Harbour Energy Share Discussion Threads

[onedb1] 22/8/2019 09:14

Same . Curious to see ZAMA valuation

[patience a virtue] 22/8/2019 09:06

Good progress and happy holding. Onwards and upwards.

[steve73] 22/8/2019 08:50

gtaval.... The hedging is excellent. I can't recall how much we had hedged at the start of the year, but to have added (I'm assuming) 2.2MMbbl for 2020 at $66 when the spot price has hardly been that at all in H1 shows some very shrewd moves.

As well as reducing our debt, they have reduced headroom - this is the first time I've seen them mention this (although I may have missed similar statements previously). This suggest to me that they no longer see any need to maintain this.

And with the covenant ration now well below 3x EBTIDA they will have much more flexibility in how they manage their financial affairs, rather then being at the mercy of the debt holders.

Onwards, and providing the oil price plays in our favour, almost certainly upwards.

[ny boy] 22/8/2019 08:42

All velly nice today, makes a change not going down, onwards to test 112p resistance in Q4. (MSYS) next to move up on the interims in a week or so

[oilretire] 22/8/2019 08:17

Sealion farm out would be great news.I guess 20% up for grabs to a mid tier or if someone bigger comes sniffing I could see a dual pmo/rkh farm down and a new operator.Or a mix of the above.......

[0rient] 22/8/2019 08:11

That’s a great set of First half results full of positives..deserves a much better response but it will come for sure 👊🏻👍🏻 Happy holding these

[crystball] 22/8/2019 08:10

A very interesting update today from PMO. I think the chances of the development of Sealion are much increased now. Zama was an amazing discovery. It will be interesting to see how much interest there is from potential buyers and the price that is realised. It would be a very handy way to accelerate debt reduction. Also farming out some of Sealion would help too. The Alaska interest is a surprise also. I hold both PMO and RKH and feel more optimistic now we can discern the direction and priorities PMO have.

[johnrxx99] 22/8/2019 08:06

Steady as she goes.

[johnrxx99] 22/8/2019 07:59

Steady as she goes.

[gtaval1] 22/8/2019 07:52

That's a lot of oil hedged at a much higher price. Another great update from PMO.

[ny boy] 22/8/2019 07:46

All seems to be improving, I will stay invested here.

[adg] 22/8/2019 07:45

I’ve heard suggestions from $250m to $500m for Zama - what’s your thoughts?

[spacecake] 22/8/2019 07:44

Putting Zama up for sale for debt reduction, sound idea.

[adg] 22/8/2019 07:29

Yes I can’t see any obvious negatives there, all is good, all looks rosy...
So as that’s the case what’ll the drop be today?

[molatovkid] 22/8/2019 07:20

A lot of positives in that RNS....should be good for the price

[fireplace22] 22/8/2019 07:12

'For sale' sign goes up on Zama:

[ny boy] 21/8/2019 17:08

Back to PMO, nearly in profit but I will hold for this leg up to test 112p resistance.
Nice to see (MSYS) finally taking off before the interims.

[deanroberthunt] 21/8/2019 15:07

EU = the 4th Reich

[seangwhite] 21/8/2019 15:05

Good see the way 'dean' owns the BB. It is rare to find such eloquence on the ADVFN BBs and PMO should look at taking him on for IR.

[deanroberthunt] 21/8/2019 14:52

whatever I am or aren't, I just tell the facts.

[galeforce1] 21/8/2019 14:43

deanrobert - you cannot possibly be as stupid and unpleasant as you make yourself sound.