Harbour Energy Share Discussion Threads

[peterlowen] 17/3/2017 07:39

Shorts closing down to 6.91%

[nav_mike] 17/3/2017 07:36

adg

In theory yes, but if you look at TLWs chart they have dropped from 330 to 235 in a period of stable oil prices.

The cynic in me thinks those in the know have been forward selling, knowing that the RI was coming.

Be interesting to see if TLW holds above the theoretically 'correct' price of £2.

Many people have said that it was stupid the difference if TLWs and PMOs mcap was...maybe some chickens have come to roost

[nav_mike] 17/3/2017 07:32

Manics

I wouldnt be surprised to see a PMO fund-raising but only when the mcap is a good deal higher. TLWs capitalisation probably made a rights issue more doable.

[adg] 17/3/2017 07:31

Forgive my ignorance but if an additional 500m shares are about to be issued and hit the market whose purchase price is 130p then will there not be a big sell pressure as purchasers at 130p take some profits?

[nav_mike] 17/3/2017 07:29

Bit early in the morning for maths, but I make the theoretical ex-rights price for TLW around £2 or 15% less than yesterdays close.

[manics] 17/3/2017 07:29

Interesting take Mike. It will all come out in the wash eventually -perhaps the key question now is, to use your analogy, has Tony paid in full or do PMO still have payments pending?

[nav_mike] 17/3/2017 07:26

Maybe TLW's lenders werent so agreeable to repeated covenant extensions as PMO's were and our refinancing wasnt such a bad deal.

The pretty eye-watering discount on their rights issue suggests you really have to offer a pound of flesh to get these deals away. Maybe succumbing to weeks of shorting was the price we had to pay?

[manics] 17/3/2017 07:11

...a taste of what's to come for PMO over at TLW this morning? Malcy's ominous blog posts might agree with that.

[paulbiya] 17/3/2017 07:09

Results were March 9th

[gilesgraves] 17/3/2017 06:52

When Brent was last at $50, Premier Oil was at 130. However, Brent seems to be falling and could push down over the next few days. Three questions for anyone who is interested; 1. What effect do you think the falling oil price could have on Premier between now and results on the 22nd? 2.What do you think the results will be? and 3. How do you think they will affect the share price immediately and going forward into Spring?

[steve73] 17/3/2017 02:13

66.2 on 18.4 MM yesterday gives us an average to date of 61.98

Pretty much bang on the target the CBH's are after.

Obviously now the price will need to be "held" at this for the remainder of the period.... or if it stays higher for a few days then perhaps they'll be bargain opportunities in the closing day or two.

NAI

[ny_boy] 16/3/2017 17:13

Datait, the ace predictor. NOT

[leoneobull] 16/3/2017 15:24

Post refinancing is this the new kaz and Glen?

[datait] 16/3/2017 15:03

come on your supposed to fall to 60p lol

[investordave] 16/3/2017 14:51

Yet again the share price appears to be held back by the MMs. Tons of buys but they are making little difference to the share price

[bakedbean57] 16/3/2017 14:40

I've been staying away got to much of a fight at one point...

[investordave] 16/3/2017 13:19

Thanks for that.

[bakedbean57] 16/3/2017 13:15

Not heavy stacked at the moment until 69.5

[bakedbean57] 16/3/2017 13:14

30,000 shares at 66.25 v 66.50 shares 11,000

[investordave] 16/3/2017 11:42

Could someone kindly give an indication as to how L2 looks at the moment pse.

[upwego] 16/3/2017 10:56

dont be cheeky oil

Cant believe you would think such a thing :)

[leoneobull] 16/3/2017 10:47

Perhaps they got bored with your regular deramping on advfn and iii rogk