Harbour Energy Share Discussion Threads

[dealer1972] 15/11/2018 19:02

You can say that again..... oh you just did ;)

[bgwesley] 15/11/2018 18:48

Marv, RBonnier just mentioned a takeover rumour would make the shorters choke on their cornflakes.

He was also pretty accurate on where the price would go soon after its move south. And that it would hit 85p, then be an almighty, rapid move north. Got a pretty good crystal ball, there.

[marvinridesagain] 15/11/2018 18:30

What rumour?

Shorters are sewer rats in a suit?

Fact not a rumour.


Any mention of the output at Solan?

[bgwesley] 15/11/2018 18:29

Ok, so who's going to start the rumour... or did RBonnier just do it?

[marvinridesagain] 15/11/2018 18:23

PMO is nothing but an old western Cowboy stock.

Poor farmer buys in some cows hoping to make a living for his family; then the bad guys ride in and steals most but leaving a few so the old farmer can breed them.

When the poor old farmer manages to get to his stock to original levels; the bad guys ride back onto the farm and steal the same amount..

All this done whilst the Sherriff who is on the pay role, turns a blind eye.

YEHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!

Corrupt pile of POO in a sock!

[markymar] 15/11/2018 18:20

hxxps://www.malcysblog.com/

Premier Oil
Today’s update from Premier was very much more of the same, an excellent operational performance, despite a couple of irritating unplanned shut downs production is 78.4 kboepd up from 76.2 in the first half and the guidance for the year of 80 will be hit. Catcher remains a real star, over 70/- b/d is not unusual and contractual production rate is going up to 66/-b/d. Elsewhere Tolmount is going ahead fast with the rig construction due to start in Italy very soon and the Tolmount East appraisal well is scheduled for next year.

A rig has been signed for the Zama appraisal well and this should spud before the end of this month, Mexico will remain in appraisal mode for the time being giving Prems the optionality so many people like. Elsewhere there is seismic activity around the world coming up in Indonesia, at Tolmount, in Brazil and Mexico so the pipeline remains very positive. As for Sea Lion, activity continues, whilst the LOI’s are converted to contracts and many reports are written on a number of technical and environmental subjects there is still the matter of Governmental assistance and as can be imagined they are quite busy at the moment. However there is no divergence from the plans for Sea Lion despite the rather laborious nature of the process.

Debt is falling, the target of $300-400m is only dependent of timings of cargoes sold and the year end target of $2.4bn is perfectly achievable. (Think $400m at $80 oil, nearer $270m at $65) With the company generating decent free cash flow and with production solidly increasing the opportunities at Catcher,Tolmount and in Mexico give some room for further upside. Sea Lion is crucial to this company in the next decade and even at $65 is a surefire winner so must be pursued at rapidly as possible. Company opex stays at $17-18 and F/Y capex is down to $365 from a planned $380m also helping the numbers including of course significant debt reduction.

[nav_mike] 15/11/2018 18:17

RBonnier

I thought the shorters were your best mates and you had the inside track?

PS - Kudos to you for predicting the collapse (with info gleaned from who knows where)

[daler1966] 15/11/2018 18:04

Down she goes ....

[rbonnier] 15/11/2018 17:55

What would be funny if some bid story in the sector was to emerge or worse still for the shorters a bid rumour for pmo they wont be blooding the order book then with their selling thats for sure more like buying at any price remember they have to buy the shares back .

[marvinridesagain] 15/11/2018 17:35

If this is not the worst case of blatant share price fixing in the history of the FTSE and nothing is done to stop such corruption then there is no hope for its future.

Investment styles from the past are redundant; simply follow what the shorters are doing and buy sell accordingly.


They have gone over board this time with PMO and made it so obvious.

[montevid] 15/11/2018 17:08

PMO Major Shorters:

All appear to selling more!

Fund % short change Date changed
AHL Partners LLP 1.46% 0.14% 14 Nov 2018
Marshall Wace LLP 0.73% 0.13% 12 Nov 2018
Whitebox Advisors LLC 0.66% 0.08% 9 Nov 2018
WorldQuant, LLC 0.58% -0.02% 13 Nov 2018
Total 3.43%

[nav_mike] 15/11/2018 17:04

One snippet from that montone webcast done by TD is that Catcher's current production is over 70k bpd worth $2m net per day to PMO.

[asa8] 15/11/2018 17:00

This share should be suspended and Durrant should be in the Tower of London with may I feel like nicking a jcb and driving it through premiers doors that would get there attention

[dealer1972] 15/11/2018 16:52

I imagine most people's POO hasn't held up particularly well! Maybe that's why the Debenhams share price did so well today, so many soiled trouser replacements!

[leoneobull] 15/11/2018 16:47

Wow. My comment about 2.52 billion being a bit slow must have influenced the global investment houses? Anyway, a bargain price provided POO holds up.