Harbour Energy Share Discussion Threads

[marvin9] 29/3/2017 09:01

Where can this shorting info be sourced?

[nav_mike] 29/3/2017 08:35

Marshall Wace and Systematica, two of the more aggressive shorters in the past, do seem to be slowly exiting their positions.

Marshall Wace in particular have bought back over 3.5m shares from the high point of their short position.

I always thought that the share price wouldnt be allowed to rise much in this period, as the MMs will be colluding with their hedgie mates to exit their shorts (which have served their purpose) as painlessly as possible

[leoneobull] 29/3/2017 08:00

Yes rogk. But you don't actually own the shares do you Roger

[peterlowen] 29/3/2017 07:41

Shorts reducing a little each day :-)

[paulbiya] 29/3/2017 06:29

I think it is quite possible if this drags on and on, PMO offers the cbs a final compromise on say the interest payments in cash rather than shares.From listening to the webcast of the results, it is clear hat everybody recognises the main lenders are the big boys here, not the bond holders. If the BHs don't agree after over a year all stakeholders would lose, and crucially they would be shooting themselves in the foot. Whilst I would like to see early repay,met to the cbs only the webcast made very clear that this would be unacceptable to the main lenders who have agreed to a five year extension

[marvin9] 28/3/2017 21:58

A sword would be a tooth pick for FL TD

[asa8] 28/3/2017 19:05

I just hope Durrant does the right thing and falls on his sword problem is he will try and eat it.

[marvin9] 28/3/2017 18:58

Tell ya what... phone super Liz up at PMO and ask her what is fat tony doing about the constant share price manipulation that has gone on for the last 6 weeks; lets just see what Liz has to say about that?

[forwood] 28/3/2017 16:52

There will be agreement. They have no alternative in my view

[leoneobull] 28/3/2017 16:34

Beg. Voted up. It makes me nervous too, but we have to trust what we have been told. Wouldn't surprise me that some bondholders aren't allowed to lock up due to their charters.Also worst case, delays, pay off the bondholders and exclude them from the refinancing or offer them slightly improved terms such as interest in cash, a 1% sweetener etc.

[begorrah88] 28/3/2017 15:59

Re the response from Elizabeth

'That said, we and/or Moelis have received sufficient verbal assurances from the remaining holders – many convertible bondholders are unable to enter lock up agreements under the terms of their charter – such that we fully expect the amended terms to be passed at a General Meeting.'

That sounds like the usual tosh from PMO - in other words 75% have not signed up.

'verbal assurances' are worth absolutely Jack. If I was intending to derail the whole process and short the living bejeezus out of PMO I would tell them that yes, I do intend to accept the terms but, er, can't just at the moment due to, er, the terms of my charter [Never heard of a charter stating that people CANNOT confirm agreement to amended terms!] the suggestion being that they can't agree to amended terms yet but can at a general meeting by raising their hands?! come on! Get real.

Unfortunately, TD wants to believe this as the alternative is too ugly to consider so he has chosen to swallow that tosh and guess what - the share price is being shorted once again [POO up about a dollar while the share price has not risen at all and is being pushed down into the close once again, ENQ is back up - PMO is down so it isn't POO causing this].

Shareholders are being shafted by TD not closing this down. No date set for a meeting? why not? he knows he has to have one if the Elizabeth e-mail is to be believed.

The financing deal, in my opinion, is in more jeopardy right now than it has been so far. TD doesn't want to acknowledge that but it is why the share price is being battered again.

Why has he not stated a date for the meeting if he knows it needs to happen? Why are shareholders having to ask about the 75% lock in? why is the company not providing this info?

This post may be considered by some as a deramp - it is not an intentional one but my genuine interpretation of what is going on at present.

[nav_mike] 28/3/2017 15:55

Well the AT trades and SETS book are telling us summats up. Endless downside pressure just as oil price is gaining

Bloody scandalous that a relatively small % of debtholders can delay and potentially scupper a huge refinancing such as this

Or maybe thats just it....they know they have us over a barrel?

[marvin9] 28/3/2017 15:28

Franky franky franky lmao........... just my point,

NOOOOOOOOOOOOOOOOOOOOO she don't lol..... best answer will be.. within a few weeks .... Historically lol.

And that turns into months

[bakedbean57] 28/3/2017 15:27

Received end of last week no indication of dates.

[marvin9] 28/3/2017 15:25

All she ever does is fob people off, and very professional she is; hence the big fat cat pay cheque.

PMO need a good clean out from top to bottom, get rid of all the lazy dead wood; in PMO's case its a jungle.

Lazy, good for nothing, clueless directors.

The market hates em, hence the appalling share price performance.

[frankmcalorum] 28/3/2017 15:22

Hi Bakedbean57, thanks for sharing. When was this received from Elizabeth and has she indicated when a meeting may take place. Thanks

[bakedbean57] 28/3/2017 15:16

Unfair always find very helpful.

[marvin9] 28/3/2017 15:15

They will be all sat around an there big fat asses, doing nothing but drink tea and eating crumpets.

Historically directors operate like a snail race whilst the share price crashes and Tony and his mates short and make mega dosh.

[marvin9] 28/3/2017 15:11

What does she know about football, she is as useless as Fat Tony, She would be better at home making brown bread and ginger bread men.

Another useless freeloader employee with her nose deep in the trough!

[bakedbean57] 28/3/2017 15:11

Happy if email address provided to send on thread.