Harbour Energy Share Discussion Threads

[manics] 09/5/2017 20:11

Honestly if I was Malcy I'd go round Tony's and punch him in the face for having the gall to try and leverage Malcy's good name and blog against his most heinous
incompetencies (imo).

[glenkaz] 09/5/2017 18:57

🐍sssssssssssssssss Ugar! Makes a change from ssss💩!

[nav_mike] 09/5/2017 17:19

I think the large rise in in euroclear shorts is probably attributable to a tangled web of shorts, swaps, and warrants.

Ive said for a while, that some of the shorting is probably down to forward selling of warrants and locking in a 30-40% gain.

Whichever way you cut it, its the boys in suits making money at the expense of shareholders, probably with the support of management as a condition of getting the refinance done.

[timothyjones2010] 09/5/2017 17:12

Towards the end of the vwap the share price was low to mid 60s - POO was better granted. But current form is rubbish really, POO is just under 50 which I wouldn't say is disastrous, RNS news on lockup, impending trading statement and OPEC non OPEC meeting that predicts good news. To see a share price 58.5 is rubbish.

[technowiz] 09/5/2017 16:58

lol begorrah88

[begorrah88] 09/5/2017 16:52

No way of knowing the last point as the RNS was, as always, very short on detail and specifics.

As for any expected rise in the share price and if so, when - well the share price didn't rise at all at the end of VWAP, it didn't rise when the RNS came out about the 75% lockup and all we are doing is bumping the expected rise down the road.

The share price is so blatantly manipulated in my opinion that you'd have to hope they will be equally as determined to take it up if and when a time comes but I do have a fear that any rise has been wiped out by the invitation to all the markets shorters to come and shaft PMO.

Will TD provide the shorters with another stick to beat the shareholders with at the update? such as a delay on the refinancing resolution?

If he does then any positives he might announce will be lost in the noise as the share price will get shat on again.

I think all the shorters are expecting that as are many of us holders. One thing TD is very consistent at is failing to hit deadlines that he has set.

[timothyjones2010] 09/5/2017 16:46

SP 58.50 what a surprise

[begorrah88] 09/5/2017 16:13

Yep, it was quite clear they were going to do that.

Plenty of buying at 59.25p and no impact at all on the share price [other than immediately slapped back down if it tried to rise] and then a few AT sells start to hit the book.

I wouldn't be surprised to see a red finish today as the 'sorts' have got this completely where they want it and are laughing at TD, the FCA and all the shareholders

[timothyjones2010] 09/5/2017 16:03

What the betting the share price gets shorted at the end 58.75

[manics] 09/5/2017 14:49

The buck stops with Tony, but my goodness the advisors have taken PMO for a right old ride here imo. A right proper beasting at the hand of the City which Tony naively thought he could call a friend.

They saw him coming a mile off imo.

[glenkaz] 09/5/2017 14:46

🐍sssssssssssssss hit! Fo you shoring 💩'S

[begorrah88] 09/5/2017 14:24

As I've previously posted - when TD announced the VWAP and financing detail it was an open invitation to every shorter up & down the country to come and smash the PMO share price

They knew they would be coming en masse so had the comfort of knowing they were mob handed.

PMO instantly became a legitimate short target and, as we've seen from the fall in the share price post VWAP, they are quite happy to be sat in for the forseeable future.

TD invited them in but didn't have a plan to encourage them to leave.

I wonder how many of them are expecting the financing not to be completed at the end of May?

[steve73] 09/5/2017 13:47

I've just been looking at stock on loan data from euroclear.. The last couple of months have seen a HUGE increase.
Feb was 16.33% (similar to the previous 4 or 5 months), Mar was 27.93%, and Apr was even higher at 28.86%.
Now we know (or assume) there was an increase in March due to the VWAP shenanigans, but I'm surprised to see it increasing further in April.

Declared shorts (i.e. over 0.5% have remained around 7% throughout).

So with 29% on load and only 7% declared there appears to be around 22% of the shares shorted by a number of small players - ie. at least 44 individual shorters JUST UNDER the reportable limit, but more likely to be significantly more... or maybe some of them aren't reporting... naughty!!

That's just over 140 million shares shorted......!

We're expecting around 90-110MM warrants to be issued with the refinancing package (and then there's the convertibles but these are much longer term)

[glenkaz] 09/5/2017 11:35

🐍sssssssssssssusspence! 🐍💤

[begorrah88] 09/5/2017 09:37

....but the usual situation is resumed yet again.

Always just enough sells waiting in the wings to stop any climb

[glenkaz] 09/5/2017 09:28

And legs!!! 👍🏻

[nav_mike] 09/5/2017 08:27

After allowing the normal 20 mins for SETS to settle down, we have the same pattern as yesterday. Buy side depth and volume noticeably higher again.

Whether this is just a function of a stronger oil price, I dont know, but many times in the past the oil price was rising only for SETS to still look negative.

Fingers crossed

[glenkaz] 09/5/2017 08:05

Let's go Pmo! 🚀🚀

[bigsi2] 09/5/2017 07:08

In the near term I can personally see

[bigsi2] 09/5/2017 07:07

Leonbull- poor reading, I actually wrote sub$50. As PMO has hedged a large chunk of production at just over $50 then clearly $50 POO not an issue.. whereas a pull back to $40s is likely to be a problem for debt reduction. Simple maths.

[leoneobull] 09/5/2017 06:57

Bigsi 2. Poor analysis.... Pmo will shift debt at 50 us post catcher since they won't have Capex.and production should hit 95 to 100 ks a day with a huge tax free credit on income generates in the UKCS