Harbour Energy Share Discussion Threads

[jelenko] 27/10/2018 15:05

Yes, so value the rest as debt free at around £1.75 and add back debt reduction at 30p per share per year and the share price should be around £2.05 at year end? Nothing in there for Zama or Tolmount and used p.e. of 5. so room to grow, plenty of room. looks like buying at £1 should provide a good I.R.R and Long term return.

The price of oil is the biggy of course, on the front we can only believe that OPEC needs at least $75. I'm happy with that.

[steve73] 27/10/2018 13:58

jele... which is roughly about the same as our debt (per share)...

[jelenko] 27/10/2018 13:28

Look, Catcher as a stand alone project would be worth around 190p to PMO.

[onedb1] 27/10/2018 10:03

Nice job !! I think they will bounce too . In fact I wouldn't be surprised if we saw a rise back to the highs in the coming weeks end of year . Just the 400m to 800m potential in ZAMA can be an enormous game changer .

[jelenko] 27/10/2018 09:57

Strange it's the same amount, I bet they are in cahoots with each other.

[nav_mike] 26/10/2018 20:30

Looks like AHL Partners LLP are the real driving force (scumbags) behind the attack on the share price

They added another .13% (approx 1.1m shares) in last two days making their total position around 7.7m shares

Marshall Wace on the other hand may be starting to close out as their position reduced by the same amount .13%

We can but hope that a sharp upward spike in PMO takes away a big chunk of their gains

[eentweedrie] 26/10/2018 17:30

i got some just below £1 this morning. should be a bit of a bounce on monday imo

[onedb1] 26/10/2018 16:28

Well passed $77 !! Enjoy the weekend . My new long at 100.8 stays

[onedb1] 26/10/2018 16:08

Brent testing $77 ( cash contract ) I think it's fair to say that current valuation is just all about overall sentiment. Not PMO or Enq , or Tullow or the U.K. energy plays , Q3 Op Update is better than Q2 ( they will be across the board ) and Q1 yet we are priced just like it and this Q4 is also better so far than Q3 !!

[jelenko] 26/10/2018 16:07

It looks like PMO and POO have hit or have been close to a Fibonacci retrace level.
Let's hope next week improves. Looks like we will be on a very low PE at year end.
Not sure how 800m market cap will sit with close to 2b in revenues.

[onedb1] 26/10/2018 15:55

And Brent is now turning positive for the day . I agree our multiples are no way near US ones yet people sell . Weird that on a very over sold chart ( using a simple RSI ) in low 20s .. on monthly support we don't get buyers flooding in . Has me baffled but did anticipate a choppy period . Though for UK energy stocks the beating has been truly out of proportion .

[onedb1] 26/10/2018 13:05

After all Barclays target was 180 I think and RBC 230 . They are the fundamentals chaps unlike me . Targets that are very far now and provide tremendous upside

[onedb1] 26/10/2018 13:03

Whilst price and psychology are all weird at the moment . One can't deny that revenue growth is occurring . We also have h1 2019 hedging moving up to $66 . Decent improvement. ZAMA is the big ticket though . Can't wait to see it all kick off

[marunam2] 26/10/2018 11:37

POO may lose a few $ more in the run up to Tuesday and wednesday , so more pain may be on the way.

Still POO above $75 and a market wide sell off, espescially in the sector continues.

Agree Enquest way below I thought it would go, could still go lower in the next few days as well.

Not touching the buy button till next week on anything, no support in the sector at the moment.

Iran sanctions also due and seems that the market is not worried about any shortfalls, OPEC playing the "Groper in Chiefs" game to stop any threats of sanctions etc.
Once that settles taps will be start turning off, no way opec can afford to keep prices lower than $70, Shale will be flowing freely next year as the pipeline constictions end and Opec would surely want oil stocks at a much lower level than they are.

Good volatility for traders though.

[fitton] 26/10/2018 11:12

Not the best couple of weeks I've had.Market cap at the begining of Oct touched £1.2b
today £807m.A correction of £391m.I've taken to spreads and cfd's at this level.

[onedb1] 26/10/2018 10:52

But a great opportunity so not complaining too much . Just didn't expect this low . Across the whole sector too . Enquest is priced at a silly level now

[onedb1] 26/10/2018 10:50

All so over cooked . Jan 2018 100p Nov 2018 99p . Yet ever since we have build in Q3 with near $76 average as is q4 ( in fact so far it's way higher ) Operations at 86k barrels a day. ZAMA coming up next and debt reduction . All to weird for me . Hedging should also be moving up , went from $60 to $62 in H2 and need to look for 2019 in the presentation . So when oil moves up or down in reality we only care for about 60% of our production .

[nav_mike] 26/10/2018 10:40

markymar

Sounds like they got your shares direct off the SETS book rather than as an O trade. The multiple trades were probably them grabbing orders up to the total of your order

No idea why, and I could be totally wrong :)

[marmar80] 26/10/2018 10:35

Oil down less than 1% only

[markymar] 26/10/2018 09:56

Not sure,I couldn't see trade go through so checked phone as with IG and seven trades went through some as small as 665 to 3800Can't tell from phone if AT, never happen before as goes through as one trade usally

[chopyead] 26/10/2018 09:53

Corrupt market for sure; it does prove no matter how good a stock is performing the shorter's can crash and rise a stock at will, especially PMO without comment.

No matter how strong PMO is doing, simply follow the Bulls/Bear trends and buy/sell accordingly.

Hold tight all, the wind will change and fill the sails at some point, its how they make money.

[onedb1] 26/10/2018 09:53

My 102.5 spread bet was stopped at 103.4 I re bought them a min ago at 100.8 . They are now in my support area 99.5-101.8 . In May we had 76$ Brent and same levels in Jan same levels but $70 . Ever since we had nothing but net cash flow build . Q3 should have yielded a good build . Ops out 15th Nov I think