Harbour Energy Share Discussion Threads

[wantmorethan24p] 23/2/2017 13:43

brent gonna be toucjhing 57 soon.

[wantmorethan24p] 23/2/2017 13:41

brent up and this down..

am confused whats going wrong.

[marvin9] 23/2/2017 13:09

Electro, your right,, lets talk about PMO and what might be achieved, and not obvious mis-management issues.

[theelectrolyte] 23/2/2017 13:04

Crystalball - with free c/flow (after Capex, 2017 $350MM Capex) above $50p/b even the $55 level is good for PMO.

$20 per barrel OPEX for Catcher with net to PMO 25kbbls/d - will rapidly start to see the debt paid down.

[marvin9] 23/2/2017 12:55

That's assuming 'BOOM' the oil price holds does it not?

[theelectrolyte] 23/2/2017 12:53

I sat through both dives to the 50p area - all you got on forums was "bank pulling plug", "PMO bust", "do something Tony" most along with proclamations that they've sold. Fact - if you only sell when you get to your psychological breaking point, you're doing it very very wrong!

Then boom - up to a quid in a couple of months.

[crystball] 23/2/2017 12:46

I agree with you theelectrolyte. With a stable oil price and just a matter of time before these shorting shenanigans cease, there is a buying opportunity here for the brave. PMO is not going bust anytime soon, not as long as there is a reasonable prospect of a higher oil price going forward and no unforeseen delays with Catcher. Catcher is being done in a different way to Solan and lessons will have been learned.

[patience a virtue] 23/2/2017 12:45

Look forward to the day when Marvin gets so fed up and sells out, it's getting close.

[theelectrolyte] 23/2/2017 12:25

hxxp://3.bp.blogspot.com/_As93WdU280E/TVHrb6LEnVI/AAAAAAAAAUY/cHVl49eKj38/s1600/market_cycles_humanreaction.jpg

The more despair I read the happier I am. I say this as a holder already and not someone looking to buy.

Despair + volume + desperate trolls posting loads of messages = opportunity. Sadly it's when most PIs sell in despair only to watch it rise and wonder why they never make money in the "crooked" stock market.

[deanroberthunt] 23/2/2017 12:20

reckon it could bounce off the 200 ?

[theelectrolyte] 23/2/2017 12:14

Look at the volume - 5.5million already. Essential to form the bottom.

Still above the 200MA - ever heard of a slingshot move?

[deanroberthunt] 23/2/2017 12:12

Lucien Miers will be pleased, probably got the nod, wink.

[theelectrolyte] 23/2/2017 12:07

Sounds like the despair part of the curve is being hit - oh goodie. It took 50p for that last time.

[begorrah88] 23/2/2017 12:02

I think a lot of punters have had enough of this continual walk down and are calling it a day and walking away. The reward isn't worth the risk in many peoples eyes.

It would now need to rise 35% to just be back to where it was in January and it would have to be some massive catalyst to cause that to happen.

[marvin9] 23/2/2017 12:01

Juts a thought,, could the lender back out of the deal now the share price has crashed and burned and more some???

Could they come back and say... stuff that last deal, now the share price has crashed we want a cheaper better deal?

[theelectrolyte] 23/2/2017 11:59

hxxp://cbonds.com/emissions/issue/105019

Maturity expected to be realigned along with the rest of the debt.

[theelectrolyte] 23/2/2017 11:57

They are within the headline debt figures.

$245MM - lower coupon than the retail bonds. Can be converted to stock at maturity. PMO has option redeem to redeem at par if the share price appreciates (existing terms were if share price was 30% above strike price).

[deanroberthunt] 23/2/2017 11:53

just an open ended opportunity to short the stock to wherever they want

[pineside] 23/2/2017 11:51

I'm a bit out of the loop here now and very surprised to see the price back at these levels. Was thinking of buying back in the refinance deal didn't look amazing but seemed to be a safe bet, it could have been worse.What is all this about convertible bonds? I haven't been able to find any details of those?

[bakedbean57] 23/2/2017 11:47

Because I don't want to give scum my money!

[deanroberthunt] 23/2/2017 11:44

so why fight it....

[marvin9] 23/2/2017 11:39

Tin hat..... its raining bullets ...... and from our own Directors