Harbour Energy Share Discussion Threads

[deanroberthunt] 22/11/2018 15:40

it's losing 5-6%+ every single day....12-13 days on the trot

[maximus57] 22/11/2018 15:35

Theres got to be something seriously amiss here, this cant be just down to drop in poo. Its been too steady downward for too long. Raises concerns

[deanroberthunt] 22/11/2018 15:35

a rights has nowt to do with being strapped for cash.....just the best way to raise money

[dealer1972] 22/11/2018 15:29

Talk of rights issue just doom mongering again! At $63 a barrel they're making what $46 a barrel on 90k boepd? That's a lot of cash a day! If they were strapped or under pressure the bonds wouldn't be trading at face value!

[whiskeyinthejar] 22/11/2018 15:25

I didn't say there will never be a rights issue. The rubbish I was referring to was the rather libellous comparison to Afren where the CEO and CFO were convicted of fraud.

In fact a placing that enables Sea Lion might be on cards, but it should be accretive to shareholders because they'd be choosing to do it to progress the project and getting SL to first oil would add so much value to the company.

[dealer1972] 22/11/2018 15:25

Needs an ovaltine

[dealer1972] 22/11/2018 15:25

Well that's 100% profit for 3 yr wait, cool!

[eentweedrie] 22/11/2018 15:24

seriously, you need to calm yourself dear

[deanroberthunt] 22/11/2018 15:19

should be back to 147p sometime in 2021, at the usual rate of climb

[deanroberthunt] 22/11/2018 15:11

Rubbish at ENQ as well...and guess what.

[deanroberthunt] 22/11/2018 14:51

I'm going for a rights at 60-70p....hopefully not worse!

[deanroberthunt] 22/11/2018 14:47

PMO is in complete disconnect to all it's peers.....so something is going on...and it won't be good for private investors.....get the KY ready

[squareloss] 22/11/2018 14:43

The price action does suggest a rights issue is coming but it doesn’t make sense unless that’s the only way they can progress Sea Lion? With the cash flow from current production we can’t be anywhere near breaching banking covenants can we? The price now is getting very tempting but things just don’t smell right...

[yasharsad] 22/11/2018 14:21

Afren was a FTSE 350 company. See what happened to them?

[deanroberthunt] 22/11/2018 14:13

carries on at this rate forget FTE350, be on AIM

[deanroberthunt] 22/11/2018 14:01

as with nearly all British mgt, if not all, and our MPs et al....bereft of ideas and inept in the face of impending doom

[whiskeyinthejar] 22/11/2018 13:57

I think Enterprise Value is better way to look at value than market cap. Because anyone who buys pmo takes on net debt as well as the equity.

So the value of the company hasn't halved and doesnt need to double to get us back to 140p.

More importantly, I think the share price SHOULD be rising every month as the nebt decreases (and therefore EV) decreases every month.

Because currently the Enterprise Value that PMO could theoretically be snapped up for (market cap + net debt), is falling rapidly as BOTH net and market cap are decreasing.

[privileged] 22/11/2018 13:57

I just think management need to concentrate on keeping production at 90k+ and the opex where they have guided to, then give clear evidence of debt reduction at least every quarter or even more regularly as and when they receive cash for any previous asset sales etc

Assuming good Zama drill maybe some options around that if needed. I think the share price really doesn't reflect the possible value here or at least I hope so.

[deanroberthunt] 22/11/2018 13:53

it's a shame that it's unattractive for a suitor, as I'd take 120-130p now...and get into something more stable, and less open to blatant manipulation, without challenge...

[ziblot] 22/11/2018 13:44

You are obviously joking, but a rights that could reduce our debt may well stop the shorters from attacking the stock.

[deanroberthunt] 22/11/2018 13:38

probably going to finish us off now with a highly discounted rights....