Harbour Energy Share Discussion Threads

[nchanning] 13/9/2023 13:12

Genuinely wonder what the shorters see here with no debt , and strong oil and gas prices and the tax regime already as bad as it can realistically get . How do you get a big fall from this level ? Surely upgrades incoming after the big rises in oil and gas

[monkeybusiness1] 12/9/2023 15:18

Bloomberg
OPEC Oil Data Show 3 Million-Barrel Shortfall on Saudi Supply Squeeze

Fourth-quarter deficit may be the biggest in more than decade

Saudis, Russia have extended extra supply curbs to end of 2023

Global oil markets face a supply shortfall of more than 3 million barrels a day next quarter — potentially the biggest deficit in more than a decade — as Saudi Arabia extends its production cuts.

[nav_mike] 12/9/2023 15:16

NTV
There were significantly more shares in issue then as well. Our mcap has been slaughtered

[ntv] 12/9/2023 14:25

This was over £4 when the oil price was last here
I guess the extra tax has stopped it going back there again

[ntv] 12/9/2023 14:22

I would have thought this would have picked up in line with the oil price
Oil price over $90
I am guessing though a lot shorts going on as buyback comes to to an end

[royalalbert] 12/9/2023 11:35

My main problem is the stock out on loan with the buybacks ending, that's why another one must surely be announced to counteract shorting activities.

[royalalbert] 12/9/2023 11:10

Kenbos activity with price will be interesting for sure, the amount of stock out in loan is quite large so buybacks ending could give a different perspective on where the share price trends.
Although I still expect another buyback to be announced in the not to distant future.

On a different matter not sure how they can say $100m spent on divi at 12c were the amount of shares is lower than at the last divi payment.

[kenbos] 12/9/2023 11:02

Thanks Mike I think we may see some activity with price after that maybe tell us a bit more about future plans

[nav_mike] 12/9/2023 10:55

At current rates I reckon they are aiming to end the current buybacks a week on Friday

According to the sheet Ive been running, we should be at approx $184m by close today

[kenbos] 12/9/2023 10:33

Buybacks must be nearing the end now ?

[anhar] 12/9/2023 10:08

Sterling value of US12¢ 2023 interim divi announced: 9.6208p

[spacedust] 08/9/2023 13:13

We should reach 250p at this rate. Where is the 800p

[back2basics1] 08/9/2023 10:52

UK & European Gas prices now surging here again today with Brent also looking steady at circa USD $90+:

[thecomposer] 07/9/2023 19:44

U.S. Crude-Oil and Gasoline Inventories Fall Sharply

Crude stockpiles slid by 6.3 million barrels last week and are now 4% below the five-year average

[dandigirl] 07/9/2023 17:30

andypop:still holding?

[xxx] 07/9/2023 14:59

Looks like top trading to me...I bought in av ~339 !

[sbb1x] 07/9/2023 14:08

Shorters in bed with HBR to buy back shares imo

[janhar] 07/9/2023 13:44

I hope the shorters get caught with their pants down when oil shoots up to 100

[wbodger] 07/9/2023 12:49

Will you never learn Mick. This is not traded on fundamentals, but on the fundamental idea that you can earn more money by shorting HBR than by investing in it.

Until companies like Harbour making lots of money take on the shorters and send a few away with a bloody nose it will continue. They could have started by cancelling the buybacks (it just encourages the shorters) and making tender offers instead, at a premium for their own shares. They need to buy back all debt and not buy any more companies with debt. And there are dark arts that could be used on hedge funds.

This doesn't stop until someone gets smart.

I'm in an even worse hole than you and exasperated by the strategy.

[mickinvest] 07/9/2023 12:30

Head scratching move today, 9.6p for dividends and about 12p fall when dollar stronger, gas up 5% and oil around $90. Bought too many around £2.39 grrrr

[milliecusto] 07/9/2023 10:46

Just switching off and enjoying the weather, totally manipulated and a farce

[janhar] 07/9/2023 10:37

Looks like someone loaded up for the dividend and then immediately dumped them. Someone was seriously short of their income target.