Harbour Energy Share Discussion Threads

[carla1] 15/5/2017 12:14

Day Dream Believer :-)

[glenkaz] 15/5/2017 12:08

Just dumped £120k in batches at 61.3 £3k loss in 3 weeks was £12k down! Can't believe oil up and we down since Thursday !! So had enough! Lost £40k now on Pmo! Gla! Watch it now rise!

[begorrah88] 15/5/2017 11:33

'.....ahead of the start-up of its Catcher field in December'

December now is it TD?

Couldn't bump that back any further without it falling out of 2017

[bigsi2] 15/5/2017 11:18

Oialndgas- I think EON assets are worth a mention.. bought at bottom of the market and repaid already.That was a bloody good decision in a very uncertain market at the time.

[begorrah88] 15/5/2017 11:03

POO motoring to $52.5 but pmo?

Still pegged at 61.25p bid and no volume of buying

Every share bought in PMO ought to come with a free pinch of salt

No faith in that next date either. Speak to your broker if you have one. PMO has a reputation for missing deadlines. No surprise there

[oilandgas1] 15/5/2017 10:56

TD has failed again to bring the refinancing to a successful closure in s timely fashion.. it may be time for s bite if No confidence st the AGM!

Also
1. Solan production has not improved
2. Shorters given a free run for 6 months
3. Debt pile still not reducing
4. Lacking a plan for sea lion

New refinancing date us 26jun .. the only reason the share price has not dropped is due to POO going up today.

Is this the performance that us acceptable from the current Pmo management team lead by TD?

[begorrah88] 15/5/2017 10:51

....let me correct that - they can be trusted not to be met

[begorrah88] 15/5/2017 10:47

The shorters are confident because dates cannot be trusted when TD puts them out.

[begorrah88] 15/5/2017 10:44

No erin

Can't abide shorting

Just saying it as I see it

The company is being run for the benefit of hedge funds at present and TD is unable or unwilling to address that. All these delays [12th month in a row]are playing right into the shorters hands and they are readily building bigger positions while PMO leaves the finance open

[eringael] 15/5/2017 10:40

Assume you are short also begorrah

[begorrah88] 15/5/2017 10:37

Was the TU brought forward to today to 'bury bad news' on the financing whilst POO is having a good day?

[oilretire] 15/5/2017 10:36

Frightened City15 May '17 - 09:57 - 27800 of 27806 0 0
So Solan is producing a third of what was promised. Why should we believe stories about Catcher, Tolmount and Sea Lion (disappearing into the fog?)?


Because they are completely different owners/projects/reservoirs/locations/contractors etc etc........

As were all the projects that were executed before Solan, however it's funny how that's the only one that gets any air time on here.

[ua36] 15/5/2017 10:32

Thought the update was pretty good - refinance delayed again though? My memory said it was meant to be end of May?

Had a bit of a chuckle at TD's comments about being ahead of schedule. Some nerve.

Question mark re. why they've only been "marginally" c/flow positive for 2017 YTD (no debt reduction so far?) given that the oil price average (up until the recent downward move) has been quite a bit above the previously communicated $50 requirement. Can take from that I think if oil had been closer to $50 than $55 forma longer period that it would have been negative again?

Shorts increasing again is curious in my view. See if the latest Oil deal extension gets them closing. If not, suggests to me that something else is afoot.

[begorrah88] 15/5/2017 10:28

Yep, that's about the bones of it.

Did the shorters know this further delay to financing was getting bumped on Friday?

Took it down knowing disappointment was coming and it is only the POO lift that has brought any respite from the falling sp

Once again TD lets shareholders down by failing another date. The markets have no confidence in him being able to do anything on time.

With good cause based on past performance

Will we be having the same conversations, at the same share price when Catcher gets bumped?

[fireplace22] 15/5/2017 10:12

We wait until the refinancing is complete and then look for another reason why the share price is still down. :-)

[glenkaz] 15/5/2017 10:10

Dosent add up here! Was update 💩 Is oil not up!! What's next🤔

[fireplace22] 15/5/2017 10:07

Why no Solan? P1 apparently producing satisfactorily on free flow.

[begorrah88] 15/5/2017 10:03

Friday morning PMO 61.25p bid

POO $50.50


Today

PMO 61.25p bid

POO $52

TU out but just kicked the financing another 4 weeks down the road

Also, production averaged 82 kboepd and guidance for the year remains at 75 kboepd?

Are we expecting Solan to no longer contribute in 2017?

[fireplace22] 15/5/2017 10:02

Difficult to produce (P1) when its actually turned off for a period.

[frightened city] 15/5/2017 09:57

So Solan is producing a third of what was promised. Why should we believe stories about Catcher, Tolmount and Sea Lion (disappearing into the fog?)?

[glenkaz] 15/5/2017 09:33

Mms 👺👹 know I bought in at 63p this time! Don't want me to win here! Ever ! 😁

[oilretire] 15/5/2017 09:30

POO breaking through $52....