Harbour Energy Share Discussion Threads

[badger60] 04/11/2017 11:43

What I find difficult to understand is why would anyone in their right mind holding a PMO 42.75p strike warrant, would want to lock in a derisory 20-30 pps by shorting the equity.......and deny themselves the opportunity of making many multiples more by holding on to it.............unless the CB warrant holders are being advised and managed by a "professional" cretin(s) who are being paid fees for being totally inept, and maybe even corrupt?.....
I would be demanding that they buy the shares that they have shorted in lieu of my warrant back, especially if they had shorted in the low 60's and now suffering a 10pps opportunity vs mkt px loss, and reinstate my warrant.......... which I would much rather be happily converting at £2-£3-£4 per share at sometime in the not unforeseeable future.........

[volsung] 04/11/2017 10:37

Tony bloody Durrant, what the hell are you doing here!?

[husbod] 04/11/2017 10:32

Article in Telegraph this morning about the possible collapse of Venezuela next week and the loss of oil which will eat into the current glut and drive prices higher. Maybe the reason for the hike on Friday.

[badger60] 04/11/2017 07:43

SteveNear term for PMO is all about.......poo, Catcher and Tolmount. (Solan needs a bit of tlc and wip).....but the biggie is Zama where we own 25%, with the biggest fear , imo, that the Mexican government do a contractual U-turn. IF! all goes to plan.....a PMO mkt cap of £4-5bn is not out of the ball park.What I like, with Solan underperforming accepted, is the strength, stability and cashflow of PMO's existing assets. Tony Durrant is a first class CEO and most definitely knows his way around the oil business. If he can monetize Zama in the same way he has with the EON assets........ it's off to the races we go!!!!!

[dr biotech] 04/11/2017 07:21

At what price will they start to hedge and what sort of %? If it was me I’d hedge enough to ensure the debts can be serviced at around this price.

[steve73] 04/11/2017 06:09

Badge,
If the m-cap recovers to what it was a few years ago when the share price was around 550, then even assuming all the warrants and CB's are converted into shares, the share price could now end up close to 300... Although some might consider this to be unlikely unless oil returns to over $100, there is plenty of evidence that costs across the oil industry have been significantly reduced since those days, and PMO itself has substantially improved prospects following the EON acquisition and Zama discovery.

[badger60] 04/11/2017 04:53

Steve132mio shares is a huge amount to buy back, especially given the % of issued that it represents. Given the overall positive turnaround, increase in the poo and PMO's attractive value/ investment/asset/production profile, I think that we are only just starting to witness the beginning of many increasing valuation multiples from here which will certainly help with the alimony payments.........

[steve73] 04/11/2017 04:15

The highest close for a long while, and the Oil Price continued up more than $1 after we'd closed.

Big increase in disclosed shorts this week, although the Stock-on-loan average for October showed a significant decline to 27.05%.
Avg stock on loan for Sept - 135347321.09
Avg stock on loan for Oct - 131839718.77
Net reduction: 3,507,603

It looks like some of the smaller positions are consolidating with the 7 big shorters who actually need to disclose their positions...

I'm sure it's not a deliberate ploy to obfuscate the true situation... as if.....!

If you look back on the Euroclear data to when the stock on loan really increased - Feb-Mar 17, from 16.33% to 27.93% - the share price was rapidly falling through the window that we're currently in. This suggests that we may see a significant reduction of SoL if we rise back through it...

[badger60] 04/11/2017 04:08

Get back into that septic tank where you belong chutes..... that's after you've finished rimming your boyfriends Diggle and Pearce over on the PRM losers bb.........

FILTERED!!!!!

[seangwhite] 04/11/2017 00:45

Let's hope a bid is over 100p as Xmas could come early.

[chutes01] 04/11/2017 00:15

A bid ...

Beware of badger60, after he takes his profit to pay for his next quota of rent boys he will spread his bile across the bb, filthy sick cnt.
I'm watching you.

[marvin9] 03/11/2017 21:09

What would really mess up the shorter's would be if Puppet Book Keeper Durrant resigned; then they would not have an insider mate and the share price would rise to £1 within a week.

[eastender boy] 03/11/2017 20:54

Crazy indeed, the good news is that the share price has actually gone up with this recent massive shorting attack. imagine what the price will do when they have to buy them back.
interesting that the oil price whent up after the uk markets closed, so they will need to short even more on Monday just to stand still.

[begorrah88] 03/11/2017 19:49

So, POO at $62+ and .5% shorts now up to 11.45%Crazy times

[s34icknote] 03/11/2017 17:17

And above 61 dollars again !Sicknote

[s34icknote] 03/11/2017 15:16

Brent heading Back over 61 dollars by close !Sicknote

[marvin9] 03/11/2017 13:44

Nothing will change there then, wash rinse repeat.

Just a shame our CEO Puppet Book Keeper is dragging the share price back down with his antics and lack of action.

This should be at least £1.25 now!

[ball deap] 03/11/2017 13:19

There will be ballbaggery along the way but keep sunk deep don't be tempted to pull out yet !!!

[begorrah88] 03/11/2017 11:33

Quite possible

[eastender boy] 03/11/2017 11:12

Here is a good website to help explain the current situation.. borrowed from iii

hxxp://www.eurekahedge.com/Research/News/1381/03jul_archive_cba

This article neatly explains why shorts have risen lately along with the rise in PMO's share price

IMHO PMO will use their call option when the share price reaches 104.17p (140% of the conversion price of 74.41p) in 2018 and I think that just prior to this the share price will receive a real boost as all these shorts come off in expectation of this.

PMO get to reduce debt by $245M and the share dilution at least takes place in a rising share price environment.

It could well be that Catcher coming on stream will flush out some of these positions. It should certainly be enough to close any of the "common or garden" short positions.

[begorrah88] 03/11/2017 09:11

Hypothetical situation

CBH's using Polygon & Whitebox for their Delta Hedging

hxxp://www.wallstreetmojo.com/convertible-arbitrage/

hxxp://www.ssctech.com/eBriefings/eBriefingArticle/tabid/597/Default.aspx?A=2762

Whitebox start expressing some concern about exposure and elect not to increase short position but share price is rising due to POO so CBH's recruit Highbridge to step in and fill gap ergo Polygon & Highbridge continue to build short position to neutralise the hedge position for the CBH's.

At some point the CBH's will have to look at the cost of this exercise.

Just a thought

[deanroberthunt] 03/11/2017 08:44

massive re-rate coming here very soon, stupid cheap....not valued much more than some Aimers producing nothing in risky areas, like AEX.