Harbour Energy Share Discussion Threads

[jelenko] 27/6/2019 18:06

maybe but every week we are reducing our net debt and that is not being factored in.

[adg] 27/6/2019 16:11

Fekk em i say steve

Value will out

It (nearly) always does

[steve73] 27/6/2019 14:53

jelenko.. little chance of a T/O with our debt... It's largely acting in our defense.

But as the debt reduces, then we'll be at risk of a cheeky bid, IF the share price doesn't move to reflect that debt reduction.

But of course the debt holders are trying to keep the share price down ayway.. if they can force a wind-up, then they inherit the whole kit and caboodle for a song.

I'm sure this is how private equity is slowly taking control of many public listed companies... and you can tell when they're active by the disruptive post on all the BB's.. If their constant whinging succeeds in persuading even just a few small shareholders to give up their investment, then they'll have served their masters well. The more small sell, the more pressure on the rest of us.

[jelenko] 27/6/2019 14:10

Not sure they need to sell Zama just because the share price doesn't reflect our own valuations. The share price is driven by traders who can't see beyond the end of their nose.
Selling Zama would make no difference to that in my view.

What we need as soon as possible is grater financial freedom to conduct share buy backs etc. Getting rid of the bond holders clearly hasn't done that. What this low valuation does is put us at risk of takeover.

[privileged] 27/6/2019 12:04

Only PMO could have gone negative briefly earlier on a decent reserves upgrade!!! Was hoping they may put out a quick update at same time on NS production and oil hedges, guess we'll have to wait for that.

[edjge2] 27/6/2019 11:47

In for another go. Iranians aint going away so sit on a few and wait top up if seems viable despite gold bull.

[knowing] 27/6/2019 11:46

Nice upgrade on the reserves. I see SIA also on the move so maybe a sector bounce ahead

[0rient] 27/6/2019 11:41

Goldman Sachs increasing their position size to over 7% if i read this right!! haha big boys loading up whilst the PI's sell..who would have thought that :-))

[seangwhite] 27/6/2019 11:03

Lets hope a PMO roadshow does work as just making a decent profitable business has not worked so far over the last year.

[privileged] 27/6/2019 10:23

Added also.

[jotoha2] 27/6/2019 10:12

On every historical comparison , PMO should be 90/98 pence ,in for another 100k.

[jotoha2] 27/6/2019 10:12

On every historical comparison , PMO should be 90/98 pence ,in for another 100k.

[whiskeyinthejar] 27/6/2019 10:10

But you know how creative PMO were with funding Tolmount. They may end up giving away some upside to service companies, but I think Premier can be the operator to develop all of the Falklands. A billion recoverable barrels in North Falklands basin.

BTW Durrant's bonus this year depends on him doing roadshow presentations to 170 institutions. It's in the annual report. So I'm sure he's doing it.

[beatley] 27/6/2019 09:45

The Falklands tax rate is low, but if we don't get the export financing the board will have to weigh up spending $1.2bln (our capex share + development carry) for 120mb against UK acquisitions where we'd pay zero tax and they'd be instantly earnings accretive. Zama being confirmed as a monster field certainly gives the board a few dilemmas.

[lageraemia] 27/6/2019 08:57

That's my type of maths Lee!

However, our Mexico tax credits aren't quite as attractive as the UK/Tolmount situation, and the Falklands Tax/Royalty take of 27% is less than half of the Mexico rate I believe so the economics aren't as straight as the development costs.

Sealion also opens up an entirely new basin so it front loads that to some extent.

[investordave] 27/6/2019 08:28

I see all the idiots are out again desperately selling to make a few pennies profit.

[benchmark] 27/6/2019 08:16

It will be interesting to see how Talos behaves post-2.30pm GMT

[sarkasm] 27/6/2019 08:01

Investomania



4 attractive resources stocks? BP plc, Glencore PLC, Tullow Oil plc and Premier Oil PLC
Do these resources stocks offer growth potential? BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Tullow Oil plc (LON:TLW) (TLW.L) and Premier Oil PLC (LON:PMO) (PMO.L)
June 27, 2019 Robert Stephens, CFA FTSE 100




BP plc
BP plc

The outlook for resources shares BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Tullow Oil plc (LON:TLW) (TLW.L) and Premier Oil PLC (LON:PMO) (PMO.L) may be somewhat uncertain at the moment in my view.

Challenges facing the world economy, notably the trade war between the US and China, could cause demand for a variety of commodities to come under pressure.

Still, I think the BP share price offers investment appeal for the long term. The business has adopted a strategy which I think could improve the quality of its asset base, with investment in Upstream and Downstream segments having the potential to catalyse growth over the long run.

Although BP’s short-term prospects could be volatile due to geopolitical risks across a variety of oil-producing nations, I feel its long-term appeal could be high relative to its sector peers while it trades on a P/E ratio of under 12.

Tullow Oil’s update released this week showed that it is making progress in delivering its strategy. The company is seeking to increase production, while also reducing debt in order to strengthen its balance sheet.

Since the Tullow Oil share price currently trades on a P/E ratio of around 10, I think it could offer a margin of safety at the moment. With further investment in its exploration activities, I believe it could enjoy improved performance over the long run.

Premier Oil may also offer good value for money at the moment. The oil stock has a rating of around 4, which is among the lowest I can find in the FTSE 350 just now. This suggests that investors are cautious about its future outlook.

This is understandable in my opinion, with Premier Oil lacking the financial strength of some of its sector peers. But with the business expected to reduce debt and keep a disciplined stance on costs, I think it could beat many of its industry peers’ returns in the long run.

Glencore’s regulatory challenges may hold back its stock price over the near term, while macroeconomic fears may cause investor sentiment to further weaken.

However, with the stock having a P/E ratio of around 7, I think it could offer good value for money. Glencore’s focus on ramping-up production of materials used in electric vehicle batteries could lead to a tailwind over the long run.

[s34icknote] 27/6/2019 07:57

Back to the eighties on opening !Sicknote

[manics] 27/6/2019 07:57

Tipped in Tempus (The Times) yesterday, FWIW.

[molatovkid] 27/6/2019 07:56

Anyone holding off until the RNS now has a clear run....