Harbour Energy Share Discussion Threads

[montevid] 11/2/2019 12:38

Hi Mercer95, if it was easy to prove then the SFO would be in for the kill. As much as we would like to see that happen it is a difficult. I have posted previously here and elsewhere on this subject especially when the convertible bonds were being redeemed.

I suspect there is a new financing for new projects being negotiated and/or a potential buyer in the wings. But the fact this stock has the highest beta in the LSE 350, means the stock price can be manipulated without any underlying reason other than a shorter wishing to make profit, if they know how.

Have to ask yourself this question. Have all the PMO shareholders whose stock is being used for shorting actually consented to this activity or even know that their shares are being utilised in this way? Bearing in mind most stocks are held by nominees.

Thanks

[mercer95] 11/2/2019 12:19

Have you got any proof of this manipulation montevid, all seems a bit far fetched to me.

[montevid] 11/2/2019 10:50

GS is manipulating the PMO share price with its controlling CFD position of approx.6% as well as the shorters:


Shorter - Current Percentage - Effective Date

AHL PARTNERS LLP - 2% - 2019-02-06
WHITEBOX ADVISORS LLC - 1.11% - 2018-12-18

[the guardian] 11/2/2019 09:59

Only needs Brent to rise and we go back up. Let's hope we have a good week for oil.

[ammu12] 11/2/2019 09:11

Looking strong

[husted] 08/2/2019 16:43

fitton, he's not worth your time.

[fitton] 08/2/2019 16:24

See you Stan the man.Have a conversation with yourself.

[montyhedge] 08/2/2019 16:18

Just filter each other, it's easy to do.

[fitton] 08/2/2019 16:12

Stanley, I give up, I don't want any respect from you or anyone else, maybe just a little less agression and more friendly comment.Its not to much to ask is it?

[stansmith3] 08/2/2019 16:00

fireplacesome people of thinking crude is rolling over on its recent leg up so lightening up a bit, no more to it than that

[fireplace22] 08/2/2019 15:56

For most of yesterday, most secondary oil stocks fell along with PMO for seemingly no apparent reason and then came the 2.5% slide in brent towards the close, it was as if the sp's preempted the fall in crude, odd that.

[nav_mike] 08/2/2019 15:43

Well the intra-day chart is just a repeat of so many recently - constant downward pressure on the share price all through the day regardless of the oil price

Shorting activity seems to have quietened off since the turn of the year, but then again you only get to see the reported positions over 0.5%

Nothing seems to perk the price up, and even when PMO does rise its extremely half-hearted

Perhaps theres a perceived news void at the moment....Zama did nothing for the price, and theres not much on the horizon other than gradually paying down the debt

[stansmith3] 08/2/2019 15:39

you are comparing pmo to bp?really?

[fitton] 08/2/2019 15:09

I would also add current market cap of £560m.The company has paid down debt of about £30m since the start of the year.Rediculous price, takeover please.It never ceases to amaze me that there are companies out there looking to buy oil assets and one of the cheapest of them all is PMO.How much longer can it be ignored.

[fitton] 08/2/2019 14:59

The experts on this board can say what they like, there is no correlation with oil today.This is being played once again.I have read the usual comments on support levels but as far as I am concerned there is no justifiable reason why PMO should be back to 68p with oil at $62.