Harbour Energy Share Discussion Threads

[manics] 17/7/2019 08:42

We'll be waiting another 18 months for Zama sale initiation imo.Will only explore sale on full appraisal - scheduled to end CY'20.

[s34icknote] 17/7/2019 08:16

Sell Zama and develop sea lion to speed things up Sicknote

[beatley] 17/7/2019 08:13

Opens down harder than Tullow and Enquest, not even a little boost from what is a good solid update. Market obviously wants to see more, time to get the 'For Sale' sign up for Zama.

[osirisra] 17/7/2019 08:06

Opens down, I know the POO took a large whack after close yesterday but,,,, you've got to laugh haven't you. It might not happen in the first half an hour of trade today but the quality is in black and white (and in the bank). PMO will shine, it's just a matter of time.

[onedb1] 17/7/2019 08:05

A good RNS and the hedge in place for H2 makes the reduction in debt target very likely given Brent would need to go below $62 to fall below the $65 level which is the base case for their debt targets . Clearly today post Pompeo's Iran comment we have to contend with some headwinds but PMO is doing rather well at current Brent values

[steve73] 17/7/2019 07:53

Debt reduced by 7.7% in H1, a further 7.9% if at the higher end of expectations.
Now well under 3x covenant ratio will give us a bit more control of our spending.
Catcher at almost 70kbopd (Gross) at over 99% uptime... Astounding performance.

Well done PMO..

When the shorts start to close this will really take off. (IMHO)

[osirisra] 17/7/2019 07:50

Debt down by $180 mil in the first half. Ahead of target of $300 for the year.
Price per barrel to market down from $13 to $12.
Production up 11% to 84.1 koebpd ahead of year forecast of 75-80 koebpd.
Many projects with significant milestones in near future (next few months).
Gearing on track to be below 2.3x by year end.
43% of remaining 2019 production hedged at $69
14% of 2020 production hedged at $66

I really can't see anything at all to be alarmed about. Quite the reverse, everything is going swimmingly. Importantly the real issue with PMO, the debt, is being addressed ahead of schedule. guidance was to reduce by $250/$350 mil this year and you don't need to be a maths genius to work out that if they replicate in the second half they'll reduce by $360 mil.

[ny boy] 17/7/2019 07:35

1000p by Christmas 😉

[onjohn] 17/7/2019 07:20

100p coming

[manics] 17/7/2019 07:07

Going very nicely. NOW MARK IT DOWN 10%.

[leoneobull] 16/7/2019 22:31

Pound down the toilet again. Thanks Brexitears. On bright side, optimistic about pmo results

[buywell3] 16/7/2019 22:20

OIL looks like it is weakening once more

Here is why buywell is negative on this stock



dyor

[lageraemia] 16/7/2019 21:29

Its just the small-handed orange vulgarian getting an ego hit on Twitter......before the API announces a massive draw after the hurricane shut-in in the Gulf of Mexico this week.

[nav_mike] 16/7/2019 18:50

....are we jinxed?

Oil dives $2 a barrel as Trump is suddenly all pally with Iran. The night before a PMO trading update - you couldnt script it lol

[abarclay] 16/7/2019 16:29

Ripe and juicy for 100p

[leoneobull] 16/7/2019 16:17

I've bought in for tomorrow. Both pmo and rkh. More fool me

[nav_mike] 15/7/2019 08:39

If that level of shorting mentioned in the paper is to be believed, it just shows how many funds must be operating below the 0.5% level - and are perhaps not keen to be noticed :)

[johnwise] 15/7/2019 07:56

Jul 12, 2019

Dow Jones At Record Price, Oil Up On Hurricane Barry

The US stocks went to the moon and back as the Federal Reserve (Fed) Governor Jerome Powell strongly hinted that an interest rate cut is imminent at his semiannual testimony before the congress.

[adg] 14/7/2019 16:49

Agreed - a run up could be harsh and aggressive if OP goes our way - I don't expect much from trading update on 17th so not anticipating any earth shattering numbers - more a steady as she goes. Good news that’s expected often is sold into so a mediocre update could well see us fly.
Anything to hurt the shorters would make my day, should be outlawed

[ed 123] 14/7/2019 16:49

Thanks, Steve73. Very kind. :-)

[steve73] 14/7/2019 16:46

you need to log-on/proceed as a "guest"....

[ed 123] 14/7/2019 16:43

Hi Steve73. I'm holding PMO and read this board (thanks to all posters). Could you say where you get the stock-on-loan data? The shorts at or over 0.5% only total 3.94% (from clicking on link higher up). Where do I look to see the almost 20% figure? Ta. :-)