Harbour Energy Share Discussion Threads

[johnwise] 07/3/2019 08:52

Goldman Sachs Asset Management analysts will have gone through this company with a fine toothed comb before they increased their holding

[american idiot] 07/3/2019 08:52

No tears from me Johnwise :-)

I wish Premier (and shareholders) all the very best. I made a solid five figure gain here in 2017 / 2018 and still track the share very closely.

Just pointing out that from production alone on record production and an average of $67 / barrel in 2018 it still wasn't enough to reduce their debt pile at all.

There will be interest savings in 2019 of probably $50m but with no CB conversion to rely on I guess theres two ways to balance their books in 2019.

1) Asset disposals

2) Asset purchases by issuing new equity

Maybe PMO might offload Zama ?

Maybe PMO might just buy those Chevron assets ?

Maybe PMO should do both :-)

[prewar] 07/3/2019 08:52

AI, look at the CFS and associated note (11), all the answers of how net debt has been reduced are there for all to see.

Chunky capex in H1 of 2018 is maybe what you are forgetting about. Looks like a similar picture for 2019, 300m capex but expected further net debt reduction of c250-350m in 2019 outlook section.

[s34icknote] 07/3/2019 08:46

What's the eps on this one now ?Sicknote

[steve73] 07/3/2019 08:45

stan.. adg's been around much longer than Marge..

I was gonna make the same point that TD didn't rubbish the ST report.. so he was partly responsible.

but it was interesting to note that no mention was made in todays report..

[johnwise] 07/3/2019 08:38

American Idiot

Watch your tears don't drop into your coffee

You should have bought when Goldman Sachs Asset Management bought 3 days ago

[stansmith3] 07/3/2019 08:33

pmo of course confirmed they had not made a firm decisionthey could have rubbished the report there and thenso adg is the new marvin?

[onedb1] 07/3/2019 08:31

No surprises and confirms my bullish view . Still long still same 70p average . Am happy to see this re rate as indeed I have called Pmo to take the 200 moving average back much like many peers in sector have already . Am long the sector . I feel breakeven prices have lowered for some companies as they have had to become leaner and reduce capex too .

[whiskeyinthejar] 07/3/2019 08:29

This is new:

"Subsequent to the year-end, in January 2019, a further US$100.3 million of the Group's RCF debt facility was cancelled by Premier, which will result in reduced commitment fee costs for the Group in 2019."

[johnwise] 07/3/2019 08:23

2019 Outlook

"Production guidance of 75 kboepd, a 5% increase after disposals; 89 kboepd year to date"

"Cash margins expected to be 30% higher at comparable commodity pricing "

[adg] 07/3/2019 08:20

Really should be over or around 100p
That gimp at ST should be prosected for being implicit in insider dealing/manipulation

[stansmith3] 07/3/2019 08:11

chutesprice tells all..but keep taking the pills i see definite improvementalso, onedeuchebag has a shoulda/woulda/coulda board over on enq for dreamers

[lageraemia] 07/3/2019 08:10

Ammu only posts negative things old chap.

[montevid] 07/3/2019 08:09

Pathetic opening price. Price manipulation.

It should be a requirement that market maker's/ shareholder nominees providing shares on loan services should be required to get shareholder consent from those who beneficially own the shares and this should be published information so the identity is clear of those the financial institutions and pension funds allowing such practices. I am sure pensioners would not be best pleased to hear their pension funds are contributing to shorting practices.

[nav_mike] 07/3/2019 08:06

....also these accounts are as of 31.12.18 - we already knew debt was $2.3bn

[johnwise] 07/3/2019 08:05

Today, continuing the firm’s tradition of excellence, Goldman Sachs Asset Management (GSAM) serves the investment management needs of preeminent institutions and individual investors worldwide through institutional strategies, mutual funds and subadvised portfolios. With more than $735 billion in assets under management across geographic borders, investment styles, and asset classes, GSAM ranks among the top 15 asset management firms globally

04/03/2019

[oilretire] 07/3/2019 08:02

Ammu, debt reduction is.............ahead of the plan agreed with our lenders.

[johnwise] 07/3/2019 08:02

The quality of the De Ramping is disappointing

[oilretire] 07/3/2019 08:00

Zama 2 & ST looking good

[jelenko] 07/3/2019 07:58

It will this year.

[ammu12] 07/3/2019 07:56

Why is debt still at 2.3b. I would have expected it to have reduced a bit more? Reduction of debt seems to be the concern here

[american idiot] 07/3/2019 07:52

Strip out one off asset sales and the proceeds from the CBs and debt has hardly reduced through operational performance despite higher oil prices in 2018 ?

I havent time right now to do the calculations but will do later in the day.

Hope you all get a nice blue day today :-)

[johnwise] 07/3/2019 07:36

07 March 2019

Premier Oil plc (Premier)

Full Year Results for the year ended 31 December 2018


Tony Durrant, Chief Executive Officer, commented:

"2018 saw higher production, positive free cash flow and a return to profitability. The Group is ahead of plans to restore balance sheet strength and remains focused on consistently delivering free cash flows. Growth projects such as Tolmount, Zama and Sea Lion, together with promising exploration in Mexico and Indonesia, are being advanced within a disciplined financial framework."

More

[chutes01] 07/3/2019 07:34

The RI article was leak to a known journalist by a competitor Co involved in asset bidding
Hence sharp fall in sp
Dirty business
These should be over £1