Harbour Energy Share Discussion Threads

[nav_mike] 15/11/2018 15:20

Jeez wept...the oil price is recovering and yet the selling in PMO is accelerating

I think I will cancel my Level 2 SETS subscription, as all it helps you see is the market in PMO is totally utterly rigged

These sellers are flooding the book with seemingly no regard to fundamentals

[eentweedrie] 15/11/2018 15:15

lol buy and hold while there is blood on the streets...

[legg96] 15/11/2018 15:08

It`s been a difficult year to make money as an investor. We now have a huge financial sector around the world which has to generate profits one way or another and staff who have become accustomed to large bonuses. In this world volatility is essential. There is an absence of ethics. The market maker, the trader (who must go long and short) all work for the same firm and have a good idea of what the house strategy is at any particular time. Fundamentals do not count for much at any point in time. The private investor is a vanishing breed. What a surprise. At some point this flawed system will suffer a most serious reverse.

[jelenko] 15/11/2018 15:07

They are missing the point. to come in at 80k per day for the full year the second half has to come in at 85k per day. In my view there are plenty of reasons for PMO to outperform. The full year revenue is likely to be £1.5b+ The market cap is not normally much below that, and in some cases well above, a £1.5b market cap is somewhere around £1.80p. That's not bad and at the very least where I expect it to be
this time next year.

[investordave] 15/11/2018 15:04

Try as hard as I might, I still can't get my head around the fact that most of the damage being done to the PMO share price is caused by organisations/ people who don't actually own any shares in the company or give a toss about it. And the losers are those who have invested their hard earned money to buy shares. When you think about it in the cold light of day it seems scandalous.

[nav_mike] 15/11/2018 14:36

Absolutely speechless at todays events - as someone posted earlier, lets just mark the shares at 1p as thats what these scumbags would like

Cant find any decent broker comments, only this one which seems rather uninformed

1244 GMT - Premier Oil faces pressure from falling oil prices, says BMO Capital Markets after the North Sea oil producer cut full-year production guidance, hitting shares by 4.9%. BMO notes that full-year guidance is now expected to come in at 80,000 barrels of oil equivalent a day, from up to 85,000 previously. "The headline is a reduction to production guidance, though deliverability at Catcher looks strong and the development/appraisal pipeline is progressing," the brokerage's David Round says. "We remain neutral as we believe it is challenging for Premier to outperform with a weakening commodity price, though at our Brent forecast of $70/bbl, long term the shares look [to be of] good value." ([e-mail])

[frankmcalorum] 15/11/2018 14:03

Premier Oil (LON:PMO)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report released on Thursday.

A number of other equities analysts have also recently commented on PMO. UBS Group reiterated a “buy” rating on shares of Premier Oil in a research report on Friday, November 2nd. Berenberg Bank assumed coverage on shares of Premier Oil in a research report on Thursday, November 1st. They issued a “hold” rating and a GBX 140 ($1.83) target price on the stock. Investec decreased their target price on shares of Premier Oil from GBX 135 ($1.76) to GBX 130 ($1.70) and set a “hold” rating on the stock in a research report on Friday, July 20th. Barclays decreased their target price on shares of Premier Oil from GBX 170 ($2.22) to GBX 165 ($2.16) and set an “overweight221; rating on the stock in a research report on Thursday, August 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 225 ($2.94) target price on shares of Premier Oil in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 146.50 ($1.91).

[deanroberthunt] 15/11/2018 14:01

TLW reported 2day, up 2.2%

[adg] 15/11/2018 14:00

One positive amongst all this chaos - I genuinely don't think there are any skeletons in the closet so to speak...
Everything out in the open and for those that can wait more than a millisecond there may be an easy 2 bagger if not more in the medium term!

[markymar] 15/11/2018 13:47

Peel Hunt just put a Buy rating out

[onedb1] 15/11/2018 13:37

RBC and BMO analysts seem to have positive views on Premier . Just read some of the Q& A's Weird reaction . 30% hedged at 69 next h1 and 72 H2 ! Nice

[eentweedrie] 15/11/2018 13:21

brent/ wti up...

[southseasbubble] 15/11/2018 13:12

Relax, everything will be ok...

[onedb1] 15/11/2018 12:53

Current Ebitda to market price is equally stupidly low . Think this just becomes a period of doubt and self fulfilling prophecy . Herd goes all negative but numbers not substantiating the fall. Something with a debt to Ebitda ratio at 3 is not worth the same as at 4.5 . I mean this is basic stuff . I didn't read about revenues and RNS in detail but at a glance I am struggling to see why the negativity .

[deanroberthunt] 15/11/2018 12:31

working off 1 x EBITDA.....irrational, it's just rigged

[onedb1] 15/11/2018 12:26

Ridiculous : priced like we were at 4.5 * Ebitda .. come on fundamentals followers you should point this out . Priced lower than in 2017 ... how the hell is that even possible ? Madness

[eentweedrie] 15/11/2018 11:09

this really just doesn't make sense. added more at just over 88

[privileged] 15/11/2018 10:57

They are pumping their market cap worth of oil every 5 months... (yes I know that's a silly comparison but nonetheless...)

[deanroberthunt] 15/11/2018 10:54

I'm giving it up and going to live on a camp site down Cornwall, one of those pre fab builds they do....get one for £40-50k....and you can now stay on the site all year round....have a vegetable patch and flip burgers

[privileged] 15/11/2018 10:54

WTF imagine if the update was bad l

[investordave] 15/11/2018 10:52

It does beggar belief. Everything is rigged to go against the average PI. Makes you wonder why any of us bother.

[fitton] 15/11/2018 10:41

I have been trading shares for 25 years but I can't actually believe my eyes at the moment!

[marmar80] 15/11/2018 10:37

Oil turned blue now