Harbour Energy Share Discussion Threads

[andypop1] 07/3/2019 23:53

Oilretire,
If you look on the EnQuest board you'll see it for a fourth time!
It doesn't show on my tablet or phone.
Any views on where I have gone wrong?

Becky,
Can you help?

Similar Capex this year, higher Opex ?

[wbecki] 07/3/2019 23:43

He didnt want you to miss it Oilretire :)

[oilretire] 07/3/2019 23:38

well I'm seeing the post three times.......

[frontdoor bull] 07/3/2019 22:12

150p real soon, fill ur boots.

[seangwhite] 07/3/2019 18:49

Today's close gives us an share price that's still 45% down on the 52 week high after what seems like a good update. Let's hope for a more favourable response in the coming weeks.

[ggm5d] 07/3/2019 17:56

BUY @ 77.9 British Bulls: Let's see 80's tomorrow!

[montevid] 07/3/2019 17:34

Banning is certainly a way to go and would need to be extended to all stocks outside the FTSE100.But a system requiring full disclosure of Financial institutions providing shorting facilities and requiring them to obtain the consent of, and disclose the name of, shareholders allowing shorting of their shares held would be a more powerful tool.

[johnwise] 07/3/2019 16:46

The London Stock Exchange is thriving despite Brexit

[manics] 07/3/2019 16:38

79.5p your end of day UT.

[moneybags] 07/3/2019 15:19

Patience A V,

Yes, A good set of results.Better than I thought they would be.
Still holding

Regards ,MoneyGoPumpSomeOilBags

[lageraemia] 07/3/2019 14:26

That would have to be SOME Zama news Sean......

Fundamentals and details specific to PMO have ZERO influence on the share price. It's all about 'sentiment' don't you know.

[ny boy] 07/3/2019 14:17

Should reach that even without that news, results were positive and bargain hunter investors are returning st these levels.

A close above 80p, would be bullish

[seangwhite] 07/3/2019 13:59

We just need Zama news in the next week's to go to 100p

[ny boy] 07/3/2019 13:34

Algo bull-bits starting to come in now, sensing a big move in the breakout

[patience a virtue] 07/3/2019 13:29

Very good results, great listening to the presentation. Onwards and upwards!

[deans] 07/3/2019 13:24

Steve thanks for the link and the calculation on split between oil and gas.

Geordy followed company since 1983 when we had 'Consolidated' in name. Attended AGMs in the 1990's when Roland Shaw was exec Chairman/ CEO. Ball & Collins new one to me!

[412069] 07/3/2019 13:24

Part of the problem here,and many others is shorting.....false market serve traders/big boys.

[johnwise] 07/3/2019 12:26

The company has a sound overall strategy that appears to be working well.With a single-digit P/E ratio able to command a higher valuation.

[steve73] 07/3/2019 12:20

2018 total production was 80.5kboe/d, or 29.3 MM boe/yr. Sales Revenue was $1438MM, so average sales price was just $49/boe. Just $4/boe above the quoted breakeven - or $116MM of FCF, excl. disposals.

The Oil was sold at $63.5/bbl (post hedges), so total sales were at 49/63.5 or 77% of post hedge average oil sales price.

For 2019, 40% of Oil is hedged this year at $69/bbl. Gas hedges are higher than last year. If we assume the total sales again realize 77% of hedged oil price, then average sales price could be around $53/boe, or $8/boe above BE ($45/bbl), giving some $224MM of FCF to pay down debt during 2019.

Obviously, if our breakeven is lower, or the sales price of the unhedged oil & gas is higher, then our FCF increases... All other things remaining equal.

[ny boy] 07/3/2019 12:17

Oil up 1% now, improving share price here, let’s see if we can close over 80p this week.

[geordy2] 07/3/2019 11:54

Even if they only get 50% of Catcher it still means that they have declining production, I remember a few years ago before Encore had even appraised Catcher , PMO were pontificating about raising production to ~ 100k boepd. By the way I have watched PMO ever since the days of Roland Shaw, when the company was originally named Ball & Collins. Anyone care to guess when that was ?

[steve73] 07/3/2019 11:47

bp... post ...993
Oil was sold at $63/bbl average post hedge (hedges are higher this year), and not all of our production is oil... around 65% IIRC (without going into the details) - the gas sells for a lot less (I'm struggling to convert from p/therm or $/mmscf to $/BOE).... but less revenue than you have assumed.

Need also to consider interest on debt, and tax in your simple balance