Harbour Energy Share Discussion Threads

[deanroberthunt] 04/1/2017 06:58

Lovely Boat though eh Manic, don't ya think

Live long and prosper, and remember, resistance is futile

[manics] 04/1/2017 06:41

deanrobethunt is ripping off old content from The Motley Fool -of all places- and reposting without due credit to the original author.



I was the first to extend the benefit of doubt to dean when he confused Aliens and Star Trek dialogue in the middle of last year. When a later post from dean included the correct spelling of Mr. Mainwaring's name (so horribly often presented as Mr. Mannering) I felt justified.

Now I don't know what to think.

Here's another part of the very same article:

"Unfortunately, unless oil prices jump to $100 a barrel in the next six months, Enquest and Premier aren't likely to achieve mind-blowing growth any time soon"

ENQ up 68% since article date
POO currently not $100 a barrel
PMO (get ready to get excited Marvin) up 5% since article date.
(however still up 50% from recent 3 month lows)

[deanroberthunt] 04/1/2017 05:29

from Motley Fool, not me.....

There’s no other way of putting it – Premier’s debt is a problem. Alongside its interim results, the company reported that net debt was $2.6bn, up by $400m year-on-year and nearly five times what analysts think it will make before interest, tax, depreciation and amortisation this year. A net debt-to-EBITDA ratio of more than two is generally considered excessive. For the first half, the company reported a pre-tax profit of $110m. Underlying earnings fell from $447m last year to $182m.

These figures are worrying and when compared to Enquest, Premier now looks as if it has become the underdog.

This year Premier’s management is targeting production of around 70,000 barrels of oil per day. However, when Kraken comes on line next year, Enquest will have the capacity to produce nearly 100,000 barrels of oil per day. Moreover, the company will have a lower level of net debt with lower interest costs allowing debt to be paid off faster. Overall, Enquest now looks to be the better investment.

[deanroberthunt] 04/1/2017 05:23

@Leoneobull

I'm sorry, but a source close to PMO is either totally biased or just talking plain garbage......ENQ has refinanced it's debt, is about to complete a project which will propel it's production towards 100k bopd, and it's net debt is only $1.6bn compared with PMO's nay on $3bn....also, ENQ doesn't have the complexity and range of lenders, hence why the refinancing is taking so long....

Unleash the Kraken! ....next target, Dover Straits

[ny boy] 04/1/2017 02:43

Markets will try again for Dow 20k soon, then probably correct, dance near the exit doors.

[leoneobull] 03/1/2017 20:53

Enquest hit a year high today. Worth noting that pmo in a much better position than enquest overall, confirmed to me by a source close to pmo. So GR is spot on as regards the rerate potential!

[leoneobull] 03/1/2017 20:51

Gloucester rugby.. excellent post.As for what spooked POO, the genscape data....which is notoriously inaccurate

[marvin9] 03/1/2017 20:20

OPEC Deal Non-Compliance Begins: Iraq Accuses Kurds Of Pumping More Than Permitted

[marvin9] 03/1/2017 20:02

Looks like Marvins gonna win a cream egg

[deanroberthunt] 03/1/2017 18:55

you wouldn't get his wallet in it, for sure

[deanroberthunt] 03/1/2017 18:51

the paddles are to swat Tony away when he tries to pinch the crews mince pies

[marvin9] 03/1/2017 18:51

Lol what they have paddles lol

OOPPS !

Oil slipping again

[deanroberthunt] 03/1/2017 18:48

this is PMO's FPSO, they were short of money due to refinancing not being completed

[marvin9] 03/1/2017 18:43

Looks like your mention of PMO getting new infrastructure has rallied the oil price a little.

Up a few cents a boat full

[deanroberthunt] 03/1/2017 18:43

if Solan was anything to go by, the boat would have sunk by now....

[marvin9] 03/1/2017 18:42

Your kidding me????

So who will be getting the new infrastructure? TLW?

Maybe Fat Tony should get one

[deanroberthunt] 03/1/2017 18:38

it's not PMO's

[deanroberthunt] 03/1/2017 18:37

nice looking boat.

[marvin9] 03/1/2017 18:37

Well its about time they did something to improve the infrastructure within PMO, when will it arrive and be implicated?

[deanroberthunt] 03/1/2017 18:33

it's not transporting anything, except infrastructure (floating)

[marvin9] 03/1/2017 18:26

So its not transporting xmas pud, its custard?