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PMO Harbour Energy Plc

22.40
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Harbour Energy Plc LSE:PMO London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 22.40 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
22.50 22.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 22.40 GBP

Harbour Energy (PMO) Latest News

Real-Time news about Harbour Energy Plc (London Stock Exchange): 0 recent articles

Harbour Energy (PMO) Discussions and Chat

Harbour Energy Forums and Chat

Date Time Title Posts
27/6/202122:25Premier - Charts and All53,831
21/4/202117:41premier oil - 2018 and beyond73
10/10/202009:00results32
10/10/202009:00CASH IN ON EMERALD ENERGY1
10/10/202009:00pmo by end of 20192

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Harbour Energy (PMO) Most Recent Trades

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Harbour Energy (PMO) Top Chat Posts

Top Posts
Posted at 05/3/2021 22:15 by andypop1
Patience,

"patience a virtue - 16 Apr 2019 - 07:59:58 - 44592 of 53613 Premier - Charts and All - PMO
All looking good. Happy holding and adding."

The price was a quid and you were adding?
Yet you claim.

patience a virtue - 01 Mar 2021 - 22:24:02 - 53573 of 53613 Premier - Charts and All - PMO
Andy, you are just pathetic and delusional. Pmo will not be in admin as you proclaimed and rose from 13p to 53p and again from 11p to 30p in the past year. It did rise from 20p to 140p between 2016 and 2018 too among its many ups and downs. Like some I made £135k having bought at 30p and sold at 120p and in the last 12 months I have traded more and accumulated far more at a low average.
Feel sorry for those who succumbed to your preach and sold at a loss. The worst is that whilst you were shouting loud that pmo was a basket case you decided to buy some pmo shares in the 40s and sold at a 1p profit so that you could buy a sandwich from McDonaldâ€T82;s. Despicable!
To further rub in I have acquired even more Enquest shares in the last 12 months and am sitting on a huge profit too.

There are plenty more delusional posts if you want to carry this on including your true position in EnQuest or your view on Covid from this time last year.

Please feel free to repost some of my delusional posts from a year ago.

The winners here are the creditors and those that have got in recently, not you or the rest of the retro traders who were promoting this all the way down from a quid.

Melqart increased their short again yesterday, please tell me you understand the situation now having listened to my sermons for many months.

Good luck mate and well done to those who have made a killing here.
Posted at 22/2/2021 23:58 by andypop1
undervaluedassets - 25 Nov 2020 - 11:27:56 - 52332 of 53467 Premier - Charts and All - PMO
The merger does indeed put backstop on the valuation here. (so as for doom mongers claiming it is going phutt ? I don't think so)

And with the safety of the backstop, there is nothing to stop PMO charging should sentiment around all things oil continue to firm .


You posted the above when the share price was 23.61p, so what stopped PMO charging given all things around oil continued to firm?

Impunity, lol, good luck.
Night.
Posted at 22/2/2021 10:39 by patience a virtue
Creditors meeting today and in a month time pmo will become Harbour.
It is tiring to hear the constant scaremongering from the resident preacher. The 3 billion shares to be issued to the creditors have been known to the market for some time and pmo share price has stayed way above the 8.5p. With oil at $60s the key here is the future market cap of Harbour which will determine the value of the 5% for the current pmo holders.
Posted at 21/2/2021 22:01 by andypop1
Surf,
I don't consider you a fool because you do question aspects of your investment.
None of us know what impact the creditor shares will have on the share price but it is a clear and present risk.
The creditors will want to maximise their return so won't set out to deliberately crash the price, if you look back to the VWAP period before the last chaotic refinancing you will see the lenders controlled the price to ensure the conversion price was within a penny of the lowest price available to them.
When they were given the incentive to convert they managed to propel the price to a recent high, so who knows what will happen this time but we are looking at a lot more creditor shares compared to the convertibles come the end of March.

Adg,
I believe a share consolidation will happen but that would be a relatively neutral event so far as the creditor shares are concerned, yes there will be a lot less to offload but they would have the same monetary value and more importantly they would be the same percentage of the shares in issue.
If the ratio is high enough it would take HE out of the psychological penny share zone other than that no real change.

Good luck.
Posted at 21/2/2021 10:18 by surfit
Hi AndyP, its a good question and a concern that you have been correctly alerting us smaller PMO holders to.
My thoughts are would the creditors be offering those shares up for sale/purchase immediately (those that can of course i.e. not held under a limited timescale of hold) or wait until the market (or HE's) position was in the FTSE 250?
I am guessing its a numbers game again I.e. if the share price drop below the creditors acceptance "value" they hold until there is entry and more buyers. If it does drop below this and trackers will or be "possibley" be known to enter later, could this trigger a get in early scenarios?

I am not discounting the usual oil company investment considerations: PoO, expected economic growth (more so India/Asia) demand, renewable investment covid, industry underinvestment,shale growth/decline/plateau etc etc the list is large.

Its a lot of shares, but with debt stability would the company then be assessed only on the above i.e. business as usual for all the previous and the new oil factors?
And of course the question boils down to current share price correctly assessed now or fall off a cliffs. I think most LTH would accept a small retrenchment in the expectation of growth?
Best Rgds Sft
Posted at 18/2/2021 08:04 by undervaluedassets
you are right WeeM.

you cannot argue with the volume price action

Last 3 days buying of PMO stock ..

15/02/21 volume 24 million shares
16/02/21 volume 18 million shares
17/02/21 volume 16 million shares

(Average daily volume for PMO for past 12 weeks 11 million shares per day so volumes over the last 3 days nearly double what is normal)

Share price appreciation over last 3 days 14%

So the shares are going up on larger than average volume.

2nd fastest gainer in the FTSE small-cap index over the last 3 days (Enquest at no 1).
Posted at 17/2/2021 16:55 by stansmith3
uvayou are the one struggling to reconcile why pmo shares price has not matched brent since last mayits easy, ill try againpmo nearly went bust (still with me) they gave AWAY all their assets and debt in exchange for 5.45% of an enlarged entitywhy is that so difficult?had pmo NOT merged and someone managed to survive until today, yes the share price would be flyingbut it not and it wont.....for the reasons aboveif there was a sniff of truth in what you think, dont you think people would be buying....?pmo share price is behaving exactly as expected
Posted at 14/2/2021 10:38 by adg
Last time I had a gang I was about 12, it was called the black cat gang - our den was inside a neighbours huge bush.... (not that bushes are your thing by all accounts Stanley..)
Losing money.... Oh dear Stanley a loss is not realised until it is sold - I thought you were the oracle of wisdom of ADVFN , my average is just over 30p, I have no need for the money and am more than happy to leave it for now - anyway it’s worth it to have a reason (unlike you) to come on here from time to time to see the Laurel & Hardy gimp show (you being the gimp not andy) and remind myself how lucky I am not to have all your bitterness and sadness, I want to help you - take my olive branch and sort your head out stan.

BTW - Did you check out SYN on the few occasions I suggested it may be worth a look ? It’s doing well and Monday may be a good day for them considering coverage and comment this weekend, I have 15k @ about 100p average - may be a good week for them.

As for PMO - agree there may be many months of stagnation for share price but Chrysaor is a well run outfit (I know) and traditionally financed so my personal opinion is that there could be a modest return on today’s share price for those patient enough to wait out the clearance of the inevitable overhang. I don’t think it will take years, months more likely. The new Harbour energy entity will be a different beast to PMO and could IMO find plenty of buyers, maybe Laurel and Hardy may be tempted to take a bite themselves (I’ll lend you a few £‘a)

PS you HAVE TO watch this Stanley and I promise even you will laugh... it actually led me to order last week the 21 disc box set of them🤣
Posted at 11/2/2021 11:41 by voci
From here:



This:
-----
"The debtholders that took equity will create what’s called an ‘overhang’. Think of an avalanche: one stray yodel and a pile of ice and snow wipes out skiers on the lower slopes.

So, the shares owned by former owners of Premier debt, who aren’t natural holders of equity, could at any point be dumped on the market like an errant batch of the white stuff.

If you believe in the overhang thesis then the share price for enlarged Premier (which will be known as Harbour Energy) is only going one way – down."
-----

I am a retail bond holder and as such I am being offered cash or cash plus shares for my holding. If I want to cash in and not be an equity holder I would be better of by taking the cash plus shares offer then selling the shares at say 20p. However if too many other debt holders take the same route then I ain't going to get 20p for them.

Where are you on the "overhang thesis"? An avalanche that will crush the share price? Or will the heat of merger melt the pile of ice and snow away?
Posted at 09/2/2021 07:57 by csmwssk12hu
Listen to the professionals squeeze on oil price forcing it higher is coming and can’t be stopped

Note what the professionals are saying it’s all about the backwardation

From Dow Jones News Wires by Joe Wallace
A booming rally in oil markets has pushed crude prices to their highest levels since near the start of the coronavirus pandemic, powered by production curbs and recovering demand.

Brent-crude futures, the benchmark in energy markets, have risen more than 50% since the end of October and are approaching $60 a barrel for the first time since Covid-19 began to erode oil demand in early 2020. Futures for West Texas Intermediate -- or WTI, the main grade of U.S. crude -- last week surpassed $55 a barrel for the first time in over a year.

The speed of the recovery has surprised some investors and analysts, given that coronavirus continues to curtail demand. It has juiced shares of companies including Exxon Mobil Corp. and ConocoPhillips after a troubled 2020 for oil-and-gas producers, making energy stocks the best performers on the S&P 500 this year.

"The market definitely has some momentum," said John Kilduff, partner at Again Capital LLC, a hedge fund that invests in energy derivatives. "WTI is going to be targeting $60, too."

Oil is rising against a mixed economic backdrop, with data published Friday suggesting that the labor market faces a long road to recovery. But the stock market continues to power higher, in part because investors expect a new dose of fiscal stimulus and vaccines to goose growth.

American drivers are already paying more thanks to the rally in crude. Nationally, gasoline prices have climbed to an average of $2.46 a gallon from $2.12 at the start of November, according to GasBuddy, which tracks retail fuel prices.

Gasoline prices are likely to keep climbing. Crude's recent advance will take two to four weeks to translate into higher prices at the pump, said Patrick De Haan, GasBuddy's head of petroleum analysis, though he doesn't expect to see gasoline hit $3 a gallon on average any time soon.

Behind oil's rally: Huge stockpiles that accumulated in the early stages of the pandemic have winnowed down faster than many people expected. Traders say that could pave the way for further price gains if demand, which has already recovered in China and India, picks up in developed economies.

The fall in inventories is largely down to efforts by the Organization of the Petroleum Exporting Countries and its allies, led by Russia, to restrain production. Since agreeing to the cuts at the peak of the crisis in energy markets in April, producers have held back a cumulative 2.1 billion barrels of oil, OPEC said last week.

U.S. companies have also helped to prevent production from swamping demand. Global appetite for oil remains below pre-pandemic levels despite a pickup in consumption of gasoline, naphtha and fuel oil, which is used to heat homes and power ships.

American producers are pumping 17% less crude than they did on the eve of the pandemic, according to the Energy Information Administration.

All this has pulled the amount of crude oil and petroleum products stored around the world down by about 5% since its peak in 2020, according to Morgan Stanley analyst Martijn Rats.

There is no shortage of oil, but one sign the market is tightening stems from the relationship between current and future prices. Spot prices have climbed to a premium over prices for crude to be delivered down the line, showing that traders are willing to pay more for immediate access to oil.

On Friday, WTI contracts for oil that will be delivered next month cost $5.16 more per barrel than contracts for crude that will change hands in March 2022. That is the biggest premium for front-month futures since the start of the pandemic and contrasts with a historically large discount last April, when a glut of oil pushed WTI prices below zero.

"It is a bullish indicator," said Scott Shelton, an energy analyst and broker at United ICAP. "I don't think there's any question about that."

Analysts say this dynamic -- known as backwardation -- has been exaggerated by a slowdown in purchases of long-dated energy contracts by airlines and other companies that buy them to hedge fuel prices.

Still, some investors say the condition shows the rally has further to run. It gives traders an incentive to take oil out of storage, because they earn more from selling it straight away. That in turn would bolster prices by whittling down supplies. Lower forward prices also make it harder for producers to lock in profits for barrels they will sell in the future, encouraging them to keep oil in the ground.

Backwardation could encourage more money managers to bet on crude, said Mark Hume, co-manager of BlackRock's BGF World Energy fund. When spot barrels of oil fetch a premium, funds earn a profit when futures approach expiration and they flip their position forward into cheaper later-dated contracts
Harbour Energy share price data is direct from the London Stock Exchange

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