Harbour Energy Share Discussion Threads

[marvin9] 04/8/2018 16:20

What's wrong with his hands?

There all over the place ARF ARF ARF!

[marvin9] 04/8/2018 16:13

CEO ARF ARF ARF!

What a scruffy clunt!

Where is your tie Jabba?

Packing a few more ponds these days arnt ya eh!

Money belt?

You can even see the stings being pulled, useless puppet!

[oilretire] 04/8/2018 12:17

Pinched from the other thread, thanks to rationalee




Ref the first topic, yes it's a very 'localised' dispute with Total trying to impose the T&C's of Mearsk on their existing employees with the main change being increasing time spent offshore from two weeks to three weeks per trip. I'd be striking against that too.....

[oilretire] 04/8/2018 12:16

Platts would have set the agenda though and there's only so much you can fit into a fifteen minute interview I guess. Bodes well that there is so much to fit in. Mexico's time will come ;-)

[fireplace22] 04/8/2018 11:43

Thanks rationaleee
Tolmount contract signing this month then on with the work, disappointed about lack of reference to Mexico though and far east for that matter.

[oilretire] 04/8/2018 11:39

Ref the first topic, yes it's a very 'localised' dispute with Total trying to impose the T&C's of Mearsk on there existing employees with the main change being increasing time spent offshore from two weeks to three weeks per trip. I'd be striking against that too.....

[rationaleee] 04/8/2018 11:21

TDs interview from yesterday with Platts...

An interview with Tony Durrant, CEO of Premier Oil

[legg96] 03/8/2018 11:39

leadersoffice/deanroberthunt,
You are right in your forecasts. Unfortunately, we wont see the value as this is going to be taken over with bumper pay offs to the directors.

[deanroberthunt] 03/8/2018 11:21

he's on his way round to yours with some KY

[deanroberthunt] 03/8/2018 10:13

the biggest gains are made by companies deleveraging, if POO stays above $70, they could clear the debt in 4-5 years

[leadersoffice] 03/8/2018 09:42

That's a realistically achievable target given the debt mountain they have.

[leadersoffice] 03/8/2018 09:41

Bought in this morning for the recovery. Looking for £2 by Xmas

[deanroberthunt] 03/8/2018 07:47

fair value is 250-300p with Brent over $70

[steve73] 03/8/2018 04:19

Just noticed the disclosed shorts have increased from 0.61% to 2.75% since the company "announced" that it would be converting the remaining CBs at the T/O update last month (13th)... This 2.14% increase represents over 16MM shares, or just over half of the new shares created by conversion... (although, of course, the actual number of "new" shorts is much less than this, since 3 new shorted crossed the 0.5% threshold). Once the new shares are admitted to market, I'd expect the number of shorts to drop significantly.

I wonder how many of the remaining 59MM warrants have been hedged with shorts?
(Interesting to see another 1.5MM warrants converted last month, in addition to over 5MM in June, now just over 1/3 of the warrants exchanged. Do these relatively high figures suggest that the share price is reaching "fair value"...?)

[steve73] 03/8/2018 03:39

Mike, I would have expected that most of those CBs were already hedged with shorts (since the co. advised last month that they would be a mandatory conversion). Similarly, the large warrant holders (of which there are approx. 3x the remaining CBs) have probably hedged theirs already, although I agree, it's probably not helping the weakness.

We should get an update of stock-on-Loan (July average) in the next day or 2 which may make the situation clearer.

The 0.25% interest rise adds around $6.5MM per year in costs...or the revenue from just over 1 day's oil production.

[nav_mike] 02/8/2018 16:33

Oil price up over a dollar from the days lows but PMO not budging

Looking at the activity on SETS, I cant help think the CBHs are busy hedging today, either that or the extra .25% on PMOs debts has spooked a few people

[up just a little bit] 02/8/2018 15:25

Just wait for Iran to start their war games in the next 48 hours. Should perk up a tad.

[fitton] 02/8/2018 12:42

It looks like £1.19 is a critical point here.Oil has in the last few months performed probably better than most investors would have expected so hopefully if the oil price stabilises around the $70 a more orderly market will prevail.

[legg96] 02/8/2018 08:36

asa8,
The company has made it clear that the serious debt reduction is coming in the second half. So expectations for 23rd on rightly low.

[asa8] 01/8/2018 18:27

Let’s hope there’s serious debt reduction on the 23rd or this will get seriously punished taxi for Durrant

[onedb1] 01/8/2018 13:54

Cheap shares out there at the moment . Some forgetting that hedges have moved too and our Big Mexican spud is now getting closer . With Brent in Contango hedging should get better too . Brent over $70 makes Pmo a strong cash generator . Short term fluctuations are excuses to drop weak hands in my view .