Harbour Energy Share Discussion Threads

[fireplace22] 03/10/2018 15:17

What refinance? Now its just a matter of getting the debt down whilst financing new projects, with a strong share price and stable/increasing oil price debt refinancing is years away if at all necessary.

[chopyead] 03/10/2018 15:13

But you have to remember who will be in charge of the re-finance with lenders; last time it was a disaster and crucified share holder value for years.

[nav_mike] 03/10/2018 14:52

A rights issue is always possible I guess, but given that management have set out debt reduction targets to Q1 2019, and they were based on Brent around $70, I rather think they will let the scenario play out first, particularly with Brent exceeding $80

By then, and if debt has indeed returned to investment grade, the share price will be much higher, and a rights issue easier to get away on better terms

[fireplace22] 03/10/2018 14:43

Rights issue is only dilution if you don't take part. We've already got plenty debt and there is currently a disposal plan and with Tolmount we effectively farmed out by the way its been financed - Utopia!

[fireplace22] 03/10/2018 14:35

If the share price is high enough a rights issue.

[excellance] 03/10/2018 14:31

yes they will...

what is the most likely method?

[fireplace22] 03/10/2018 14:31

Currently we have a £3B company, m/c £1.1B and £1.8B worth of debt! That's the minimum it would cost to take over.

[fireplace22] 03/10/2018 14:29

No, but they'll need funding.

[excellance] 03/10/2018 14:27

mkt cap £1.1b a with share price at 140p, and that is essentially supported by catcher.

now add sea lion and gulf of mexico oil.

do we still have a £1b company?

[chopyead] 03/10/2018 14:21

£6? why are you always de-ramping PMO?

[steve73] 03/10/2018 14:17

Anybody that got in around the time it was suspended for the Eon deal (ie. 19p) is already getting pretty close to a 10 bagger.
My first small buy here (this time around) was at c 25, so I've still got a bit to got yet, but the bulk of my buys were around the 61p mark at the time of the refinancing (setting of the conversion price).. 6 quid is possible, and I'm willing to wait for that.

[investordave] 03/10/2018 14:12

No more dilution thank you.

[fireplace22] 03/10/2018 13:38

Any views on a fundraising? They wont be paying off that $2B worth of debt from cash flow that would be a brake on company development so I reckon at 150-160P?

[investordave] 03/10/2018 13:32

Sounds good to me. And will try to accumulate on the dips if I can although I very rarely get my timing right.

[deanroberthunt] 03/10/2018 13:25

I'll be selling in 2023 when its 1500p +/-50p

[investordave] 03/10/2018 12:34

Slow and steady is fine with me. I won't be selling anytime soon.

[benchmark] 03/10/2018 12:08

Its hard to please the 10-bagger brigade

[onedb1] 03/10/2018 08:52

Brent into levels I had no factored in . My model has $75 as base case for H2 . Insane to see Brent spot at $85 ! Some people should not use 'investor' in their nick if it's trading what they really want . Trend here is strong and good much like fundamentals improving . If this goes from 143 to 141 some call it depressing ....it's unbelievable to be honest . You can't have 140 one day 150 the next 170 - then 200 .. geez

[s34icknote] 03/10/2018 08:43

Up and down to let the day traders out. Let the trend be your friend !Sicknote

[steve73] 03/10/2018 06:24

c. 55 trading days to EoY.. even at 1p per day would give us close to 200p. I can live with that...
But up 6-7 and down 5-6 works just as well and gives the traders something to play with as well.

[oilretire] 02/10/2018 16:42

yep, give me +1, 2 or 3p a day for rest of the year :-)

[cumnor] 02/10/2018 16:24

No investor Dave, on the contrary. Very solid and most of recent days' deals are well north of 140 which will be the new base, thanks to the even market and many PIs getting out as new investors-and they are mainly investors-not traders-who see a solid company which is seriously undervalued for the medium term. I'd hate to see it go to 160p on a few million shares-would only last a day or two. Corporate news-from Zama, Tolmount, FI etc could propel it to £2-£2.50 in to time, or a TO considerably higher, given POO, but very happy the way it is going.

[investordave] 02/10/2018 16:17

So many sellers. It's depressing.

[investordave] 02/10/2018 16:00

Another poor end to the day in prospect - much as predicted.