Harbour Energy Share Discussion Threads

[leoneobull] 05/4/2017 17:46

Rogk. So sorry the short got squeezed today

[ua36] 05/4/2017 10:59

Steve - in the full year results conference call Durrant mentioned, when questioned on the CBH deal by an analyst, that the senior debt holders weren't aligned with the CBH being paid off before their debt was. Hence their maturity now being beyond the RCF portion of debt.

Buyers at this level of course aren't going to see any CBH related dilution as no CBHs would convert at these prices. Other potential dilution - I still think no but the share price performance does make me have some doubts (maybe that's the point of course!).

[forwood] 05/4/2017 10:27

Talking his book?

A $40.7m surplus to carrying value is a very good deal!

[bakedbean57] 05/4/2017 09:42

Would love rogk just to state fact instead of trivial self unanswered questions fancy actually contributing something?

[steve73] 05/4/2017 08:43

They probably have enough debt headroom to pay off the CBH's - but they'd obviously need all the debt-holders agreement for that... and it would make things a little tight if there are any late problems or delays with Kraken. TBH, I'd be very surprised if they didn't consider this as a preference to "giving away" almost 1/2 of the company to the CBH's.

[adg] 05/4/2017 08:41

rogk
it wasn't elizabeth

[bigsi2] 05/4/2017 07:59

Brent $54.5

[steve73] 05/4/2017 07:52

thanks ua....

[adg] 05/4/2017 07:47

Talk to PMO rogk
I did some weeks ago - you may be surprised who you get on the end of the line..... for quite a while too

[ua36] 05/4/2017 07:37

No more waivers was mentioned in the lock-up RNS.

Given the asset buyer gets the YTD 2017 revenues too, the deal doesn't appear all that valuable to Premier really. Clearly just wanted it gone.

[leoneobull] 05/4/2017 07:33

Rogk # Andy p

[adg] 05/4/2017 07:31

Blooody hell roguk
Must be a bundle of laughs at your house , you are so bloody negative it's laughable...

[steve73] 05/4/2017 07:25

That RNS reminds me, I don't recall us getting a confirmation of covenant waiver last month..... or did one of the refinancing RNS's specifically state that further waivers would not be required....?

[forwood] 05/4/2017 03:34

Old news - and everyone has moved on. Shorts trying to manage the price so they can exit before agreement is announced. One day very soon this is going to shoot up 12-15% in a session.