Harbour Energy Share Discussion Threads

[deanroberthunt] 15/11/2018 10:37

might as well just take it back to 19p...now almost 100% back to intraday high of year....all lost in a matter of weeks

[asa8] 15/11/2018 10:25

What a dog this share is let’s sue the board’soon there will be no private investors left in the stock market no commission then for the brokers bring it on

[dealer1972] 15/11/2018 10:21

I see Peel Hunt have reiterated Buy recommendation today ;)

[husted] 15/11/2018 10:21

Bloomberg says that its the banks shorting oil that really deepened the oil price plunge.

They shorted to offset the risk they have to oil producers hedges.

So it is possible that the banks that provide hedging to pmo are shorting the stock.



"Goldman analysts blamed the rout on a combination of momentum trading strategies, and selling from financial institutions which had helped arrange hedges on behalf of oil producers. Goldman is itself one of Wall Street’s top commodity banks."

"Goldman didn’t single out any producers that have locked in their oil price exposure, but there are only a handful of hedging programs large enough to trigger wild market swings.

The first is the Mexican government oil hedge, the largest sovereign program to protect oil revenues and the largest derivatives deal of its kind on Wall Street. The second is the hedging activity of U.S. shale producers."

[badger60] 15/11/2018 10:19

What's even more embarrassing are the broker forecasts......

[qs99] 15/11/2018 10:19

anyone got any recent broker comments on this?

[husted] 15/11/2018 10:18

Montevideo, forget market makers, this is a SETS stock. Buyers and sellers bypass market makers.

Institutions often short shares they hold if they don't want to sell (bullish in long term) but are bearish in short term.

I don't think that's the problem here though.

[dealer1972] 15/11/2018 10:16

Couldn't agree more Fitton ;) where else can you sell something you don't own. Guy next door to me has a lovely Jag, might go sell it. Short term noise though, they'll buy back soon, fundamentals will out! As long as not on margin call, all will be well in the end ;)

[fitton] 15/11/2018 10:06

Well, I have been trading this share for the last 3 years.To be fair I have made some good money and lost some good money.To me thats not the point.It is impossible to make a sensible investment decision when you have shorting happening to the extent it is with this share price.How many very experienced investors would have given todays update the thumbs down and sold into this market.How many? Taking all the fundimentals into account. I am sure I will get the usual response, don't invest in PMO.The fact of the matter is that I have purchased shares at highs and lows and currently I am looking to excit this investment at sensible money.There is no arguement what so ever for shorting.The stock market should be a level playing field, end of story.If fund X have £2m to invest in PMO then they should be able to go into the market and buy £2m of shares.If fund X have 2 million shares in PMO they should be able to go into the market and sell.At the moment fund x can sell 2 million shares they don't own, costing a fraction of the actual price per share.They have a spare £2m to play with, meaning they may well be able to sell 10 million shares they don't own.Fantastic if you are a hedge fund, huge power.There is absolutey no way private investors can deal with that power.Just my point of view.Its always been the same, its not a fair playing field and maybe private investors should be baned from investing in companies that are being shorted

[deanroberthunt] 15/11/2018 10:05

must have been a great update, now -4% after already falling from 145p to 94p!!

[petecb1] 15/11/2018 09:28

I agree if there's activities happening that are illegal they should be investigated and stopped, but I don't see any evidence of that here, and if there was, it certainly wouldn't be from the highly regulated and scrutinised funds

[onedb1] 15/11/2018 09:23

I do though feel that the update is good . Brokers may update on their views . Remember we had RBC view of 230 and others at 180 and 140 . And this RNS came very much in line with expectations . Which was actually in my view very good as catcher doing very well and ZAMA is due this month . No negative surprises and Brent is doing well today too

[eentweedrie] 15/11/2018 09:14

you just have to grin and bear it - it prob will get to the 80's again but will then be a massive top up oppultimately this will be back to 140 in the next few months imo

[petecb1] 15/11/2018 09:13

Lol I wish I was a scumbag sewer rat shorter . Sadly I'm a fooling buyer

[investordave] 15/11/2018 09:08

Scumbag shorter sounds better.

[privileged] 15/11/2018 08:58

Does seem mad that all the other oilers I'm watching are 1% or more higher today but this down on good results with no disappointments and hopefully a little conservative on their EBITDA estimates.I see it as buying opp... The only thing is I've been doing that for the last 30p already!

[deanroberthunt] 15/11/2018 08:58

still can't work out why TLW is value at nearly £3bn

[bgwesley] 15/11/2018 08:56

Petecbi, kind of you to visit... don't leave it so long, next time! lol

[marvinridesagain] 15/11/2018 08:53

Your obviously a sewer rat shorter

[onedb1] 15/11/2018 08:52

Think the update is good . Not sure why price is down . Algos having fun . Remember around 60% of equity trading is algorithms these days .I thought the RNS had lots of positives including good hedges which give me confidence going into 2019. Debt coming down despite the many investments made across the assets . It's clear to me they can't plough all the cash to reduce it straight away as ZAMA , Tolmount , etc etc all require spending too . Important thing is the 3x Ebitda in line with guidance . I think Ebitda is going to be higher . Felt they may have been very conservative here .