Harbour Energy Share Discussion Threads

[marvin9] 19/4/2018 18:45

Back to share price manipulation by those with an agenda!

FSA?

CEO?

LIZZY LIPS?

[marvin9] 19/4/2018 17:06

2nd Resistance Point
91.250
1st Resistance Point
89.200
Last Price
87.150
1st Support Level
83.050
2nd Support Level
78.950

[mercer95] 19/4/2018 16:24

Booster engine kicking in 💥

[nav_mike] 19/4/2018 15:14

Was it Steve73 that posted recently about the foced conversion price on the remaining convertibles?

Cant find the post, but if I recall he was saying that 94p(?) might be a battle ground that bondholders might not want to see breached

With Brent around $74 they may have a real problem :)

[mercer95] 19/4/2018 14:13

The chairman Franklin added 60,000 shares in January at 83p & I’ve averaged down a couple of times & I’m still in the 80p region so I reckon you’re in good shape hoper2, good luck, cheers for the info on possible ftse 250 upgrade Steve , all looking good IMO

[marmar80] 19/4/2018 13:49

Hoper2, Rockhopper at 25, you still have a chance there. All before the major decision later in a year.

[hoper2] 19/4/2018 13:40

Another 5,000 at 87p taking me up to 25,000 at an average of about 71p. Considering I started looking at these when they were about 25p that's not very good, but it's hard to see much downside unless something goes wrong with Catcher. It's not difficult to imagine these at £2 per share this year, lets just hope my imagination isn't getting carried away.

[plunger2] 19/4/2018 13:36

When the Oil price recovered from its cycle lows c.early 2002 the mistake I made was selling the mid sized oil cos too early before their prices properly reflected the PoO recovery.
I'm expecting the same to happen here and despite a stretched balance sheet the scope for PMO to go forth and multiply is obvious. If the PoO keeps going up the industry will see the value in PMO even if the market funks it.

JMHO GLA

[gunsofmarscapone] 19/4/2018 13:00

Steve

That is beyond my knowledge, I have holdings in a Ftse100 company which was very nearly in the auto-relegation section of the table, in fact it was clearly in that red zone but not on the Ftse panel review dates.

Not sure about Ftse250 rules tbh.

[steve73] 19/4/2018 12:48

Guns.. do you know if they will wait until we are definitely in, or will they make an assessment before hand and buy a few in preparation...?

[gunsofmarscapone] 19/4/2018 12:24

Some small optimism then? Certain tracker funds will be required to buy at least.

[jelenko] 19/4/2018 12:20

I suggest if we get a good update on 16th May we will make the FTSE 250 comfortably

[steve73] 19/4/2018 11:46

Just been looking at our m-cap for inclusion into the FTSE 250.

Auto-entry at the next quarterly review date (30th May) shows we need to be around 810MM, which represents a share price of somewhere around 105.

Of course if the wider market moves then that "target" entry cap will also change.



Thanks to some posters on LSE for bringing this to my attention.

[gunsofmarscapone] 19/4/2018 11:34

Benchmark, viewing the chart there seems to have been a reason to sell. Recovery plays are not simplest of investment decisions.

Alternatively if the Falklands ever (there is a risk here, on several levels) produce from the NNFB Rkh appear to have multi-bag potential. DYOR but we are looking at £2-£3 within 2-3 years. Hopefully ha ha ha.

[benchmark] 19/4/2018 09:30

I agree. And the momentum should be upwards since there is no reason to sell apart from some profit-taking and that should be limited and short-lived

[jelenko] 19/4/2018 08:57

The weekly chart for pmo looks very bullish to me, suggesting a test of 100p in a week or so with a target of 135p. Never in a straight line of course!

[nav_mike] 19/4/2018 08:33

Quite a bit of selling this morning, but thats forgiveable given the rise PMO has had this week.

For once, theres some decent profit for people to take off the table :)

As long as oil holds up, I think I will stay invested

[mercer95] 19/4/2018 08:30

That’s some volume going through for the first 30 mins of trading, I’m in cruise mode, see what the US rig count brings tomorrow, only my opinion but I reckon US shale production has topped out

[prewar] 19/4/2018 08:00

Iirc pmo have hedged in two ways:

Sold fwd at fixed rate
Bought an option with a floor, so a guaranteed minimum price. If price is above the floor you don't exercise your option and get spot price.

You pay more for the flexibility of the latter via typically a lower exercise price.

[nav_mike] 19/4/2018 07:59

Blimey! someone is keen....

250k 'buy at market' order just placed into the opening auction - you dont see that very often!

[adg] 19/4/2018 07:57

I think that the hedged oil price PMO Have is a minimum price - I understand that they get anything over the hedge price - the hedge at say $50 doesn’t mean they only get $50 if the price is $75, it means that if price was $30 they would get $50 but not the other way around - please feel free to check, somebody posted an explaination how it works a while ago I think
Hope I’m correct

[adg] 19/4/2018 07:56

I think that the hedged oil price PMO Have is a minimum price - I understand that they get anything over the hedge price - the hedge at say $50 doesn’t mean they only get $50 if the price is $75, it means that if price was $30 they would get $50 but not the other way around - please feel free to check, somebody posted an explaination how it works a while ago I think
Hope I’m correct

[oilretire] 19/4/2018 07:41

From RKH this morning. Further details in the body of the results RNS.....Funding package for the Sea Lion Phase 1 development progressing; working towards final investment decision by year end 2018·     Estimated capex to first oil reduced from US$1.8 billion to US$1.5 billion·     Life of field costs down to less than US$35 per barrel·     Letters of Intent signed with contractors for a range of services and vendor financing·     Discussions progressing with senior debt providers including commercial banks and export credit agencies·     Field Development Plan substantially agreed with the Falkland Islands Government·     Environmental Impact Statement public consultation process completed