Harbour Energy Share Discussion Threads

[marvin9] 31/5/2017 19:03

My ohhhhhhhhhh myyyyyyyyy.

Rampers, Give me one reason why Puppet Clown Durrant should have kept his job and given a comical pay rise for constant failure?????????

JUST ONE! ???????????????????

[begorrah88] 31/5/2017 16:37

eastender - glad you were able to learn something today even if it was how to go back and correct a spelling mistake.

[nav_mike] 31/5/2017 16:15

Lets face it, oil is a traders lottery at the moment.

They got all they reasonably could out of the OPEC meeting, but now thats not enough and all is doom and gloom again, coz Libya is pumping full tilt.

Price has precious little relation to fundamentals, more to do with which way the big houses can push it.

It is very disappointing that we are where we are after all these wasted months....I dont like Durrants semi-comatose management style, but he seems well entrenched. If we could just break this feeling of PMO being run for everyone but the shareholders, I would be happier.

I still believe this long drawn out process was a condition of the major parties agreeing to the refinancing - ie let us make money on the side as a sweetener, and you can have your deal.

[eastender boy] 31/5/2017 15:58

Beg,
Seems like you lost the argument when pointing out spelling and name calling....
What do you think you are trying to achieve moaning on this board every day ?
I don't get it. life is too short. move on or you will let it eat you up and before you know it, life is gone.
if you are long, then you want it to go up as much as me, but whinging every day is not going to change that.

[begorrah88] 31/5/2017 14:55

You've omitted to point out that 'the poor sap' was also 100% correct there whereas you weren't?

Will TD be facing the same fate as KH a year down the road?

Why did you leave that bit off BigSi2?

Why did you failed rampers from BLVN who used to blow smoke up Harts backside, move from there to here to do your ramping?

Just curious and yes, you are quite right - tiresome

[bigsi2] 31/5/2017 14:49

The poor sap did the same on BLVN BB- Filtered now as it grew rather tiresome.

[begorrah88] 31/5/2017 14:42

POO May 31st 2016 53p today 50.75p - down 4.25%
PMO May 31st 2016 72p today 58.5p - down 18.75%


It ain't POO that is the problem here

[begorrah88] 31/5/2017 14:26

eastender - Sort your spell check out before handing out advice soft lad.

Manics - no, I didn't attend the AGM but did submit my vote as I will again now.

You are quite right that there are channels and I am pursuing those as well as having my say here.

[manics] 31/5/2017 14:02

beg: whinge away! -You own the business and have a voice BUT did you vote through the AGM mechanic? If not....

[eastender boy] 31/5/2017 14:01

Beg, seems like you made a mistake in buying these. so sell up and move on and stop whinging like a baby every bloody day.

[begorrah88] 31/5/2017 13:54

As an example - since 1pm POO has gone up 20 cents and PMO has gone down .75p bid price.

POO is just background noise. PMO is the problem.

[begorrah88] 31/5/2017 13:37

Leo

I am long and very, very frustrated.

My main reason for investing in PMO wasn't in the hope that Oil would do all the donkey work. Therefore the justification for PMO's continued poor performance and the constantly decreasing value of my tranche being POO, doesn't wash with me [it would have more relevance if PMO went up when POO rises but it doesn't as it has got itself as a default hedge against increasing POO].

I invested in PMO because there was great growth potential allied with expectation, driven by TD, of a quick resolution to the financing.

I was not given the true picture but the rosy, false one that TD wanted to portray of it all being virtually in the bag and, if his September interview was to be believed, resolved within a fortnight!

The big question for me is how much of the 'rosy picture' was an accidental,naive mistake from an experienced CEO & accountant, and how much of it wasn't so accidental & naive.

The shorters haven't encamped in PMO just on the off chance that things might get delayed over & over. They had reason to know/expect that the financing wasn't going to be resolved anytime soon.

Your comment about POO taking the others down as well does nothing for me as PMO should have been rising due to the operational side,potential and confirmation of progress on Catcher etc even in the face of $50 POO.

It isn't, because the whole financing issue has been mismanaged & miscommunicated.

Accidentally or deliberately is more the question

[leoneobull] 31/5/2017 11:03

Begs. If you are long i am as frustrated as you are. However, do you keep your eye on POO and O&G sector more broadly? PMO is range-bound....58-64p. Look at these heavily indebted players....POO down 1.74%

TLW 188.90
-1.97%
ENQ 35.54
-5.85%
PMO 59.81
-1.14%

[begorrah88] 31/5/2017 08:51

Leo - are you having a laugh?

What do you think has happened to the PMO share price over the last 3/4 months?

Bid can't hold 59.25p and it isn't even 9am

PMO falls on rising oil/falling oil/RNS/the latest 'we're getting it sorted' garbage about the finance/Trading updates

What makes you think anyone will be buying PMO when the know there are massive risks, a CEO who extends the timeframe with each new RNS and an open invitation to shorters?

[begorrah88] 31/5/2017 08:43

2 things I can be sure of:

1.There is no reason to be in PMO for the next 2 months as the risk is only to the downside. I know that PMO cannot release any positive financing updates that will impact on the share price until the financing is finished.

2.The shorters also all know the above

As we can see by todays start [will 59p hold]there is no rush to get hold of PMO shares but there is, and has been for 3 months, an eagerness to sell them.

No wonder no big institutions have come on board

POO when rising hardly nudges PMO forward, falling it takes it down so where would any good news come from between now and the next fantasy end date of end of July?

[leoneobull] 31/5/2017 08:41

Poo down 1.25% pmo down 2% if mkt was worried about refinancing we would have been pummelled https://m.investing.com/commodities/brent-oil

[leoneobull] 31/5/2017 08:38

Why don't we both call IR and ask questions then?Look at enq and tlw. All with debt have been underperforming. It is POO and not the refinancing worrying the mkt IMOV

[leoneobull] 31/5/2017 08:36

 refinancing update 25 April 2017 appears to refer to the majority in number issue. Note first part of rns relates to the corporate convertibles Premier today announces that holders representing more than 75% by value of its $245m convertible bonds have now entered into the lock up agreement committing them to vote in favour of the proposed refinancing on the terms of that lock up agreement. This is a sufficient majority to pass the required resolution to implement the amended terms of the convertible bonds.As previously notified, the amendments to the terms of the RCF, term loan, USPP and retail bonds (the Scheme Creditors) are proposed to be effected through a Scottish scheme of arrangement of each of Premier and Premier Oil UK Limited (the Schemes). The Schemes are a company led process overseen by the Scottish Court designed to enable companies to implement changes to their financing structure and documentation where the diversity of creditor groups means it may not otherwise be practical to do so. The documentation required to commence the Schemes is significantly advanced and Premier expects to launch the processes shortly. The Schemes require the approval of the majority in number and 75% in value of Scheme Creditors present and voting prior to final sanction by the Scottish Court. As previously announced, the requisite majority by value of the Scheme Creditors has already been achieved via lock up agreements, committing the locked up parties to vote in favour of the amended terms on the terms of the relevant lock up agreements.Documentation required for the shareholder approval process and to implement the proposed amendments to the terms of the Schuldschein notes (which all Schuldschein holders are already committed to approve on the terms of their lock up agreement) is also significantly advanced. These processes will be launched in parallel with the Schemes and the convertible bondholder amendment process.

[begorrah88] 31/5/2017 08:35

When it is appropriate Leo

That 24/7 positivity and ramping of yours has had no impact whatsoever has it? as well as being wrong that is.

I note your same approach at BLVN is still having the reverse impact as well.

At some point you need to compare what you've been told with what you haven't and why.

[leoneobull] 31/5/2017 08:29

Beg. Not like you to be relentlessly negative....

[begorrah88] 31/5/2017 08:11

....and there we go back into the 50's

Well done TD - earned your pay rise for shafting your own shareholders

[begorrah88] 31/5/2017 08:10

So it is just on hope that TD has assumed they will all roll over?

Extremely late in the process to be thinking about them and giving the shorters yet another doubt to exploit.

I am now clear on why PMO was battered to the floor and shorters continue to build. TD opened the door to them all and now they are up for squeezing every bit of life out of PMO. A very, very woolly finance deal with lots of ifs and buts, nothing like the confidence [misplaced] that TD has shown throughout this debacle.