Harbour Energy Share Discussion Threads

[adg] 09/3/2019 08:54

Andyp - please, what is your interest in PMO?

[jelenko] 09/3/2019 06:56

I think you should stop scaremongering AndyP.

[andypop1] 08/3/2019 22:36

Tabby,
Shorting manipulation does not exist, it is a BB myth used by the punters who frequent these boards and are under water.
Shorts are a symptom, not the cause.
It's worth noting another player broke cover yesterday reporting they had crossed the 0.5% threshold.

A company like PMO sees the shareholders, who are in the main PIs, as a soft touch. Their main priority is to keep the numerous creditors happy, in the past few years they have done this by offering equity to the lenders in exchange for debt and as sweeteners, big Tone’s words not mine, to accept the revised terms for the refinancing despite them receiving lucrative fees for the pleasure.

The most recent reports suggest Apollo may be involved with some kind of funding for acquisitions which will no doubt mean further dilution.

Let's hope they go down the route suggested by the ST, at least that way you will be entitled to your pre-emptive rights.

[buywell2] 08/3/2019 22:12

100ma about to cross the 50ma to the downside
If OIL slides PMO has a double whammy ride
On a slippery slope on a cold greasy slide

[andypop1] 08/3/2019 22:05

The special one (dB),
I hope they broke the mould when they made you.
Good to see you are focused on the declining US rig count, how's their production doing with the declining rigs?

To coin a phrase, commenting on one week's numbers is like saying the UK is 36 degrees all year round because it hit that temperature one day last summer!

See the below link for the full picture.

hxxps://www.worldoil.com/news/2019/3/8/bhge-announces-february-rig-counts

By the way, the oil price started rallying at 1500, a full three hours before the data was released.

What a ……..

[jelenko] 08/3/2019 21:48

Monday we'll be back over 80p. I hope. Bad Fridays normally mean good Mondays.

[oilretire] 08/3/2019 21:41

Meanwhile, typical!! POO recovers all it's days loss after the UK closed. Now back at $65.70 ish

[oilretire] 08/3/2019 21:39

Norway’s wealth fund has been reducing its Pmo exposure ( it owned 1.8%)

Curious, how do you know they've been reducing??

[onedb1] 08/3/2019 20:33

Guess we know who was capping the share price in the 70s . Norway's wealth fund has been reducing its Pmo exposure ( it owned 1.8%) I guess this strategic choice explains who was on the offer lately . Good news is they are most likely finished as I doubt they would announce a stake of 1.8% being sold and they start selling . Brent has mostly recovered today's dip probably due to the oil rig count falling once again ! Good news . Plus Permian rig numbers hitting a wall and falling back . They need a certain amount to replace current production and we are getting closer to that 'break even ' .

[tab27] 08/3/2019 17:33

How does shorting manipulation work by the way guys, anyone can break it down or got any video links that can help me understand the situation at PMO?

[tab27] 08/3/2019 17:32

Ffs why cant we even hit 83p?! Just touch it at least so i can breakeven and get the F out of this cursed stock.

[knowing] 08/3/2019 15:03

Taken a chunk off the table and entered PFC now

[eastender boy] 08/3/2019 10:38

Typical, just when good steady results and the share price looks to move higher, the oil price decides to drop away.
anyone know the reason this time ?

[johnwise] 08/3/2019 08:57

A professional analyst - an expert who studies financial data (on credit or securities or sales or financial patterns etc.) and recommends appropriate business actions

The Goldman Sachs Group, Bought.. 06 March 2019

[ny boy] 08/3/2019 08:35

The 80’s are coming back, get the vinyl out!

[frontdoor bull] 08/3/2019 07:13

Fill Fill Fill ur Boots.

[frontdoor bull] 08/3/2019 07:13

Fill Fill Fill ur Boots.

[johnwise] 08/3/2019 06:49

The London Stock Exchange is thriving despite Brexit

[johnwise] 08/3/2019 06:42

The company delivered record production of 80.5 kboepd (thousand barrels of oil equivalent per day). This helped to lift its post-tax loss of $253.8 million in 2017 to a post-tax profit of $133.4 million.

[oilretire] 08/3/2019 06:20

......Mr Durrant would not be drawn on the Chevron bid but did say Premier would consider acquisitions that would effectively boost production.

He said: “There is quite a long list of potential sellers at the moment and I don’t think they are coming to a head in the immediate future.

“It’s not the specifics of the assets but there are a number of obvious benefits in continuing to build the UK business.

“If we can obtain more barrels through acquisitions we will certainly consider it.

“There are more sellers than buyers at the moment and we think the North Sea is a great place to do business. It’s a place that you can definitely make money.”......



......Mr Durrant said: “Tolmount is still in the shade of Catcher but from a production point of view it is the roughly same size........



......With Catcher performing so well, Premier is now “turning its minds” to the satellite areas with two new tieback projects – Catcher North and Laverda – expected to be sanctioned in the first half of the year.

Mr Durrant said more will follow “in due course” but there is no point in doing them all at once as the Catcher floating production vessel is at capacity......



........A third production well is also planned for Solan, west of Shetland, which has long been problematic for Premier.

The field has been mired in delays and budgetary issues, and saw Premier take a £180m impairment charge in its 2017 results.

Despite this, however, the field has become a reliable asset, according to Mr Durrant, with the new well set to commercialise up to 10million barrels.

He said: “Despite its chequered history, Solan has turned into a very reliable and cost-effective platform.

“There are only 18 people on Solan and we’ve had very high rates of uptime.

“We do think there is an area of reserves that’s unexploited and we’re planning the well for Q2 next year which would commercialise five to 10 million barrels using existing infrastructure.

“We’re feeling pretty optimistic about it.”

[frontdoor bull] 08/3/2019 05:28

Fill da boots man.

[frontdoor bull] 08/3/2019 05:27

Fill Fill Fill ur Boots.