Harbour Energy Share Discussion Threads

[johnrxx99] 13/5/2020 08:06

Couldn't expect more. May buy a few more if it dives too far.

[boatman123] 13/5/2020 07:58

I'm happy enough with that , there holding there own , debt has fallen slightly , can't really ask for more right now , rising oil prices for the rest of the year will bolster finances , plenty other larger oil companies with worse results

[sbb1x] 13/5/2020 07:57

Yes but very important.

[rose_by_another_name] 13/5/2020 07:57

The hedging is old news. 30% includes gas. Oil on
its own is hedged 50% of Q2 production at $64/bbl.

[datait] 13/5/2020 07:52

No wonder it fell 6% at the end of the day yesterday them in the know.

[sbb1x] 13/5/2020 07:49

Only 30% hedged is a big worry people, you can all see that ?

[american idiot] 13/5/2020 07:48

What a horrible update.

Pumping just to service their debts...

Reduced production guidance...

Tolmount pushed back...

Nothing at all positive in there and I fear the share price is gonna get hammered today.

[sbb1x] 13/5/2020 07:39

Get back into tlw mate.

[sbb1x] 13/5/2020 07:29

Guidance lowered.Cash 15p a share.Chatham and Dover?

[tidy 2] 13/5/2020 07:10

Nice update.

[buywell3] 13/5/2020 00:19

USA wobbling

Next leg down could be underway due to next Covid wave beginning

15p retest again ?

IMO dyor

[andypop1] 13/5/2020 00:11

A big day tomorrow for those who believe, big Tone claimed in his unregulated interview break even will be down to $30 Brent including all hedges and the previous sales receipts received.
Let's see where the axe falls.
Debt covenants?
Will the company pre-warn the market of the pending breach in June?
Has a date been set for the appeal?
If it has, will that give the company time to get shareholder approval and complete the acquisitions before the agreement expires?
Are the company renegotiating the sale and purchase agreement?
If so, will the effective date change whereby BP keeps the positive cash flow from last year that PMO have apparently “banked” in last year's results?
Who takes on the negative cash flow from this year?
Then we have the net debt, this will be interesting to give an indication of how much cash they are burning, the update will be to the end of April so includes the relatively high oil prices of January and February and of course the hedges that targeted H1, possibly loaded to target Q1, just my opinion.
Will this debt likely become a current liability?
If it does at the end of June then the business is in trouble.

Good luck all, odd close today?

[sbb1x] 12/5/2020 23:04

Dow jones not been living in the real world last few weeks!finally tanking futures down 650 points!

[sbb1x] 12/5/2020 23:02

All down to pie and mash in the bank mate.Working for bond holders and banks at the moment

[sbb1x] 12/5/2020 23:01

Crude +7.6mm (+4.3mm exp)Cushing -2.216mm (-1.00mm exp)Gasoline -1.911mmDistillates +4.712mm

[andypop1] 12/5/2020 22:19

Master,
You do post some nonsense, I know there is next to no storage left but filling the bowl?
On the bright side you are probably pleased the imaginary force that you encouraged fellow posters to report to the FCA has now let this move from 30p, wasn't that your support?
So when is the 50p you promised coming?

Sbb,
You are no better, “not looking good here”, can you elaborate on that?

[sbb1x] 12/5/2020 16:29

Not looking good here.Could loose pmo and enq

[hoper2] 12/5/2020 15:52

20,000 bought at 28.13p. Fingers crossed for tomorrow.

[master rsi] 12/5/2020 11:58

Brent OIl
The Bowl is being filled on the other side now

24 hours chart