Harbour Energy Share Discussion Threads

[davidlloyd] 10/1/2018 12:48

Adg/Begorrah - thinking the same thing - there is more to this imo. Consolidation in this sector ?? But who may be accumulating??
Interesting times....
DL

[deanroberthunt] 10/1/2018 12:47

This a screaming 10-20 bagger now....

[begorrah88] 10/1/2018 12:45

That's about my hope for tomorrow. To put a base under the rise and a platform to move up from over the coming months as Catcher ramps up.

The concern is always a repeat of last years sell off after the rise, and people could scare themselves into that, but I think the big players will see PMO is a completely different company to last year

[seny81] 10/1/2018 12:42

Anyone know when the first tanker is due at the Catcher FPSO?

[vanadiumx] 10/1/2018 12:39

Husbod - v good question... difficult to say but my thinking it's better to arrive tomorrow... There seems to be a solid rerating going on here. Maybe a pullback first thing but this momentum seems v strong and should continue beyond tomorrow. I am expecting market to feel reassured that this momentum can be sustained after tomorrow's update.

[eastender boy] 10/1/2018 12:34

Brent still going for it at $69.6 currently.
we should see the 100p broken before the end of play today
fingers crossed

[mreasygoing] 10/1/2018 12:30

Congratulations PMO holders. Nearly£1.00. F#ck the slags who run the share price down (shorters).

[begorrah88] 10/1/2018 12:24

Earliest date it could be forced is 31st July 2018 as long as the share price has been at £1.04 or higher for 25 days.

[duckdown] 10/1/2018 12:22

Thanks Chris,

Is the forced conversion price 104p? Is it 3 months it needs to stay above that level to force the conversions?

Much appreciated

[chrisgail] 10/1/2018 12:20

duckdown. When bondholders convert debt is removed from the balance sheet and replaced with equity. Simply, liabilities have decreased and interest payments have stopped. As the shareholders are not receiving dividends it is also cashflow positive. The final benefit is that the 'power' of the bondholders is reduced. As the Company can force conversion after a certain share price is recahed, it is giving power back to the company from the bondholders. As shareholders very welcome. At the moment it all seems to be going our way.............long may it continue. PMO remains a longterm hold.................we will look back at the share price in Jan 2018 and say why did I not dramatically increase my holding? As always the answer is the fear the POO rapdily goes back to $40-50/barrel.

[begorrah88] 10/1/2018 12:08

A similar thought did cross my mind adg

[adg] 10/1/2018 12:04

Cant help but start to suspect that there is something more to this sustained rise, anybody heard of any approach rumours or similar?

[duckdown] 10/1/2018 11:58

What's the deal on the bondholder conversions?

Can somebody please remind me in simple fashion?!

TIA

[sirrux] 10/1/2018 11:38

Must be planning early repayments now.

[steve73] 10/1/2018 11:34

Nice.. Highest price since about July 2015 from what I can see.. Clear sky to about 350 now....!! LOL

[yeah man] 10/1/2018 11:01

What a wonderful sight,for a change.

[investordave] 10/1/2018 10:33

I suspect that a lot of the shorting scumbags are now closing out. Good riddance.

[begorrah88] 10/1/2018 10:30

I think that is more to do with stock lent out being returned

[s34icknote] 10/1/2018 10:25

Norges bank sold out So rise despite sellers ! Sicknote N a I

[retsius] 10/1/2018 10:22

Where`s Marvin?

[begorrah88] 10/1/2018 10:18

The above will be confirmation that I know jack! [I sense a few nodding heads out there ;-)]

Up through 96p

[begorrah88] 10/1/2018 09:45

Got to expect a bit of turbulence at 95p

May take a few attempts to go through or may settle below for today ready for a go tomorrow on a solid TU

[patience a virtue] 10/1/2018 09:45

Great to see PMO doing well, still far too cheap imv.
Also very good to see that idiot Marvin disappearing on this thread, may it last.