Harbour Energy Share Discussion Threads

[badger60] 02/11/2017 10:27

Where's Marge?????waiting?????????????

[badger60] 02/11/2017 10:24

I see that the 3rd rate bb shorter stock fluffers are struggling to come up with explanations as to why the share price keeps moving forward, despite all their flacid tales of woe to the contrary.Having 140mio shares out on loan (shorts) in a company which efficiently produces 80k+ bbod, and up to another 30k when Catcher is on stream in a strong rising oil px environment, is complete madness!.In a year to 18 months PMO could quite easily have a mkt cap x10 where it is today.......

[deanroberthunt] 02/11/2017 10:06

there's no if, it's just a matter of time and patience...

[deanroberthunt] 02/11/2017 10:04

it will double soon, and then 10-20 bag, set your bar higher imvho

[adg] 02/11/2017 10:03

If pmo double from here I could and probably will retire in relative comfort (I’ve just turned 50)
If they don’t or if you get crash and burn I will just have to wait a bit longer 😁

[deanroberthunt] 02/11/2017 10:01

ganning up...pip pip

[begorrah88] 02/11/2017 09:40

They will have done but the markets are supposedly forward looking so it is more about the sustainability of higher oil ongoing.

The hedges for 2018 may be considered 'short term' in the overall oil picture

[adg] 02/11/2017 09:31

They have hedged a fair bit of production for 2018 though haven’t they?

[deanroberthunt] 02/11/2017 09:20

it's beautiful

[deanroberthunt] 02/11/2017 09:20

we have $3bn of tax savings

[deanroberthunt] 02/11/2017 09:19

anyway
debts sorted
netback is $45
production is going up
supply is falling
demand is increasing

[s34icknote] 02/11/2017 09:19

Basic 100000 barrels x 10 dollars = 1 million dollars a day x 365 days a year = 365 million There are no extra overheads in getting a higher price for your barrel if oil !!! Obviously ignoring tax but think we have aggregated losses to if set ?All rough and basic . Roll on 70 dollar oil price !But any thing above 60 is great !Sicknote

[deanroberthunt] 02/11/2017 09:18

I get a tad more, around $380m pa fcf

[deanroberthunt] 02/11/2017 09:17

105,000 * 365 * $10 =

[deanroberthunt] 02/11/2017 09:16

netback is $45/barrel after Catcher, assuming 105,000 bopd ~ after Catcher

do the math

[deanroberthunt] 02/11/2017 09:14

this is like picking up Ashtead at 27p at the worst of the worst of the credit crunch, then sitting back smoking a cigar and watching her fly to 1600p+ a share

[prewar] 02/11/2017 09:12

Thanks sicknote, how do you get addnl $10 equates to addnl $326m addnl FCF?

[s34icknote] 02/11/2017 08:43

It's all about free cashflow folks to pay down debt to a manageable level Say 1.5 bn and debt no longer an isssue . Company then valued in fundamentals .Every 10 dollars will add another 326 million dollars so 70 dollars oil price would send this quickly to orbit .That's my thoughts !!!N a I d y I r And go with your gut instinct !Sicknote

[deanroberthunt] 02/11/2017 08:34

a $ or 2 at these levels swing is irrelevant, cos she's still doing $500-600m fcf pa after catcher

[deanroberthunt] 02/11/2017 08:31

tide has turned, she didn't want to go down....buyers in charge now

[steve73] 02/11/2017 04:15

I see we have a new shorter joined the party... Highbridge Capital Management, just disclosed at 0.51% (so they've probably only added a few short positions to go over the 0.5% limit).

I'm having problems reconciling the warrant RNS from yesterday...
Warrants converted last month was 177,148 (ie. 414,496 less that reported the previous month).
Cashless conversions were 2,193,395 (ie. 13,277,465 less those from previous)

New shares last month was 918,794 (i.e. 4,193,582 less last months), and since we know that just 177,148 were from warrants, the remaining 741,646 must have been for the cashless conversions.

This allows us to calculate the average cashless conversion price - 65.59p, which looks to be about right. (Compares to 61.61 for the previous month.)

The reconciling problem I see is that the total shareholding declared in this RNS is 14,036 higher than the previous declaration in the previous month plus all notified additional shares (ie. 1,202 Director shares on 3-Oct, and 1,710,788 shares issued to cover the CB interest shares on 26-Oct).

It appears that these shares have been issued for some reason without us being notified... perhaps for some employee pension or benefit, etc, but I'd have thought that it would be necessary to inform us....or maybe that someone in PMO can't do their sums..?

Is anyone else keeping a close eye on warrant conversion and could comment? (or correct me if I'm wrong)

I know 14,036 shares isn't a huge number in the grand scheme of things... but if they're issuing extra shares for some purpose, then I'd certainly like to know about it (or preferably be receiving them..).

[chutes01] 02/11/2017 01:39

shorts giving up now, 716k @ 71.5p
ouch ...
news coming