Harbour Energy Share Discussion Threads

[undervaluedassets] 22/2/2021 11:07

StanS: "Ooh! Ooh! I say, that hurts rather a lot."

[markymar] 22/2/2021 10:40

I keep seeing 100,000 trenches been bought which is a very good sign

[patience a virtue] 22/2/2021 10:39

Creditors meeting today and in a month time pmo will become Harbour.
It is tiring to hear the constant scaremongering from the resident preacher. The 3 billion shares to be issued to the creditors have been known to the market for some time and pmo share price has stayed way above the 8.5p. With oil at $60s the key here is the future market cap of Harbour which will determine the value of the 5% for the current pmo holders.

[csmwssk12hu] 22/2/2021 10:25

Where’s the Laurel and hardy show now pmsl

[undervaluedassets] 22/2/2021 10:16

This share has put on 38% since low on 28/01

Makes sense. Nice cheap way into a new major Oil player.

lots more to come.

[csmwssk12hu] 22/2/2021 09:16

Pmo up again this morning oil up again, thought for today CTEA at recent low, mm playing with price, has been over 7p twice, over 6p and over 5p closes plus intraday highs above 4p in the last 12 months with buying normally starting around current 2p, I’m in for a flutter imho dyor

[csmwssk12hu] 22/2/2021 00:19

Oil starts the week heading higher again, Pmo continues to outperform the ftse100, stock futures higher, sooner or later the crypto bubble will burst then lots of money will head back into the stock market imho dyor

[andypop1] 21/2/2021 23:33

Csm,
The Brent contract has rolled over and is currently close to 1% down on Friday's close, is that what you meant by backwardation?

[andypop1] 21/2/2021 22:45

Marky,
You would think so but when the final potential pitfall was successfully negotiated on the 12th of January HE was born, back then the share price was 22.11p with oil @ $56.
Good luck.

[markymar] 21/2/2021 22:27

Good post Andy but the oil price changes things per dollar a company as big as Harbour

[andypop1] 21/2/2021 22:01

Surf,
I don't consider you a fool because you do question aspects of your investment.
None of us know what impact the creditor shares will have on the share price but it is a clear and present risk.
The creditors will want to maximise their return so won't set out to deliberately crash the price, if you look back to the VWAP period before the last chaotic refinancing you will see the lenders controlled the price to ensure the conversion price was within a penny of the lowest price available to them.
When they were given the incentive to convert they managed to propel the price to a recent high, so who knows what will happen this time but we are looking at a lot more creditor shares compared to the convertibles come the end of March.

Adg,
I believe a share consolidation will happen but that would be a relatively neutral event so far as the creditor shares are concerned, yes there will be a lot less to offload but they would have the same monetary value and more importantly they would be the same percentage of the shares in issue.
If the ratio is high enough it would take HE out of the psychological penny share zone other than that no real change.

Good luck.

[csmwssk12hu] 21/2/2021 20:01

Analysts at Goldman Sachs have named oil stocks it says are set to rally by as much as 54% this year, as the transport market recovers and they start to generate cash returns for investors.
The investment bank expects a “strong” recovery for the sector in the second half of 2021, after oil and gas plunged in 2020 due to a dramatic fall in demand during the coronavirus pandemic.
“As we look farther into 2021, we believe that the combination of oil price recovery, improving downstream margins and cost-cutting will trigger the beginning of a positive earnings revision cycle for the European integrated majors,” Goldman’s analysts led by Michele Della Vigna wrote in a note published this week.

[adg] 21/2/2021 12:10

The 3.3 billion shares it’s just a scary number - I assume they will be consolidated along with all other shares at approx 18:1 yes/no?
So if I understand that correctly (I am not saying I am right btw) they will become circa 165m shares of the the new HE company?

PS Stanley, being factual you are actually probably the second most vulgar person to have posted on this board after that cretin bigbrother

[surfit] 21/2/2021 11:33

I consider two example drop senarios:
Note: Only because my attitude is plan for the worst, hope for the best.
Not based on any financial assessment of asset value I might add.

A drop to 15p before and just post merger. I think holders (small) would not be too phased, and might consider it a buying opportunity.

A drop to 8p, those holder would be worried and regret not selling as they could have reentered at this price. I just do not see the company being valued on the whole I.e. assets, debt clarity and PoO,ability to hedge oil and gas production at that value?
Again maybe the numbers support such a fall...but...8p, 10p or even 13p....for such a sized company?
Again, not based on calculations, so maybe the market relies on fools such as I.
Kind rgds Sft

[surfit] 21/2/2021 10:18

Hi AndyP, its a good question and a concern that you have been correctly alerting us smaller PMO holders to.
My thoughts are would the creditors be offering those shares up for sale/purchase immediately (those that can of course i.e. not held under a limited timescale of hold) or wait until the market (or HE's) position was in the FTSE 250?
I am guessing its a numbers game again I.e. if the share price drop below the creditors acceptance "value" they hold until there is entry and more buyers. If it does drop below this and trackers will or be "possibley" be known to enter later, could this trigger a get in early scenarios?

I am not discounting the usual oil company investment considerations: PoO, expected economic growth (more so India/Asia) demand, renewable investment covid, industry underinvestment,shale growth/decline/plateau etc etc the list is large.

Its a lot of shares, but with debt stability would the company then be assessed only on the above i.e. business as usual for all the previous and the new oil factors?
And of course the question boils down to current share price correctly assessed now or fall off a cliffs. I think most LTH would accept a small retrenchment in the expectation of growth?
Best Rgds Sft

[andypop1] 20/2/2021 23:04

On Monday the creditors will rubber stamp the substantial dilution leaving the courts no choice but to agree to the debt restructuring meaning upto 3.3 billion 8.5p creditor shares hitting the market at the end of March.
The company has confirmed HE will not be considered for promotion to the ftse 250 until September at the earliest so tracker funds won't be interested until August at best and let's face it PMO's brief inclusion in the 250 recently didn't have any measurable impact on the share price.
So that begs the question who will be buying the 3.3 billion shares that the creditors will be offloading to complete their exit from a rescued insolvent business?
Answers on a postcard please.
Good luck.

[stansmith3] 20/2/2021 11:34

spoke to soon, the trolls led by marky are making an early start...

[markymar] 20/2/2021 09:07

Andy you get a few drinks in you and turn in to a complete arsrhole with that other clown

[andypop1] 19/2/2021 23:28

Stanley,
The special one is in hiding so far as PMO is concerned but will no doubt come back when the share consolidation happens claiming his 35p buy is now worth a quid.
Csm is back to around break even so needs to ramp up his promotion, unless of course he sold out for 2.5% less costs??????
Young marky is inexperienced so his stupidity should be excused, whether his inexperience can excuse him for posting false and misleading information regarding the Zama sale and Charlie one is still up for debate.
Despite your ongoing battle with the watch collector adg I have to say he has accepted this won't turn him from a millionaire into a multimillionaire so has adjusted his posting accordingly of late.
We've not heard from Emily or whites for a while?
Enjoy your weekend and good luck.

[stansmith3] 19/2/2021 21:05

lolyes i do and checked..very goodwell no freak out from csm, no vulgarity from adg, no idiocy from marky and thank the gods no TA from the deuchebag, so a quiet day...mind you still time

[andypop1] 19/2/2021 20:35

Stanley,
I think I must have accidentally filtered everyone given the amount of posts on here today.
If you get BBC1 in Scotland it's all about us!
Good luck.

[stansmith3] 19/2/2021 18:16

andythe board is so much more bearable if you filter posters, csm was funny for a while, but he had to join the list with adg, marky, patience and onedb1i can honestly say none of them bring anything to the board

[andypop1] 19/2/2021 18:04

Steve,
Thanks, it was a genuine question.
Good luck.

[steve73] 19/2/2021 07:03

andy.. if it was a genuine Q then yes, you just get (filtered) against their post, but only when you next update that page (or open another)..

Try it by clicking the ">" in the circle next to the poster's name. The filter is in the drop-down menu. Same to turn them back on again.

Also, here are two opposing reports about the oil price..





Take you pick, but I'm staying out of oil, and firmly in the crypto space at the present time.