Harbour Energy Share Discussion Threads

[andypop1] 16/7/2021 14:52

It finally got there, let's see if it holds.

[sbb1x] 16/7/2021 11:46

It was only a few that u bought. So will wait for the lump to invest

[brazilnut1] 16/7/2021 10:17

Waste of space con artists. No better than PMO were. Hailed as a great deal but when ? , likely never as share price could easily go sub 300p and stay there for a long time while they are making fortunes with POO @ $74+. No interest in PI’s.

[markymar] 16/7/2021 08:05

Only one coward here Andy someone who judges fron the sidelines who has not invested

[andypop1] 16/7/2021 00:25

I'm loving the two thumbs down from the cowards who don't have enough conviction in their own beliefs to post a counter argument.
I feel like I'm the last man standing having seen off the numerous bulls who sold this to the punters as a dead cert.
Please keep the cowardice thumbs down coming without passing comment.
Good luck.

[andypop1] 15/7/2021 21:23

Sbb,
You should have waited for them to crash it to your £3!
On a serious note, if 340p-342p holds, that's a big if, I might join you. If it doesn't I'll try to catch it on the way back up at or around that level.
Good luck.

[sbb1x] 15/7/2021 08:52

Just bought a few.

[andypop1] 15/7/2021 00:27

Sbb,
You need to look beyond the headline,US domestic production is steadily creeping back up, the refined products (a better indicator of demand) grew despite the market expecting a draw.
In the wider oil market it is rumoured that the UAE will be allowed to release more oil into the market and then there is still the threat of the Iranian oil adding to the global supply.
We still have Covid running rampant, the Netherlands unlocked and are now putting restrictions back in place due to cases jumping 300%, the UK have taken the Spanish Islands off the green watched list, will that encourage anybody to book a last minute holiday during the travel industries busiest period?
Inflation is up in part because of rising fuel costs, I could go on.

Surf,
A good balanced post.

Good luck all.

[sbb1x] 14/7/2021 20:49

Massive oil draw but they have taken oil down nearly 3%

[inv] 14/7/2021 15:00

back to 400p tomorrow

[sbb1x] 13/7/2021 13:43

Crash it to 300 once and for all to get rid of these scum sellers

[surfit] 13/7/2021 08:53

Hey Andypop, will be interesting year and mostly good year or two for HBR. Tieing up a good % of production at $65 although missing out does indicate their attitude towards managing financial risk.
I think your right they over cooked the consolidation but that too is maybe an indication on how they see themselves, but to hold that "big oil" mantle its going to take more than a few more mad max nodding donkeys. Will it be the BP assets they may be considered to be a bit higher in price now, but HBR know just how reallllly desperate BP are to sell.
My bet is they keep North-sea (tax credits will be burning a hole in their pocket) or squeeze RKH and FiG for more %'s (by sitting on it for another year). Although if RKH get more than 20million from OM pay out they have less leverage. RKH Director(s) will happily kick the can down the road (at 390k salary) ad infernitum.

Not sure on the plays to be had in Asia.
HBR seem so very comfortable with the safety of Northern hemisphere assets, the only fly in that is sudden green turns....but less risk than the destabilising ME, the more gradual but creeping destabilising Latino regions.
So does China's back yard have any cash cows that can be easily bought?

All very interesting, just not much opertunity for share growth at this level. My Ave was 23.5 old money so can I see the share price at 500p, not for some time nor if they stay so very cautious.
Add into the mix: No ii's want to be left holding the oil baby when the music stops, so must be riding the bulls but quietly and continually siphoning out.

All the best Sft

[andypop1] 12/7/2021 22:31

Surf,
The share consolidation was always going to happen, I thought they would go for a 5 for 1 to get the price to around the much talked about £1 level to keep the traditional (gamblers) shareholder base interested but instead they opted for £4 in an attempt to break away from the penny share stigma and the drama that comes with it. In my opinion that was a mistake, the traditional buyers are put off by the price (I know it shouldn't make a difference but it does to some) while the institutional investors, who I assume the £4 was aimed at, aren't convinced yet.

Sealion? Your guess is as good as mine on whether it will get sanctioned. Navitas are small fry but they are an American company, will that help should the Argentinians try flexing their depleted military muscle like they did in the 80's?
Probably.
The FI government has and continues to extend the licence, to me that suggests no other operator is interested in taking on the challenge of bringing the asset to first oil in the harsh South Atlantic where there is no infrastructure in place, could HBR be pioneers?

The money spent to date was spent and accounted for by the previous company so will be of little concern going forward compared to the debt the new company would have to take on to develop sealion, don't forget they have to carry Rockhopper's costs up to 1st oil.

If I were a betting man I would put my stake on it being shelved with Harbour focusing on buying more rusty producing assets.

Good luck.

[surfit] 12/7/2021 13:39

Hi AndyPop, good to see your still here.
What I found interesting was the rerate-allocation, I missed that in any merger /future prospectus documentation. Understandable for obvious reasons for the company: an easy way to reduce the so very large volume and reprice the share price in one swoop. But not put out in the plan, I.e. a dividend was promoted but not that. Why not?
What is your thoughts on Sealion (I am invested in RKH). Can they seriously be considering not developing, wiping out massive FEED spend? Turning away from such a large reservoir, true due to Argentina they MUST have full support from HM gov, not for capital but the obvious political and sanction ramifications to both them and the UK.
With Zama a real mess, it's not their only option as they have been bigging up Tuna and Asia, but I feel its (SL) a HUGH elephant sitting in HBR portfolio and will show a lot about how they wish to develop their future business.
I think they would prefer another investor to reduce the exposure, not sure if Navitas will are big enough.
Rgds Sft

[andypop1] 09/7/2021 22:10

Monty,
I'm sure there are some who have an average of 150p in old money but many more were promoting this at around 100p telling anybody who would listen this was a dead cert, a bagger and here we are at 19p!
What would it take to get this to £30?
A miracle, lol.
On a serious note, these boards are great for the bulls to entice the newbies in with their promises of riches, the group think and herd mentality must put a lot of decent posters off who don't share the same view as the majority.
This has been an expensive lesson for some who believed the bull gang's promises of riches.
Good luck.

[montevid] 09/7/2021 07:51

AndyWould be interested to hear what would have to happen for the share price to hit £30 per share. Seriously, that would be break even for a lot of former PMO shareholders.Thanks

[andypop1] 08/7/2021 22:07

Jas,
With Talos not being the operator they and their partners, including HBR, will be at the mercy of the bankrupt state run oil company Pemex.
Yes HBR will receive payment for their percentage of oil but they will also be liable for their percentage of the Capex to get to 1st oil and the Opex and Capex to keep the oil flowing, Pemex will dictate those costs not Talos who have a reputation of being a low cost, safe operator.
There is also the question of when will Pemex develop the field?
The company is skint!
The decision hurt Talos more than it did HBR but it brings into question the value of the other blocks PMO won.
Good luck.

[dandigirl] 08/7/2021 16:11

PMO/HBR: 25%

[jasdan] 08/7/2021 11:02

Regarding Talos, presumably if HBR own 49% on the disputed field, they at least get 49% of the proceeds, whether or not Pemex manage it?

[sbb1x] 08/7/2021 10:57

Need to crash the share price to get rid of the scum sellers (overhang ) take it to 300 and get it done with.

[brazilnut1] 08/7/2021 10:40

Pemex won’t have anyone controlling big oil assets in their waters, particularly Americans, don’t know why Talos got involved, PMO either. Poor due diligence or naivety.

[dandigirl] 08/7/2021 09:41

From what I read, PMO have been trying to sell for the last couple of years.

[jasdan] 08/7/2021 09:29

Pemex is picked to run Zama, OK we understand. But what I don't get is whether or not Talos are still involved? Afterall, it might just be that Pemex gets to make the decisions as manager of Zama, but profit etc is still split between Pemex and Talos as they presumably retain their part ownership of Zama?

It is not a case of expropriation by the Mexican state, merely preferential treatment from what I can see?

Does anyone understand the matter in better political detail?

[brazilnut1] 08/7/2021 09:01

HBR just another second rate dud oilie. This ain’t going anywhere anytime soon now Pemex have taken over as operator which I always said they would. They are corrupt bullies, always have been, always will be. HBR may be better selling their bit if they can and getting out altogether.

[dandigirl] 06/7/2021 16:11

jasdan: It seems that one of the first questions is whether PENEX owns over 50%? Wouldn’t be surprised if TALOS start legal action in order to clarify the matter.