Harbour Energy Share Discussion Threads

[wbecki] 24/2/2019 17:43

"Https://www.thetimes.co.uk/edition/news/support-for-second-referendum-grows-7gnwpk90n

TODAY'S SUNDAY TIMES "


So what.
We've had the vote. For democracy to survive it must be implemented.

Given 24/7 project Fear since the vote in June 2016 the movement in the polls has been risible.

Expect civil disroder and worse if Brexit vote is not implemented.
I dont think you appreicate how angry the British populace at large is over democracy not being adhered to.

You only have to watch QT audiences to get an idea of how we;ve had enough at deluded anti british remoaners such as you that want UK govrerned by a foreign power...

There's a word for that...and you evidence it in spades.

Stop whining and accept you dont always get your way. Or expect to pay the price for overturning a demcoratic vote held with record turnout since mid 90's

[stansmith3] 24/2/2019 10:48

no, but the process to cancel brexit starts this week, so not all bad

[leoneobull] 24/2/2019 08:28

Https://www.thetimes.co.uk/edition/news/support-for-second-referendum-grows-7gnwpk90nTODAY'S SUNDAY TIMES Nothing on PMO

[asa8] 22/2/2019 17:19

Do one then

[nav_mike] 22/2/2019 13:58

Sorry but the defintion of a free market is not a share price being held in place by certain funds because it suits their 'strategy' to do so

[whiskeyinthejar] 22/2/2019 12:13

Crude traded in the green on Friday as investors remained optimistic that the United States and China will reach an agreement to end their ongoing trade dispute before the March 1 deadline. The world's two largest economies are continuing negotiations in Washington with Chinese Vice Premier Liu He set to meet US President Donald Trump later in the day. According to media reports, Beijing is preparing to offer the US a deal worth $30 billion for the annual purchase of American agricultural goods in an effort to end the dispute.

The oil prices were further supported by output cuts implemented by OPEC and other major producers with the goal to balance the global market, but the gains were somewhat offset by another reported increase in US crude inventories.

[lageraemia] 22/2/2019 11:29

Eh up lads, POO is off on another benny....

New high for 2019

[markymar] 22/2/2019 10:30

From Malcoms blog today Finally, I can't be the only one who noticed the Upstream Online article yesterday which quoted Premier Oil Senior Development Manager David Hartell as saying that he expected the FID on Sea Lion to be announced 'by the end of 2019'. With the arbitration and the Sea Lion FID potentially towards the end of the year, 2019 could end up being something special for RKH.

[eastender boy] 22/2/2019 10:02

Hi Prewar,
Thanks for the chart.
What does stand out to me, is that when Tullow are around the current position on the graph (74.4p) PMO have been between 100p - 120p at the same time, so that would suggest that currently PMO are underperforming to where they should be. my guess is it is something to do with finance with the possible chevron joint purchase.
Anyway the good news is in the short / mid term when all becomes clear there is a lot of catchup coming.

[seangwhite] 22/2/2019 09:34

The LSE BB has some interesting views on the Appollo scenario in relation to Zama and Chevron NS asset sale. Not much use to the likes of our own Marvin.

[prewar] 22/2/2019 06:20

Steve, what was summary of the posts on lse about apollo tie up?

[prewar] 22/2/2019 06:05

Hi onedb, thanks for the reply, my analysis was from the end of refinancing which was July 17 not 18 iirc. I'm only looking at the whole period not dividing it up. Maybe using the PCRD Etf for Poo benchmark isn't the best, embedded fees maybe.

I'd agree pmo share price would underperform vs poo since July 18, general rule of thumb, poo down, pmo share price down by a bigger %age and vice versa.

Essentially if you hold pmo you're taking a leveraged punt on sterling equivalent poo.

[steve73] 22/2/2019 03:22

Some interesting discussion yesterday on LSE about the background to the Apollo/Talos/GS etc.

Why don't we attract such quality contributors? All we get is Marge (and friends) complaining about TD and his monkey..!

[onedb1] 21/2/2019 23:11

Not sure I agree there Prewar

PMO has not out performed Brent in GBP since July 2018 .

See chart



It outperform only from March 2018 to Jul 2018 never really since , trend has been one way .

See chart for yourself . The other charts are not inline with PMO either

Chart is PMO/ (Brent/GBPUSD)

See if you get similar , use TradingView it has the best free interface ,

all the best

[prewar] 21/2/2019 19:52

free stock charts from uk.advfn.com



Hopefully this chart since re-finance (end of July 17) helps show relationship between PMO share price and Sterling POO (based on PCRD ETF). Also included TLW as a comparator. For me it shows as you'd expect PMO is highly leveraged to POO, this makes sense. PMO is highly geared and I would value the equity using a DCF of post-tax nominal cashflows including the debt servicing and repayment. A lot of the big cash outflows are relatively fixed so increases or decreases in POO will drop through (after any tax impact if any) to cashflows to equity holders. When the POO was really high late spring and summer 2018 then PMO share price went through the roof, would expect this relationship up or down to continue.

I did other charts with ENQ, and CNE and also from Jan 18, all pretty similar. PMO has outperformed POO, is broadly in line with TLW (had a very small divi I think) and outperformed ENQ and CNE.

[ggm5d] 21/2/2019 19:03

Keep buying I reckon -was this price when oil was 67 on the way down, do not unusual. GKP and others not moving either. When Brent hits 70+ this will rerate fast. US Trade deal with China soon

[asa8] 21/2/2019 17:42

When I spoke to Ir last week they said they all feel the pain as they all own shares difference is there all getting paid the times article. As done lasting damage here Pmo should have sorted this weeks ago