Harbour Energy Share Discussion Threads

[deanroberthunt] 03/1/2017 18:18

It's a Floating Production Storage and Offloading Vessel

[deanroberthunt] 03/1/2017 18:17

Sailing, it's a boat

[marvin9] 03/1/2017 18:16

More xmas pud deliveries?

[deanroberthunt] 03/1/2017 18:14

^^^^^^
currently just opposite the bay of biscay, heading for north sea

[bakedbean57] 03/1/2017 18:13

I love how the word crash is being used for POO today, didn't see the opposite statement of phenomenal rise used in the same context when it rose in equal measure... makes me chuckle the overstatement. Libya spin the same when you look at the actual rise but the article decides to compare against a...Q3 ... pitch it how you want volume showing good this will swing bit fundamentals will override in the end.

[marvin9] 03/1/2017 18:04

And more for ya:

After rallying like a mad thing to start the day (month, and year...), crude prices have reversed course, weighed down by a stronger dollar. Natural Gas starts the year with a 12% (!) plunge as weather forecasts predict much warmer winter weather. Volatility looks set to be the theme for this quarter, with prices being pushed and prodded around by OPEC / NOPEC compliance; prices are already getting shaken up like a snow globe.
Hark, here are five things to consider in oil and energy markets today:

1) The first few signs of production cut compliance from OPEC members are starting to filter through, with Kuwait and Oman seemingly putting their best foot forward. According to reports citing the Kuwait Oil Company's CEO, it has cut production by 130,000 barrels per day, while Oman has also cut its output.
To counter this bullish-tilted news, Russian output in December is said to have held at record highs, while Libyan production is up to 685,000 bpd in recent days, more than double what it averaged in Q3 of last year.

2) There's been a fairly decent dollop of economic data out, as is the way with a new month. China kicked things off last night, with its manufacturing PMI coming in at its highest since mid-2014 at 51.9. U.S. manufacturing followed suit, coming in mucho better than expected at 54.7. As we know all too well, all paths lead back to energy, hence as oil prices rise, preliminary German inflation data has reached its quickest pace since 2013.

3) Over the past two years, more than 70 North American energy companies have sold some $57 billion in shares, helping them to stave off bankruptcy. These companies have issued stock to help pay down debt and cover costs until oil prices have recovered, ultimately buoying their stock prices.

Russian economy is inextricably linked to the fortunes of crude oil. Russia relies on oil and gas for approximately half of its fiscal revenues. Hence, as oil prices have risen from a decade low early last year, Russia's default risk has dropped to a two-year low:

solar energy will likely be the lowest-cost option for electricity across the globe within the next decade, dropping below the price of coal.
Solar prices are down 62 percent since 2009, and IEA projects a further drop of 43 percent by 2025. As auctions for power-purchase contracts encourage increasing competition at lower costs, an increasing number of countries are turning to the renewable source.

PS:
China are laying miles upon miles of Solar Panels for future energy needs

[marvin9] 03/1/2017 17:59

Its just food for thought that the demand for oil will decrease in the future and many oil companies will go bust.

Whats needed are good directors, PMO have none, more like headless chickens,, sorry Fat, piggy, lazy, clueless chickens

[husbod] 03/1/2017 17:54

So some genius reckons he can predict the oil price in 2025. Might just as well base your investment decisions on the possibility that we will all be blown to smithereens in 2020The next few years is all that counts.

[marvin9] 03/1/2017 17:49

Well the market thinks so ... so there,, hence the crash.

Could you give them a call whiskey... maybe the oil price will then recover lol

Anyway it looks like the oil price has settled at the bottom of the sea for now, some shorter's made a killing on that one.

[marvin9] 03/1/2017 17:47

This will be above most of your heads but some of it might sink in


Lepercq also predicts that oil will drop to around $10 a barrel by 2025. “Even if oil demand continues to climb until 2025, its price could drop to $10 if markets anticipate a significant fall in demand,” Lepercq said at his office near Paris. “Solar, battery storage, electrical and hydrogen vehicles, and connected devices are in a ‘J’ curve,” he said. “Hydrogen is the missing link in a 100 percent renewable energy system, but technological bricks already exist.”

hydrogen may be as cheap as liquefied natural gas in less than 10 years. “We’ll have the possibility to transport energy (liquid hydrogen) that’s produced very cheaply in remote places,” Lepercq said. He is encouraged by the construction of the first liquefied hydrogen carrier by Kawasaki Heavy Industries Ltd. as part of a Japanese plan to import hydrogen from Australia and believes “hundreds̶1; more will be launched in the coming decade.

[marvin9] 03/1/2017 17:44

You rampers are like little ostriches with your heads in the sand.

SO WHAT ELSE CASUED THE OIL PRICE CRASH AROUND THE SAME TIME MY POST WAS ANNOUNCED?

[marvin9] 03/1/2017 17:43

Whiskey me ole chap... not sure if you missed all the commotion but the oil price has just crashed and burned and burned some more?

Do keep up!

[marvin9] 03/1/2017 17:41

Don't you bring goats into it, goats smell much better than those lying scum bags.

Oh well, it all started off so fine , then WOOOOOOOOOOOOOOOOOOOOOSH. THE MAGIC CARPET WAS PULLED FROM UNDER THE RAMPERS.

Perfect Rope A Dope

[whiskeyinthejar] 03/1/2017 17:40

What are you on about?

Libya wasn't part of the opec cuts. They were given a bye because of their terrorism problem. Same as Nigeria.

[marvin9] 03/1/2017 17:39

They all pee in the same pot, mega rich people with stone age values

[chutes01] 03/1/2017 17:37

libyans are the worst of the worst, scum

[marvin9] 03/1/2017 17:36

Bet you a cream egg it don't