Harbour Energy Share Discussion Threads

[andypop1] 12/2/2021 21:28

adg,
Really?
I was beginning to think you had ditched your old ramping habits and then you jump in bed with the current most prolific ramper on here who has ramped this down from 22.5p, to score a point in your vendetta.
Ask Csm why he deleted his fccn posts just after their collapse and then didn't post for the best part of a year.
I would but apparently I'm filtered!
Good luck.

[csmwssk12hu] 12/2/2021 20:06

Adg glad you made a bit there, I was on there for a while all by myself now it’s busy, I made a mistake there as although my average was 6 I sold half a couple of months back at 12 to get my money back even though I didn’t want to I had that much in it I was uncomfortable let’s say, the remaining I sold 90% Monday at 31p the second time it peaked and kept 10% until Tuesday when it started dropping for no reason at sold out at 25p, I was tempted to buy back in at 22 but missed the boat, part of me is concerned by the price movement put part of me is convinced it will go for a good price, 40-50p is not out of the question but from 6-12-31-25 is good enough for me, always leave something for the next guy or gal. It’s a strange old world at the moment, GEMD is the only thing besides FCCN that I have bought and held for longer than a few months, it’s so undervalued imho it’s ridiculous dyor, I feel similar with PMO, speaking of which oil ploughed through 62 and well on its way to 63, up over a dollar since London close, bring on Monday

[stansmith3] 12/2/2021 18:08

you wait days for a clown, then two turn up...

[adg] 12/2/2021 17:35

I made £2,722 after costs thanks to our new friend and his mention of fccn which I had meant to look at the day before but hadn’t done anything, his prompt prompted me to look as I had intended so 2,722 thank you’d to CSM for the reminder.
I find his constant ramping quite interesting - it’s like a one man oil news hub....
More interesting data in his 30 daily mental posts than in one posters we all love 3950 posts over the past 10 years. Oh and he reminded me on FCCN
Happy days
Good luck !
A suggestion for my friends on here who may be interested - have a look at angle it is v interesting - hit 100% (well 99.59%) gain for me today since I bought 10k in January after a really nice fella (Waterloo) suggested taking a look at new year.

[markymar] 12/2/2021 12:30

https://www.investorschronicle.co.uk/news/2021/02/11/safer-harbour-for-premier-shareholders/

[stansmith3] 12/2/2021 09:47

Shame you held on for more at fccnHope you dont make same mistake here

[csmwssk12hu] 12/2/2021 08:59

They take a day off and the price drops, it’s called a pullback, ironically the more doom and gloom they post the higher it rises

[stansmith3] 12/2/2021 08:43

MarkyGistYet?

[andypop1] 11/2/2021 23:20

Marky,
Neither for now.
Why?
Any gains on the retail bonds will be based on the equity element as the cash portion of the debt repayment is fixed therefore 61p of the current 82p in the pound would be dead investment money.
As far as the equity, the price is being suppressed with constant short selling albeit relatively small amounts but with the low volume it is not helping the price.
More importantly I can't see the majority of the creditors wanting to hold the equity for any length of time and upto 3.3 billion (less the 120 million forward sold through short positions) shares hitting the market be it slowly or at pace will keep a lid on any potential gains from here.
There is zero risk that this merger won't go through, it is now a done deal yet the market isn't interested in the new, well managed business with a traditional debt facility from mainstream lenders that will be HE.
Why?
I also think oil is looking a bit toppy, OPEC cut their demand forecast again today.

That's just my opinion, do you have one?
Good luck.

[markymar] 11/2/2021 22:44

Andy ....so if you had 50 k and you had to invest in PMO BONDS or SHARESAnd why?

[andypop1] 11/2/2021 21:21

Voci,
Option three would be to sell the bonds, pocket around 82 pence in the pound and ski down the mountain to safety weeks before the excess snow has even started falling.
That way if you fancy a punt on the equity you can do it as and when you like.
Not advice, just another option.

Sbb,
Melqart seems to be dumping 900k shares steadily over two day periods.
That's about 120m declared shorted shares, a drop in the Ocean or to coin another phrase, a snowflake in an avalanche!

[sbb1x] 11/2/2021 17:01

Melqart Asset Management (UK) Ltd short position in PREMIER OIL PLC up 0.10% to 2.81% #PMO $PMO #LSE #StockMarket #Stocks #Shares #Business #Markets #Trading #News #Investing #Short https://t.co/vM411LdLkR

[voci] 11/2/2021 11:41

From here:



This:
-----
"The debtholders that took equity will create what’s called an ‘overhang’. Think of an avalanche: one stray yodel and a pile of ice and snow wipes out skiers on the lower slopes.

So, the shares owned by former owners of Premier debt, who aren’t natural holders of equity, could at any point be dumped on the market like an errant batch of the white stuff.

If you believe in the overhang thesis then the share price for enlarged Premier (which will be known as Harbour Energy) is only going one way – down."
-----

I am a retail bond holder and as such I am being offered cash or cash plus shares for my holding. If I want to cash in and not be an equity holder I would be better of by taking the cash plus shares offer then selling the shares at say 20p. However if too many other debt holders take the same route then I ain't going to get 20p for them.

Where are you on the "overhang thesis"? An avalanche that will crush the share price? Or will the heat of merger melt the pile of ice and snow away?

[johnwise] 11/2/2021 08:59

Naive company chairman who needs to do some research..


Royal Dutch Shell another company falling for the Left Wing Global Warming scam that would destroy its company

Royal Dutch Shell has revealed a new set of targets to achieve net zero emissions by 2050, with carbon intensity reductions to include third party oil and gas the company sells as products.



Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[csmwssk12hu] 11/2/2021 08:44

No debt lesson from Stan today, I should stay off the cannabis, MXC first U.K. listed cannabis company apparently.

[steve73] 11/2/2021 02:27

Just need the gasoline demand to pick up again... oh, and the airlines to get back to normal (i.e. more than double the number of flights), although apparently it's now illegal to take a foreign holiday from the UK..

And I just read a news piece from Thailand.... During the past 6 months they have had a fewer number of foreign tourists as it previously had each DAY... That's a BIG reduction, and I'm sure will be representative of many other "holiday" destinations.

[csmwssk12hu] 11/2/2021 00:33

Closed near high of day bodes well for tomorrow

[csmwssk12hu] 11/2/2021 00:33

Oil heading to $62

[andypop1] 10/2/2021 23:53

Young marky,
I didn't say the oil price was somewhat muted, I said the response was.
It finished flat, I should have moved you away from the window last February, at least then you might have paid more attention in class!
Tomorrow young man, the lesson will be on currency symbols, I've given up on punctuation marks and homophones.
Good luck mate.
Oil price (is) not muted Andy your (you're) been (being) negative again its (it's) €61 ($) a barrel.

[markymar] 10/2/2021 23:17

Oil price not muted Andy your been negative again its €61 a barrel

[andypop1] 10/2/2021 22:50

Sbb,
So US domestic production rose by 100k last week, that probably explains the somewhat muted response from the oil price given such a large draw was not expected.
Good luck.