Harbour Energy Share Discussion Threads

[dickiebird2] 25/3/2020 07:52

Could go into the 20's today (you never know) !

[andypop1] 25/3/2020 00:50

Virtue,
Demand has fallen off a cliff, India locking down for three weeks won't help.
Europe, the UK and the States pumping unheard of amounts of cash in, cash they can't afford, will only hold oil up short term.
The world was awash with oil before the China virus hit, add to that OPEC and Russia threatening to open the taps next week, it could be argued oil is currently overpriced?
The unaudited accounts show the available cash and undrawn facilities, do the maths.

Night all.

[patience a virtue] 25/3/2020 00:03

Andy, do you really think that oil will stay at this low price for a long time?
Also how can you be so sure that pmo will be in admin by July? A reminder that 40% of the 1st half production hedged at $64.

[andypop1] 24/3/2020 23:44

Marky,
You keep banging on about the company trying to put current shareholders' minds at rest but they clearly stated they would be cash flow neutral if the oil price was $35 for the rest of the year.
You need to understand that cash flow neutral does not include interest and amortized costs associated with the mountain of debt the company has.
At $35 oil they would be making a loss on every barrel they produce, what's the current oil price?
If the sale agreement goes through for the ageing North Sea assets they will inherit this year's losses on those assets and shareholders will get diluted to extremes only witnessed on the casino known as AIM.
If it doesn't go through how on earth will the management persuade lenders to not only extend the debt but give the company facilities to increase the debt to cover operating losses?
Laserdisc suggested the company has sanctioned the spending to fix Solan with resources ready to depart, Solan should be abandoned, don't throw good money after bad when you can't afford it.

Off topic but relevant given the testing times we are living through, is it right that 10% of those employed in the UK should be exempt from the lock down (I appreciate those in the public sector fighting this everyday probably amount to more and I thank you for your efforts) but instead are expected to work on construction sites that are struggling to replenish basic hygiene products?
The operatives travel from many different areas, work on other sites, so cross contamination is inevitable.
I understand most are self employed but the government could deal with that at a later date.
Boris is doing a great job, let's hope he does the right thing.

Good luck all.

[stansmith3] 24/3/2020 20:01

adgonly 600% to go

[adg] 24/3/2020 19:48

Stan PM me

[stansmith3] 24/3/2020 14:38

markymarhopefully this experience will make you a better investori think adg and fartinthejar are beyond help

[crystball] 24/3/2020 13:52

Simply awaiting the court case outcome.

[big brother8] 24/3/2020 12:14

BIG BRUV MUNCHING SHARES ALL THE WAY TO 25P-30P. I CAN EAT A FULL HORSE. YOU WERE WARNED KOMMANDANT ANT ARMY IS MARCHING NORTH.

HOPE THIS HELPS


BB8
IN BB8 WE TRUST

[gtaval1] 24/3/2020 09:17

Four men on horses.

[advfn137] 24/3/2020 09:10

Looks like a bit of a nothing day again. What will cause this to drop a lil so i can get back in?

[laserdisc] 24/3/2020 08:19

shipwatchers
Transocean Leader could be ready to move AHV's are in Cromarty firth this morning
Drilling Activity The Transocean Leader will move to the Solan P3 location probably to the the end July.
Surface Location: will be 60°03.590’N 03°59.567’W
vessels to watch
AH Varazze, Boka Pegasus ,ALP Striker

[stansmith3] 24/3/2020 08:10

markymaryou can call me anything you likeim not down 80% on pmo with a chance of it being 100%keep listening to onedb he needs bag holders like youenjoy

[markymar] 24/3/2020 07:58

Big brother is on filter Andy as does not contribute in any way to this board,yourself you make some good points and worth reading but yesterday post PMO going bankrupt when they have clarified there position just misleading and scare mongering Goal post moving the whole time and you adjust to the situationWe are all in the same boat today and all in uncharted waters as nothing like this has happened like this in my life time beforeBe safe everyone

[ekuuleus] 24/3/2020 07:34

a bigger fool follows a fool.

Also, the wise don't debate with idiots.

[big brother8] 24/3/2020 07:13

TLW AND PMO WILL BE GOING SUPERNOVA TODAY.

GOOD ALL GENUINE GAMBLERS.

DO OR DIE. THAT'S BB MODUS OPERANDI.

25P-30P


BOOOM BOOOM
BB