Harbour Energy Share Discussion Threads

[deanroberthunt] 04/10/2018 07:53

The large caps still aren't investing heavily, even now 2018 with $80+ oil.....that's what a brutal bust does....causes a brutal boom

[deanroberthunt] 04/10/2018 07:52

technically now on brent, that we've broken long term resistance, $110 is on the cards, and not to far off either...plus the $1trn capex cuts haven't bitten yet!!!.....at some point in the next 2-4yrs we'll have new all time hIghs on POO

[deanroberthunt] 04/10/2018 07:47

at these levels even with the hedging and the oil-gas ratio, they'll be generating north of $600m fcf pa....I would suggest there's no need for any fundraising, but that doesn't mean there won't be one..

[steve73] 04/10/2018 07:35

deano - it's been like that prior to most days opening recently... pity the bid is only 115 though.. but the offer does suggest what might be possible. ;-))

[deanroberthunt] 04/10/2018 07:23

my live screen is showing an offer at 1240p....we could but dream

[deanroberthunt] 04/10/2018 07:22

H2 is going to be mega at this rate, a full half of full tilt catcher with Brent avg. $80

[s34icknote] 04/10/2018 07:15

Seventies Sean a distant past now !Eighties the norm !And all that extra cashflow and hedging opportunities !Sicknote

[s34icknote] 04/10/2018 06:23

ThAnks benchmark I know they use to have late trades especially delayed and bigger trades reported. I just don't remember them going all the way to half five with so may Small ones . It appears to be happening on other stocks too so not pmo specific .Sicknote

[benchmark] 03/10/2018 23:40

s34icknote - you are incorrect on that. Late reported trades have been the case with Premier for at least 10 years. The "UT" trades one can disregard and they usually make up the bulk of the volume. I wouldn't read too much into the remainder of them - easier to have a good nice sleep and look at the opening price to-morrow morning.

[s34icknote] 03/10/2018 21:58

So many trades after hours ! What is going on with these ?Never us to get them Sicknote

[s34icknote] 03/10/2018 21:50

Why are there so many trades after 4.30Never use to get them Sicknote

[cumnor] 03/10/2018 19:55

Another good day-consolidating very well above 140p-probably 5%+ of company traded above that level over past week or so. Starting to look much more solid and like the company it should be-with huge assets and output nearing 100K a day-just the beginning (even if poo averages $70 over next year) and will surpass previous highs at some stage. imo

[hoper2] 03/10/2018 18:56

Brent - $86.58. Surely PMO will be re-rated upwards if this rise holds or keeps moving up.

[onedb1] 03/10/2018 16:36

Is that the Euroclear number ? As you'll find that liquid FTSE 250 stocks given that they are held in ETFs will have prime brokers needing some stock to go on loan but the balance does not imply they are all for shorting reasons . Available only

[steve73] 03/10/2018 16:19

btw.. Stock-on-Loan figures for Sept have just been released. We were 7.35% or 58MM average (and I'd have expected it to have dropped a little throughout the month)...

But it's pretty close to the number of warrants outstanding (52MM).

[excellance] 03/10/2018 16:19

A rights issue...

That really is utopia!

It is also quite rare...because the bankers really don't like anybody but them to benefit!

I love rights issues.

[oilretire] 03/10/2018 16:16

Indeed Steve, hopefully they come up with something as radical/clever for Sealion as they did for Tolmount.

Mexico is too far down the road to worry about just now. Financing options for that will be considered from a much lower debt level.

[chopyead] 03/10/2018 16:06

And you can take that to the Bank!

[steve73] 03/10/2018 16:03

Debt has nearly killed this company stone dead... and that was with really low base rates since 2008/9.
As interest rates rise (which they are now starting to show some convincing signs of) then most of our debt rises (all except the retail bonds), so the sooner we can repay the better, even if this does entail selling some of the family silver (or at least the brass).

I'd like to see us get the debt down to acceptable (i.e. covenant) levels.... and then some more..... and keep it down.

We've managed to arrange vendor and alternative financing for our Tolmount development... This has probably cost us a little more than using traditional debt (if it was even available at this stage), but it reduces much of our risk. And we know they're trying to secure "similar" alternatives for Sealion.

We've had enough dilution for now (510MM before refinancing, to 867MM by the time all the warrants are exercised - so 70%). I'd like to think there'll be no more until we're at least 15 quid by Xmas 2020 (happy with that chopy?)

[onedb1] 03/10/2018 15:47

It's common to have buyers on the side lines to try and fade momentum . But 52 week highs are the unmissable clue that the stock is in great health and Brent spot right now recovering from days lows post oil crude build in US ( seasonal refinery maintenance affecting crude stocks ) . In fact price is up now again 191 is the next weekly resistance . There is zip in between . With Brent spot over $85 ... I have charted every step support and resistance well for Oil and better for Pmo so am confident . An on the Daily the trend indicator ADX is at 24.9 . Highest in months . Means strong trend . Good for TA geeks like me . You have to go back to June 2017 to see RSI oversold too . Trend is good and strong IMO

[nav_mike] 03/10/2018 15:38

I dont think there is anything on the horizon that would need funding before Q1 2019, by which time PMO will have exceeded their debt reduction target, and the share price will be much higher

[fireplace22] 03/10/2018 15:26

Sealion? Some nice new assets in the far east appear fashionable? How are we fixed re Mexico. A rights issue to pay for a specific earnings enhancing project(ala EON)may be acceptable in the current climate. Especially as Sealion appears to be going nowhere anytime soon. Just musing.

[oilretire] 03/10/2018 15:19

Must be struggling to keep a cap on the share price before all this chitter chatter of a rights issue suddenly crops up ;-)

It's possible I guess, but I see it much further down the road, if ever.

What exactly do they need it for right now?