Harbour Energy Share Discussion Threads

[leoneobull] 19/11/2016 06:54

Everyone missed point about 50 us free cashflow line at end of rns. Breakeven lower but catcher is a major project with ongoing Capex commitments that doesn't mean that 50 is breakeven as some interpreted

[leoneobull] 19/11/2016 06:51

Retail bonds sell above 70p. Comprehensive Refinancing close and clear from TD videos plus rns no d4e83000 production a day in NOV even without solan being at full pelt which was the only disappointment

[seangwhite] 19/11/2016 00:49

NY your input is so well thought out that all on this BB would surely like to support you in the next career move you will have to execute.

[renixus1] 18/11/2016 12:57

It's possible the re-fi may just be a bridge to something bigger and better for investors once the lenders have their deal, assuming the terms allow for early repayment without penalty. If it were me at the negotiating table i would be much harder on the lenders as they appear to be up to their usual tricks but i have no idea if what we are being told is the full story, there seems to be lots of gaps in the info.

[bakedbean57] 18/11/2016 12:23

Basically what I've been suggesting for a while no placing, new finance vehicle with added security for lenders and the release of an asset to write some additional debt down... What we didn't need is the fictitious articles on debt going unsold etc! I Hope PMO on behalf of its investors put in an official complaint and request an investigation into why several key publications published deliberately fictitious articles and information... Who gained what out of that coupled with the coordinated shorting attack for no other reason than coordinated corruption. If oil prices stabiles further PMO looks in a great position hey but then again it did at 76p + .......

[leoneobull] 18/11/2016 12:21

FROM III

"Tempus this morning says buy.

There is a plan for the debt. 1) develop Catcher 2) post-Catcher with Solan up to better production levels we will rapidly pay down debt. Look at previous annual rpt. EBITDA anticipated to come down to manageable 3 times.

With the comprehensive refinancing to kick debt down road to 2021 and no major capex commitments post-Catcher, this will then rerate to a normal mkt cap. Multi-bagger IMOV for 2017"

[whiskeyinthejar] 18/11/2016 08:56

Malcy's blog yesterday:

"
Premier Oil

A trading update from Premier (PMO) this morning which is pretty much the same as other recent trading news, i.e. operationally things are going very well - with the usual exception of Solan, of course.

Production continues to beat estimates, at the moment it is 80/- barrels per day (b/d) with an annual average of 69/- b/d and recently upgraded guidance of 68-73/- b/d still very much achievable.

Catcher is still on target for production in 2017 and down 24% on costs, whilst at Sea Lion FEED work is ongoing and break-even costs are $45 per barrel and falling.

As to the debt, which stands at $2.8 billion, the good news is that the term sheet for the refinancing is in the "final stages" of renegotiation and it looks as if it is pretty well what the company needs.

It is for the full amount, gives headroom for Catcher, gives security and appropriate economics to the lenders and, as one might expect, has governance controls in the process.

This has all taken longer than expected and, of course, given rise to speculation in the market that some of the lending group were keen to jump ship - 'twas ever thus, I suspect - but it looks as if it has got far enough to be a runner…

At the moment I am still giving the Premier team the benefit of the doubt for doing a great job."

[frightened city] 18/11/2016 07:51

From the Times:
However, repayments will attract a higher interest rate and lenders will also have to give their approval to projects the oil and gas company plans to invest in.

Perhaps a good idea given the Solan mess.......

But the BoD has sat back and will now let the lenders take over the running of the company?
Resignations needed - beginning with the Chairman!

[manics] 18/11/2016 07:45

Tempus (The Times) tips as a buy today.

[deanroberthunt] 18/11/2016 07:40

Enquest is the much better bet now, by far, simply sell here and buy in there.

[deanroberthunt] 18/11/2016 07:39

Enquest have managed a good re-org deal why couldn't TD!

[marvin9] 17/11/2016 21:09

MMMM one has to remember these scum bags operate like a double headed snake and lie through there back teeth.

Not improved the oil price and proves what a few on here have said, OPEC now have little say or influence on the oil price.

[marvin9] 17/11/2016 18:56

Well that was a wet firework n with the oil price crashing, not looking good

[paulbiya] 17/11/2016 18:38

Just talking to OPEC made Russia 6 billionGood article

[nav_mike] 17/11/2016 18:03

Have made a note to check the disclosed shorts when they get reported up to 17/11

1m shares is about 0.2% so may well show up in one of the shorters positions

[leoneobull] 17/11/2016 17:49

I said that the careful manipulation of the share price is to allow shorters to make huge buys to close. What amazes is pi's believe nonsense posted here

[bakedbean57] 17/11/2016 16:47

Because that would have a positive effect on the price Mike....

[nav_mike] 17/11/2016 16:17

Exactly 1million shares just gone through in 2 x O trades @55.022p

Buys or sells....and how come not ATs

[manics] 17/11/2016 16:05

Very sad that Tony has set these conditions imo, and failed at momentum.

Seeing him sit with Malcy taking credit for share price inflation from 19p was quite telling (when he's presided over a fall from 500p).

[ny boy] 17/11/2016 15:48

Holding it back, why should it go up anyway?

[leoneobull] 17/11/2016 15:42

Very suspicious why they are holding it back

[ny boy] 17/11/2016 14:39

Renixus..do you use paragraphs?