Harbour Energy Share Discussion Threads

[deanroberthunt] 14/11/2016 16:34

all very bearish, and with dollar higher and higher

if you crunch the numbers it looks like an oversupply situation for at least another 12 months

[marvin9] 14/11/2016 16:28

So pray tell, me ole little rampers, where are the profits coming from to pay off this massive debt?

To boost profits last time they upgraded the values of EON, wont have that this time and hope its truly worth what they said??????

TIP OG THE DAY:

All you lemmings do is buy buy buy and you should not be into investing, its all about making money and not catching a falling knife; go and buy some post office bonds, at least you will get your money back..

But heyyyyyyyyyyyyy who am I to argue?// your propping the price up ;)

[marvin9] 14/11/2016 16:23

And there we have it m mm mmmmmmmmmmmmmmmmmmmmm SMUG MODE!

[rogerlin] 14/11/2016 16:12

It is PMO who hold 17% of Egdon, since their takeover of Encore.

[forwood] 14/11/2016 16:05

Profits this time around will be helped by the 15% movement in exchange rates

[leoneobull] 14/11/2016 15:25

Who are Egdon resources with 17%? This co. looks too tiny to own 17%? hxxp://www.investing.com/analysis/egdon-resources---growing-unconventional-resource-base-200161919

[leoneobull] 14/11/2016 15:23

With 80-85ks production, PMO ought to be in a far better place than 6 mths ago. The drop is shorters combined with POO related IMOV

[gregpeck7] 14/11/2016 15:10

Future is not in their hands and compared to tlw poor hedging positions.. I fear for pmo.. no position either way.

[leoneobull] 14/11/2016 15:07

I am expecting a positive update

[nav_mike] 14/11/2016 14:35

Went out an hour ago, and since then the oil price has stayed the same but PMO has seen its SETS book flooded by small (<5k) orders.

Its absolutely relentless and you really have to see level2 to believe it.

I really do see shorters as beyond contempt, but hey...as long as they make money, who cares if the company may have to refinance on worse terms.

[gregpeck7] 14/11/2016 14:27

Panr debt free and rising.. the market values the prudent it seems...

[larva] 14/11/2016 14:05

PwC report predicts 'limited' oil price rise

[begorrah88] 14/11/2016 14:04

Going for a big smash down now by the looks of it.

They've got control of SETs, couldn't give a monkeys about Poo and know that PMO are unlikely to resolve the financing in the short term.

The only question is where they stop.

Horrible sense of bullying

[begorrah88] 14/11/2016 13:43

Whilst I hope this isn't the case, I don't see any significant rise that won't be sold into even if the update is good.

The reality being everything else is just noise now apart from the refinancing and I don't think that will be sorted by Thursday. I'm expecting a holding update that could very well see PMO sold into yet again.

There just isn't enough reason for any big institutions [and that is what is needed to buy in volume] to buy in until the refinancing is resolved. Too risky for them beforehand. The shorts have no real reason to close as they can see the same picture.

So we are just a betting chip for the time being and relying on hope more than expectation.

[fitton] 14/11/2016 13:36

Sadly any more weakness in the oil price is going to leave this open to even more shorting.The delays with the refinancing have caused serious concerns about the viability of the company.Tony Durrant should be shot for making the statement back in September that the refinancing "should be completed in the next 2-3 weeks".As usual its the small investors that are the last to know and insider dealing is the name of the game here.How much credibility should be given to the company statement last week.

[begorrah88] 14/11/2016 13:15

.....and with it came another half a penny knocked off PMO

So synchronised when going down but a complete disconnect when POO rises

[begorrah88] 14/11/2016 13:13

The message must have gone out to the Poo sellers/shorters '1pm we need to batter it down to sub 44p'

They might very well get there or we might see a spirited charge back up [wishful thinking I fear]

[julcester] 14/11/2016 12:53

No, just EDR's share dilution impacting PMO's existing shareholding in company.

[dice1950] 14/11/2016 12:45

EDR cheeky takeover took a 17%

[leoneobull] 14/11/2016 11:51

How I miss nyboy

[begorrah88] 14/11/2016 11:35

The shafting continues unabated

[theblackbaron] 14/11/2016 11:27

I would say told you so but hmmm waiting till Thursday "two" rns as mentioned in last RNS one on operations and one on "financial package". Get in line for the placing plus bonds imo

[deanroberthunt] 14/11/2016 11:10

unrelenting

[begorrah88] 14/11/2016 10:00

No bounce today then