Harbour Energy Share Discussion Threads

[begorrah88] 16/1/2018 17:23

Shorts over .5% increased by .73% the day after the invitation. Don't know what to make of that

[bakedbean57] 16/1/2018 17:19

Steady steady today not to bad at all, wonder if we will get an update tomorrow or it will take a couple of days for compilation.

[begorrah88] 16/1/2018 14:33

Not unhappy with where we are.

Nipping back over £1 for the close would be nice but a bit of consolidation around this mark is good in my book.

[investordave] 16/1/2018 13:00

Good riddance to them.

[investordave] 16/1/2018 12:58

And a lot of selling too.

[bakedbean57] 16/1/2018 12:37

A lot of trades not via SET's today.

[begorrah88] 16/1/2018 08:43

Odd little tremor just then?

Bitcoin,Eretheum both fell hard, some banks had a small blip,POO dipped below $70 and PMO lost a penny without any trades?

Curious

[jelenko] 16/1/2018 08:09

maybe at 11am

[moneybags] 16/1/2018 07:34

Benchmark........FTSE Future up 9.00 points for the 8am opening in London so everything is pointing to a rise.......We shall see

Regards , Moneybags, IOM

[benchmark] 15/1/2018 23:00

How were the tea-leaves arranged at the bottom of the cup? Does the "depth of cup" serve as a predictor of the rise in sp?

(By the way, I hope you are right about the 108p to-morrow)

[scrutable] 15/1/2018 21:29

interesting interday chart today -formed a perfect cup and handle, predicting one supposes a further climb of Sp (depth of cup) to 108p tomorrow. Perfectly plausible and a good test of the theory.

[spacecake] 15/1/2018 20:59

After ignoring PMO for 3 years is anything about to happen ?

[prewar] 15/1/2018 17:53

Thanks for posting that eastender, all seems sensible, fundamentals imo have driven price since re-finance to where we are today.

Only point at first glance is that to the extent that cbh's have hedged via shorts then they will close shorts at same time as conversion and so there is a buyer for their sales. They'd be buying and selling to themselves effectively so not sure it gets "uncontrolled"?

[emilio] 15/1/2018 17:47

FOOOKIBERTI ?

[deanroberthunt] 15/1/2018 17:45

as I said, with oil at $55-60 it's worth $1.2-.15bn right now, lemon squeezy, now oils over $70.....this is an ode to a 10-20 bagger

[eastender boy] 15/1/2018 17:39

this seems to cover it in a nutshell..

Prior to PMO managements latest offer to the CBHs, I was of the opinion that as the two major factors driving the share price (ie PoO and Catcher Production) were positive, the share price would rise to around 104p (which it has) and CBHs would be slowly flushed out and they would convert to shares. As the shares were sold in the market the price would tend downwards (very slightly) but would come back up again as the underlying was inevitably upwards. This was going to continue until late July when TD would buy the remaining CBHs out at 104p.
In essence, this would be a slow burning rights issue.
As onedb1 has said, the CBHs are not natural share holders; they want income. They are natural sellers of shares.
However what has happened is that both drivers of the share price are on a roll (big ones at that) and we have reached the 104p more quickly than was anticipated.
The CBHs consequently can get their 104p in the market and dont have to wait for TD to dip into his pocket In late July. The scene was therefore set for a mass uncontrolled early conversion. The slow burn rights issue was going to turn into a bun fight.
TD therefore has come up with his offer which is giving the CBHs share instead of them having to wait for their 2.5% income.
My guess and it is only that, is that PMO will find buyers for the shares and bingo the rights issue is complete.
I would have expected to see some sort of constraint applied to the CBHs to stop them all selling their new shares in an uncontrolled fashion, but it wasnt there which is why I'm guessing PMO will handle it.
Once the'rights issue' is out the way we are on a steady climb. £3/sh when the EDIDAX is back to 3. £5/sh when Tolmount comes on line.
I can even dream up bigger numbers.
My 2 positive takes from the trading statement.
Each Catcher well tested to 20TBD (very nice wells)
Chim Sao infill wells producing at 6TBD (infilling vessel capacity very nicely)
Good stuff TD and Team

from gibman11 on iii

[leoneobull] 15/1/2018 17:28

Anybody know what the impact of the convertibles being converted is likely to be short term?

[eastender boy] 15/1/2018 16:42

got to be shorts closing. with those trades.
only got until tomorrow.. tic toc

[s34icknote] 15/1/2018 15:27

Break over 104p Expecting some chunky big trades being reported late !Sicknote

[s34icknote] 15/1/2018 11:34

Back to 100 p again Some chunky trades today !Sicknote

[marvin9] 15/1/2018 09:38

ADVR back down

[emilio] 15/1/2018 09:34

Starving ya full time idiot