Harbour Energy Share Discussion Threads

[gary38] 03/11/2017 08:25

ChutesJust dont understand why you keep repeating the same post over and over .Seems a bit odd.

[american idiot] 03/11/2017 07:59

* Premier Oil Plc : Investec raises target price to 70p from 65p; rating hold *

[chutes01] 03/11/2017 07:02

Ref 32524
Why not, what interest is it to you
There will follow a d/g of fields limiting daily production to 12-15 K bbls/day mid 2019

30p this time next year
PMO may be near 200p at this point

[gary38] 03/11/2017 06:50

ChutesWhy do you keep repeating your post over on the Hurricane Energy board saying '30p next November'?

[steve73] 03/11/2017 06:49

pw - Agreed - it was pretty much expected so should have been priced in.

I note big increases in disclosed shorts popped up yesterday aking the total to almost 9%.. Highbridge & Polygon both adding more than 0.2% each.... Stock-on-loan update still not available for Oct, but I'd be very surprised if it reflects the disclosed shorts.

edit..... sorry beg - I missed your comment on this...

[prewar] 03/11/2017 06:29

Steve, have made the point about increased finance costs dragging on SP, but think 25bp priced in for a while. Market seemed to think less chance of further rate rises presumably from carneys narrative and mpc minutes judging by the impact on sterling at noon,so this should help pmo.

[steve73] 03/11/2017 01:59

Strong bounce off $60 for Brent last night - should help us as the week draws to a close.

On the downside, much of our debt is linked to LIBOR so yesterdays rate rise may make things a little more expensive for us..

[fitton] 02/11/2017 21:39

Nostrum Oil NOG. I would have to say, having been involved in buying and selling shares for many years,its rare for me to fell as confident about the potential upside of a company as I do with PMO, more so than Nostrum.There must be other great recovery stocks in the market at the moment but having followed Premier over the last few years I would probably put my house on the company just as long as oil stays in the $55-$60 range.

[husbod] 02/11/2017 21:13

Thanks fitton. What was their "even better company" as I couldn't access the link.

[rationaleee] 02/11/2017 19:33

Does anyone have access to Upstream online? If someone can share excertps from these articles that would be helpful? Thanks
News from Today:
Chim Sao well drilled,

[begorrah88] 02/11/2017 18:37

Polygon & Highbridge shovelled sells onto the book to try and keep the share price down on Tuesday.Must be becoming very expensive to protect the CBH's return.

[bakedbean57] 02/11/2017 17:25

Hopefully they acquire our 'technical structure committee' with it!

[gregpeck7] 02/11/2017 14:16

Tullow average is world class with much coming in stream next 18 months. Also huge farm in payments soon due from total (almost one billion dollars) these were realised post fund raising.

[badger60] 02/11/2017 13:22

It looks as if Tullow is now in the same position that Premier Oil (LSE: PMO) was a few month ago. Premier's management has always maintained that the company has the full support of its lenders, despite the fact that its debt refinancing was dragged out for more than six months. However, unlike Tullow, Premier hasn't (yet) asked shareholders to help finance the business. The company successfully reached an agreement with its lenders last month, avoiding significant equity dilution. Running out of timePremier's £2.2bn debt mountain is a lot smaller than that of Tullow, but compared to the company's size (market cap of £320m) it is relatively significant. So, the fact that lenders have been prepared to give Premier some leeway, while Tullow has been forced to ask for extra cash is concerning. The latter's management is adamant that the rights issue was not pushed by lenders, but it's difficult to believe that the issue was not in some way influenced by ongoing debt discussions. These actions lead me to believe that perhaps Tullow is in a tighter financial position than it is willing to admit.

[prewar] 02/11/2017 13:16

Since £ got smashed at 12 noon, you're getting over 1% discount on buying PMO now.

An update of numbers I previously posted:

At 01/08/17
POO $52.50
XR 1.323
SP £60.5p

Today
POO $60.25
XR 1.312
SP 72.5p

SP up just under 20%
Currency adjusted POO up just under 16%

This despite hedging and likely increased cost of debt. Assumes gas prices move in same proportion as Oil, no idea if this is true or not.

Happy days, keep the faith...

[s34icknote] 02/11/2017 12:47

May be we should be half the value of tullow ! 1.3 bn !Although premier do operate in stable safe areas unlike tullow !!!Sicknote

[badger60] 02/11/2017 11:38

.....DeanoNot if Zama comes in they won't........

[s34icknote] 02/11/2017 11:32

Three 100k buys Just ticked through !!!Sicknote

[deanroberthunt] 02/11/2017 11:27

some of the disparity is that TLW have larger reserves

[badger60] 02/11/2017 11:04

Another little top up......PMO mkt cap...£370mio compared to......TLW mkt cap. £2.60bln!...........Both have same production circa 80k bbd, cost base, PMO has $1 less debt...Catcher coming on stream up to +30 bbd....Tolmount advanced wip ...and Zama1 with a potential of 1- 2 bbn bbo!What is there not to like ?????