Harbour Energy Share Discussion Threads

[onedb1] 19/3/2019 19:40

By the way there's been a further decline in the disclosed AHL short . Down another 0.09% now at 1.78% . Reported today as of yesterday .

[bgwesley] 19/3/2019 19:21

RE: GOLDMAN SACHS - The following are posts, courtesy of Grippa, on lse:


"Regarding Goldman sachs I rang Investor relations explaining I couldn't understand these RNS's they obviously don't know for sure but they THINK in layman terms this is basically Goldman Sachs buying shares for clients. Its complicated to understand for a mere mortal like myself but its a positive even though the average Joe like myself can not make head nor tail of the RNS. They think this is GS basically buying shares so they clients have PMO exposure!!! THAT WILL DO FOR ME!!! PMO investor relations are very helpful if ever you have any queries and are as open as they can be and not hard line promoting PMO their reassuring to speak to!!!"

"I also asked IR if there were any upcoming interviews and was told Malcy is interviewing in a few weeks time!! There have been on the road doing presentations to investors and have a few more planned for the next few weeks. I think were in a good company with good fundamentals and their doing all they can without being overly hyping in a sound energy kind of way!! I'm quietly confident here for the rest of the year at least!!"

"Even PMO can not guarantee this is defiantly whats happening but thats what they think is happening and they have always come across as open and honest to me!!"

[onedb1] 19/3/2019 19:14

Hi Pc I think it's a hedge . Long CFD at GS to make a short neutral and hedged . The short is now just protecting the profits The hedge could also be Pmo specific or something like factor specific like say short Beta . I could be wrong . The daily RNSs are I believe dynamic hedging . The position's delta needs keeping in balance . Something like that. I could be totally wrong .

[manics] 19/3/2019 17:15

90.00 your end of day UT!

[manics] 19/3/2019 16:09

Gimme dat 9X.XX UT.

[s34icknote] 19/3/2019 14:36

Trying to break 90 p !Sicknote

[patience a virtue] 19/3/2019 12:42

With oil going higher following Opec‘s decision to stick with the agreed cut, pmo’s current Market cap seems rather low, debt is reducing and future projects look decent. To get to Tullow’s level, we are looking at a share price for pmo at around 2 quid imv.

[markymar] 19/3/2019 12:19

Back in profit.....whoop whoop

[adg] 19/3/2019 12:13

Would it be fair to suggest an approximation of $1m per day debt reduction at current production/POO?

[moneybags] 19/3/2019 12:10

Lageraemia

For me (in the medium term) it is all about making enough money to buy my next range rover.

Aye, MoneyNotBrokeYetBags

[lageraemia] 19/3/2019 12:06

For me (in the medium term) it all about Tolmount......

The exploration upside looks really good which will extend project life and wring life out of the capex (which has been cleverly deferred as well). The boepd figures for Tolmount are also bingo balls I reckon.

It's a significant asset in terms of the wider UK economy and balance of payments.

In the meantime, POO and Zama-2 sidetrack could all bring home extra bacon.

The sauce in the bacon butty will be a better than forecast debt reduction in the next trading statement - even a little bit will help.

[colebrooke] 19/3/2019 11:35

Added this morning POO going for $70+ PMO and oil stocks in general have some catching up to do... meanwhile the debt continues to reduce here...

[seangwhite] 19/3/2019 11:29

Anyone want to bet on when Trump will tweet about POO. Let's hope Mueller gets his report out this week so as to give him some light reading for bedtime.

[lageraemia] 19/3/2019 11:01

Resistance is futile......

Mwahahahhhaaahhaaaaa

[s34icknote] 19/3/2019 10:22

Nudging 68 dollars !Sicknote

[johnwise] 19/3/2019 09:43

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Brent oil price exceeds $67 per barrel

[johnwise] 19/3/2019 09:43

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Oil Price Supported by OPEC Led Production Cuts

[jelenko] 18/3/2019 20:41

selling CFD's and buying shares

[porkchop15] 18/3/2019 17:33

Onedb, any view on what Goldman Sachs are up to in relation to PMO? There are regular rns’s about adjustments in their holdingd, but their significance is not clear to me.

Apologies if this issue has already been aired.

[onedb1] 18/3/2019 13:24

One last data point is the Dec 20 contract at 64.3 . Now I personally look at that data point as key to us . The higher the better as it's where Premier will hedge for 2020 production and Value investors ( if any out there ) correctly look at . At the moment the curve is in backwardation . So short contracts trading higher than longer ones . It's usually a bullish indicator for Brent . Or any commodity . Just need Dec 20 to nudge closer to $70 then it's really good

[onedb1] 18/3/2019 13:20

Should be happy that Brent Ytd average is now nicely over $63 ie a solid 18$ over the fcf breakeven . As long as operations do well then that is all that matters : a year to date increasing average and solid ops . I could add solid assets like ZAMA and project like our big gas field coming onboard next year . Still lagging below my early call of 100-104 . But at this rate it will retrace back to it . Hopefully this is the road back to it and more

[onedb1] 18/3/2019 13:14

No the way it works is simple . So ETFs are allowed to loan a certain amount of the stocks held . It's a percentage I can't remember now. So say the Index / Active desk or whatever they call it manages a load of passive funds eg a FTSE250 or Active let's say a SmallCap Growth etc and assume it's a physical ETF ie a BlackRock one not a derivative one like x-trackers then the Sec Lending desk is allowed to have x% to loan out . There is no cost to the fund / ETF toward to the Sec Lending desk lol . Sec Lending looks for managers who have an appetite to short and if so lend them the shares for a fee that in part adds performance ( tiny % ) to the original fund . That's it . My point is if Euroclear is actually only adding up the sec lending desks positions . Effectively being an 'available for loan ' and not a short . The FCA would surely have a much bigger position reported otherwise . As it stands it's just over 3.6% and falling . The Euroclear one would imply dozens of sub 0.5% holders . I somehow doubt it's the case

[steve73] 18/3/2019 11:22

1db, yes, I follow your logic, but if they're on loan, then I assume it's costing them "rent money", so they'd be be unlikely to loan too many of them them UNLESS they're being shorted...

I'm really not sure, but the SoL has always trended with the disclosed shorts (which of course are only for positions of more than 0.5%), but usually somewhere between 2-5x as many.. And it's the same for all the companies I follow.

There doesn't need to be many shorts of 0.49% to balance it out..

[onedb1] 18/3/2019 11:10

Hi Steve,Need to understand the difference available to loan vs actually used to short . If a Sec Lending has them available to short it's not the same thing as a short . I used to have the login for Euroclear I often quoted their figures but need to ask what definition of on loan they use .