Harbour Energy Share Discussion Threads

[stansmith3] 11/3/2020 11:18

andylove this board more than enq nowthe group think / only interested in positive posts in amongst the best ive seenand these new attacks are because i brought to their attention a known former pump and dumper from the motley fool...you just cant stop these muppets separating themselves from their moneykudos to you for trying over the last six weeks

[stansmith3] 11/3/2020 11:13

i take it you mean the wa..er who is not down 75%?interesting way of describing someone who has been proved spectacularly right with enq and pmo?keep listening to adg and onedb1 if you musteventually you will join an evergrowing list of people who know that they are the wa..ers

[andypop1] 11/3/2020 11:09

The bonds are currently down another 21% today, the market appears to be pricing in the worst.
Good luck.

[adg] 11/3/2020 10:59

I read somewhere this morning that US is considering cutting production but have looked back and cannot see where i read it.

[onedb1] 11/3/2020 10:51

Plus I feel that the price war only needs to last a little to significantly bring down US production . What we want is for this bloody virus to F off , lower prices for 2 months and US producers who produced only to pay the interest on loans to call it a day on capex . Rate of Growth was falling and now actual production will fall . I think PMO has quite a bit of hedged production and Gas coming on stream soon ( Tolmount ) Super cheap oil is not sustainable

[onedb1] 11/3/2020 10:46

Don't let it get to you ADG . Be the better person . I have learnt a lot from my losses . Now I appreciate stop losses and capital preservation more . As a result of losses I went on to learn technical analysis professionally and inter market analysis . Which then led me to work with a portfolio manager and have a significant network . Errors I will make in future no doubts . Gap downs will hurt all but in general I feel that losses have perversely helped become better .

[hmgouda] 11/3/2020 10:44

We should take into consideration that Saudi has put part of Aramco share for sale and this means that they need money. If they keep the oil price low it means that they have to sell more and investors will think twice before investing in Saudi Oil and gas. Also it will affect their strategy to attract investment as investors will feel that they are vulnerable to politics. Therefore, I believe that Saudi will resolve this issue soon.

[hmgouda] 11/3/2020 10:40

We should take into consideration that Saudi has put part of Aramco share for sale and this means that they need money. If they keep the oil price low it means that they have to sell more and investors will think twice before investing in Saudi Oil and gas. Also it will affect the their strategy to attract investors as they will vulnerable to politics. Therefore, I believe that Saudi will resolve this issue soon.

[heialex1] 11/3/2020 10:34

I like the optimism, but I think oil sub 30 is more likely than over 40 in the next few weeks. I think the Saudis and Russians both mean business and can sustain more pain then people are assuming

[hmgouda] 11/3/2020 10:21

I have to add that I actually believe that this is the right time to buy as i hope that we are at the bottom now.

[hmgouda] 11/3/2020 10:18

I am personally optimistic that this will go back to 65 pence sooner rather than latter. Oil prices will move up to 40's in matter of weeks. Then it will be in this level till end of this year. Next year it will move up again to 60's. Therefore, don't worry much it is going up soon.

[heialex1] 11/3/2020 10:05

So this is the question for ENQ, PMO and TLW and their investors. If they can survive (without a debt for equity swap) what I think will be a long and painful period of low oil prices (2 years?) then, as in 2014/2016, this will look like a great long term purchase. If not then the equity is worthless.Personally I think they will survive

[emilio] 11/3/2020 08:12

adg. Why you don't filter the wa..er ? he's on my filter since he arrived here !

[adg] 11/3/2020 08:04

stan the male/man stalker (very strange sad person)
What do you actually add to this bb?
What do you actually add to anything - sad sick pathetic little person
You got off (for first time in a decade probably) on seeing a lot of decent people lose money (as a result of 2 events you nor any other doomsayer could ever have predicted)
Go crawl back into your little sad pathetic hole and leave your gloating to your own sad pathetic lonely empty unhappy friendless world - people like you don't deserve anything
I despise people like you as do most of society - do us a favour and Foxtrot Oscar, leave us alone you wont be missed

[leoneobull] 11/3/2020 06:53

https://www.thetimes.co.uk/edition/business/premier-may-be-out-of-its-league-752x0wp0cWhat a load of bull. Premier is doing well operationally and generated big FCF. The HK bunch couldn't even follow regulatory declaration requirements with their shorts, which was illegal!

[pro_s2009] 11/3/2020 02:57

Watch the blue arrowheads on the LH side.




We are now at the first blue arrowhead.

[pro_s2009] 11/3/2020 02:56

Update on the joint PMO/88E Charlie-1 well from 88E today.




Given that we have some relative times to work with now, next Operations Update probably Monday 16th March stating casing cemented in place, BOP installed and drilling ahead into Indigo and Charlie secondary targets.

They are a few days slower than I anticipated but this is drilling, sometimes its quicker and sometimes its slower - many variables at play.

So Monday 16th possible next update - depends how regular they want to keep us informed - I like as much as possible..

Else if no update on drilling ahead early next week - should be into Indigo/Charlie late next week, so potential for news end of next week or Monday 23rd March on Indigo and Charlie secondary targets.A279;

We will get a good feel for how regular the updates will be if they do update Monday 16th or Tuesday 17th.

[andypop1] 10/3/2020 23:15

Marky,
With all due respect.big Tone is ultimately responsible for this company, the share price has been hit a lot harder than the other dogs because, at present, the company's only lifeline is a $500 cash for equity raise, that was bad enough at close to a quid but at these levels it is not going to happen.
The previous restructuring was not robust enough and has left the company with no wriggle room, the creditors told big Tone what he had to offer them, that included warrants and hefty fees. EnQuest put the provision in to extend debt maturities but big Tone just signed off what the creditors asked for.
Why do you think this is the most shorted company in the UK?
Have you ever witnessed a price monitoring extension at the close of a FTSE 250 listed company?
You like many others have been promoting this while big Tone has done you over.

I thought my previous post was a positive one, lol, what do I know?
Right back to deramping!
Good luck.

[markymar] 10/3/2020 22:48

Big Tone has made a massive mess...I don't think so Andy but I do believe that with the double crises outside PMO control that the goal posts have moved but big Tone will adjust his plan and certain things will be put on back burner and steer PMO through this turbulent times.In the mean time we have news very soon on charlie 1 as I have very high Hope's on this as 4 of the 7 targets are appraisal with potential of 1.6 billion also everything else is on targetOil hedged also gas price up.... also oil back up today 8 %

[andypop1] 10/3/2020 22:21

Rather than a full cash for equity raise would the creditors be willing to accept a part equity funded acquisition coupled with a vendor loan from BP similar to the EnQuest deal?
I appreciate it would mean starting the whole process from scratch but with the commodity prices where they are the company could not raise $500m+ from equity alone, if the acquisition doesn't happen the creditors could be dealing with the administrator in six months because the company is not in a position to cover the planned Capex this year let alone put aside $2b to pay the debt that is due next year at current oil and gas prices.
The assets are ageing, likely loss making at these prices and come with hefty decommissioning liabilities but all stakeholders are currently up the creek without a paddle, without a compromise there will be no winners.
The creditors no doubt wanted a fully funded acquisition giving them security over the assets, thus offering a little protection, with all revenue going to the business, a vendor loan won't give that security and a good proportion of any FCF will go to BP to pay down the loan and no doubt BP would want last year's revenues.
Big Tone has created a mess, he thinks he is running a major!

[andypop1] 10/3/2020 21:29

One (dB),
You wrote:
“They have started to reduce a little . From a risk perspective they got their dream short close yesterday for sure . Will see tonight if Short has reduced more”

“They” have not started to reduce, their percentage has dropped but only because the company has more shares in issue, fact.
Surely their risk perspective went up yesterday with the bonds, bonds they own, dropping an unheard of 20%+ in a day and a further 6.5% today?
Their short didn't reduce but instead Whitebox’s increased by 0.42%.