking off the bid.

Where was our santa rally this year?

[pounddreamer] 23/12/2016 10:01

End Jan 17 - £0.75
End Feb £0.90
End March - £1.20
End July £1.60
End Dec £2.00

[ny boy] 23/12/2016 08:33

Low vols around holidays will always encourage the bears to have a nibble, usually works out as not many buyers about. Both bears & bulls make the market place, that's the nature of the beast.