Harbour Energy Share Discussion Threads

[brazilnut1] 01/7/2022 14:44

Load of rubbish. Linda Cook ? Big con just like PMO. £6.50 ?, most of this bb will be deid before that happens 😂😂😂😂8514;

[mickinvest] 01/7/2022 13:01

Do you ever post anything positive on any company chutes?

You can't deny Harbour have reduced debt from $2.9b in March 2021 to $1.7b in March 2022 and on target to erase the lot sometime next year. The company may have got lucky with oil and gas prices but I'll take luck. The whole sector is down and nothing they can do but buy up the undervalued shares and wait for value to out in the end, it always does.

[chutes01] 01/7/2022 12:38

there was always something about linda cook i just did not get, phil kirk has made himself a rich man on paper here and needs to get out quick
the pmo listing at 20p (400p now) was a way of offloading to the market
Tony durrant bankrupted pmo, he tried to borrow his way out of trouble by adding a bp asset, then chrysaor came in to put them out their misery
harbour have huge opex costs, 3 drilling rigs at 200 mio/day, and de-comm costs looming

[dandigirl] 01/7/2022 12:33

andy: The link is 3 years old and still got 9 ticks! Strewth.

There are 3 strands of thought on here.

Most are eternal optimists.
Then there is andypop who has been posting for well over 2 years to remind us that HBR is a vehicle for private equity to extract value pretty much as they wish.
Then there is me who appreciates where andy is coming from but who hopes that he will be proven wrong sooner rather than later so I can join the optimists.

£5 would do for me but at present £4, the old 20p, seems a good way away.

That buy-back sure has set the share price racing upwards, hasn't it?

[heialex1] 01/7/2022 10:25

For the patient, resilient and brave... but £50 notes for £35.Good time to accumulateI think.... We'll find out in 12 months....

[back2basics1] 01/7/2022 10:03

Brent prices now up on the day and trading again nicely above $111 levels while Gas prices have clearly been rocketing:

[cashisking76] 01/7/2022 08:02

“European natural gas benchmark TTF rises above €150 per MWh for the first time since early March (that's ~$45 per million Btu or ~$255 per barrel of oil equivalent)”

[andypop1] 30/6/2022 23:49

Mick,

But there were and are no funds significantly invested in HBR to exit.

At the takeover shareholders were left with an insignificant 5%, creditors (who are not funds) held 18% and the rest was private equity using the takeover and new listed business as a vehicle to extract their previously invested cash.

The share buyback is just another cog to assist that extraction, call it a PE cash machine if you like.

The buyback is offering a little protection to private investors but it is not the mechanism some claimed it would be (and still believe it to be) to propel this to the dizzy heights of, what is it now, £6?


Good luck.

[bearnecessities33] 30/6/2022 16:04

At present rate, Harbour Energy share buy backs will be completed even before the 25 August Half Year results publications, although, company announcement had stated year end as the deadline for buy backs completion. This clearly suggests that company broker wants to maximize purchases here while share price is incredibly low, and also expects outstanding Half Year results ahead thereby pushing the ailing share price up further to much more deserving levels, do the maths.

[milliecusto] 30/6/2022 09:44

https://markets.businessinsider.com/news/commodities/oil-price-outlook-surge-g7-russia-cap-plans-energy-seb-2022-6

[mickinvest] 30/6/2022 09:22

rajn

I think a lot is to do with funds exiting fossil fuel investments, an example would be the Norwegian wealth fund, there just isn't the volume as yet to move the prices back up but eventually value will be priced accordingly, just don't ask when but the share buybacks will definitely help.



The world’s largest sovereign wealth fund, which manages $1tn (£786bn) of Norway’s assets, has been given the go ahead for the largest fossil fuel divestment to date by dropping more than $13bn of investments.

Norway’s parliament voted plans into law on Wednesday for the fund to dump investments in eight coal companies and an estimated 150 oil producers.

[dandigirl] 30/6/2022 09:06

rajn: We don’t either. share price defies all logic, doesn’t it?

Now read andypop’s posts and all will become clearer.

[rajni120] 30/6/2022 08:08

Can someone explain how harbour share worksWhat isit rising ang falling onCant be crude as share price was higher when crude was 20 dollarsI dont understand

[back2basics1] 29/6/2022 14:54

Energy Voice Article:



And in the meanwhile here, bullish Brent prices back up again at circa $120 levels so far today:

[mickinvest] 29/6/2022 08:10

Interesting, could do with a bit more meat on the bone but it's a start.


KONTAN.CO.ID - BALI. The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) revealed the potential for oil and gas findings that are quite interesting in the Andaman II Block. The finding was discovered after Premier Oil, as the operator, drilled one well in the oil and gas working area.

Head of SKK Migas Dwi Soetjipto said the discovery of oil and gas potential in the Andaman Block was quite interesting because the British company had only drilled for one structure. While the Andaman II Block itself has 10 structures. "This is interesting, why? BP is serious about entering Andaman II, BP is a big player," he said on the sidelines of the Indonesia Human Resources Summit (IHRS) 2022 Bali, Tuesday (28/6/2022).

[luckyjoe999] 27/6/2022 17:17

“Libya Says It May Suspend Oil Exports From Key Terminals”:

“NOC could declare force majeure for Gulf of Sirte in 72 hours”
“OPEC member’s output has already slumped amid port closures”

[mrscruff] 27/6/2022 12:13

Thanks Andy. The more negativity on LSE the more contrarian the entry. We had KIST recover then SQZ recover, IOG appears to be following, next HBR then probably followed eventually by ENQ. Bought all of them. May cover my gas bill.

[andypop1] 26/6/2022 22:08

Scruff,
This board is a walk in the park compared to the old PMO board on here, if you think this is toxic don't join the lse asylum!
Good luck.

[andypop1] 26/6/2022 22:05

Dandi,
Thank you, even if it was meant in jest.
Thankfully the others have now been removed putting me back to net zero where I like to be, I guess the more optimistic posters realised I was taking the mick.
Good luck.

[luckyjoe999] 26/6/2022 07:06

Post from lse bb:

WellIntervention
Posts: 161
Price: 355.10
No Opinion
RE: Fair value
Sat 10:02

“So when the saner individuals on this board say the share price should be double what it is now, they are not being crazy optimists, they are being absurdly pessimistic.”

I concur. Brent prices have been consistently trading above USD $100 mark every single day of this year so far, now if Brent prices remain above even USD $70 into 2023 and possibly 2024 (btw, present forecasts state very much higher Brent price levels and for lot longer), HBR share price then clearly has the potential to be £10+ here which is actually very logical based on company assets, production potential and fundamentals.

[mrscruff] 25/6/2022 16:52

Not sure about finding the next uptrend as it could fail, I think you need to get in earlier and be contrarian. Reading this forum can be bit toxic and cast a bit of a dark cloud in my thinking. I have to remind myself why I bought here. This is the most contrarian and value play with a 2-year outlook where we could get a change to windfall tax, we could end up with Germany stopping payment to Russia to help fund their invasion of Europe and we could bypass a recession.

HBR is contrarian because 1-year performance is -3.55% vs and oil and gas price that is well north of those values with other North Sea plays making a recovery. On the chart the RSI and MACD indicators are looking really strong for a bottom if not the other indicators ...yet.