Harbour Energy Share Discussion Threads

[bakedbean57] 06/1/2017 18:39

Marvin did you get a kitten for Xmas?

[marvin9] 06/1/2017 18:05

Charting oil stocks is silly, but toy helpfull

[manics] 06/1/2017 17:44

...of course, just another guy, another view. Seems to chime with what some chartists are seemingly thinking however. Technicals can be self fulfilling imo.

[paulbiya] 06/1/2017 17:28

Sunny beach boy LSEToday 14:01Guy on twitter posted a chart of pmo 2 days ago.He reckons the uplift from 80p to £1.40 is amazing take a look User name David balchinI think one day next week we will just open 20 % up.

[paulbiya] 06/1/2017 17:21

Re: Debt reductionContrariwise 2UPThanks Beatley, that's very helpful. I have checked in the last half yearly report and I think that you are right:Operating costsCost of sales comprise cost of operations, changes in lifting positions, inventory movement, royalties and amortisation and depreciation of property plant and equipment ("PP&E"). They have a number for operating costs of $16.5 per barrel excluding interest payments. Plugging that number into my calculation, keeping oil at $55 bbl and production at a conservative 75k bopd free cash flow for 2017 comes in at $460m after accounting for G&A of $30m, interest expenses of $160m and capex of $400m. As per your calculation free cash flow rises substantially with every extra barrel produced. If they can sort the debt restructuring PMO is left as a very highly geared play on the oil price - I like it. Thanks for your help

[paulbiya] 06/1/2017 17:16

The penny is dropping. Here is a post from Advfn Re: Debt reductionBeatley 4UPHi Contrariwise,I have OPEX costs at an average of $18 a barrel. I believe the $25, which I presume you've taken from Premier's reports, are the all in cash costs. From what I remember the $25 includes interest payments, but excludes CAPEX.My own model is similar to your own, yet I have production at an average of 80,000bpd per day and obviously the key difference in OPEX costs. I've assumed no production from catcher until 2018 and therefore end up with a debt reduction of $529m for this year.For 2018, and with catcher pumping, I have free cash flow at $750m, assuming an increase in CAPEX to 500m to start the Tolmount development, and oil at $60.Happy to be corrected on the OPEX costs if I'm wrong?Regards,Beatley

[paulbiya] 06/1/2017 17:12

Post from LSE. Great dayToday 16:38New 52 week high of 85.5pAnd our highest close since 4th November 2015.Close 83.75Have a good weekend people.

[marvin9] 06/1/2017 17:07

You not in these Greasy?

[mreasygoing] 06/1/2017 16:52

Nice close. Need to see a test of previous resistance before I buy, been stung before with a false move.

[deanroberthunt] 06/1/2017 16:40

not as good as I was expecting, but it's held the breakout.....ENQ up 12% again, peeps must really like that story.

[oilretire] 06/1/2017 16:38

Could be FI related news leaking, RKH kicked up at same time & had a high volume day....

[hearts1] 06/1/2017 16:14

Don't rewrite history Leonebull,It's been busier here since 19p and some of us have been here a lot longer.

[marvin9] 06/1/2017 15:53

Nooooooooooo keep with your last ramper tip:

Chal or EVR lol

At this rate, the only hot climates you will be travelling to and deal from is Blackpool Beach lol

[ny boy] 06/1/2017 15:41

Should be plenty of upside on this breakout now, will check the charts for the next resistance level.

Anyone in (PVR)? I have been buying lately ..now 16p, looking for 700p after the big June rns, I think shrewd monies flowing in now. Dyor as usual.

[deanroberthunt] 06/1/2017 15:33

to be fair Leoneobull, the outlook for Oil is significantly better now than it was last August....when news changes, change with it!

[leoneobull] 06/1/2017 15:31

Was lonely in August here tackling those who said pmo was effectively bust upon a further covenant renewal. Where are those trolls now? Buying more!

[deanroberthunt] 06/1/2017 15:21

89p would be a great place to finish if it could push on this afternoon

[bakedbean57] 06/1/2017 15:11

Spread broaden seems to be the latest trick !

[bakedbean57] 06/1/2017 13:58

Only the shorters being slowly smoked!

[panic investor] 06/1/2017 13:45

Dean I swear you smoke something you know ! Far too chirpy for this time of year

[deanroberthunt] 06/1/2017 13:42

and ENQ's refinancing wasn't that sterling, it was ok, but it's up over 100% from then.....just shows where PMO can go if Tony can get it done!

[panic investor] 06/1/2017 13:40

Sawadee, in both chap, they'll both be fine this year

[sawadee3] 06/1/2017 13:38

We're making some SERIOUS money over at ENQ chaps, unstoppable share!