Harbour Energy Share Discussion Threads

[andypop1] 17/3/2022 23:10

Space,
But you need to be recorded on the register on the 8th of April to qualify for the dividend, after that date it goes ex-dividend so those buying after won't be buying it for the dividend.
What shorts are you expecting to close?

A positive update today that propelled the share price to 20p in old money!
As of April Fools Day there will be no shares locked up, a week after that date the share goes ex-dividend?
I'm sure that's just a coincidence!

Good luck.

[dd776] 17/3/2022 19:28

-- Tolmount (UK): platform commissioning largely complete; start-up underway.How long does it take to wind up.. a couple of day ! Or is it weeks !

[dandigirl] 17/3/2022 18:24

Company is obliged to update Tolmount no later than month end. Good news there should send the shares up.

[my retirement fund] 17/3/2022 13:02

Just love this: At $100 /bbl and 200 p/therm average prices for 2022, we expect to generate between $1.5 and $1.7 billion of free cash flow (after tax and the $200 million dividend payment) with the potential to be debt free in 2023.

Also noted a forthcoming approval to buy back up to 15% of the share capital. Very sensible whilst the share price is at such a low rating imo.

[heialex1] 17/3/2022 12:49

Good results and amazing outlook considering the price of oil and gas. Completely unloved but seems to be extremely cheap. In my mind it the type of share that could pop significantly over the coming months

[spacedust] 17/3/2022 11:08

I expect continuing buying up to may for the dividends. Shorts closing will spike this as well.

[my retirement fund] 17/3/2022 09:37

A £4M buy just gone through at £4.07, perhaps the institutions are sniffing around already

[spacedust] 17/3/2022 09:33

There will be some short sellers here prior to consolidation

[my retirement fund] 17/3/2022 09:04

Its the £4 ceiling I mentioned, clearly the maximum level for the ex bond holders to sell the equity, its never going above £4 until that's been sold off. Perhaps the results will attract an institution looking to increase their energy portfolio and clear this soon.

[dandigirl] 17/3/2022 09:00

.. and still the selling continues.

[my retirement fund] 17/3/2022 08:38

"we expect to generate between $1.5 and $1.7 billion of free cash flow (after tax and the $200 million dividend payment) with the potential to be debt free in 2023."

Could become a very high yielding share in a years time then. Easily over 10% yield at todays price with plenty of headroom over that.

[brazilnut1] 17/3/2022 08:24

No change here. Same old disinterest. Who said this would break £5 on this RNS ? Be lucky to hold £4.

[spacedust] 17/3/2022 07:38

Great results. Dividends being introduced. Will break 400p glass ceiling

[steve73] 16/3/2022 14:05

IIRC as part of the merger all (or most??) of PMO's debt was converted to shares @ c. 400p (or perhaps 90 something %).

At that time, there was c. 4-5x as much debt as there were PMO shareholders... so that's a lot of former debt holders trying to recover their capital, which is why I believe the share price is sticking around 400p.

I'm not sure how the Chrysoar debt got handled during the T/O.

It was unclear to me at the time, and I sold out of PMO well before the merger completed.. I do still have some of the warrants from the 2016 refinancing, which I think expire this year... need the share price to be over 800 for them to be worth anything, which is the only real reason I maintain a cursory watch here.

It might be useful to see a volume chart to try to understand how much of PMO's "debt" shareholders are left to sell out..

[my retirement fund] 16/3/2022 12:46

Almost like there is some kind of computer bot seller hedge programme that kickcs in a soon as the share price hits £4, its been going on for ages now

[andypop1] 14/3/2022 22:46

ARCM have never held enough shares in the company to be above the reporting threshold so there were never going to be any TR1s from them, they didn't hold all the debt.

[andypop1] 14/3/2022 22:40

For what it's worth the hedge will be reported as a substantial loss on the balance sheet but it will be an accounting loss despite the hedges most likely turning a profit.

One (dB), that's a bit rich coming from you, the clown who claims to work at a trading desk yet posts on numerous boards, how does that sit with your imaginary bosses?

ADG, I work in construction and I said when the six month delay was announced the business would have known about the issues when they stated first gas was expected in July only a few weeks before the six month delay bombshell landed. The project has been mismanaged, the six month delay has increased by 50% to a nine month delay with the BoDs again giving false hope to shareholders by suggesting first gas was likely by the end of January during their capital markets day presentation.

Good luck.

[kenbos] 14/3/2022 19:47

I think Thursday is a news day

[adg] 13/3/2022 12:04

I have been in O&G projects / industry since 83 and I know a few people in the industry who know people in the industry and so on.

It’s not price sensitive, and it’s not a given but it seems to align for once with what the clowns at PMO/HBR are saying. It’s only 2 or 3 yrs late….

Their project, construction & commissioning team are all at fault - the latter delays since it was on location (a year or so I guess) has been the result of something that could easily and should have been picked up at one of many of the various project phases/gates (E, P or C) by any one of many roles by competent project members (if they had any which I don’t know).

If it had been my project it would have been caught in the engineering phase with 100% absolute certainty and would have been rectified before construction began in Italy or at the very worst in the early construction phase.

[sigma3333] 13/3/2022 11:37

adg
HBR know they have massive skills shortage.

However, they are actively recruiting big time for experience, it will take time and cash but change is in the air.

The best thing about HBR is their balanced portfolio with most of it being non operated (buzzard CNOOC, Schiehallion BP, Beryl Apache). They ain't wasting money on high risk BOD vanity projects atm.......

siggy

[dandigirl] 13/3/2022 09:42

..and your source is?

Company says by the end of the month. We should receive news this week.

Expect share price to fall if target date slips again.

[peterlowen] 11/3/2022 09:52

11-Mar-22 Barclays Overweight 570.00 570.00 Reiteration

[onedb1] 11/3/2022 09:07

Catsick have you lost the plot ? May I remind you that bbs are indeed covered by the FCA and spreading deliberate false information could get you in trouble. You have no information whatsoever. Not to mention you just don't understand what a hedge is . It's embarrassing