Harbour Energy Share Discussion Threads

[deanroberthunt] 03/1/2017 17:33

or Oil could recover overnight as the short term panic is calmed with longer term facts

[deanroberthunt] 03/1/2017 17:29

he has presided over 2 bankruptcies, will he get his hatrick?

[marvin9] 03/1/2017 17:28

Mmmmmmmmmmm not in PMO!

Good call my dear good man, but Fat Tony does need sacking he is clueless

[deanroberthunt] 03/1/2017 17:26

Marvin

not in PMO, it hasn't refinanced, so more rsiky still than others....

[deanroberthunt] 03/1/2017 17:25

it won't matter what anyone does come end of 2018 into 19', as even if they all pump at max it won't be enough to match the increasing demand.....and then we have the $1.5tr capex cuts to factor in.....

the POO will still be tardy until at least H2 2017....it's a waiting game, patience required.....

[ny boy] 03/1/2017 17:24

Oil reversal, looks like tops in for now folks, will need positive news flow to break 79p, close but just not enough.

[marvin9] 03/1/2017 17:18

Looks like lazy Fat Tony missed the boat again. this prat needs to leave, he is clueless!

[deanroberthunt] 03/1/2017 17:14

Marvin

shut up....

[marvin9] 03/1/2017 16:54

There ya go:

Libya, the holder of Africa’s biggest crude reserves, is ramping up output from its biggest oil field again after two years of internal conflict, the latest reminder of just how vulnerable OPEC’s quest to clear a global crude glut might be.


The Sharara deposit in the Libya’;s south west will ship almost 1.9 million barrels this month from its Zawiya port near Tripoli, according to a loading program obtained by Bloomberg. That compares with a pumping rate from the field of almost 9 million barrels a month as recently as late 2014, before internal conflict halted flows.
 
If maintained, the amount Libya is pumping would be about 125,000 barrels a day higher than the North African country was producing in October, the starting point for when most other OPEC nations are supposed to limit their collective supply.
 
Mustafa Sanalla, the chairman of Libya’s National Oil Corp., said Dec. 21 that output would reach 900,000 barrels a day early of this year. By hitting that target, Libya would replace about one third of the supplies being cut by other OPEC Nations.

Never trust a Rag Head!

[begorrah88] 03/1/2017 16:28

Wow!

Smashed down within 20 minutes or so.

from 77p to sub 75p - still don't know why POO is falling off a cliff

[begorrah88] 03/1/2017 16:15

Don't know what spooked POO but it has taken the gloss off a great day for PMO [mind you, the POO rise was welcome but unexpected anyway]

[ny boy] 03/1/2017 14:41

Knocking on the resistance door!

[gloucester rugby] 03/1/2017 13:24

Just to remind everyone re financing. The refinancing of the Debt was instigated by the Creditors , not the company. The company wanted to simply ease covenants until post Catcher. However with the agreement of the Creditors to the Eon deal the creditors wanted a full restructure of the debt. It has been painfully slow and TD has done himself no favours in glibly stating deadlines that had no substance. However , as with the Eon deal, the OPEC agreement has come to his rescue and the playing field has completely changed. Thus I firmly believe that the hold up on Term sheet agreement is not from the creditors but from the company. I also firmly believe that the sticking point is on the breath of creditor oversight on Capex projects.

The proposed deal will mean PMO has considerable flexibity in covenant headroom and security of debt support with no repayments falling due now until 2022. Once the market has confidence in this and the company begins to announce falling debt levels the share price will rerate hugely. Tullow gives us a glimpse of the potential market cap should Sea Lion be announced.

It is not an issue of simply amending Covenants. Solan is an issue and a disgrace, typical boardroom, lacks guts to sacrifice the responsible party, but events I suspect are overtaking PMO and we are now floating on the POO river. GR

[deanroberthunt] 03/1/2017 13:20

thanks to Malcy....sort of confirms what I was thinking
Oil price

2016 turned out to be a pretty good year for the oil price and the end year comparisons dont tell the whole story about the lows in January and February. WTI ended up with a gain of $16.68, +45% whilst Brent rose $18.85 or 52%. This mornings price are better again, WTI is $54.99 and the new Brent contract is trading at $58.10.

If you look at the efficiencies that the industry has made in the last couple of years then the improvement in margins, even since $115 oil, must be meaningful. Some companies have even benefited from the strength of the dollar, no surprise that BP through word and deed has declared the worst over.

2017 will present obstacles such as compliance and oversupply, at least in the first half but as the year rolls on should get better. Demand should exceed supply as we get into the second half of the year, this will encourage adherence to quotas as monthly cheques get fatter. Also the now, $1.5tn of capex cuts, will start to bite and will last for 4-5 years, even the US shale industry wont be able to fill that gap. With BP leading the way, by encouraging partners at Mad Dog 2 to go ahead with a budget slimmed from over $20bn down to sub $10bn, it has seen the writing on the wall but meaningful production here is unlikely before 2022 even with instant approval.

Who knows, Saudi taking up any cheater’s slack this year might prove to be very profitable down the line…And as for demand, if you had any serious pick up from China or India or others, who knows what might happen…

[ny boy] 03/1/2017 12:59

Not long to wait to break through resistance, maybe this afternoons US action, we can have a go, some shorts will definitely close

[deano2121] 03/1/2017 12:13

2017 STOCK TIPS

[investordave] 03/1/2017 11:13

There is some desperate action going on to hold the price back.

[ny boy] 03/1/2017 11:05

With oil +2% + no excuse not to breakout soon, with some shorters throwing in the towel I guess, let's see, no rush.

[deanroberthunt] 03/1/2017 09:51

plays for the next 2-3 yrs are Oil and Silver imvho