Harbour Energy Share Discussion Threads

[greco600] 10/3/2020 11:06

Oil price is going up

[hmgouda] 10/3/2020 08:05

Why it is not traded untill now

[p@] 10/3/2020 07:39

Short closing yesterday?

[pro_s2009] 10/3/2020 07:20

HUR has debt..........

From Sept 2019 - Hurricane Energy had liabilities of US$96.9m due within a year, and liabilities of US$431.7m falling due after that.

[leoneobull] 10/3/2020 07:19

Hur has no debt....and has fallen significantly

[pro_s2009] 10/3/2020 07:07

I am not short anything.

Buying PTAL and ECO yesterday.

Lovely RNS from PTAL this morning.




Thats how you do things. No debt...............

[kirk 6] 10/3/2020 06:57

Big gap up today

[leoneobull] 10/3/2020 06:55

Pro, you really shouldn't open shorts when Brent is up 8%

[leoneobull] 10/3/2020 06:48

Pro amateur. Pmo just announced their highest annual FCF generation ever....you really are clueless

[kirk 6] 10/3/2020 06:31

Markets surged overnight. Should see 20-25% gap back up this morning

[mister md] 10/3/2020 06:16

WTI Crude + 8%

[pro_s2009] 10/3/2020 05:53

Everything looking very BLUE today.......could be a strong bounce upwards coming......

[pro_s2009] 10/3/2020 05:39

I would imagine PMO will get shorted hard now, as debt holders push for a D4E to prevent an equity fund raise.

Going to be a wild ride. Much like TLW, the business is viable, the debt levels are increasingly not.

[shujja1] 09/3/2020 23:29

Net debt reduced to US$1.99 billion (2018: US$2.33 billion) and covenant leverage ratio to 2.3x (2018: 3.1x)

[andypop1] 09/3/2020 23:25

Virtue,
I hope you are right and let's hope the Coronavirus is held at bay until late spring.
Good luck all.

[shujja1] 09/3/2020 23:24

Anyone know how much was the production is hedged

[shujja1] 09/3/2020 23:24

Net debt reduced to US$1.99 billion (2018: US$2.33 billion) and covenant leverage ratio to 2.3x (2018: 3.1x)

[shujja1] 09/3/2020 23:21

The banks will have to renegotiate all oil contracts.
As I'm sure the lenders also have a lot of problems at the moment I'll stops are very risky better to watch before you buy did Drop pretend to be this morning that is a warning sign scary

[shujja1] 09/3/2020 23:19

It's a beautiful company with your prize down where it is I hope there's no equity for dept swap. We could lose 96% of the company very risky

[patience a virtue] 09/3/2020 23:16

Andy, it is not impossible that the Russians and the Saudis may come to an agreement in the next few weeks which will elevate the oil price back to above $50. Personally I cannot see this price war lasting very long as it is to no one’s benefit.

[andypop1] 09/3/2020 22:59

Lost,
They can but the saying out of the frying pan into the fire springs to mind.
If a full debt restructuring was feasible at circa $60 oil to simplify the debt and extend the maturities for say five years do you not think the company would have taken that course of action?
Instead they have had to take a short term view whereby they kick the can down the road two years, use shareholder’s cash (and others through the placing) to buy what were cash generating, ageing assets in the hope they can bring the debt down over the next three years to a level that can be restructured in a more conventional way, at the expense of future decommissioning liabilities.
ARCM have got a lot of stick on here but they are still the only major stakeholder who has the best interests of the shareholders at heart.
With the bonds down 20% today you can understand why they hedged the debt with their short.
Naive??? LOL.

On a lighter note, WTI is up 5%, a whopping $1.50.

[lostit] 09/3/2020 22:26

So can PMO walk away from the BP deal now claiming FM or some other Material Event? Must be a bit of legal time burning the candles tonight. Wish I had taken a small loss at £1.18. Shorters must be chuffed today

[cumnor] 09/3/2020 21:36

Suits Saudis, Putin and Trump-low oil prices for the year will wipe out shale, Iran, Nigeria, Norway etc leaving SA and Russia to reap the rewards for the next decade when EV use surges, and Trump gets re-elected on the back of rock bottom gasoline and the dow industrials fights back, helped by rock bottom energy prices. Nightmare scenario for small producers I'm afraid.