Harbour Energy Share Discussion Threads

[moneybags] 04/7/2017 15:26

sold 100,000 at 15.16 ,just to hedge my bets, just in case this oil run ends(bought at 50.07p a few weeks back)
Still holding most of them though........

Regards , Moneybags

[tallrugbyguy] 04/7/2017 15:19

55p soon, come on oil up we go!

[crystball] 04/7/2017 09:08

I am concerned that BW Catcher is still sitting there in Singapore. I'll be more content when it finally starts its journey and even more content when it arrives safely in the North Sea.

[anony mous] 04/7/2017 08:45

In Dec we moved from 52p to 99p in less than 2 months.Repeat?

[begorrah88] 04/7/2017 08:18

All reads well but the share price is stuck at around 51p

Has missed out on about a $2 rise in POO and gone nowhere.

Same old problem, hype not believed by the city

[kmann] 04/7/2017 08:12

and this, but dont let the facts get in the way

Outlook

·


2017 production guidance maintained at 75 kboepd, before any contribution from Catcher

·


2017 opex and capex guidance of <$16/boe and US$390 million, respectively

·


Catcher on schedule for 2017 first oil; improved field production profile now anticipated

·


Greater Tolmount Area value significantly enhanced; offshore FEED commenced

·


High impact Zama exploration prospect in Mexico to spud in Q2 2017

·


Net cash flow positive at the forward curve in 2017; debt reduction accelerating once Catcher on-stream

[kmann] 04/7/2017 08:10

Fool, you forgot this bit (from results)

Record production of 71.4 kboepd, an increase of 24% on the prior year (2015: 57.6 kboepd)

High operating efficiency of 91%

E.ON's UK upstream portfolio outperforming; payback now anticipated in 2017 1H

Cost base reset; opex of $15.8/boe; Catcher capex reduced by 29%

START BUYING before it gets to 300p again!

[leoneobull] 04/7/2017 07:55

2018 - EPS 23p / share. LOvely jubbly

[leoneobull] 04/7/2017 07:54

When Premier Oil (LSE: PMO) released its half-year results for 2014 it reported net debt of $1.7bn (£1bn at the prevailing exchange rate), while its shares were trading at 335p, giving it a market cap of £1.8bn. With the price of oil above $100 a barrel and the company generating healthy profits, the debt didn’t appear unduly high.

Then came the great collapse in the oil price. Profits turned to losses. By the end of 2015, oil was heading towards $30 a barrel. Premier’s shares were heading towards 30p and its market cap to not much more than £150m. Meanwhile, net debt had risen to $2.2bn (£1.5bn at the prevailing exchange rate).

Within the space of 18 months, debt had become a huge problem, being 10 times the company’s market cap. Having reached agreement with its lending group during 2015 to modify its financial covenants, it had to seek further amendments in 2016. Finally, after protracted negotiations with its lenders, it agreed a refinancing deal.

New era
Today, Premier is on a more stable footing. And with the cost-cutting initiatives of the last two years, new production coming on tap and a partial recovery of the oil price (currently $49 a barrel), investors can look forward to a new era.

City analysts are forecasting a small profit this year, followed by a significant advance in 2018, with a consensus for earnings per share (EPS) of $0.30 (23p at current exchange rates). At a share price of 50p, the price-to-earnings (P/E) ratio is just 2.2. This suggests there is considerable upside potential for Premier’s shares and they look eminently buyable to me at their current level.

[paulbiya] 03/7/2017 20:04

Isn't It great that Marvin the troll has gone and only posts occasionally?!

[timothyjones2010] 03/7/2017 17:48

Investor relations just issue a fluffed up email blaming market conditions and we are doing our best. Catcher hasn't left yet, end of April it was mentioned in an article that catcher was going in a couple of months, still in dock. I think this is all about timing, there is a trading and operational update due out on the 13th July - imo I think catcher will go just before so they can mention it and bring up the refinancing due end of month as well. Albeit oil is on the rise so is the dollar, not by a lot but it's creeping up, so exchange rate will be blamed shortly for share price not rising

[begorrah88] 03/7/2017 16:45

Would have been a shocker of a day without the POO rise.

If you didn't laugh........

[nav_mike] 03/7/2017 16:35

Truly scandalous today - just by picking off the bid at certain key times, they have not only stopped any rise but also made sure the rising oil price has been all but ignored.

We close no higher than Thursday nights close, despite a rapidly motoring Brent price

[timothyjones2010] 03/7/2017 15:30

It does make you wonder what the motive for shorting is in what shield be a rising share price - if support is there why not let it blow

[nav_mike] 03/7/2017 15:05

They are sure working hard to try and stop this building up a head of steam. You have to wonder how deep their pockets are to keep shorting if oil is back on the rise, and the finance is less than 30 days from completion?

[kmann] 03/7/2017 14:07

Latent price action imo, brokers filling order to close shorts at the best price. Total manipulation

[begorrah88] 03/7/2017 12:51

Be careful though as the sorts are busy working this back down.

In context a good day so far but since the DMA boys started on it they've pulled it down from 53.5p bid to 51.25p bid

[kmann] 03/7/2017 12:15

Oil moving up again. I told you guys, don't wait for the confirmation to buy. DO IT!