Harbour Energy Share Discussion Threads

[chopyead] 01/10/2018 21:33

Oil price booooooooooooming!


PMO should do the same tomorrow; up at least 5p!

[galles] 01/10/2018 19:07

Sorry for my ignorance. But could anyone explain to me the significance of these warrants (these regular updates from PMO) and how they impact on the price?

[prewar] 01/10/2018 18:47

That GG chap said £1.30 so gotta be that surely.....

[chopyead] 01/10/2018 18:40

Oil will be $100 by Christmas, so what will PMO's share price be?

[benchmark] 01/10/2018 17:55

Estimating Buy and Sell volumes is a bit of guesswork and depends on the algorithm being used

[markymar] 01/10/2018 17:38

Shares bought today 6,340,393Sold shares 4,164,592So strange the share price has dropped especialy when oil is up yo €84.28

[s34icknote] 01/10/2018 17:29

Production and revenue for 1 st half Group production on a working interest basis averaged 76.2 kboepd for the period compared to 82.1 kboepd in 2017 1H, due to asset sales and natural field decline. First half production was also impacted by planned shutdowns at the Huntington and Solan fields and lower Singapore gas demand due to end-buyer maintenance. This was offset by the ramp up of Catcher production and outperformance from the Chim Sáo field. Entitlement production for the period was 69.2 kboepd (2017 1H: 76.1 kboepd). Post hedging, Premier realised an average price for the period of US$61.6/bbl (2017 1H: US$49.9/bbl) vs a Brent average price of US$70.6/bbl (2017 1H: US$51.7/bbl).In the UK, Premier achieved average natural gas prices of 49 pence/therm (2017 1H: 46 pence/therm), which included 39.4 million therms which were sold under fixed price master sales agreements. Gas prices in Singapore, indirectly linked with crude oil pricing, averaged US$9.7/mscf (2017 1H: US$8.6/mscf) post hedging.

[s34icknote] 01/10/2018 17:20

-- Forecast full year net debt reduction of US$300 to US$400 million with covenant leverage ratio expected to fall to 2.5x by end Q1 2019, in line with previous guidanceBrent was at 70/75 dollars at the time Sicknote

[s34icknote] 01/10/2018 17:15

Brent 85 dollars !Sicknote

[s34icknote] 01/10/2018 17:02

Lots of late buying And close above 140pSicknote

[manics] 01/10/2018 16:51

Oil putting in another decent rise.

[lageraemia] 01/10/2018 16:48

Hmmmm.

Brent just cracked through $84 and WTI through $74.

[excellance] 01/10/2018 16:41

Off to a flyer this morning but the rise was sold into unfortunately.

[investordave] 01/10/2018 16:29

Agreed. Most other oilers have performed better than PMO today. Surprising.

[nav_mike] 01/10/2018 16:27

Considering Brent @ $84 there must be some pretty serious profit taking going on

[investordave] 01/10/2018 16:26

A poor day considering the rise in the POO. I wonder why?

[s34icknote] 01/10/2018 16:21

Brent over 84 dollars .Will we see some late buys ?Sicknote

[steve73] 01/10/2018 16:02

From today's RNS we can calculate that less than 70k warrants were exercised last month. Just 209 of these were cashlessly, creating just 113 shares at a cashless price of 117p (so they must have been done early in the month).

This low conversion rate suggest to me that the holders (primarily the debt holders) are expecting to see significant share price rises over the coming months.

Just over 51MM warrants still to convert (or 58% of the total issued as part of the debt restructuring).

[s34icknote] 01/10/2018 15:49

Brent attempting to go through 84 dollars !Sicknote

[arja] 01/10/2018 10:40

thanks . Yes, I notice brent is edging up again after the early dip /

[s34icknote] 01/10/2018 10:24

Brent spot price 83.6 dollars .Sicknote

[s34icknote] 01/10/2018 09:59

Yes and oil is a lot higher and catcher is pumping at full throttle in second half !33000 barrels net to Pmo !Forward P/E ratio is six !!! At 65 dollars . Sicknote

[arja] 01/10/2018 09:47

34icknote ,
I take your point and I just noticed the nice looking chart and uptrending oil price
and not the latest half year results . So you think PMO are now profiteable .

[steve73] 01/10/2018 09:40

Couple of interesting reports..