Harbour Energy Share Discussion Threads

[patience a virtue] 03/2/2017 09:18

Treeshake, good riddance of the weak holders, another transfer of wealth.

[moneybags] 03/2/2017 09:16

Manics............What is the total of stock out on loan.....?

[moneybags] 03/2/2017 09:14

Why on earth did Premier Oil go down at the start of the trading of business on the London Stock Market at 8am onwards..............?
Going down on good news.............Has the market no brains whatsoever......!!

Regards , MoneyOilyBags

[nav_mike] 03/2/2017 08:56

Manics

Agree...the basic maths suggested a floor circa 80p, and the shorters would have worked that out as well.

ENQs initial reaction was to drop. Some funds / traders will always sell down toward the technical price.

[prewar] 03/2/2017 08:52

Lenders like anybody else will get the best deal they can get away with, they're not a charity.

This removes lots of uncertainty, added some more.

[investordave] 03/2/2017 08:48

Beggorah - You're welcome. Let's just be grateful that a lot of the uncertainties have been removed. I know I'll sleep easier tonight.

[mariopeter] 03/2/2017 08:45

Easy to say Investordave but Begorrah was just expressing an opinion at the sheer unadulterated greed of the lenders. It abhors me too but I have seen a lot worse. As equity investors we just remember the names of the lenders and sell if they get involved in our investments in the future.

[begorrah88] 03/2/2017 08:42

InvestorDave

?

Adjust my timeframes would be a better idea no?

Thanks for your advice, as banal as it is.

[stansmith3] 03/2/2017 08:40

they are out in force today!

[investordave] 03/2/2017 08:39

Beggorah - Probably best to sell up if you're not happy with the outcome.

[oilandgas1] 03/2/2017 08:38

RNS disappoints:

1. It will be may17 before the refinancing is signed! More uncertainty for 4 months

2. Lack of flexibility for other investments / projects without lender agreement.

3. share price drops on announcement .. temporary??
Dilution details weighs on SP

4. Really good refinancing news would immediately ( within the first hour) moved Pmo above £1.00

[frontdoor bull] 03/2/2017 08:38

Tony Durrant, CEO, commented

"The agreement of the long form term sheet with representatives of our Private Lenders marks a significant milestone for Premier. We are grateful for our lenders' continued support, which reflects the high quality nature of our asset base, the strong recent operating performance and our plans to deliver value for all of our stakeholders."

[begorrah88] 03/2/2017 08:36

NAV

Because TD has allowed this to drag on for no gain.

That doesn't strike me as him having renegotiated a better deal as POO etc have improved and we have been held to ransom but the banks while other oilers etc have seen a marked improvement.

I was expecting a much better outcome after all the delays.

It might well settle higher in the long run but TD has let shareholders down in my book.

[sirmark] 03/2/2017 08:33

Just got another 25) @84

[bigboots] 03/2/2017 08:33

China hasnt helped today...

[marvin9] 03/2/2017 08:32

Well I have to say.. the way you lot normally come clucking all over the thread when news is announced.. its noted, deep down, not many are impressed?

[nav_mike] 03/2/2017 08:28

ENQ didnt exactly go straight up did they....headed down toward the placing price first, then rose once the economics sunk in

[anony mous] 03/2/2017 08:27

Shorters having 1 last blast at this.Rebalance due.

[nav_mike] 03/2/2017 08:27

Begorrah

Can I politely ask whats disappointed you?

The 'headline' warrants price is a bit naff, but the dilution is pretty minimal.

Lenders were always going to want some inducements via fees/better security and higher interest charges, but once the dust has settled, PMO will have succeeded in pulling off a $3bn refinance with a market cap only $450m

People talking about debt haircuts on other boards are deluded imho

[asa8] 03/2/2017 08:25

Enquest up after refinancing pmo down the corruption stinks here!