Harbour Energy Share Discussion Threads

[begorrah88] 11/1/2018 18:34

Good to see that they are proactively addressing the CB position. I've never seen that done before

[eastender boy] 11/1/2018 18:31

So that's the reason they kept the wytch farm cash back.
it just gets better and better.
That will close plenty of the outstanding shorts and reduce down debt as well.
double wammy and they only have until next tuesday to decide.
looks like the shareprice will carry on in the same direction for a while yet.

[croasdalelfc] 11/1/2018 18:16

The way I read it is bond holders get between 22000 and 44000 Free shares per $1m of bonds

[gersemi] 11/1/2018 18:12

That's interesting indeed. Debt reduction being targeted. Fantastic as this will help to tilt the debt-equity ratio in equity's favour which is always a positive for the price

[rationaleee] 11/1/2018 18:12

RNS out. Early convertible bond conversion offer

[s34icknote] 11/1/2018 17:32

Well done all that have held on I'm waiting fir next years trading update !80 percent of my zoo profits went on this one !Sicknote

[cielos] 11/1/2018 17:30

finally 100p has been tested with volume larger than usual

[eastender boy] 11/1/2018 17:26

Leoneobull, you back in again then ?
could have been costly..

[leoneobull] 11/1/2018 17:05

Well done all today. Amazing to see brent up there at 70. Unbelievable to see the previous year high taken out so quickly. Anybody see the odd reaction to tlw tu? Debt down 1.3 billion in a year and share price falls. Today up 5%. The vagaries of the stock market!

[prewar] 11/1/2018 16:47

Interesting day, bit of a roller coaster from opening drop.

Any thoughts on post 34488 as how convertible and shorting might work? Pasted below for reference

As per previous post had some thoughts on the arbitrage play here. Welcome constructive comments on what the following suggests. Have used a very simplified numerical example, clearly the exact position is a variant on this but hopefully gives a starting point. Numbers are illustrative only, exclude transaction costs and SD.

At point of refinance being agreed then some of the debtholders obtained rights to convert D4E. share price at the time was say 70p.

Let's say one investor has bought £100 of debt at par and is hoping for £40 of interest over period to maturity. Let's say that can be converted to 280 shares.

So if could convert straightaway they would have value of £196 (280*£0.7), some upside so depending on risk appetite they may choose to lock in some upside.

Investor then shorts straightaway say 200 shares at 70p. If PMO goes bust then don't convert and can get the £140 guaranteed they were going to get from Redemption and Interest. A way of locking in debt investment, making it risk free (subject to below).

If share price moves to say £1 then position becomes

Equity if convert £280 less loss on short of £60, so now has value of £220.

If share price moves to say £1.50 then position becomes

Equity if convert £420 less loss on short of £160, so now has value of £260.

So as share price ratchets up so does value, debt investor may (depending on risk appetite) choose to lock in a bit more and so short at each various price increase.

Presumably by same logic reducing short if share price falls.

Haven't thought it fully through but seems to have legs....

[deanroberthunt] 11/1/2018 16:44

tis I droid

[deanroberthunt] 11/1/2018 16:42

TLW was valued at $15bn at one point, with less production and reserves than PMO has now...

[deanroberthunt] 11/1/2018 16:41

the bigger the bust the bigger the boom, this was almost a gonner...now it's gonna stupid bag.....could be a 100 bagger from 19p

[adg] 11/1/2018 16:38

this reminds me of the .com days
my private and sipp portfolios are rising in total around 4k to 6k each day for what seems like a few weeks!
long may it continue

[eastender boy] 11/1/2018 16:07

Ive given you a thumbs up for that Beg.. especially the last line.
onwards and upwards.
p.s brent just gone through $70

[purchmeisner] 11/1/2018 16:05

GBP 1 million buy just through... could be why it has been held

[begorrah88] 11/1/2018 16:03

It certainly looks that way from the daily chart.I've seen it before where an share price is parked somewhere while they try and tidy up all the orders they've had and get the admin sorted.Obviously I'm also bound to say it is because it was pencilled in on the hedgie spread sheets to be about a pound at this point. All pre-determined and all that.PMO hasn't taken off over the last week or so because loads & loads of PI's etc have all simultaneously twigged that oil has risen quite significantly over the last so many months, no, in my mind it is quite clear that this has been played, as I've banged on about for ages.Delighted to see it coming to fruition though and think there is a lot more to go yet though

[steve73] 11/1/2018 16:01

Interestingly Hurricanes share price has been virtually flat-lining from about the same time as ours... Merger or T/O perhaps? There's some small synergy WoS around Solan.

[steve73] 11/1/2018 15:43

Anyone else think the price is being artificially held at 100...?

Perhaps the YTS lad (Marge...??) has been replaced by someone who knows what he's doing..!

[bakedbean57] 11/1/2018 13:36

Been an interesting rollercoaster what a ride today!