Harbour Energy Share Discussion Threads

[marvin9] 29/11/2016 18:01

Simples, if a deal aint done then PMO shareholders will die a death of a thousand cuts.

PMO will go bust, dopey fast cat directors don't have a clue and are to busy sailing about in tugboats drinking champers along with thick rag heads.

[leoneobull] 29/11/2016 17:37

The only deluded person around here is NY Boy. Who can forget his shorts on tlw in January Feb 2016

[lodgeview] 29/11/2016 17:04

Buy when all around are fearful.

[mreasygoing] 29/11/2016 16:37

The sand dwellers all playing games. They HAVE to act this time though. Money is everything to them.

[cyan] 29/11/2016 16:29

Having seen people buying AFR and XEL until the end adg, Its not always smart buying distressed oil stocks.

If you believe your analysis is sound, you should have faith and go with it.

[adg] 29/11/2016 16:25

Its at times like this (total doom and gloom) when I should be buying - never do and always kick myself, never learned after nearly 25 years at this

[ny boy] 29/11/2016 16:24

All the bulls are deluded, particularly leoneobullpeddler lol!

[ny boy] 29/11/2016 15:24

Terminal..bulls will be eating bread and slopps.

[bigboots] 29/11/2016 15:10

If Opec dont act and oil collapses to say $40 or even $35 this will put the future of PMO in doubt

[pounddreamer] 29/11/2016 15:06

Unfortunately PMO are now pretty much fully exposed to the OPEC decision.

So it either.
1. Agreement reached and it upwards and onwards.
2. No agreement but with nice words - and its drift sideways and downwards
3. No agreement with total fallout with Saudi pumping extra Million barrels and its down we go.

Take your pick - its squeaky bum time.

[ny boy] 29/11/2016 14:13

Bear or bull trap here, be careful with the news coming out of OPEC before the meeting, often what leaks out is the opposite of what is announced...but red or black Sir!

[lodgeview] 29/11/2016 14:06

Hopefully the downtrend will stop soon. Darn shorters all over this.

[leoneobull] 29/11/2016 14:05

The pmo bonds are holding up very well ( the 5% retail issue) http://www.londonstockexchange.com/exchange/prices-and-markets/retail-bonds/company-summary/XS0997703250GBGBPUKCP.htmlWhat I don't like is the 5£ a point shorter brigade talking pmo down just to make a few pints

[leoneobull] 29/11/2016 13:59

Cyan hello. Yes I saw that too. The reason why they won't generate freecash flow above 50 is because of catcher in 2017. That will produce 50000 a day half of which will be theirs. Bringing online a major development next year with no increase in net debt is quite an achievement

[begorrah88] 29/11/2016 13:54

There goes 50p

We know that even if sentiment on Poo changes after that sharp drop - PMO share price doesn't recover to its' prior position as the shorters are rooking between 2 - 3% a day out of the share price over and above any oil movement.

[cyan] 29/11/2016 13:40

Hi Leoneobull.
Whilst not holding PMO stock I am interested in the companies prospects through my holding RKH.

It is not unreasonable to be worried about PMO's 2017 prospects for without an OPEC deal the numbers are not looking very good.

I note this line from their last update;

"Net debt was $2.8 billion, marginally down from Q3 with cash and undrawn facilities of c. $600 million at 31 October. Going forward, Premier plans to be cash flow positive at oil prices above $50/bbl driving debt reduction."


Brent is now $46.87.
Some doom sayers suggest POO could lose $10 without an OPEC agreement.

[leoneobull] 29/11/2016 13:23

Rogk they are somewhat hedged via eon. If opec strike a deal they may hedge significant production at 56 or 57. That would silence the idiots such ad your good self

[ny_boy] 29/11/2016 13:11

Great price for a take-over

[deanroberthunt] 29/11/2016 12:14

he's got form....this would be the third bankruptcy or similar he's been invloved with.

[manics] 29/11/2016 11:52

As a PMO shareholder Tony's failure is firm disappointment. Spare a thought for the hundreds of families supported by Premier employees spending Christmas without surety toward their jobs and income in the medium term.Way to go, Tony.

[phowdo] 29/11/2016 11:05

Equity here is toast if there is no OPEC deal and Brent heads into the 30s.

The second half of the year will see Premier transition from a period of heavy investment to one where at oil prices above $45/bbl we can generate free cash flow. Our priority for that cash flow is to deleverage our balance sheet while continuing to ensure the integrity of our assets and to deliver our Catcher project