Harbour Energy Share Discussion Threads

[mwainw1973] 14/4/2020 16:08

Out from 17p

[technovator] 14/4/2020 16:05

The Brent crude future for June expiry is being smashed down 4.25% at $3037

[investor114] 14/4/2020 12:51

Put BATM(BVC) on your watchlist.Its got a test for cornavirus but has been static whilst NCYT has been soaring.

[grupo guitarlumber] 14/4/2020 11:24

IS THIS WISHFUL THINKING


Targets Six months: 83.15 One year: 127.31

Supports Support1: 10.02 Support2: 8.33

Resistances Resistance1: 71.19 Resistance2: 109.00

[grupo guitarlumber] 14/4/2020 11:22

CAN IT BREAK THRU 30s resistences

[john09] 14/4/2020 11:03

Seems one order partially filled at 27.7p fine by me

[john09] 14/4/2020 10:01

Thanks

No I didn’t unfortunately. Still got some orders on the book but might take them off. Maybe catch it a penny or two lower tomorrow perhaps

[adg] 14/4/2020 09:16

Good timed trade - nice to see people making a few ££’s
Did you manage to catch 27p?

[john09] 14/4/2020 08:58

27 already lol. Ok here goes then maybe

[john09] 14/4/2020 08:54

My sells at 34p on Thursday looking well timed . Might have another dabble at 27p

[molatovkid] 14/4/2020 08:22

Buys piling in!

[steve73] 14/4/2020 08:20

molotov... there are unlikely to be any positive cashflows from the old assets they're looking at buying, not once the financing cost of their acquisition is included, (although maybe if it's entirely funded with equity), or unless the purchase price has been significantly revised down.

On the face of it, at this deressed share price, a debt renegotiation would seem a much more sensible strategy than dilution, although maybe TD's hands are tied (whilst he's getting reamed..!!!)

[steve73] 14/4/2020 08:10

Front month WTI/Brent premium is around $9.5 or over 40% ($22.5/32). This is massive.

OK, so WTI expires in just a few days cf. Brent at the end of the month, and the following month's premium is a bit more normal ($29.7/35.5), but I'm pretty sure it will increase when the WTI contract rolls.

No surprise to see the OP staying low, but pleasantly surprised to see that PMO hasn't followed it down after the long weekend. Maybe there's hope for us yet.

[molatovkid] 14/4/2020 08:09

Some people painting the worst picture.
From the March trading update.


'Assuming a $100m reduction in planned 2020 capex and $35/bbl oil price for the remainder of the year, the Group would expect to be broadly cash flow neutral in 2020.
This does not take into account positive cash flows from the proposed UK acquisitions or potential disposal proceeds.'

[jungmana] 14/4/2020 07:49

Only if oil goes back to $50+ and in the current economic climate I can't see that happening. Demand is low and this production cut agreed has had almost no effect on the price of oil since announced . Looks like was alrwady priced in over last week of trading .

[hmgouda] 14/4/2020 05:37

This will go back to the 80's within a month, wait and see

[hmgouda] 14/4/2020 05:35

Demand for oil will come back sooner rather than latter. By end of this month business as usual.

[investor_2] 14/4/2020 00:15

What is PMOs average cost per barrel?

[robizm] 14/4/2020 00:01

Demand for oil will not return to normal until 2021 at the earliest and then we will be in a bad recession imho. Holiday season will be a write off this year so use in planes etc no existent. I would rather buy a low cost producer with no debt when the time is right ( not BP or She’ll. patience will be the key.

[andypop1] 13/4/2020 23:49

Marky,
The company is losing money at $35 Brent,read the RNS and understand that is not the realised price and takes into account the prices prior to the Coronavirus killing demand.
OPEC publishes its monthly report on Thursday, I appreciate the numbers will be historical but those numbers may give an insight to the destruction in demand we are likely to see reported in the future.

Let's not forget PMO are still planning to raise $500m to buy ageing North Sea assets should they get the SoA past the Scottish Judge, with those assets come the losses they have incurred this year.
If they decide the purchase is reckless in such challenging times they will need to renegotiate their debt before it becomes due in a little over a year's time.

PMO is no different to the shale boys, heavily indebted and losing money. Will they succumb and add to the production cuts?
Probably.

[rose_by_another_name] 13/4/2020 23:26

Lots of different ways to hedge. In
commodities it may mean that they have
contracted in advance to sell at an
agreed price which was lower that the
buyer expected the spot price to be at
the time they would take delivery. They
got a low price by guaranteeing a price
in advance. What looked low then is
quite high now.

[investor_2] 13/4/2020 20:03

Just been reading the RNS from a few weeks back. "Premier has hedged c. 30 per cent of its full year 2020 oil and gas entitlement production at an average oil equivalent price of $60/bbl. This includes 40 per cent of the Group's oil production for the first half of the year hedged at $64/bbl." Whats this actually mean, do PMO require a price of $60/bbl? If so unlikely we will see that this year!