Harbour Energy Share Discussion Threads

[andypop1] 23/3/2021 23:40

Poor management, overspending and bad luck sent PMO to the wall giving them no option but to sell out existing shareholders to the private equity that owns Chrysoar giving that private equity a vehicle to exit an unpopular sector through the London stock exchange.

The creditors have had the May maturity date in sight since the last shambolic refinancing. What possessed the company to agree to all the debt maturing on the same day when they trade such a volatile commodity with supply being higher than demand?

It seems the bad luck will be passed on to HE with Europe being hit with a third wave and air travel being a thing of the past for the foreseeable, I was hoping for a foreign break in October but that will probably coincide with a European fourth wave unless the EU sorts out their disastrous vaccine roll out.

In a little over a week 3.3 billion creditor shares, less those already forward sold through short positions plus some minor Chrysoar shareholders shares will hit the market, let's hope the creditors sell in an orderly manner, which is what I expect will happen over the coming months. After that the private equity firms will, if that is their end game, have an opportunity to realise their profits.

Good luck all.

Stanley,
It beggars belief that he still has the audacity to post on here, he has been run off the asylum (and that's some achievement for a bullish poster) and ii, he is the most delusional poster to frequent these boards.
Night.

[stansmith3] 23/3/2021 22:14

talking of onedeuchebag, he wont post until he reckons he can make a plausible retro trading claimwhere is patience a virtue, whites123 and marky?adg still stumbling around trying to stay relevant, but that is to be expected such is the level of his vanity

[andypop1] 23/3/2021 20:39

Csm,
You've got the wrong man if you're looking for gloating, some on here do but it usually backfires.
Talking of which, anyone seen one (dB)?

Sbb,
I don't think this will be finally done on April 1st looking at how the creditors are already forward selling the creditor shares.

Get your tin hats ready for tomorrow!
Good luck.

[adg] 23/3/2021 20:35

Keep up the good work 👍

[stansmith3] 23/3/2021 18:51

3bn shares in the hands of people who dont really like shares...oil is down 6% today, on top of some decent fallsoops thats two...

[shaf200] 23/3/2021 18:47

I'll take one big stan

[stansmith3] 23/3/2021 15:21

i can think of 3bn reasons

[brazilnut1] 23/3/2021 12:44

Ye well nobody dislikes us enough to attack us, so we certainly dont need you for our defence. Get out of the UK and build that wall again. Get in Nicola.

[sbb1x] 23/3/2021 11:20

Roll on 1st April when this is finally done

[csmwssk12hu] 23/3/2021 10:20

I think I’m on the wrong board, I was looking for Stan and Andy gloating about Pmo price collapse but I’ve come across Scottish independence and brexit and the EU? Wtf? So not a fan of all this but if anyone doubts the south east of England supports the U.K. economically then they are just deluded, there’s not enough oil in the North Sea to even begin to compete, the only reason England holds on to Wales, Scotland and Northern Ireland is the same for hundreds of years and that’s defence simple

[stansmith3] 23/3/2021 10:03

marky has the gist though

[billvernon] 23/3/2021 00:25

well, i want to see it as a glass half full...rather than half empty. let us hope it gives pmo a boost, it can sure do with one. i had completely forgotten about zama, thinking it lost with pres. amlo in power. we shall soon see what investors think. getting bored seeing red every day...up the blues! :) tnks for your analysis.

[andypop1] 22/3/2021 23:39

Bill,
It is not bad news but it comes across as the state owned company backed by a government who are taking back control of the resources the previous regime relinquished dictating the terms of Talos becoming the operator while still claiming to own the majority of the reserves a few days before an agreement between the consortium and Pemex is due.
Good luck.

[billvernon] 22/3/2021 22:58

surely the pemex offer to talos is very good news for pmo?

[andypop1] 22/3/2021 22:29

It's good to see Whitebox back in action as their minimal reduction back in January had me somewhat baffled given they are a known creditor who played this like a fiddle when the convertibles were setting the conversion price and again when big Tone offered them sweeteners to convert early.
The constant selling by the three known active shorters is putting negative pressure on the share price.
I'm sure the rest of the creditors receiving the balance of the 3.3 billion creditor shares will want to be part of the success of HE and will not be looking to get their toxic debt paid back anytime soon!
It's worth keeping an eye on Millennium International Management LP, they were briefly showing above the 0.5% reporting threshold last week.
Good luck.

[sbb1x] 22/3/2021 17:29

Mirabella Financial Services LLP short position in PREMIER OIL PLC up 0.16% to 0.97% #PMO $PMO #LSE #StockMarket #Stocks #Shares #Business #Markets #Trading #News #Investing #Short https://t.co/vM411LdLkR

[sbb1x] 22/3/2021 17:29

Whitebox Advisors LLC short position in PREMIER OIL PLC up 0.11% to 4.25% #PMO $PMO #LSE #StockMarket #Stocks #Shares #Business #Markets #Trading #News #Investing #Short https://t.co/vM411LdLkR

[shaf200] 22/3/2021 10:53

Bloodbath.... NOT

[andypop1] 21/3/2021 22:29

Stanley,
I totally agree.
Good luck

[stansmith3] 21/3/2021 21:21

yes andy

look what you started!

the uk is an entity or it is not, that the trouble with snp and sympathisers like crazi..

so when britain makes a decision due to heavy english voting its unacceptable...

what about when labour and the tories were roughly even and the snp was casting deciding votes not that long ago...basically deciding for england..

like i say you are british or you are not, britain voted for brexit, end of

the snp dont care about that anyway, its just the latest concocted reason for another referendum, the irony is unbelievable, do everything to get away from Westminster and then cant wait to be told what to do by brussels...

crazi, needs to look at oil revenues of the last 5 years, he might be surprised...

anyway time to filter the nutjobs

[andypop1] 21/3/2021 21:05

Crazi,
These boards are littered with fantasists but to my knowledge none have had the bare faced cheek to rewrite the history books to get their deluded point across.
Are you telling us the Marshall plan didn't happen or the earlier loans from the US, Canada and others that were finally cleared in the mid 2000's didn't happen?
Were those loans and the money received from the Marshall plan used just in the Southeast or was that cash also used to rebuild the Northern cities reduced to rubble by the German bombers?
To my knowledge North Sea oil production started in earnest in the 70's and tax receipts were minimal until the 2000's, those tax receipts have been in decline since 2005 and will likely hit negative figures this tax year due to decommissioning liabilities and companies using their previous tax losses against those costs.
Hardly a basis to start a wealth fund like Norway has is it?
Good luck.