Harbour Energy Share Discussion Threads

[marvin9] 15/8/2018 16:58

A share price mega crash of 13% in 2 days??????????????????

Share price manipulation?

CEO?

FSA?

Lizzy lips?

[marvin9] 15/8/2018 16:55

Funny how some seemed to raise shorting on PMO weeks before any of this was announced?

Share price manipulation at its blatant.

Just goes to prove insider dealing does go on with out comment from the FSA?

THE ELITE FEW WHERE OBVIOULSY GIVEN THE WINK WEEKS AGO, HENCE THE SUDDEN INCREASE IN SHORTS.

[fitton] 15/8/2018 16:26

The other point to mention is the shorters involved in the convertible bond transactions,dream time for shorting.Once they have converted there should be a good recovery in the share price.

[ziblot] 15/8/2018 16:22

Turkey’s lira crisis drags down oil. Oil prices fell on Monday after Turkey’s currency crashed, raising fears of emerging market financial contagion. Turkey’s lira has declined 30 percent in the past week alone. China’s yuan dipped again. Argentina’s central bank just hiked interest rates by 5 percentage points. India’s rupee fell to a historic low against the dollar. Analysts don’t see an emerging market crisis as necessarily likely, but it isn’t impossible either. An emerging market slowdown raises the risk of much slower-than-expected oil demand.

[fitton] 15/8/2018 16:11

Great opportunity to top up for anyone with strong nerves.Let's be honest,3-6 months ago everyone in the oil industry would have been happy with $70 a barrel.Not much point trying to judge the market at the moment but if oil can hold $65-70 then PMO will continue its recovery.I sold a fair few this morning at £1.16 or above but didn't expect to see £1.09.

[american idiot] 15/8/2018 15:33

Sub $70 oil ?

Horrible US Crude Inventory data just out


Release Date Time Actual Forecast Previous
Aug 15, 2018 15:30 6.805M -2.499M -1.351M

[onedb1] 15/8/2018 14:52

Around April time we touched 1.44 (Gbp/Usd ) and Brent was in the high 70s . Today it's 1.266 and low 70s . In sterling terms Brent has not therefore moved much yet Premier Oil equity is off it year highs by quite a bit . To me that is an error . A classic one . Had the bonds followed or sterling remained high then I would have agreed that the equity should follow down . But as it stands I disagree. People are looking at Brent in $

[onedb1] 15/8/2018 14:46

Not quite . Much like 40% ish of our production is hedged at loan issuance Premier explains in its Foreign currency section that it hedges currency risk. Note too that I equally hold the bonds personally which are denominated in £s . So no currency risk there whatsoever . Same goes for others Currency risk will have all been hedged whilst production ( hence our revenues is hedged at 40% ) It leads me to believe that the typically high beta of Premier Oil , is the reason for over reacting here . Look are Brent in Gbp and it's down 3.5p from the highs of about 60p . Look at the bonds ticker PMO1 and we are trading at roughly 101p vs highs of 103.25 in June. The equity is way more volatile as one can see and offers buy on dips and sell on over exuberance in my view . My view no advice intended . But looking at the overall picture I just feel it's PMO's beta that dragged it down in the osst few days . Bonds have not followed whatsoever . Bonds in my view tell the real picture . So the divergence is a significant signal again in my view . ATB

[markymar] 15/8/2018 11:30

Just bought a few more thousand for ISAAnd happy to buy at this levelExpecting this still to be near £2 by Christmas with good news on debt falling ,news on Falklands and of course Mexico.

[american idiot] 15/8/2018 11:24

Onedb1...

Is the debt in $ therefore offsetting the benefit of the £:$ revenues ?

[prewar] 15/8/2018 11:17

Agreed onedb, we're effectively holding largely dollar denominated assets here.

Have added a few more yesterday and will continue to do so if price drops further.

I'm guessing trade wars is a bit of a drag in lots of places but think that will get resolved eventually.

[onedb1] 15/8/2018 10:49

On death ears .

[onedb1] 15/8/2018 10:48

Am guessing that Brent / Gbp:Usd is meaningless to many as clearly the price would not be moving down that much . Year highs of 60p vs 57p for Brent now yet the equity falls . Funny . As revenues are in dollars , Brent's fall is to be considered in £ terms . Dollar has strengthened a lot . Hence why Brent current value is not an issue . Had £:$ been 1.5 or 1.6 instead of 1.27 then I'd agree that the equity should move lower . Falling in death ears

[marvin9] 14/8/2018 16:42

hxxps://oilprice.com/Energy/Oil-Prices/Oil-Prices-Jump-As-Saudis-Cap-Oil-Supply.html

[marvin9] 14/8/2018 16:42

hxxps://oilprice.com/Energy/Oil-Prices/Oil-Prices-Jump-As-Saudis-Cap-Oil-Supply.html

[marvin9] 14/8/2018 16:33

Wu need jump on botty n get two work, kweeping jabba pong ole busy to distract Jabba from helping his shorting mates.

Now gwo n wide wike the wind; worked before will work again.

Wu play jabbas didgeridoo n blow like the wind!

[emilio] 14/8/2018 16:27

HERE YOU are you Full TIME idiot !

[marvin9] 14/8/2018 16:15

Here we go again, back to share price manipulation by Jabbas mates.

FSA?

CEO~?

Lizzy Lips?

What you doing about it?

[nav_mike] 14/8/2018 15:16

Wow....WTF has gone on here today?

Oil is playing ball, yet the selling here is relentless, albeit in a low volume kind of way

Have to assume imho its our hedgie friends making hay

[fitton] 14/8/2018 15:06

Just like the good old days!!!

[nav_mike] 14/8/2018 11:00

onedb1

Thanks mate but I was well aware of that having been in these since the recovery from 19p

I did say I would be glad when the last of the CBs convert as I know they are linked to the positions held by Marshall Wace etc

Fact is, until the CBs convert on the 6/9, there are market participants selling against them, as evidenced by the disclosed shorts over 0.5% increasing steadily recently

Hopefully on the 7/9 they will all disappear...as if by magic :)