Harbour Energy Share Discussion Threads

[frontdoor bull] 03/2/2017 18:53

Leon


I like this bit.

And two companies that could generate huge returns for investors this year as confidence returns are Premier Oil (LSE: PMO) and Rockhopper Exploration (LSE: RKH).

[leoneobull] 03/2/2017 18:43

Finally Telegraph published something. Probably too busy ranting about Brexit to care about pmohttp://www.telegraph.co.uk/business/2017/02/03/premier-oil-lands-long-awaited-deal-28bn-debt-pile/

[asa8] 03/2/2017 18:40

Evening all I spoke to IR weeks ago said there was nothing they could do this whole saga stinks shorts not closing they knew the deal right from the start its about time pmo came out fighting maybe we the shareholders can try and vote Durrant of at reelection

[marvin9] 03/2/2017 18:27

Maybe at this same general meeting, someone could ask the question raised about blatant stock manipulation and how they intend to resolve it and more so, have they also lodged a complaint???

[oilandgas1] 03/2/2017 18:22

The refinancing will require shareholder approval in respect of the potential issue of the warrant shares and shares that could be issued as a result of the change to the convertible bond conversion price. That approval will be sought at a general meeting.

[user47] 03/2/2017 18:22

Hi All, I have been watching PMO for a long time and although I dont understand the heavy technical side like begorrah88 and others, I track the share movement every day, during different times etc..... There is no doubt in my mind that this share is being manipulated, as has been said often the same time in afternoons.
Having read that article that Marvin sent, that is exactly what is happening. They take a couple pf pence of each day and then when it goes into the close, drop another 1p off many times. As a large holder, I cannot say it does wear you down at times, due to the large value you can lose each day, i.e. to me I have lost around £50,000 in the last week. When you have a few days of it, your back of mind is saying , do you want to lose more, but I have stayed strong the last 3 months and held out when it drops, only for it to come back at some stage.
The market considering it is meant to be in the financial industry is as corrupt as it can be at times. It is just proving it to be. I have also looked lately and it is only marshal wace that is increasing lately, so guess it must be them involved. I am happy to put my name down, although as said I am not as technical as others on this site.
I think if you name and shame then you could cause the share price to drop of PMO which is not in the interests of long term holders at the moment. If this is a legitimate way of trading that they do, I am not sure, however, for sure, this borrowing stock to short, creates this mentality of making people sell. It is not ethical that is for sure !

[bakedbean57] 03/2/2017 18:13

Starting point as requested above Marvin hope you get a better response with complaints than I have.

[marvin9] 03/2/2017 17:50

Maybe someone could start a thread and name and shame stocks?

[bakedbean57] 03/2/2017 17:45

I have on multiple occasions over a period of 6 months, they cannot offer comment due to the sensitive nature of the issue i.e if a case is already under review, but they cannot confirm or deny if that's the situation... So all in all they can hide behind that response all day long, and they do unfortunately. The FCA could do with a little oomph but with the City wanting to keep its Banking economy with Brexit, I can't see them being overly worried above and beyond their current relaxed attitude. If Carlsberg did retirement jobs they would be with the FCA.

[marvin9] 03/2/2017 17:33

Bit of a read over the weekend for ya

[marvin9] 03/2/2017 17:23

begorrah88

If you and others have evidence of this, why don't you send it to the governing body over the weekend and demand a response.

It seems a common thing with PMO from what many are complaining about on here.?

[manics] 03/2/2017 16:59

I reckon it will, at least in the coming weeks.

As so often happens in the market, that "big RNS" we were waiting on (you can find one pending on nearly every BB) turned out to be a wet fart (on the day).

We can argue the details of the deal; the strengths, weaknesses, though it's inarguable that today the fundamentals changed for Premier.

Remember d4e? Remember suspension at 19p? Remember $27 POO? Remember pre-EoN? Remember Catcher sanctioned at nearly 50% higher CAPEX? Remember 1.6 cable Fx rate?

FWIW in my view they've been trying it on today (again as we so often see). I'm holding because I think given time, in a relative handful of sessions the new fundamental landscape will out and PMO will progress from there.

If we believe the VWAP conspiracy (and I do) then "that train has sailed" -to quote Austin Powers, because the deal is now in writing. HOWEVER -they are still some big shorts underwater as a consequence of effecting VWAP influence. I can't imagine some are too happy. Caught off-guard by OPEC/N-OPEC? It might seem so.

Lots to play for here as Malcy, for one, clearly agrees.

[begorrah88] 03/2/2017 15:12

Unless someone at PMO is complicit?

I wouldn't imagine the shorters that all turned up toward the end of August was all just a coincidence.

Nor would I think it was a coincidence that we had some sharp sell offs over the few days before TD put the RNS out.

It is very difficult for any company to assure the secrecy of documents that are going out to multiple banks/bondholders etc but PMO don't seem to bothered if the share price takes a hit, however against the expectations that would be.

[bakedbean57] 03/2/2017 14:36

PMO should be embarrassed and ashamed that they haven't taken any measures against this.

[bakedbean57] 03/2/2017 14:20

Stretch out repayment... differ for 4 years!

[begorrah88] 03/2/2017 14:16

The trading is now farcical

There is someone sat at a screen taking the bid off every time it is put up, with exactly the same shape trade to remove it.

Just happened 4 times in a row

I would never have thought 1 person with a satchel of stock could completely dominate a stock the size of PMO but I'm watching it before my eyes.

Dear me!

[begorrah88] 03/2/2017 14:05

Bang on time at 2pm for the yanks to start walking it down further

We can have as many favourable broker reviews as we like but this won't start rising until the shorters decide to move on.

...or, preferably, the regulator asks a question of the MMs about why very few buys are being sent to the book - Fat chance of that!

[nav_mike] 03/2/2017 14:03

Really weird how this isnt being reported....just had a look over the Telegraph website and cant see anything

[marvin9] 03/2/2017 14:01

Analysts welcomed the progress on Premier's restructuring.

"Resolving corporate negotiations will allow greater focus on delivering the Catcher project on time and below budget in the second half of 2017," said analysts at Bernstein, who rate Premier's stock as 'outperform'.